Security of supply: do the long-term incentives apply? Alan Grant, Executive Director International Association of Oil & Gas Producers
OGP Members
SOS
Gas reserves and potential in Europe and accession countries (BCM) CountryReservesDiscovered potential Undiscovered potential Total Norway Netherlands Germany UK Ireland Denmark152-- Austria France8--8 Italy Total EU/EEA Hungary Poland Romania Total AC Total
Gas reserves and potential in economic reach of EU (BCM) AreaReservesDiscovered potential Undiscovered potential Total Africa Middle East FSU Caribbean Total
EU/EEA forecast gas demand
Available export volumes within EU reach
Europe: “surrounded by a sea of gas” Nigeria LNG Trinidad LNG Algerian LNG Russia Algeria Norway Libya Egypt Azerbaijan & Turkmenistan Iran Iraq
Investment drivers Economic & business environment Political environment Infrastructure availability Resource location Technology and alternative energy supplies
The role of the EU Putting energy objectives at the heart of internal policies and foreign relations
Main EU focus areas Internal stability Clear & reasonable regulatory regime Open market competition Long term vision & contracts Linking aid & free market development Effective diplomacy