USD 63.7606

-0.19

EUR 71.1696

+0.04

BRENT 59.2

+0.15

AI-92 42.28

+0.01

AI-95 46.04

+0.01

AI-98 51.75

0

Diesel 46.25

-0.01

50

German and Austrian house owners prefer natural gas for heating

According to Gazprom export, more households of the country choose gas as a source for house heating.

German and Austrian house owners prefer natural gas for heating German and Austrian house owners prefer natural gas for heating


More households of Germany and Austria choose gas as a source for house heating, Gazprom Export reported on September 12, 2017.

 

In 2016 about 50% of german households received thermal energy from natural gas, and further 25% from oil products.

In 2015 the share of gas in heating reached only 21.1% while oil products heating had 33.8% share.

 

The reason for the popularity of gas heating in Germany is in its low price.

Over the past 5 years, the wholesale price of gas in spot markets declined by 36%, and fell at the German border by 45%.

 

Although only one-third of this decline has reached the end user, retail gas prices in the last 4 years have decreased by 16%, reaching the 12-year minimum in 2017.

Neighboring Austria experiences a similar situation.

 

According to a study performed by the Austrian Energy Agency, natural gas remains the cheapest fuel for heating in winter 2016-2017, same as in the previous heating season.

All other fuels became more expensive since 2016.

Source : Neftegaz.RU