The U.S. natural gas revolution: will Europe be ready in time? Paolo Natali Transatlantic Academy The German Marshall Fund of the United States Washington DC, 25 April 2012 pnatali@transatlanticacademy.org
Summary The new global gas glut and Europe’s position Market structures as functions of the past Infrastructure vs governance in the European network What policy options for Europe? Policy recommendations
Regional natural gas prices Source: U.S. Energy Information Administration 2012. Argos, Heren, Platts front month prices, 2012.
LNG Terminals in Europe
European natural gas market and main import sources
Source: ENTSO-G, The European Natural Gas Network, March 2012.
The future of the global gas market
Backup Slides
European LNG capacity increasing in the medium term
Today: not huge but significant capacity in a 500bcm market