1. 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

2. 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

3. Regional natural gas prices
Source: U.S. Energy Information Administration Argos, Heren, Platts front month prices, 2012.

4. LNG Terminals in Europe

5. European natural gas market and main import sources

6. Source: ENTSO-G, The European Natural Gas Network, March 2012.

7. The future of the global gas market

8. Backup Slides

9. European LNG capacity increasing in the medium term

10. Today: not huge but significant capacity in a 500bcm market