Europe Gas and LNG Market Overview, Production Breakdown, Usage by Industry and Upcoming Projects, 2023
Description
Europe Gas and LNG Market Overview, Production Breakdown, Usage by Industry and Upcoming Projects, 2023
Summary
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behind the decreasing gas production in the European continent, while showing how its reliance on Russian imports had been replaced by the LNG trade from countries such as the United States, Qatar, Algeria, Egypt and Angola.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.
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.
European LNG regasification capacity is growing rapidly to fulfill its demand. The main economies exporting gas to Europe, as of 2023, are the United States, Qatar, Russia, Algeria, Egypt, and Angola.
Scope
Summary
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behind the decreasing gas production in the European continent, while showing how its reliance on Russian imports had been replaced by the LNG trade from countries such as the United States, Qatar, Algeria, Egypt and Angola.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.
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.
European LNG regasification capacity is growing rapidly to fulfill its demand. The main economies exporting gas to Europe, as of 2023, are the United States, Qatar, Russia, Algeria, Egypt, and Angola.
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
- 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
18 Pages
- 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 GlobalData
- List of Tables
- Table 1: Upcoming Natural Gas projects in
- 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
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