Europe's gas import dependence to grow to 80 % by 2030

Jun 05, 2006 02:00 AM

Europe's dependence on natural gas imports will increase to 80 % by the year 2030 from the current 48 %, the Dutch economic affairs minister said.
Speaking at the 23rd World Gas Conference, Laurens Jan Brinkhorst also said the share of liquefied natural gas in world gas trade would rise to 50 %. He urged greater openness and transparency on the energy market, adding that one major precondition for that openness was giving Russia access to the European market on an equal, non-discriminatory basis.

He said collaboration between energy producers and consumers was crucial for the balanced development of energy markets.
President Vladimir Putin rejected criticism that Russia was an allegedly unreliable energy supplier. He also proposed that foreign partners seek solutions that would increase trust and boost energy cooperation in the light of a controversy that has surrounded Russia since energy giant Gazprom cut off gas supplies to Ukraine in January.

US Vice President Dick Cheney accused Russia in May of using its energy resources to blackmail neighbouring nations. But Putin defended Russia's position.
"We are not imposing anything," he said. "We have resources and offer them, and you need them."

Speaking ahead of the world gas conference, a spokesman for Russian natural gas monopoly Gazprom said the company would raise the issue of Russian gas transit to European consumers via Ukraine.
"In the course of our contacts [in Amsterdam], we will also discuss this matter," Sergei Kupriyanov said after being asked whether Gazprom was going to warn its partners about possible interruptions to Russian gas supplies.

Source: RIA Novosti
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences