Europe’s gas supply/demand gap will widen as domestic supply levels fall. However, while some changes in the region’s import mix are expected to be seen in the short to mid-term, more substantial shifts in supply look likely to be a longer-term prospect. Russia’s share of Europe’s supply is expected to be maintained while material influxes of LNG are not anticipated to be seen this decade.
GGA expects gas demand in OECD Europe – excluding Turkey – to rise by around 2% on an annual basis...
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