In the EU, natural gas demand has decreased by 10% in 2022, and a further 43% decrease is expected by 2030. Globally, natural gas demand is predicted to peak before 2030, and most of the growth in electricity demand in the next three years will be met by renewable sources.
Sunday 19 March 2023
Global Energy Outcome After the War
The ongoing energy crisis, which has worsened during the first year of the Russia-Ukraine War, has led to significant changes in the global energy landscape. The EU’s natural gas imports from Russia have decreased by 75%, and its LNG capacity has rapidly expanded as a substitute. Russia’s revenue from oil and gas has declined by 46%, which could lead to a permanent loss of its position in the energy world. At the same time, uncertainties persist regarding Europe’s gas supply security.
In the EU, natural gas demand has decreased by 10% in 2022, and a further 43% decrease is expected by 2030. Globally, natural gas demand is predicted to peak before 2030, and most of the growth in electricity demand in the next three years will be met by renewable sources.
In the EU, natural gas demand has decreased by 10% in 2022, and a further 43% decrease is expected by 2030. Globally, natural gas demand is predicted to peak before 2030, and most of the growth in electricity demand in the next three years will be met by renewable sources.
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