EU Has Slashed Natural Gas Imports by 18% Since 2021 ...Middle East

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EU Has Slashed Natural Gas Imports by 18% Since 2021
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The European Union reduced its combined pipeline gas and LNG imports by 18% between 2021 and 2024, as consumption slumped by 20%, a gas flow tracking tool of the Institute for Energy Economics and Financial Analysis (IEEFA) showed on Wednesday. For a large part of these four years to 2024, Europe had to contend with record-high natural gas prices in the aftermath of the Russian invasion of Ukraine in early 2022. Households and businesses consumed much less natural gas in 2022 and 2023 as high prices hit consumers very hard. European energy-intensive…

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