VOL. XLV

No 14

8-April-2002

NATURAL GAS

European Reliance On Gas Imports To Grow Sharply, But Producer ConstraintsRemain

WithEuropean gas demand forecast to grow by 2.8% annually over the next twodecades, demand can be expected to climb to 800BCM/y from the current level of450BCM/y. On the assumption that European gas production stays flat at300BCM/y, gas imports will have to increase to 500BCM/y by 2020 (see graph). Inhis paper to the March Flame European Gas Conference in Amsterdam entitled ...