Europe Gas & LNG Market Outlook 2024

Europe's natural gas supply peaked but is now in decline due to policy shifts favoring renewable energy and reduced reliance on fossil fuel imports. Despite this decline, high industrial gas usage and residential heating needs create favorable conditions for continued exploration and production. Although a rebound in industrial and heating use is anticipated, overall gas demand is projected to decrease, primarily driven by a reduction in gas-powered electricity generation. Renewable energy sources, such as wind and solar, are gradually replacing thermal power, with significant changes expected by 2028, followed by a plateau in the transition. The EU considers natural gas a "transitional energy" source, focusing on a gradual shift from coal to renewables, ensuring relatively stable gas momentum in the short to medium term.

Europe's gas pipeline network, spanning over 160,000 km, is set to expand by an additional 10,662 km by 2030, with major projects enhancing capacity and reliability. European countries are also significantly increasing their regasification capacity by 2025, particularly in response to the Ukraine invasion in 2022. Geopolitical events, such as the Nord Stream pipeline sabotage and Gazprom's decisions impacting the Yamal-Europe pipeline, have accelerated the phase-out of russian gas more than the EU's initiatives. Over the past year, European hub prices remained below Asian spot LNG prices due to high inventory levels and increased piped gas deliveries.

Scope

• Analysis of European natural gas production by country and basin.
• Analysis of Europe’s natural gas demand by country and sector, as well as its use and outlook for power generation.
• Review of Europe’s most important active and upcoming natural gas field projects.
• Details of the most important active and upcoming European gas pipeline systems and underground storage projects.
• Assessment of the European LNG liquefaction and regasification capacity. and upcoming regasification projects.
• Analysis of the LNG trade activity in the continent.
• Assessment of Europe's phase-out of Russian gas
• Overview of the EU's Energy Transition Policies affecting the Natural Gas market

Reasons to Buy

How is the ‘Europe Gas and LNG Market’ report different from other reports in the market?

Businesses need to have a deeper understanding of the market dynamics to gain a competitive edge in the coming decade. The report’s in-depth analysis and market insights will enable you to:

• Identify the main natural gas-producing countries and fields in the European continent.
• Discover the main natural gas demander countries and energy sectors.
• Access the current and upcoming status of European gas pipelines and underground storage.
• Explore 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.

We recommend this valuable source of information to anyone involved in:

• Business Development and Market Intelligence
• Investment Analysts and Portfolio Managers
• Professional Services - Investment Banks, PE/VC firms
• M&A/Investment, Management Consultants, and Consulting Firms​
• Oil & Gas and LNG Producers/Service Providers

​​- Contractors/Engineers and Equipment/Materials Suppliers

• Upstream, Midstream & Downstream Producers/ Technology Suppliers