ENTSOG Gas Regional Investment Plan South 2017 - Main Report

SHARE OF THE LNG WORLD MARKET IN 2015 (%)

WORLD

EU27

SOUTH REGION

Algeria

5%

3%

3%

Equatorial Guinea

2%

0%

0%

Nigeria

8%

2%

2%

Norway

2%

1%

0%

Trinidad & Tobago

5%

0%

0%

Atlantic Basin

22%

6%

5%

Abu Dhabi

2%

0%

0%

Oman

3%

0%

0%

Qatar

32%

8%

1%

Yemen

1%

0%

0%

Middle East

38%

8%

1%

Australia

12%

0%

0%

Brunei

3%

0%

0%

USA

0%

0%

0%

Indonesia

7%

0%

0%

Malaysia

10%

0%

0%

Papua New Guinea

3%

0%

0%

Peru

1%

0%

0%

Russia

4%

0%

0%

Pacific Basin

40%

0%

0%

Total

100%

14%

6%

Table 4.1: Share of each country as a supplier in trade for the World, EU-27, and the South Region (Source: GIIGNL 2016 report)

Given the EU’s highly developed regasification capacities of 213bcm/year, LNG is a reliable way to increase diversification of sources and ensure security of supply. In its communication from February 2016, on LNG and gas storage strategy, the EU commission confirmed its aim to improve access of all Member States to LNG as an alternative source of gas.  1) This goal was confirmed by a Resolution   2) from European Parliament on 25 October 2016, who underlined that priority should be given to market-based solutions.

 1) https://ec.europa.eu/energy/sites/ener/files/documents/1_EN_ACT_part1_v10-1.pdf  2) http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+TA+P8-TA-2016-0406+0+DOC+XML+V0//EN

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Gas Regional Investment Plan of the South Region 2017