Risky business? Europe's gas demand has plummeted, so why is it building more LNG capacity?

clock • 6 min read
Credit: iStock
Image:

Credit: iStock

Russia's invasion of Ukraine has helped drive down fossil gas demand across the EU and UK by almost a fifth as countries shift towards cleaner, cheaper homegrown energy, IEEFA analysis shows

Europe's consumption of fossil gas has fallen to its lowest level in a decade as countries across the continent have sought to ramp up efficiency measures and source alternatives to imported fossil fuels...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Study: UK has spent additional £75bn on fossil gas since energy crisis began

Study: UK has spent additional £75bn on fossil gas since energy crisis began

Think tank seeks to calculate the full extent of UK's gas bill since energy crisis and Russia's invasion of Ukraine began

Stuart Stone
clock 20 February 2024 • 5 min read
Study: Top oil and gas majors rake in $281bn in profits since Russia invaded Ukraine

Study: Top oil and gas majors rake in $281bn in profits since Russia invaded Ukraine

Research lays bare huge scale of profits achieved by just five leading oil and gas majors as a result of the global energy crunch

Michael Holder
clock 19 February 2024 • 5 min read
Study: Labour's clean energy plans could save up to £1bn on interest payments alone

Study: Labour's clean energy plans could save up to £1bn on interest payments alone

Energy transition will be slower, costlier, and less secure without major public investment in renewables, think tank Common Wealth argues

Cecilia Keating
clock 15 February 2024 • 4 min read