Opportunities and Risks of an Expanded Gas Strategy for the European Energy Supply
SWP Research Paper 2009/RP 02, 15.01.2009, 37 Pages Research AreasFor the foreseeable future the European energy supply will continue to depend on fossil energy carriers. In that context, natural gas has the potential to contribute to saving CO2 emissions. According to this study, an increased utilization of natural gas could avoid approximately 85 million tons of CO2 emissions throughout Europe in the long term. The study shows that an expansion of the natural gas share would be a responsible step towards securing a reliable and competitive energy supply. In the heat markets, 20 percent of fuel oil and 15 percent of solid fuels should be substituted by gas; and 25 percent of European vehicles should be converted to natural gas. However, the study does not support an expansion of natural gas utilization in power generation.
The implementation of a European gas strategy should mainly take into account the following five aspects: