EU energy transition: renewables surge while gas and LNG remain essential

Bar chart showing EU installed capacity of wind and solar power from 2021 to 2024

The EU energy transition continues to reshape Europe’s power and gas landscape. Between 2021 and 2023, the EU saved over €100 billion thanks to new solar and wind capacity, illustrating how renewables are steadily displacing gas in electricity generation. Yet, natural gas and LNG remain crucial transition fuels—providing flexibility, backup capacity, and energy security as the bloc reduces its dependence […]

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