the u.s. natural gas revolution: will europe be ready in time? paolo natali transatlantic academy...
TRANSCRIPT
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The U.S. natural gas revolution:will Europe be ready in time?
Paolo NataliTransatlantic AcademyThe German Marshall Fund of the United States
Washington DC, 25 April 2012
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Summary
• The new global gas glut and Europe’s position
• Market structures as functions of the past
• Infrastructure vs governance in the European network
• What policy options for Europe?
• Policy recommendations
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Regional natural gas prices
Source: U.S. Energy Information Administration 2012. Argos, Heren, Platts front month prices, 2012.
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LNG Terminals in Europe
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European natural gas market and main import sources
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Source: ENTSO-G, The European Natural Gas Network, March 2012.
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The future of the global gas market
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Backup Slides
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European LNG capacity increasing in the medium term
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Today: not huge but significant capacity in a 500bcm market
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