EU countries to increase gas demand more than 40 %

Nov 19, 2008 01:00 AM

Eurogas forecast the increase in gas demand of the EU countries by 43 % -- to 625 mm tons of the oil equivalent in 2030 from 438 mm tons of the oil equivalent in 2005.
The report designed by the "Long-term perspective of gas demand and supply to 2030" organization says the share of the natural gas demand in Europe will increase to 30 % in 2030 compared to 245 in 2005.

To 2030, Eurogas expects the increase of gas sale in the communal and commercial sectors totally by 0.4 % -- to 194 mm tons of oil equivalent. The gas sale in the industrial sector, according to expectations of Eurogas, will increase by 1 % -- to 156 mm tons of oil equivalent to 2030.
The largest increase in the gas consumption will occur through the production of electricity, which will increase to 239 mm tons of oil equivalent in 2030 to 123 mm barrels of oil equivalent in 2005. Annual growth in this sector for the period amounted to 2.7 %, which means that electricity production will increase its share from 28 % in 2005 to 38 % in 2030.

While gas demand will increase by 43 % in Europe by 2030, domestic production will decline. Today, gas production in the Old World (including Norway) represents 59 % of supplies to EU markets. By 2020, according to the expectations of Eurogas, the production of the "blue fuel" reduced by one third, but by 2030 -- by 4/1.
The liquefied natural gas in the long term, according to Eurogas, could amount to 25 % of total EU gas supplies. During this period, the European gas sector, including exploration and development, the transfer, infrastructure and liquefied natural gas storage capacity would require investment of EUR 221 bn.

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