European Reliance On Russian LNG Continues To Grow – Despite Upcoming Bans
February 5, 2026
According to the latest International Energy Agency (IEA) Electricity 2026 report, global electricity demand is expected to grow strongly through to 2030, expanding at around 3.5% per year on average. This robust growth is driven by electrification across industry and transport, rising use of air conditioning, and expanding digital infrastructure like data centres and AI.
🔌 Key Highlights
- Electricity demand is growing much faster than overall energy demand, signalling a shift to what the IEA calls the “Age of Electricity.”
- Emerging and developing economies are the main drivers of this growth, although advanced economies are also seeing rising consumption after years of stagnation.
- Renewables are rapidly scaling and are projected — alongside nuclear — to supply 50% of global electricity by 2030. Natural gas output is also increasing, while coal’s share continues to retreat.
- Despite the clean energy expansion, investment in grid infrastructure and system flexibility must accelerate to keep pace with demand and integrate new generation sources efficiently.
🔧 Why This Matters for Energy Strategy
The report stresses that without substantial upgrades to grids and flexibility mechanisms, many renewable and storage projects — as well as large loads like data centres — risk being delayed due to grid connection bottlenecks. Effective grid expansion, enhanced market mechanisms, and smarter system use are essential to unlocking capacity and ensuring secure, resilient power systems.