Natural gas demand in Europe slumped to a 10-year low last year as consumption has tumbled by 20% since the Russian invasion of Ukraine two years ago, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a new report on Wednesday. Soaring installations of renewable power capacity and measures to boost energy efficiency drove Europe’s gas consumption to the lowest in 10 years in 2023, and peak LNG demand in the continent could come as early as next year, IEEFA said. Large economies including…
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