The most important of these assets has been natural gas, an energy source that has become increasingly important in the growing market. In fact, many key energy forecasters are predicting that natural gas is set to become the fastest growing primary energy source in Europe over the next two to three decades.
Over the last 20 years the practice of locating and developing natural gas as a viable energy source has transformed dramatically. Not only has an infrastructure been developed that is capable of effectively sourcing, transporting and using gas grown rapidly, but increasing awareness of the environment and global climate change means that natural gas – often described as the cleanest fossil fuel – is continuing to gain popularity.
And whilst European gas production has been steadily growing in recent decades, this demand, and the predicted pace of growth means that it is essential to continue to build an efficient, effective and economically viable gas infrastructure to serve European requirements. Chiefly, this means the development and establishment of further gas storage facilities across Europe, LNG plants, FPSOs for transportation and of course, the continued development of the pipelines that are used to import the gas from regions outside of Europe.
This last point is the most important, as Western Europe is estimated to hold close to only five per cent of the world’s total known gas reserves. With this in mind, one of the key aspects facing the development of gas infrastructure is security of supply - the means of importing the gas required to meet energy demand. Western Europe already has a considerable number of pipelines importing gas from regions such as Africa, Norway and Russia, and continued developments have seen new projects such as Nord Stream, which will be the world’s longest subsea pipeline, and responsible for transporting much of Europe’s requirements from the immense fields in Russia.
In the following pages we take an in-depth look at some of our profile companies involved in the gas infrastructure sector. Talking to senior figures at the businesses, we highlight some of the main issues facing the European gas market. Challenges such as securing future supply, fluctuating costs and demands in the market, and maintaining an efficient and effective operational model are discussed in order to analyse the future of European gas energy.
Read on to discover more from the following companies:Linde EngineeringStorengyE.ON Gas StorageGasunie ZuidwendingRWE Gas StorageRMG Group