The outlook for gas in Europe is characterised by growing uncertainty. There is considerable uncertainty regarding the demand for gas and the role it will play in future European energy systems. Much of this uncertainty relates to the stated environmental targets and the effectiveness of their implementation. As a consequence, demand projections by analysts vary considerably.
This may not give potential suppliers much comfort. On the supply side, two different families of uncertainties can be distinguished: the future supply of pipeline gas, and the ability of Europe to acquire LNG in a global market. This CIEP Energy Paper reviews the different supply options and discusses the future role of LNG for Europe.