{"id":676,"date":"2013-10-21T12:19:52","date_gmt":"2013-10-21T12:19:52","guid":{"rendered":"http:\/\/www.globalbuzz.net\/europe\/?p=676"},"modified":"2013-10-21T12:19:52","modified_gmt":"2013-10-21T12:19:52","slug":"natural-gas-boom-in-europe","status":"publish","type":"post","link":"https:\/\/www.globalbuzz.net\/europe\/news\/natural-gas-boom-in-europe","title":{"rendered":"Natural Gas Boom in Europe"},"content":{"rendered":"

“A new golden age is just arriving” for independent suppliers to Europe such as the Norwegian giant Statoil, Deutsche Bank argues in a new report.<\/p>\n

“With indigenous gas production in steady decline, Norwegian output at peak, gas storage levels at five-year lows, and the start-up of material Asian-focused LNG capacity unlikely to begin in earnest for another 12-18 months, European gas pricing looks increasingly to be balanced on a knife\u2019s edge.<\/p>\n

With indigenous supply declining and LNG being diverted to Japan to supply its huge need for imported energy following the nuclear shutdown, the market \u201clooks poised to see prices breaking to the upside\u2026<\/p>\n

\u201cAfter five years during which, perhaps deluded by the promise of unconventional gas, the continent\u2019s utility buyers and aggregators have been reluctant to commit to new supply, be it LNG or pipeline gas, we question where a recovering Europe will source its much-needed future supplies.\u201d<\/p>\n

With the unpromising outlook for European unconventional gas (from shale and coal), instability of supply from North Africa, and additional flows from the Caspian unlikely for some years (even then, set at a \u201cpaltry\u201d 10 billion cu.m), options have narrowed.<\/p>\n

LNG imports from the US are going to be \u201cmuch needed if Russia\u2019s ever-growing dominance [in Europe] and high pricing is to be contained.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

“A new golden age is just arriving” for independent suppliers to Europe such as the Norwegian giant Statoil, Deutsche Bank argues in a new report.<\/p>\n","protected":false},"author":1,"featured_media":677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4,37,1,1077],"tags":[1211,1244,304,1209,1210,1212],"class_list":["post-676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-news","category-views","tag-boom","tag-business","tag-europe","tag-forecast","tag-natural-gas","tag-statoil"],"_links":{"self":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts\/676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/comments?post=676"}],"version-history":[{"count":1,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts\/676\/revisions"}],"predecessor-version":[{"id":678,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts\/676\/revisions\/678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/media\/677"}],"wp:attachment":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/media?parent=676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/categories?post=676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/tags?post=676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}