European Union natural gas grids and companies are studying the latest report on the conversion of the low calorific gas (L-gas) markets in Belgium, France, Germany and the Netherlands to reduce demand for Groningen gas field supplies to be ended by the Dutch Government because of earth tremor concerns.
Imports of liquefied natural gas to the 28 countries of the European Union averaged 5.1 billion cubic feet per day, increasing for a third consecutive year, though remaining below the 2011 peak with LNG now accounting for just 11 percent of overall EU natural gas supply.
Woodside Petroleum Chief Executive Peter Coleman, whose company has substantial stakes in three Australian LNG plants and is a partner in a US project at Port Arthur in Texas, told the World Energy Conference in Washington DC that investment in strategic natural gas pipelines only gives an illusion of security of supply.