EU forecast a mixed bag for gas and LNG in 2030

EU demand for gas is projected to fall 7% to 302 bcm in 2030, down from 326 bcm in 2023, according to a report (pdf) by energy thinktank Ember. The dip in gas demand comes in contradiction with the bloc’s aim to increase its LNG import capacity to 54% in 2030 — which could lead to an oversupply and render future infrastructure investments. Demand had already faltered by 18.3% to 326 bn bcm in 2021-2023 due to firms favoring renewable energy and electrification as well as ongoing efforts to replace EU reliance on Russian gas.