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Natural gas consumption falls

THE CONTINUING surplus in natural gas supply compared to demand affected the gas market in Slovakia as well as the whole of Europe last year. The aggregate consumption of natural gas in Slovakia shrank by about 4 percent last year, gas utility SPP wrote in a press release.

THE CONTINUING surplus in natural gas supply compared to demand affected the gas market in Slovakia as well as the whole of Europe last year. The aggregate consumption of natural gas in Slovakia shrank by about 4 percent last year, gas utility SPP wrote in a press release.

SPP considered the gas market in 2012 to be stable. The sale of natural gas in Slovakia was marked by strong competition in the corporate and household sectors, with the latter subject to price regulation. In 2012, a total of 22 companies supplied gas in Slovakia, an increase from 19 suppliers in 2011; 10 of these also supplied gas to households.

SPP expects that its share of the household market to be 79 percent in 2013. In the corporate sector it estimates that its market share will be 60 percent. SPP reported that it has regained several large clients, like steelmaker U.S. Steel Košice, carmaker Volkswagen Slovakia, Chemes Humenné and others.

Last year SPP entered the power market and started supplying electricity to corporate clients as well as households. Its ambition is to strengthen its position as the biggest energy supplier on the Slovak market.

Topic: Industry


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