Prospects for Gas Supply and Demand and their Implications with Special Reference to the UK

Abstract

Over the next 20 years the gap between gas consumption and production in Western Europe will grow very substantially. Rising consumption and the need for further imports have implications for the provision of adequate infrastructure and the contractual relationships between producers of incremental gas and European buyers. The required investment in both of these activities is taking place in an environment of market liberalization where the pace and extent of regulatory change is difficult to predict. The in…