IEEFA: EU combined gas and LNG imports fall due to reduced demand
EU measures to reduce gas demand have driven a decline in the bloc’s combined imports of pipeline gas and LNG, helping to ensure its energy security, according to a new data tracking tool published by the Institute for Energy Economics and Financial Analysis (IEEFA).
The EU Gas Flows Tracker shows that between 2021 – 2024, EU countries reduced their combined imports of gas and LNG by 18% thanks to a 20% decrease in gas consumption.
The end of Russian gas transit via Ukraine on 1 January 2025 led to a y/y increase in EU LNG imports in 1Q25. However, the bloc’s combined gas and LNG imports were flat y/y in that quarter and 1% less than in the same period of 2023.
“EU countries’ reliance on gas pipeline imports and LNG shipments means they are exposed to geopolitical issues and supply disruptions. However, they have mitigated this dependence by curbing gas consumption, diversifying import sources, shifting gas flows and installing more renewables,” said Ana Maria Jaller-Makarewicz, Lead Energy Analyst, Europe, at IEEFA.
“If the EU continues with policies to cut gas consumption, the bloc could satisfy demand without additional gas infrastructure or increased imports. Investing to accelerate renewable energy and heat pump installations will further boost the EU’s energy security and reduce the impact of volatile gas prices on businesses and households.”
The tracker complements IEEFA’s European LNG Tracker by showing how EU countries’ pipeline gas imports have changed since 2021 and how this has impacted the direction of cross-border gas flows. The page will be updated regularly as new data becomes available.
With the EU due to publish a roadmap on 6 May detailing its strategy to phase out Russian energy by 2027, the tracker highlights the EU’s ongoing reliance on Russian gas.
In 2024, the bloc’s combined imports of Russian gas and LNG grew by 19.5%. And while transit via Ukraine ended in January, EU imports of Russian pipeline gas via Türkiye increased by 16% year on year in 1Q25.
Nonetheless, the data shows how the EU has gradually progressed in reducing its dependence on Russian imports as the gas and LNG supply landscape has shifted.
In 1Q25, Norway supplied 30% of the EU’s gas and LNG, followed by the US (25%), Russia (14%), and Algeria (13%).
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/30042025/ieefa-eu-combined-gas-and-lng-imports-fall-due-to-reduced-demand/
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