{"id":137594,"date":"2025-02-19T07:35:59","date_gmt":"2025-02-19T05:35:59","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/lng-imports-plummet-amid-falling-eu-gas-demand\/"},"modified":"2025-02-19T07:35:59","modified_gmt":"2025-02-19T05:35:59","slug":"lng-imports-plummet-amid-falling-eu-gas-demand","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/lng-imports-plummet-amid-falling-eu-gas-demand\/","title":{"rendered":"LNG imports plummet amid falling EU gas demand"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/137594\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Europe\u2019s decreasing gas demand calls into question a scramble to build new LNG import terminals, but leeway remains to increase imports from US as demanded by President Donald Trump. With European gas demand at an 11-year low, imports of liquefied natural gas (LNG) into the EU fell 16% last year compared to 2023, an evolution of the market that could have significant geopolitical implications.<\/p>\n<p>With pipeline gas from Russia reduced to a trickle since the Kremlin launched its invasion of Ukraine in 2022, the EU has compensated by increasing imports of LNG, especially from the US \u2013 but also, controversially, from Russia itself. Still, the Institute for Energy Economics and Financial Analysis (IEEFA) reported on Tuesday, the EU\u2019s regasification terminals \u2013 where shipments of LNG are pumped into the gas pipeline network \u2013 were running at an average of just 42% capacity, with many barely used.<\/p>\n<p>Since February 2022, the EU has added import capacity for some 50 billion cubic metres of gas a year, mainly in Germany, the Netherlands, Italy, France and Finland. Based on current plans and demand trends, total capacity could be utilised at just 30% by 2030, the energy transition think tank warned. \u201cDoubling down on new LNG terminals without taking into account demand trends raises the risk of overinvestment and infrastructure being under-utilised as the energy transition accelerates,\u201d said Ana Maria Jaller-Makarewicz, IEEFA\u2019s lead analyst for European energy.<\/p>\n<p><em>\u0160ef\u010dovi\u010d goes to Washington<\/em><br \/>\nBut the stranded, or underused, assets may not be the most immediate concern in Brussels. The EU continues to import significant amounts of Russian LNG \u2013 despite the European Commission\u2019s unofficial target to end all fossil fuel imports by 2027, which is to be the subject of a \u2018roadmap\u2019 slated for publication on 26 March.<\/p>\n<p>Before then, vice-president in charge of trade Maro\u0161 \u0160ef\u010dovi\u010d will travel to Washington on Wednesday (19 February) to try to head off an EU-US trade war, the most senior EU official to be dispatched since Trump\u2019s inauguration. He is doubtless aware that among the US president\u2019s various ultimatums and threats in recent months was the promise to impose sweeping tariffs on Europe unless it ramps up imports of LNG.<\/p>\n<p>The commissioner will meet with US Trade Representative Jamieson Greer, Commerce Secretary Howard Lutnick, and Trump&#8217;s chief economic adviser Kevin Hassett. The EU executive declined to address the substance of the talks but said \u0160ef\u010dovi\u010d would convey \u201cin a very forthright way the European Union&#8217;s principled belief that tariffs serve no one and that they drive us towards lose-lose outcomes\u201d.<\/p>\n<p><em>Brussels monitoring \u2018very closely\u2019<\/em><br \/>\nThe Commission&#8217;s energy spokesperson Anna-Kaisa Itkonen would not confirm whether or not energy specifically was on the agenda, but noted that \u201cLNG is something that President von der Leyen has mentioned as being a topic that we have, in the past as well, discussed with the US\u201d. Imports of LNG from the US amounted to 63bn cubic metres last year, or 46% of the total \u2013 but IEEFA\u2019s data suggests there would be room to increase this volume, given nearly 22bn of Russian LNG was also imported, 18% up on 2023 volumes.<\/p>\n<p><em>In Partnership with Booking.com<\/em><br \/>\n\u201cA third of EU imports of Russian LNG were spot trades in 2024,\u201d Jaller-Makarewicz said. \u201cMember states should prioritise phasing out these flows, which aren\u2019t subject to long-term contracts.\u201d Brussels \u2013 which has so far balked at imposing sanctions on gas \u2013 was monitoring gas demand very closely as it finalises its exit strategy from Russian energy dependence, Itkonen said. \u201cObviously all of this information and all these statistics will feed into this work,\u201d she said. Monday (24 February) will mark three years since Russian tanks poured across Ukraine\u2019s border. In that time, a combination of demand reduction measures and renewable energy deployment have seen overall EU gas demand fall by roughly a fifth.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2025\/02\/18\/lng-imports-plummet-amid-falling-eu-gas-demand\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/lng-imports-plummet-amid-falling-eu-gas-demand\/\">LNG imports plummet amid falling EU gas demand<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,18009,18010],"class_list":["post-137594","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-eu-gas","tag-lng-imports-plummet"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=137594"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137594\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=137594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=137594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=137594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}