Europe’s Gas Demand Implodes: LNG Imports to Plunge 20% by 2030, Russian Flows at Historic Lows
Demand Forecasts and Key Drivers Natural gas consumption is on a downward trajectory in Europe. In 2023, the EU already used 19% less gas (326 bcm) than in 2019 (404 bcm) Reuters. New analyses predict further drops: the IEA’s Gas 2025 report expects OECD Europe’s gas demand to shrink 8–10% from 2024 to 2030 Hellenicshippingnews. Much of the decline comes in power…