The author argues that even if gas demand growth in 2015 and 2016 may not necessarily be signs of recovery, the next 5-10 years will/could be different from the longer term ‘future of gas’ debate in Europe.
The Dutch gas market, one of Europe’s key exporters, is at a significant turning point. In 2016, gas production from the Groningen gas field was less than half the volumes produced just three years previously.
The analysis of the present study shows that the gas import demand of the area EU 28 and Switzerland that has to be supplied by "other sources" may increase by 32 billion Sm3 from 2015 to 2020 and by 76 billion Sm3 until 2025.
As indigenous production continues to decline, Europe remains a key target market for natural gas from the Arab region. Key natural gas infrastructre projects are due to come on stream which could the region achieve its objectives.
The context for gas supply to Europe is shifting. Largest security of supply issue - strong dependence on a single external supplier. Six (6) EU states use Russian gas exclusively and 28% of EU gas consumption comes from Russia....