Finance
EU gas demand set to fall by 7% by 2030, Ember report says
Published by Global Banking & Finance Review®
Posted on June 16, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 16, 2025
2 min readLast updated: January 23, 2026
EU gas demand is forecasted to decline by 7% by 2030, driven by renewable energy and electrification, posing risks of over-supply and stranded assets.
LONDON (Reuters) -Gas demand in the European Union is expected to fall by 7% by 2030 as renewable energy and electrification increase, a report by thinktank Ember showed on Tuesday.
BY THE NUMBERS
Ember analysed EU member states' national energy plans which showed gas demand is set to fall by 7% from 326 billion cubic metres (bcm) in 2023 to 302 bcm in 2030. Gas demand has already dropped by 19% to 326 bcm in 2023 from 404 bcm in 2019.
WHY IT'S IMPORTANT
The long-term decline in gas demand is at odds with the EU's aim to increase liquefied natural gas import capacity by 54% by 2030 as part of plans to phase out Russian pipeline gas supply.
This could result in over-supply with new gas infrastructuee investments at risk of becoming stranded assets, the report said.
CONTEXT
EU countries aim to double their total wind and solar capacity over the next five years so that renewable energy is on track to generate 66% of all EU electricity by 2030.
The share of electricity in EU final energy demand is expected to rise to 30% by 2030 from 23% currently.
KEY QUOTE
"An electrified economy is where the EU is definitively heading, and any rush to overbuild gas infrastructure will inevitably end in costly stranded assets. Industry stakeholders, investors and policymakers should all take note," said Tomos Harrison, electricity transition analyst at Ember.
(Reporting by Nina Chestney; Editing by Chizu Nomiyama )
Gas demand in the European Union is expected to fall by 7% from 326 billion cubic metres in 2023 to 302 billion cubic metres by 2030.
The long-term decline in gas demand contradicts the EU's goal to increase liquefied natural gas import capacity by 54% by 2030, potentially leading to over-supply.
EU countries aim to double their total wind and solar capacity over the next five years, targeting renewable energy to generate 66% of all EU electricity by 2030.
The report warns that a rush to overbuild gas infrastructure could result in costly stranded assets as the EU moves towards an electrified economy.
The share of electricity in EU final energy demand is projected to rise to 30% by 2030, up from 23% currently.
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