US petroleum product exports rose by 7% in 2022 to 5.97 mb/d, driven by an increase of 18% (193,000 b/d) in distillate fuel oil, according to the US Energy Information Administration (EIA). The United States and the European Union imposed sanctions on Russia's petroleum industry in response to the invasion of Ukraine in February 2022, leading to higher prices and crack spreads for petroleum products. In addition, the high volume of US petroleum product exports in 2022 also reflected longer-term growth trends: US exports of total petroleum products more than doubled to 5.97 million b/d in 2022 from 2.31 million b/d in 2010. US distillate fuel oil exports in 2022 averaged 1.26 mb/d, below pre-pandemic volumes, while motor gasoline exports exceeded 2019 volumes.

Snam, the Italian gas transmission system operator, has released its 2022 results, posting a net profit of €671m (-55% compared to 2021). Gas demand in Italy declined by 10% in 2022 to 68.7 bcm, driven down by a lower consumption in all sectors. Gas consumption contracted in the residential and tertiary sector (-16%), because of warmer weather than in 2021, and energy conservation efforts. It also decreased in the industrial sector (-14%) due to the effect of the increase in commodity prices and the unstable macroeconomic situation that led to a drop in industrial production in some energy-intensive sectors. Gas consumption was cut in the power generation sector (-3%) as a result of higher gas prices, despite the drop in hydro production caused by extreme drought. At constant climate, Italian gas demand decreased only by 8%.

Greenhouse gas (GHG) emissions in Germany were 1.9% lower in 2022 compared to 2021, while emissions in the Netherlands dropped by 9%.

According to WindEurope’s Annual Statistics report, Europe has built 19 GW of new wind power capacity in 2022, including 16 GW in the European Union. 87% of the new wind capacity built in Europe last year was onshore, with only 2.5 GW of new offshore wind capacity added. Germany built the most followed by Sweden, Finland, France and the UK. Europe now has a total of 225 GW of installed wind power. In 2021, the whole of Europe added 17.4 GW of wind.