{"product_id":"europe-gas-and-lng-market-overview-production-breakdown-usage-by-industry-and-upcoming-projects-2023","title":"Europe Gas and LNG Market Overview, Production Breakdown, Usage by Industry and Upcoming Projects, 2023","description":"\u003cp\u003eEurope Gas and LNG Market Overview, Production Breakdown, Usage by Industry and Upcoming Projects, 2023\u003cbr\u003e\nSummary\u003c\/p\u003e\n\n\n\n\u003cp\u003eThis report provides an analysis behind the decreasing gas production in the European continent, while showing how its reliance on Russian imports had been replaced by the LNG trade from countries such as the United States, Qatar, Algeria, Egypt and Angola.\u003c\/p\u003e\n\n\u003cp\u003eThe declining Norwegian gas production, alongside with the Russia-Ukraine conflict is causing the European continent to rely heavily on LNG imports, mainly from the United States and Qatar. As a consequence, Europe strategy will be to increase the regasification capacity to 14,895 billion cubic feet (bcf) by 2030. Additionally, the gas demand in the continent will remain relatively steady at 44.4 billion cubic feet per day (bcfd) by 2028, although its use for power generation will start being replaced by solar and wind energy systems.\u003c\/p\u003e\n\n\u003cp\u003eKey Highlights\u003c\/p\u003e\n\n\u003cp\u003eThe decreasing European gas production will be due to countries like Norway, which currently holds a production 60%, whose most important fields like Skarv, Ormen Lange, and Marting Linge are in declining.\u003c\/p\u003e\n\n\u003cp\u003eIn 2023, the gas demand exceeded the supply, which was of 19.9 bcfd, by 26 bcfd.\u003c\/p\u003e\n\n\u003cp\u003eThe demand itself will slightly decrease by 2028, due to the natural gas being replaced by Solar and Wind energy for power generation.\u003c\/p\u003e\n\n\u003cp\u003eThe continent LNG liquefaction capacity has remaing steady at 5.62 mtpa since 2016. Due to absence of new projects it will remain at the same levels until the end of the decade.\u003c\/p\u003e\n\n\u003cp\u003eEuropean LNG regasification capacity is growing rapidly to fulfill its demand. The main economies exporting gas to Europe, as of 2023, are the United States, Qatar, Russia, Algeria, Egypt, and Angola.\u003c\/p\u003e\n\n\u003cp\u003eScopeAnalysis of European natural gas production by countryAnalysis of Europe's most important active and upcoming natural gas field projectsBreakdown of natural gas production by basinAnalysis of Europe's natural gas demand by country and sector, as well as its use and outlook for power generationDetails of the most important active and upcoming European gas pipeline systemsDetails of the most important active and upcoming European gas underground storage projectsAnalysis of the European LNG liquefaction and regasification capacityDetails of the most important active and upcoming LNG liquefaction and regasification projectsAnalysis of the LNG trade activity in the continentReasons to BuyIdentify the main natural gas producer countries and fields of the European continent.Identify the main natural gas demander countries and energy sectors.Identify the current and upcoming status of European gas pipelines and underground storage.Know the reasons behind the low European LNG liquefaction capacity.Learn about the current and upcoming LNG regasification projects, as well as the main exporters to the continent.\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"July, 2023 \/ 18 Pages \/ MCW16207629","offer_id":47610684801330,"sku":null,"price":3000.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/europe-gas-and-lng-market-overview-production-breakdown-usage-by-industry-and-upcoming-projects-2023","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}