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European-Gas-Tracker-2024

European over investing in natural gas and LNG infrastructure?

According to data in the European Gas Tracker, European countries are developing 248.7 billion cubic meters per year (bcm/y) in new LNG import capacity and 16,491 kilometers (km) in new gas transmission pipelines, which includes cross-border pipelines capable of importing a further 46 bcm/y of gas into Europe. Europe is developing new liquefied natural gas (LNG) terminals and gas pipelines as if the region were still in crisis, even though it is in a far more secure position than it was two years ago, following Russia’s full-scale invasion of Ukraine.

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Quarterly-natural-Gas-Review

Bearish summer outlook for Europe gas markets

Source: OIES This first edition of the Gas Quarterly for 2024 we review the developments during winter 2023/24 on the European gas market and global LNG market and draw conclusions about the outlook for prices and the supply-demand balance in summer 2024.

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Energy-Europe-From-integration-to-power

Energy Europe: the shift to a low-carbon energy model begins

By implementing the “RePowerEU” emergency plan in response to the necessary phase-out of Russian gas, Europe has further strengthened its efforts to move towards a low-carbon, more sovereign energy model. As the only industrial power of a continental size being dependent on energy from elsewhere, Europe must accept its role as the main creator and prime mover in the global energy market, particularly in the low-carbon sector. It must federate the strengths and needs of European markets, enabling us not only to dictate a few rules, but also to better manage the conditions of access to them.

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weaponisation-of-European-gas

Weaponisation of European gas

This Insight offers an overview of the EU’s evolving energy policy in the face of the energy crisis which followed the Russian illegal invasion of Ukraine, highlighting the critical interplay be-tween legal measures, market dynamics, and geopolitical strategy. In the first section, the Insight will examine the history of the EU policy on gas and its inherent risks, presenting the supply shock which occurred after the invasion February 2022. In the second section, the Insight details the legislative measures adopted under RepowerEU in the field of gas, describing the various approaches such as reducing consumption..

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