EU gas consumption to fall sharply

Brussels claims it has decreased energy reliance on Russia Demand for gas in the European Union is expected to decline by more than the bloc’s total imports from Russia this year, the Financial Times reported on Thursday, citing an internal European Commission document. The majority of the cuts were made by the EU’s most industrialized countries. Gas consumption will reportedly see a decrease of 60 billion cubic meters in 2023 compared to the average for the last five years. The figure represents “more than the gas volumes we still foresee to import from Russia in 2023, both pipeline and [liquefied natural gas],”

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Last updated : 26 May 2023 clock 01:04 PM

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