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EU Gas Dependency Soars 18% Amid Energy Security Fears

3/28/2025

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Summary

EU Energy Dependence

The EU's dependence on Russian gas surged by 18% in 2024, contradicting its goal to eliminate imports by 2027. Italy and France played pivotal roles in this increase, sparking fears over energy security. Analysts caution that boosting LNG capacity could backfire, risking overcapacity and jeopardizing vital investments in renewable energy and efficiency.

Summary

Greenpeace Protests Fossil Gas

In a powerful demonstration in Belgium, Greenpeace activists rallied against the EU's growing dependence on fossil gas imports, warning of the geopolitical dangers tied to suppliers like Russia and the U.S. Despite a ban on Russian LNG transshipments, imports surged by 18% in 2024. Greenpeace demands a bold transition away from fossil gas by 2035.

History

Historical Context

The EU's rising dependence on Russian gas, increasing by 18% in 2024, echoes past energy crises, notably the 1970s oil shocks. During that period, reliance on Middle Eastern oil led to economic turmoil and prompted calls for energy diversification. Similarly, current fears over energy security, exacerbated by geopolitical tensions, highlight the EU's struggle to balance fossil fuel imports and renewable energy commitments.

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EU Energy Dependence

The EU's dependence on Russian gas surged by 18% in 2024, contradicting its goal to eliminate imports by 2027. Italy and France played pivotal roles in this increase, sparking fears over energy security. Analysts caution that boosting LNG capacity could backfire, risking overcapacity and jeopardizing vital investments in renewable energy and efficiency.

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