Current Status and Perspectives of the European Gas Balance
Gas provision and energy policy are complex issues that get the world talking. Nord Stream 2 has captured attention and, as for any new project of this scale, the discussions are vivid and opinions varied. These external reflections provide a snapshot of current research and perspectives on Nord Stream 2 and EU energy provision.
April 10, 2017 | Europe’s demand for gas imports is likely to increase in the coming decades, according to the market study published by Prognos. The in-depth analysis of the European natural gas market outlines potential gas demand scenarios until 2050. Taking into account updated production forecasts, the gas balance concludes that import demand from sources outside the EU are expected to increase, mainly due to declining domestic production and the growing importance of natural gas for power generation. According to the study, Russia and LNG imports are best suited to meet the European demand.
Read the full study here.