Europe moving away from LNG? New data. Experts: energy transformation is working

According to the IEEFA report, in 2024 most European countries reduced their imports of liquefied natural gas (LNG), which led to a 16% drop in demand in the European Union and a 19% drop in Europe. According to experts, there is a good chance that the European Union has already exceeded the peak moment of LNG demand.

Experts confirmed that liquefied natural gas accounted for 30% of gas demand in Europe and 34% of gas demand in the European Union, down from 37% and 40% respectively in 2023. Almost half of European LNG imports came from the United States, 16% from Russia, 11% from Algeria, 10% from Qatar, 5% from Norway and 4% from Nigeria. Imports of American LNG fell by 18%, while gas imports from Qatar (30%), Nigeria (35%) and Algeria (4%) also fell. However, imports of liquefied natural gas from Russia (12%) and Norway (11%) increased. This is worrying, given the EU's plan to end dependence on Russian fossil fuels by 2027.