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Policy and RegulationData
May 12, 2022

Gas volatility exposes weaknesses in EU energy policy

By Fatima Benkhaled
This aerial view shows the Liquid Natural Gas (LNG) terminal on the Maasvlakte in Rotterdam, on May 6, 2022. – – Netherlands OUT (Photo by Koen van Weel / ANP / AFP) / Netherlands OUT (Photo by KOEN VAN WEEL/ANP/AFP via Getty Images)
This aerial view shows the Liquid Natural Gas (LNG) terminal on the Maasvlakte in Rotterdam, on May 6, 2022. – – Netherlands OUT (Photo by Koen van Weel / ANP / AFP) / Netherlands OUT (Photo by KOEN VAN WEEL/ANP/AFP via Getty Images)

Gas prices are now projected to remain stubbornly higher than envisaged by costings for current EU strategy.

The EU’s latest energy policy proposals do not do enough to wean the bloc off expensive gas, according to new analysis by climate think tanks, which find that persistent rises in the price of fossil fuels could add as much as €250bn to the projected 2030 cost of the union’s pre-Ukraine plans.

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