The Future Role of Gas – Part 1 – SM
The European gas market has changed dramatically in recent years. While the stake of gas in the region’s energy mix is gradually increasing, the supply and demand imbalance enhanced by low oil and gas prices prevents gas from becoming the dominant energy source in Europe. Nevertheless, in the next 10 years the demand for gas in EU is expected to grow considerably, displacing coal more and more in the future. The discussion around the role of gas in the European energy mix and gas pricing are still at the heart of the commercial and political debate.