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
4 December 2024
Associated gas from legacy oil basins could offer a new lease of life to wobbling shale gas production and cement US powerhouse status
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
