EU demand reduction needs to cope with Russian gas cuts
The share of the EU's gas supply provided by Russia dropped to 20% in June 2022. The gap of over 300 TWh in the first 6 months of 2022 compared to 2021 has been filled mostly by 240 TWh of additional imports of LNG. Because the internal gas market is not perfectly connected, countries will need to reduce their gas consumption by 0-54%.

7 July 2022

Bruegel