EU Gas Demand
, by E3G Euan Graham , Kamila Godzinska]
is implementing an ambitious package of measures to reduce its reliance on EU Russian gas, targeting both supply and demand. REPowerEU will accelerate the ’s move away from reliance on gas imports over the next decade. EU
When it comes to
U.S. gas exports, while this will lead to an increased reliance on liquefied natural gas (LNG) in the short term, the outlined strategy doesn’t imply any long-term LNG market growth. The U.S. can supply Europe with sufficient without building new LNG infrastructure. New findings show that, with clean technologies and energy efficiency, gas demand will decline before newly proposed projects are actually completed — 15-20 years — and long payback periods mean EU export projects may never recover the capital LNG investment.
Indicative construction and payback timelines for new terminals, contrasted to additional LNG demand set out in LNG REPowerEU. demand between 2025 and 2030 reflects the potential of increased action on demand-side as set out by LNG . E3G
Read the full briefing [archived PDF] on the future of gas demand. EU
By Georg Zachmann
Concern is growing in the
European Union that a rapprochement between Russia and China could have negative implications for the . EU
We argue that energy relations between the
and EU Russia and between China and Russia influence each other. We analyze their interactions in terms of four areas: oil and gas trading, electricity exchanges, energy technology exports and energy investments.
We discuss five key hypotheses that describe the likely developments in these four areas in the next decade and their potential impact on
There is no direct competition between the and EU China for Russian oil and gas. China and the both have an interest in curbing excessive Russian energy rents. EU The , EU Russia and China compete on the global energy technology market, but specialize in different technologies. Intercontinental electricity exchange is unlikely. Russia seems more worried about Chinese energy investments with strategic/political goals than about EU investments.
full report [Archived PDF].