SL.02 LNG’s Role in Europe’s Long-Term Energy Security
Monday 10 July 2023
Spotlight | Autmun Sessions | West level 2, Rooms 211-214
LNG markets, Energy Security and Decarbonisation , Commercial Stimulii , Downstream Infrastructure and Applications , Clear Filters - See Full Programme
Energy security is an essential component of Europe’s economic prosperity, industrial and commercial activity. Natural gas accounts for over 20% of the EU’s primary energy mix and is the dominant fuel for household energy use. With domestic gas production reduced over the last decade, the EU has becoming increasingly dependent on imported gas to meet about 80% of its needs. As a result, securing reliable and affordable supply is essential for the region’s energy security. With supply from Russia looking increasingly uncertain, energy security is back in focus, even as the EU tries not to take their eyes off their decarbonization goals. How can they work with high accountability partners to ensure the long-term resilience of their energy system?