From oil to coal, the EU has imported energy products worth €375.9 billion

Monday, May 19, 2025

Il Sole 24 Ore

EU energy security improves; Italy shifts suppliers; Lithuania boosts renewables for independence.

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[This is an automatically generated summary, for reference only]

The European Union has successfully managed critical energy supply security risks, stabilized energy markets and prices, and accelerated the transition to climate neutrality. Russian gas imports into the EU fell from 45% in 2021 to 18% in 2024, with increased reliance on trusted partners like Norway and the US. In Italy, which relied heavily on foreign imports (77% in 2021), the shift away from Russian gas has been managed through LNG and southern entry points, alongside reduced demand due to decarbonization efforts and macroeconomic contraction. Lithuania exemplifies a major energy shift by completely ceasing Russian imports since 2022, focusing instead on diversification and renewables, with around 70% of its electricity coming from renewable sources in 2024, aiming for 100% by 2030. Recent achievements include covering 94% of domestic energy needs through internal production, particularly wind power, leading to a decrease in wholesale electricity prices and supported by EU investments like REPowerEU.

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