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Europe’s gas consumption falls to 10-year low as peak LNG demand nears
21 February 2024 (IEEFA) | Europe’s gas consumption in 2023 fell to its lowest level in 10 years as countries scale up efficiency measures and renewables deployment. In the two years since Russia’s full-scale invasion of Ukraine, gas demand has declined by 20% across the continent.
21 February 2024 (IEEFA) | Europe’s gas consumption in 2023 fell to its lowest level in 10 years as countries scale up efficiency measures and renewables deployment. “Having experienced the dangers of risking security of energy supply by depending too much on one source, Europe must learn from its past mistakes and avoid becoming over-reliant on the U.S., which provided nearly half of its LNG imports last year.” This is the time to examine which policies worked and continue with them while putting in place new strategies that could give Europe the edge to manage risks in the future,” Jaller-Makarewicz said.
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