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A new floating storage and regasification unit considered crucial to Italy’s energy independence arrived in Tuscany on March 19, 2023. The Golar Tundra project is a key part of Italy’s plan to reduce its reliance on Russian gas following the invasion of Ukraine.

Filippo Monteforte | Afp | Getty Images

Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new research, with more than half of the region’s planned LNG assets seen at risk of becoming idle.

The European Union has pledged to wean itself off Russian fossil fuels by 2027 in response to President Vladimir Putin‘s full-scale invasion of Ukraine, with many member states fast-tracking plans to bring in alternative sources of gas from countries such as the U.S. and Qatar.

Several countries including Germany, Italy, Greece, the Netherlands and France have announced new LNG projects or the expansion to existing ones in response to the shutdown of Russian gas pipelines.

The scramble to cover future energy needs, however, puts European countries at risk of wasting colossal sums of money, according to the Institute for Energy Economics and Financial Analysis.

Europe must carefully balance its gas and LNG systems, and avoid tipping the scale from reliability to redundancy.

Ana Maria Jaller-Makarewicz

energy analyst for IEEFA Europe

IEEFA, a U.S.-based think tank, said in research published Wednesday that Europe’s appetite for new LNG projects could massively outstrip demand in the coming years.

The continent’s LNG terminal capacity is set to exceed 400 billion cubic meters (bcm) by 2030, IEEFA said, citing current infrastructure buildout plans. This is up from 270 bcm at the end of last year. IEEFA included the U.K., Norway and Turkey in its analysis.

By contrast, demand for LNG across Europe is projected to range between 150 bcm, according to IEEFA, and 190 bcm, according to S&P Global Commodity Insights.

IEEFA said the mismatch between Europe’s future LNG demand and import facilities could result in 200 bcm to 250 bcm of unused capacity by 2030 — equivalent to roughly half the EU’s total gas demand in 2021, which was 413 bcm.

“This is the world’s most expensive and unnecessary insurance policy,” said Ana Maria Jaller-Makarewicz, energy analyst for IEEFA Europe and author of the analysis.

“Europe must carefully balance its gas and LNG systems, and avoid tipping the scale from reliability to redundancy. Boosting Europe’s LNG infrastructure will not necessarily increase reliability — there’s a tangible risk that assets could become stranded,” Jaller-Makarewicz said.

Risk of stranded assets

Several European countries including Germany, Italy, Greece, the Netherlands and France have announced new LNG projects or the expansion to existing ones in response to shutdown of Russian gas pipelines.

Michael Sohn | Afp | Getty Images

The EU’s big LNG capacity bet has also sparked environmental concerns, with research published late last year from Global Energy Monitor warning that plans to double the bloc’s LNG import terminal capacity threaten to derail climate goals while also doing little to address the energy crisis.

Analysts at GEM noted at the time that most of the LNG contracts secured by EU buyers were scheduled to start from 2026 and continue for 15 to 20 years.

To be sure, the burning of fossil fuels such as coal, oil and gas, is the chief driver of the climate crisis.

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Quick Charge | hydrogen hype falls flat amid very public failures

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Quick Charge | hydrogen hype falls flat amid very public failures

On today’s hyped up hydrogen episode of Quick Charge, we look at some of the fuel’s recent failures and billion dollar bungles as the fuel cell crowd continues to lose the credibility race against a rapidly evolving battery electric market.

We’re taking a look at some of the recent hydrogen failures of 2025 – including nine-figure product cancellations in the US and Korea, a series of simultaneous bus failures in Poland, and European executives, experts, and economists calling for EU governments to ditch hydrogen and focus on the deployment of a more widespread electric trucking infrastructure.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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Looking for an EV lease under $200 a month? Here’s what’s available in April

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Looking for an EV lease under 0 a month? Here's what's available in April

Believe it or not, you can lease an EV for under $200 a month. New deals on models like the 2025 Hyundai IONIQ 5 and Kia EV6 are hard to pass up this month.

Electric vehicles have been all over the news lately, with the Trump administration threatening to end federal incentives and introducing new tariffs that are expected to lead to higher prices.

On the positive side, new EV models are arriving, giving buyers more options and driving prices down. Many automakers reported record US electric car sales in the first three months of 2024.

GM remained the number two seller of EVs behind Tesla after sales doubled in Q1 2025. With the new Equinox, Blazer, and Silverado EVs rolling out, Chevy is now the fastest-growing EV brand in the US. Ford’s Mustang Mach-E is off to its best sales start since launching, with over 11,600 models sold in the first quarter.

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With the 2025 models rolling out and about 15 new EVs arriving this year, many automakers are introducing steep discounts to move vehicles off the lot.

EVs-lease-$200-April
2025 Hyundai IONIQ 5 Limited (Source: Hyundai)

EVs for lease for under $200 a month in April

Although the decade-old Nissan LEAF remains one of the most affordable this April at just $149 per month, there are a few EVs under $200 right now that are worth taking a look at.

