Abundant reserves Global natural gas resources are vast and spread over many regions around the world. Conventional recoverable gas resources are equivalent to over 120 years of current global consumption and all major regions have recoverable resources of over 75 years of consumption.
Liquefied Natural Gas LNG allows access to the global gas resource base, reducing the risk for importing countries to be dependent on a limited number of suppliers, and providing quick access to alternative sources in case of disruption. The LNG industry has a total of around 1,660 billion cubic metres (bcm) available for sale from existing production over the period 2009-2025. In 2010, Europe imported around 82bcm of LNG coming from 13 different origins. The biggest LNG exporting country is Qatar, representing 41% of total LNG supplies to Europe.
New suppliers New pipelines now connect or will soon connect European countries with the Caspian and North Africa, two major producing regions whose gas will reinforce Europe’s security of supply.
Unconventional gas The worldwide potential from unconventional sources of natural gas, such as shale gas, could extend current production by a century or more.
Infrastructure Security of supply can be further enhanced by market interconnection, storage capacity, improved grid interoperability and route flexibility, all achievable through investments in infrastructure. The European gas industry invests billions of euros per year to develop new infrastructure. As new import routes are being built in northern Europe, pipeline corridors are also being studied for the south. Clear political signals are of the utmost importance to ensure that the investments in gas infrastructure are pursued and even accelerated to ensure completion of the internal market and security of supply. Creating a single, liberalized internal energy market in the EU will be a milestone in enhancing security of supply and competitiveness.