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Europe will have to boost LNG purchases in 2025, IEA says

Europe lowered LNG imports by 18% or by 30 bln cubic meters in 2024

MOSCOW, January 21. /TASS/. Europe will have to increase liquefied natural gas (LNG) purchases by almost 16% in 2025 due to lack of Russian gas transit via Ukraine, the International Energy Agency (IEA) said in its gas market report.

"Under the assumption that Ukrainian transit of Russian pipeline deliveries to Europe does not resume following the lapse of the previous transit agreement, Europe is set to balance its market by taking in around 16% (or 21 billion cubic meters) more LNG y-o-y in 2025," IEA said.

Europe lowered LNG imports by 18% or by 30 bln cubic meters in 2024, the agency reported earlier.