It has been interesting times for Europe’s gas sector. Since 2007 there has been increasing fears, in Brussels, about the potential threat to EU’s energy security from greater dependency on Russian energy supplies. Gas prices have rocketed to record levels with the 2007 forecast from Eurogas that the EU’s dependency on imported gas would climb from 41% in 2005 to 68% in 2020.
Such forecasts sparked fears that Europe faced the prospect of gas shortages if new pipeline capacity was not urgently given the go-ahead and sparked a series of speculative pipeline proposals to meet the EU’s ever growing anticipated thirst for gas from fields in Siberia, Central Asia, Middle East and Nigeria. http://www.oxfordprospect.co.uk/
http://www.oxfordprospect.co.uk/anendtoeurope’sgascrisis.htm
