The Eemshaven FSRU in the Netherlands
Europe’s gas security strategy may not be 2024 ready
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
Europe’s gas strategy lies somewhere between revolution and evolution: this was the message from Petroleum Economist’s European Gas Strategy event in London in November. A reconfiguration of flows towards the US and other sources of LNG suggests revolution, but not having fully weaned off Russian pipeline gas signals evolution. A rapid shift in new capacity again points to a seismic shift in approach, but the fact that many of the new units are floating facilities points to flexibility and optionality. A lot of the buying behaviour has been due to market forces, but policymakers have been much more involved in projects and storage. Some of the political moves to build out infrastructure have
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
