Europe gas demand stays central as energy transition turns pragmatic

Chart showing Europe’s gas demand staying stronger than previously expected while power demand growth is revised lower, reflecting a slower and more pragmatic energy transition.

Europe gas demand is staying central as the energy transition becomes more pragmatic, with affordability, reliability and competitiveness now taking priority over pure decarbonisation. S&P Global argues that rising power demand, slower electrification and policy resets are reinforcing the role of hydrocarbons, especially gas, even as low-carbon investment and renewables continue to expand. S&P Global’s Look Forward: Energy Futures argues […]

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