Sunday, February 27, 2011

Russia Sending Natural Gas to Europe

PRLog – Feb 25, 2011 – Historically, Europe has been one of the leading consumers of natural gas, though in recent years, the natural gas consumption has been declining. Decline in consumption has been a result of economic slowdown, due to recession and a conscious attempt by European Union to cut it natural gas consumption, of which a substantial amount comes from Russia. And worrying part remains that there are very few alternatives for Europe to Russian gas supplies. According to IEA’s estimates, the current European energy imports of 50% are projected to rise to 70% by 2030. This means, the current share of Russian supply, which makes almost half of Europe’s natural gas imports, is likely to increase over next two decades. Synergyst’s “Future of European Natural Gas Market (2011-2015)” explores the current situation of natural gas imports in Europe, role of Russia in those supplies and an analysis of alternatives to Russian supplies. 

Report Coverage and Highlights

- Report discusses the overall economic condition in Europe and analyzes Current electricity production, consumption and trade Trends and projects future economic growth and energy demand and supply.

- European gas market is evaluated in detail with Current demand and supply scenario and future projection for the same.

- Importance of Russian gas supply is analyzed with emphasis on European imports and estimates for future Russian production and export. Role of Gazprom is also looked into in detail.

- Natural gas demand and supply Trends and import dependency are examined for leading European Countries and future recommendations are presented. Countries analyzed include Belgium, Czech Republic, France, Germany, Hungary, Italy, Netherlands, Poland, Spain and United Kingdom.

- Also discussed is the situation in Countries that are highly dependent on Russian Natural gas supplies. These include Austria, Bulgaria, Estonia, Finland, Greece, Latvia, Lithuania, Poland, Romania and Slovakia.

- Issues like monopolistic attitude of Gazprom, geopolitical disturbance in the region and rising costs are discussed in detail to highlight the Importance of Europe looking elsewhere for gas supplies.

- In-depth evaluation of alternative supply options is presented along with our recommendations for future choices. 

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