Abstract
Overview
Introduction
As gas consumption increases throughout Europe, more efficient interconnection
capacity is needed. By analysing the present state of the European gas market,
it is possible to understand exactly what is required to achieve higher
interconnection capacity.
Scope
- Insight and analysis of forecasted developments in European gas demand.
- A detailed investigation into the major import pipeline investments taking
place in Europe.
- A comparison of major European energy markets and their level of
development in terms of gas interconnection capacity.
Highlights
Italy has a large gas market, and the country is undertaking significant
investments in future import capacity. Investment in interconnection capacity
is insufficient to keep pace, however, which will limit Italy' s ability to
serve as a transportation hub for neighbouring markets.
Because of falling domestic gas production, European gas imports are projected
to increase from 61% in 2005 to 80% by 2030. Investment in import capacity
will be vital to facilitate this increasing import scenario.
Without adequate investment in storage facilities, efficient gas use and
transportation will be compromised. With gas penetration increasing,
utilization of storage capacity is key to mitigating the effects of demand
fluctuations.
Reasons to Purchase
- Understand how the Nord Stream project will positively influence the north
European gas market.
- Gain insight into the increasingly significant role of Africa in supplying
Europe with natural gas.
- Identify how established and highly developed bi-directional
interconnectors closely follow market signals.