The European Union’s demand for liquefied natural gas, which provided a key lifeline during the energy crisis, will likely peak this year as the region accelerates its renewables transition, according to the bloc’s energy regulator.
If the bloc’s renewable “targets are fully met, the gas demand reduction foreseen by 2030 will be slightly over 200 billion cubic meters relative to 2019,” according to a report from the Agency for the Cooperation of Energy Regulators released Friday. That’s equivalent to around 130% of the EU’s pre-war gas imports from Russia.
