Europe’s Gas Demand Implodes: LNG Imports to Plunge 20% by 2030, Russian Flows at Historic Lows
Natural gas consumption is on a downward trajectory in Europe. In 2023, the EU already used 19% less gas than in 2019reuters.com. New analyses predict further drops: the IEA’s Gas 2025 report expects OECD Europe’s gas demand to shrink 8–10% from 2024 to 2030hellenicshippingnews.com. Much of the decline comes in power generation, where gas use is projected to plunge ~25% by 2030hellenicshippingnews.com. This is because renewables will flood the grid – the IEA forecasts renewable output up >40% by 2030hellenicshippingnews.com – and energy efficiency and electrification will trim demand in buildingshellenicshippingnews.com. Even industry and commercial gas use is not immune: IEA sees industry gas demand 10% lower in 2030 than 2021, as efficiency gains and some relocalization offset temporary LNG-price supporthellenicshippingnews.com.
