Since I know someone will ask for a source, here's one: https://www.investigate-europe.eu/en/2020/the-gas-trap-report/ https://www.investigate-europe.eu/en/2020

Since I know someone will ask for a source, here's one: https://www.investigate-europe.eu/en/2020/the-gas-trap-report/ https://www.investigate-europe.eu/en/2020/the-gas-trap-repor... > Silvia Pastorelli explained that companies “have been consistently over-estimating the need for gas and basically, ENTSOG members have received something like, just short of 90% of the EU’s gas infrastructure subsidies which is a lot of money, and the fact that they basically can decide gives them lots of power.” > But according to Global Energy Monitor’s (GEM) report, ‘Gas at a Crossroads‘, the EU already has a large excess of gas infrastructure. The EU gas import capacity is nearly twice as high as EU gas consumption – according to the report, “The utilization rate in 2018 was ~60%, with ~40% spare capacity.” And GEM’s survey found €117 bn in new EU gas projects are in development, including €52 bn for gas pipelines, €12 billion for LNG import terminals, and €53 bn for gas-fired power stations.