Hitting EU Renewables Targets Could Slash Gas Demand a Quarter by 2030

The European Union could save a lot on LNG imports by 2030 if it achieves its heat pump, solar, and wind installation targets…so much so that the bloc could save twice the gas it imports from Qatar, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.

IEEFA, which advocates for an accelerated energy transition, estimates that heat pump deployment and increased solar and wind generation reduced the EU's natural gas demand by 8.8 bcm in 2024.

That's equivalent to about two-thirds of EU imports of Qatari LNG that…