New Two-Pager | Importing More LNG: A Costly Mistake for EU Economics
Following last July’s publication of the unbranded guideline “LNG by the Numbers: Debunking the Economics” we have prepared a two-pager designed as an educational and advocacy tool to highlight the risks of relying on LNG as both an economic and energy security strategy. Backed by 10 groups, it aims to provide a clear, concise overview of why LNG is a bad economic bet.
The document challenges the EU’s misguided pledge to channel $750 billion into U.S. energy imports, despite EU gas demand already falling by 20% over the past three years. Hitting that target would mean tripling imports of oil, coal, and LNG by 2025, an unrealistic surge that is also incompatible with climate goals.
Likewise, the EU’s temptation to copy the so-called “Japanese model” of LNG investment, an approach that proved economically unsustainable and even forced Japan to resell surplus LNG at a loss, is equally misplaced.
Instead of replacing Russian gas dependency with volatile, costly, and climate-damaging LNG, the EU should focus on grid modernization and the electrification of heating, transport, and industry, directing investment toward renewables and a just transition.