Europe redraws lines on gas infrastructure map
The continent’s gas revamp looks to both LNG and nearby pipelines
Europe looked in a bind in 2022 as falling Russian imports caused gas prices to skyrocket. Infrastructure that had been built over decades to transport gas from Siberia to consumers in the EU was disabled or shut down in less than a year. More than 12 months after Russia’s invasion of Ukraine, the good news is Europe looks to be doing what is required to replace that infrastructure. The map of the continent’s gas infrastructure is set to be redrawn over the next few years as LNG terminals sprout up and pipelines are built to support and supplement the new gas imports. Russian gas imports fell precipitously last year, dropping from 167bn m³ in 2021 to 85bn m³ in 2022, with the remaining gas a
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026