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EU gas demand expected to fall by more than Russian imports in 2023

Consumption cutting in five big economies drives most of the decrease

Brussels has said it expects EU gas demand to fall by more than its total imports from Russia this year.

Gas-saving measures undertaken by the EU’s 27 member states are estimated to cut consumption in 2023 by 60 bcm compared with the bloc’s average use over the past five years, according to an internal European Commission document seen by the Financial Times.

This represents “more than the gas volumes we still foresee to import from Russia in 2023, both pipeline and [liquefied natural gas]”, the document said. It is also 8 bcm more than the bloc managed to save at the height of its energy crisis last year.

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