European LNG Imports Hit Post-Pandemic Low

Published FEB 18·Updated FEB 19

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Above: An LNG FSU tanker carrying liquefied gas moors in port in Marsaxlokk, Malta, on Dec. 25, 2024. Image copyright: Michal Fludra/NurPhoto/Contributor via Getty Images

The Spin

Narrative A

The significant drop in LNG imports demonstrates Europe's successful transition toward renewable energy and reduced fossil fuel dependency. The continent has likely passed peak LNG demand, showing that energy security can be achieved without heavy reliance on gas imports.

IEEFA Euractiv

Narrative B

The massive investment in new LNG infrastructure, despite falling demand, risks creating stranded assets and an unnecessary financial burden. With utilization rates already declining, the planned 60% capacity expansion by 2030 could lead to severely underutilized facilities and wasted resources.

BNN Bloomberg Guardian