Wednesday, October 5, 2022

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Global Energy Monitor: Europe Gas Tracker Report 2021

The outlook for expanding EU gas import capacity — an increase of 35 per cent over the current capacity — is at odds with the EU’s stated goal of net-zero greenhouse gas emissions by 2050, according to a new survey of gas infrastructure by Global Energy Monitor.

Building all the gas infrastructure (pipelines and LNG terminals) currently in pre-construction or construction phases would add 222 billion cubic metres per year (bcm/y) of net gas import capacity into the EU.

With EU members planning steep reductions in fossil fuel use as per the Paris Agreement, these expansion plans create an 87 billion euro stranded asset risk and threaten to lock-in emissions well beyond 2050.

Read the full report here.

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