ENTSOG Gas Regional Investment Plan South 2017 - Main Report

100 %

100 %

Evolution of LNG share in EU-28 imports

Evolution of LNG share in the South Region imports

80

80

60

60

40

40

20

20

0

0

2010

2011

2012

2013

2014

2015

2010

2011

2012

2013

2014

2015

LNG

Pipeline

LNG

Pipeline

Figure 4.3: Evolution of the share of LNG supply to EU and the South Region from 2010 to 2015 (Source: BP Statistical Report and Direção Geral de Energia e Geologia for Portugal)

The South region has traditionally benefited from a highly diversified supply portfolio, in part due to the importance of LNG, which presents the advantage of connecting European markets to the wider world. High LNG prices spread in recent years have however led shippers to do some arbitrage in their supply portfolio. With LNG prices falling worldwide, the share of LNG imports should once again increase in the region.

Image courtesy of Reganosa

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Gas Regional Investment Plan of the South Region 2017