1. Security of supply: do the long-term incentives apply? Alan Grant, Executive Director International Association of Oil & Gas Producers

2. OGP Members

3. SOS

4. Gas reserves and potential in Europe and accession countries (BCM) CountryReservesDiscovered potential Undiscovered potential Total Norway2632147225106344 Netherlands14343043332071 Germany343296100739 UK11615678782606 Ireland281100129 Denmark152-- Austria2451948 France8--8 Italy18241174397 Total EU/EEA56942686411412494 Hungary732250145 Poland8565100250 Romania200177200577 Total AC358264350972 Total60522950446413466

5. Gas reserves and potential in economic reach of EU (BCM) AreaReservesDiscovered potential Undiscovered potential Total Africa65444942724018726 Middle East15410337602395073120 FSU32960149062983077696 Caribbean85014211002092 Total557645375062120171634

6. EU/EEA forecast gas demand

7. Available export volumes within EU reach

8. Europe: “surrounded by a sea of gas” Nigeria LNG Trinidad LNG Algerian LNG Russia Algeria Norway Libya Egypt Azerbaijan & Turkmenistan Iran Iraq

9. Investment drivers Economic & business environment Political environment Infrastructure availability Resource location Technology and alternative energy supplies

10. The role of the EU Putting energy objectives at the heart of internal policies and foreign relations

11. Main EU focus areas Internal stability Clear & reasonable regulatory regime Open market competition Long term vision & contracts Linking aid & free market development Effective diplomacy