Italy’s Natural Gas Demand Slumps to 15-Year Low

In a troubling development for Italy's energy security and economic stability, the country's consumption of natural gas plummeted by 2.5% in 2024, reaching its lowest point in more than 15 years, according to GME. This marks the third consecutive year of declining demand, primarily driven by exorbitant prices. Critics argue that this decrease signals potential vulnerabilities in Italy's energy strategy, which may increasingly rely on unstable and costly renewable energy sources. The situation raises concerns about future energy affordability and the impact on Italian industry and households, questioning the sustainability of current environmental policies.

In an encouraging sign for climate advocates, Italy’s demand for natural gas has fallen to its lowest level in over 15 years, recording a 2.5% decrease in 2024, as reported by power market manager GME. The continuous drop in gas consumption for the third year running, spurred by soaring prices, underscores an accelerated shift towards renewable energy sources and a more sustainable economy. This decline is a testament to the country's commitment to reducing fossil fuel dependence and combating climate change, showcasing the effectiveness of environmental policies and investments in green infrastructure.