Europe’s policy-makers and energy industry finds its self in new territory as it pivots away from Russian gas. Old pipeline projects are being discarded as attention turns to the new infrastructure that needs to be in place to secure gas from elsewhere. The bloc is now competing with Asia for LNG, weighing up the right tactics to buy cargoes, looking at new sources of supply from US, Qatar and beyond and exploring opportunities close to home across North Africa and the East Med.

But will short-term energy security concerns leave much of Europe with a largely redundant insurance policy by the end of the decade as the region transitions away from fossil fuels? Or will gas play a crucial role in its energy mix given questions over the reliability of renewables in the long-term? Are the costs being incurred now worth it to ensure immediate supplies for the next couple of years and how useful will the additional infrastructure be further out? Is gas a primary fuel for Europe, a bridging fuel, a transition fuel or a back-up fuel and over what time period?  And how will Europe approach buying gas from flexible suppliers like the US or more Asian-focused Qatar used to more long-term contracts?  Is there a risk of Europe being underbuilt for the next couple of winters and overbuilt beyond that or is that a false narrative?

Watch this PE Live Webcast on-demand as they solved these questions and went beyond the insights to provide an in-depth analysis of the situation Europe finds itself in.