the u.s. natural gas revolution: will europe be ready in time? paolo natali transatlantic academy...
TRANSCRIPT
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
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
Regional natural gas prices
Source: U.S. Energy Information Administration 2012. Argos, Heren, Platts front month prices, 2012.
LNG Terminals in Europe
European natural gas market and main import sources
Source: ENTSO-G, The European Natural Gas Network, March 2012.
The future of the global gas market
Backup Slides
European LNG capacity increasing in the medium term
Today: not huge but significant capacity in a 500bcm market
