Spain’s Huelva LNG terminal
Europe faces test of gas resolve
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
In May 2022, the European Commission published its REPowerEU plan as a response to Russia’s invasion of Ukraine and the associated threat to European energy security. The strategy has three goals: to save energy, to diversify energy supplies and to accelerate the production of clean energy. Two years later, in spring 2024, the Commission was able to report that gas demand had declined by 18% between August 2022 and March 2024, a saving of 125bcm. 15% – Russia’s share of EU gas imports in 2023 Imports of Russian gas (pipeline and LNG) had dropped from 45% of overall EU imports in 2021 to only 15% in 2023, while Norway and the US have become the EU's largest gas suppliers, providing 34
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
