This report provides an analysis behind the decreasing gas production in the European continent, while showing how its reliance on Russian imports had been replaced by the LNG trade from countries such as the United States, Qatar, Algeria, Egypt and Angola.
The declining Norwegian gas production, alongside with the Russia-Ukraine conflict is causing the European continent to rely heavily on LNG imports, mainly from the United States and Qatar. As a consequence, Europe strategy will be to increase the regasification capacity to 14,895 billion cubic feet (bcf) by 2030. Additionally, the gas demand in the continent will remain relatively steady at 44.4 billion cubic feet per day (bcfd) by 2028, although its use for power generation will start being replaced by solar and wind energy systems.
The declining Norwegian gas production, alongside with the Russia-Ukraine conflict is causing the European continent to rely heavily on LNG imports, mainly from the United States and Qatar. As a consequence, Europe strategy will be to increase the regasification capacity to 14,895 billion cubic feet (bcf) by 2030. Additionally, the gas demand in the continent will remain relatively steady at 44.4 billion cubic feet per day (bcfd) by 2028, although its use for power generation will start being replaced by solar and wind energy systems.
Key Highlights
- The decreasing European gas production will be due to countries like Norway, which currently holds a production 60%, whose most important fields like Skarv, Ormen Lange, and Marting Linge are in declining.
- In 2023, the gas demand exceeded the supply, which was of 19.9 bcfd, by 26 bcfd.
- The demand itself will slightly decrease by 2028, due to the natural gas being replaced by Solar and Wind energy for power generation.
- The continent LNG liquefaction capacity has remaing steady at 5.62 mtpa since 2016. Due to absence of new projects it will remain at the same levels until the end of the decade.
Scope
- Analysis of European natural gas production by country
- Analysis of Europe's most important active and upcoming natural gas field projects
- Breakdown of natural gas production by basin
- Analysis of Europe's natural gas demand by country and sector, as well as its use and outlook for power generation
- Details of the most important active and upcoming European gas pipeline systems
- Details of the most important active and upcoming European gas underground storage projects
- Analysis of the European LNG liquefaction and regasification capacity
- Details of the most important active and upcoming LNG liquefaction and regasification projects
- Analysis of the LNG trade activity in the continent
Reasons to Buy
- Identify the main natural gas producer countries and fields of the European continent.
- Identify the main natural gas demander countries and energy sectors.
- Identify the current and upcoming status of European gas pipelines and underground storage.
- Know the reasons behind the low European LNG liquefaction capacity.
- Learn about the current and upcoming LNG regasification projects, as well as the main exporters to the continent.
Table of Contents
- Executive Summary
- Europe Natural Gas Outlook
- European Natural Gas Market Overview - Supply and Demand
- European Gas Demand and Power Generation
- Natural Gas Supply Outlook for Europe
- Europe Overview -Natural Gas Production Breakdown
- Upcoming Natural Gas projects in Europe
- Natural Gas Midstream in Europe
- Gas pipelines in Europe
- European underground gas storage
- LNG Plants and Trade Activity in Europe
- LNG liquefaction plants in Europe
- LNG regasification plants in Europe
- Upcoming LNG regasification projects
- Europe LNG trade activity
- About the Publisher
Table 1: Upcoming Natural Gas projects in Europe
Table 2: Top 5 active gas pipelines in Europe
Table 3: Top 5 planned and announced gas pipelines in Europe
Table 4: Top 5 active gas storage projects
Table 5: Top 5 planned and announced gas storage projects
Table 6: European LNG regasification most important active plants
Table 7: European LNG regasification most important upcoming plants
List of Figures
Figure 1: Europe's Natural Gas Supply by Country
Figure 2: Europe's Natural Gas Demand by Country
Figure 3: Europe Natural Gas Demand by Sector
Figure 4: Europe Power Generation Installed Capacity
Figure 5: Europe Natural Gas Production Breakdown by Resource Type
Figure 6: Natural gas production by basin
Figure 7: European pipeline length distribution
Figure 8: LNG liquefaction capacity by plant (mtpa)
Figure 9: 2030 LNG liquefaction capacity share by country
Figure 10: European LNG regasification capacity by country and most important plants
Figure 11: European LNG regasification capacity outlook by country and most important plants
Figure 12: LNG imports by country
Figure 13: Share (%) of main LNG exporting countries to Europe
