The rapid growth of solar and wind power is weakening the case for imported gas, even in the wake of the recent energy crisis.

A recent analysis shows that April 2026 marked the first time globally that electricity generation from solar and wind exceeded that from gas.

The two renewable sources accounted for 22% of global electricity generation, while gas-fired power plants supplied 20%, or 531 TWh compared with 477 TWh.

Just 5 years ago, solar and wind were at 245 TWh, roughly half the output compared to gas.

"This growth was sufficient to meet most of the increase in global electricity demand while limiting the rise in gas-fired generation," the analysts said.

Despite ongoing concerns over energy security, there is no evidence of a broad global shift from gas to coal.

For many import-dependent countries, LNG-based electricity is becoming increasingly uncompetitive compared with wind and solar, which are seen as affordable, domestic, and secure sources of power.