Long-term outlook in Europe could play havoc with gas demand for suppliers

摘要

THE conversation around future gas demand in Europe has so far focused on providing short-term forecasts, as a multitude of moving political parts have made it difficult to do anything but guess longer-term. This, however, has not deterred gas sellers from eyeing Europe for their future supplies. Only this week, at a conference in Vienna, producers were debating what ratio of natural gas versus liquefied natural gas Europe might have in its future energy mix. Now, it's true that across Europe, gas production is falling much faster than previously expected, with the giant Groningen field in the Netherlands set to shut by 2030 and output from other major producing fields in the region entering natural decline.