Russia is and will remain the key supplier but norway

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Unformatted text preview: ; big countries like India, China and the US; and organizations such as the Energy Charter Treaty, the European Energy Community, the European Neighbourhood Policy (ENP), the International Energy Agency (IEA), etc. 55 Energy for a Changing World, Directorate-General for Energy and Transport EU, Available on: <ec.europa.eu/energy/energy_policy/index_en.htm>. 44 © Ifri F. Harbo / The European Gas and Oil Market The demand for energy is increasing and if renewable energy sources are not developed, non-renewable fossil fuels (oil, gas and coal) must cover most of the growth. In Europe, natural gas is “the winner” (Austvik, 2003: 230). The sources of supply that shall meet this demand are limited to a few large production areas and fields, many of them at locations far from the market. Russia is and will remain the key supplier, but Norway will also become more important. Russia and Norway will dominate gas exports to Europe. 45 © Ifri F. Harbo / The European Gas and Oil Market Norwegian participation in the European gas and oil market For Norway...
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This document was uploaded on 03/30/2014.

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