The Eemshaven FSRU in the Netherlands
Europe’s gas security strategy may not be 2024 ready
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
Europe’s gas strategy lies somewhere between revolution and evolution: this was the message from Petroleum Economist’s European Gas Strategy event in London in November. A reconfiguration of flows towards the US and other sources of LNG suggests revolution, but not having fully weaned off Russian pipeline gas signals evolution. A rapid shift in new capacity again points to a seismic shift in approach, but the fact that many of the new units are floating facilities points to flexibility and optionality. A lot of the buying behaviour has been due to market forces, but policymakers have been much more involved in projects and storage. Some of the political moves to build out infrastructure have
Also in this section
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
