European demand for natural gas is likely to surprise on the upside between 2010 and 2015, as new gas turbine power capacity will come on stream, says Bernstein. Sees LNG as the only solution to fuel new power capacity, as European and Norwegian production is expected to decline
European demand for natural gas
is likely to surprise on the upside between 2010 and 2015, as new gas turbine
power capacity will come on stream, says Bernstein. Sees LNG as the only
solution to fuel new power capacity, as European and Norwegian production is
expected to decline, while Gazprom's (GAZP.RS) exports won't rise materially
until 2017 and Algerian output has hit plateau. Expects European gas
consumption to grow at a minimum of 1.8% CAGR between 2010 and 2015, versus
only 0.7% CAGR growth between 2000 and 2009.
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