The new 2025 Hyundai IONIQ might be the best EV deal this month, with leases as low as $199. Hyundai is currently promoting a 24-month lease deal with $3,999 due at signing.

EVs-lease-$200-April
Hyundai’s new 2025 IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)

Hyundai upgraded the electric SUV with a bigger battery for more range (now up to 318 miles), a sleek new look inside and out, and it now comes with an NACS port so you can charge it at Tesla Superchargers.

The offer is for the IONIQ 5 SE RWD Standard Range, which has a driving range of up to 245 miles. For just $229 a month, you can snag the SE RWD model, which has a range of up to 318 miles and a more powerful (225 horsepower) electric motor. It’s also a 24-month lease with $3,999 due at signing.

Hyundai-2025-IONIQ-5-interior
2025 Hyundai IONIQ 5 Limited interior (Source: Hyundai)

To sweeten the deal, Hyundai is offering a free ChargePoint Home Flex Level 2 EV charger with the purchase or lease of any 2024 or 2025 IONIQ 5. If you already have one, you can opt for a $400 public charging credit.

After slashing lease prices this month, the 2025 Nissan Ariya is actually cheaper than the LEAF in some regions. In Southern California, the 2025 Nissan Ariya Evolve AWD is listed at just $129 per month. The AWD model has a range of up to 272 miles.

EVs-lease-$200-April
2025 Nissan Ariya Platinum+ e-4ORCE (Source: Nissan)

The deal is for 36 months, with $4,409 due at signing. In April, Nissan cut Ariya lease prices to around $239 in most other parts of the country.

Kia has a few EVs available to lease for under $200 a month in April. The 2025 Kia Niro EV Wind is listed at just $129 for 24 months, with $3,999 due at signing. Kia’s crossover SUV has EPA-estimated range of 253 miles.

EVs-lease-$200-April
2024 Kia EV6 (Source: Kia)

The 2024 EV6 may be worth considering at just $179 for 24 months ($3,999 due at signing). In California, the EV6 Light Long Range RWD is only slightly more than the Niro Wind.

In most other parts of the country, you can still find the EV6 for under $200 a month. The Light Long Range RWD trim offers up to 310 miles of EPA-estimated range.

Lease Price Term
(months)
Amount Due at Signing Driving Range
2025 Hyundai IONIQ 5 SE RWD Standard Range $199 24 $3,999 245 miles
2024 Kia EV6 Light Long Rang RWD $179 24 $3,999 310 miles
2024 Kia Niro EV Wind $129 24 $3,999 253 miles
2025 Nissan Ariya Evolve AWD $129 36 $4,409 272 miles
2025 Nissan LEAF S FWD $149 36 $2,629 149 miles
2024 Fiat 500 INSPI(RED) $199 24 $2,999 149 miles
EVs for lease for under $200 a month in April 2025

And don’t forget the 2024 Fiat 500e, which is now listed at just $199 for 24 months with $2,999 due at signing. The electric hatchback offers a range of up to 149 miles.

If you are looking to spend a little more, check out our list of EVs you can lease for under $300 a month.

Ready to snag the savings while they are still here? At under $200 a month, some of these EV lease deals are hard to pass up right now. Check out our links below to find deals in your area.

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The US’s first solar panels over canals pilot is now online [video]

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The US’s first solar panels over canals pilot is now online [video]

Project Nexus, the first solar panel canopies over irrigation canals in the US, is now online in California, and there are plans to expand the project to other areas.

Project Nexus is a $20 million pilot in central California’s Turlock Irrigation District launched in October 2022. The project team is exploring solar over canal design, deployment, and co-benefits using canal infrastructure and the electrical grid.

India already has solar panels over canals, but Project Nexus is the first of its kind in the US.

The Turlock Irrigation District was the first irrigation district formed in California in 1887. It provides irrigation water to 4,700 growers who farm around 150,000 acres in the San Joaquin Valley.

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Project Nexus will explore whether the solar panels reduce water evaporation as a result of midday shade and wind mitigation, create improvements to water quality through reduced vegetative growth, reduce canal maintenance as a result of reduced vegetative growth, and, of course, generate renewable electricity.

The California Department of Water Resources, utility company Turlock Irrigation District, Marin County, California-based water and energy project developer Solar AquaGrid, and The University of California, Merced, are partnering on the pilot. Project Nexus originated from a 2021 research project led by UC Merced alumna and project scientist Brandi McKuin.

Solar panels were installed at two sites over both wide- and narrow-span sections of Turlock Irrigation District canals in Stanislaus County, in various orientations. The sections range from 20 feet wide to 100 feet wide. University of California, Merced has positioned research equipment at both sites to collect baseline data so the researchers can decide where solar will work and where it won’t.

In February 2023, Project Nexus announced it would also deploy long-term iron flow battery storage in the form of two ESS 75kW turnkey “Energy Warehouse” batteries.

You can learn more about Project Nexus here:

Read more: In a US first, California will pilot solar-panel canopies over canals


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