Europe Gas Tracker Report 2022

Russia’s invasion of Ukraine has brought about a push from EU member states, the European Commission, and the gas industry for the green-lighting of numerous new gas projects, but such an approach to Europe’s
energy dilemma is misplaced. The problem for Europe does not reside in a shortage of gas import capacity, but rather in the tightness of global markets.

The EU already has substantially more than enough gas import capacity measured by operating gas pipelines and liquefied natural gas (LNG) terminals—to support the continent’s needs, according to a newly updated survey
by Global Energy Monitor (GEM) and its Europe Gas Tracker. Moreover, the level of surplus will grow over time. Adding additional new gas infrastructure is a slower, costlier, and more environmentally damaging answer to the bloc’s security needs than accelerating the deployment of affordable renewable alternatives and demand-side reductions.

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