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Security of supply: do the long-term incentives apply?

Security of supply: do the long-term incentives apply?. Alan Grant, Executive Director International Association of Oil & Gas Producers. OGP Members. SOS. Gas reserves and potential in Europe and accession countries (BCM). Gas reserves and potential in economic reach of EU (BCM).

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Security of supply: do the long-term incentives apply?

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  1. Security of supply:do the long-term incentives apply? Alan Grant, Executive Director International Association of Oil & Gas Producers

  2. OGP Members

  3. SOS

  4. Gas reserves and potential in Europe and accession countries (BCM)

  5. Gas reserves and potentialin economic reach of EU (BCM)

  6. EU/EEA forecast gas demand

  7. Available export volumes within EU reach

  8. Europe: “surrounded by a sea of gas” Norway Russia Algerian LNG Azerbaijan & Turkmenistan Trinidad LNG Iran Iraq Libya Egypt Nigeria LNG Algeria

  9. Investment drivers • Economic & business environment • Political environment • Infrastructure availability • Resource location • Technology and alternative energy supplies

  10. The role of the EU • Putting energy objectives at the heart of internal policies and foreign relations

  11. Main EU focus areas • Internal stability • Clear & reasonable regulatory regime • Open market competition • Long term vision & contracts • Linking aid & free market development • Effective diplomacy

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