Presented at GasTech Centre of Technical Excellence 23 March 2011
David Haynes, GL Noble Denton
For many years now Europe has been dependant on natural gas supplied by pipeline from some local indigenous sources but principally from Russia and the North Sea. Now both the local on-shore and North Sea are in decline and whilst the recent push to develop new sources from shale gas reserves will go some way to fill the gap, with the growth in demand the ‘hole’ to be filled grows ever larger. There is also the issue of security of supply and the wish of many consumers to have several potential secure sources of gas.
Is this a developing opportunity for LNG imports from many sources in the Atlantic Basin and Middle East to fill the supply gap? The past 10 years has seen the development of many LNG import terminals by Gas Suppliers, Gas Distributors and Merchant Operators. This paper will review these developments and look to potential future opportunities and initiatives.
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