European gas pivots to LNG but overall demand to decline

bp-energy-outlook-2025

The EU’s gas system has structurally pivoted to LNG backfilling dwindling Russian pipeline flows, with total EU demand broadly flat to 2035 before a steep decline thereafter. bp’s Energy Outlook 2025 shows the EU replacing lost Russian pipeline gas largely with LNG and some non-Russian pipe, keeping total gas demand roughly unchanged to 2035 in its “Current Trajectory.” From the […]

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