{"id":43739,"date":"2019-02-12T07:37:51","date_gmt":"2019-02-12T12:37:51","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43739"},"modified":"2019-02-12T07:37:56","modified_gmt":"2019-02-12T12:37:56","slug":"this-is-just-the-beginning-of-europes-gas-war","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43739","title":{"rendered":"This Is Just The Beginning Of Europe\u2019s Gas War"},"content":{"rendered":"\n

This Is Just The Beginning Of Europe\u2019s Gas War<\/a><\/h3>\n\n\n\n
\"Globe\"\/<\/figure>\n\n\n\n

In a move that should not surprise energy pundits nor even those that follow geopolitical news in Europe, on Thursday Russian gas giant Gazprom said it\u2019s looking to gain an even larger gas market share in Europe following record-high 2018 exports, as it expects a decline in Europe\u2019s gas output combined with rising demand. Last year Gazprom sold more than 200 billion cubic meters (bcm) of natural gas to Europe, including Turkey, while its gas market share in the region rose to more than a third, Reuters said <\/a>in a report on the matter.<\/p>\n\n\n\n

Elena Burmistrova, in charge of the Gazprom\u2019s exports, said the company would be able to offset a production decline in the EU, mainly at the Netherlands\u2019 Groningen, once Europe\u2019s largest natural gas field. \u201cNorth Sea production is also gradually declining … So, the space for Russian gas is being freed up,\u201d she said on the sidelines of the European Gas conference in Vienna.<\/p>\n\n\n\n

Future gas wars<\/strong><\/p>\n\n\n\n

Gazprom\u2019s statement comes as EU gas production is projected to spiral downward over the next 12 years. Regardless of possible development of non-traditional gas resources, production will decline by 43% against the 2013 level, Russia\u2019s National Energy Security Fund (NESF) said recently. <\/a> Moreover, the Paris-based International Energy Agency (IEA) forecasts that EU gas production will halve by 2040.<\/p>\n\n\n\n

This dwindling production also comes as a number of EU states are poised to break away from over-reliance on both nuclear and coal needed for power generation, leaving opportunities for renewables, particularly solar and wind power, as well as liquefied natural gas (LNG) imports. However, all of these sources will take more time and funding to develop before they can add a more significant percentage of the bloc’s energy mix going forward.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

This Is Just The Beginning Of Europe\u2019s Gas War In a move that should not surprise energy pundits nor even those that follow geopolitical news in Europe, on Thursday Russian gas giant Gazprom said it\u2019s looking to gain an even larger gas market share in Europe following record-high 2018 exports, as it expects a decline […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[349,352,554,3331,23083,694,18992],"class_list":["post-43739","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-gas","tag-gazprom","tag-natural-gas","tag-north-sea","tag-oil-price-com","tag-russia","tag-tim-daiss"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43739"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43739\/revisions"}],"predecessor-version":[{"id":43740,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43739\/revisions\/43740"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}