Deportes

Europe’s Dependence On Natural Gas Imports Hits 80%

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 93.26 +3.38 +3.76% Brent Crude • 10 mins 94.51 +3.10 +3.39% Natural Gas • 10 mins 3.965 +0.006 +0.15% Heating Oil • 10 mins 2.914 +0.087 +3.07% Gasoline • 10 mins 2.735 +0.070 +2.63% Louisiana Light • 2 days 92.18 +0.31 +0.34% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 92.18 +0.31 +0.34% Bonny Light • 2 days 94.16 +0.86 +0.92% Opec Basket • 2 days 92.87 +1.03 +1.12% Mars US • 17 hours 87.88 +1.02 +1.17% Gasoline • 10 mins 2.735 +0.070 +2.63% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Marine • 2 days 90.27 +0.94 +1.05% Murban • 2 days 92.74 +1.17 +1.28% Iran Heavy • 2 days 86.52 +0.76 +0.89% Basra Light • 74 days 71.69 -3.60 -4.78% Saharan Blend • 2 days 96.22 +0.79 +0.83% Bonny Light • 2 days 94.16 +0.86 +0.92% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 2 days 94.16 +0.86 +0.92% Girassol • 2 days 94.77 +0.65 +0.69% Opec Basket • 2 days 92.87 +1.03 +1.12% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Canadian Crude Index • 2 days 75.28 +0.13 +0.17% Western Canadian Select • 13 hours 75.78 +0.22 +0.29% Canadian Condensate • 13 hours 92.03 +0.22 +0.24% Premium Synthetic • 13 hours 90.28 +0.22 +0.24% Sweet Crude • 13 hours 88.18 +0.22 +0.25% Peace Sour • 13 hours 85.33 +0.22 +0.26% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 13 hours 85.33 +0.22 +0.26% Light Sour Blend • 13 hours 87.43 +0.22 +0.25% Syncrude Sweet Premium • 13 hours 90.98 +0.22 +0.24% Central Alberta • 13 hours 85.63 +0.22 +0.26% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Louisiana Light • 2 days 92.18 +0.31 +0.34% Domestic Swt. @ Cushing • 2 days 86.25 +0.00 +0.00% Giddings • 2 days 80.00 +0.00 +0.00% ANS West Coast • 3 days 91.96 +0.50 +0.55% West Texas Sour • 2 days 83.83 +0.22 +0.26% Eagle Ford • 2 days 87.78 +0.22 +0.25% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 2 days 87.78 +0.22 +0.25% Oklahoma Sweet • 2 days 86.25 +0.00 +0.00% Kansas Common • 2 days 80.25 +0.25 +0.31% Buena Vista • 2 days 92.07 +0.22 +0.24% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

1D 1M 3M 1Y All Charts Products Discussion Headlines 20 mins Big Oil Books Biggest Cash Flow Since 2008 1 hour Europe’s Dependence On Natural Gas Imports Hits 80% 2 hours Italian Cities Turn Off Lights On Landmarks To Protest High Energy Bills 4 hours Iran Oil Exports Jump Over 1 Million Bpd 22 hours Make Way For The French Nuclear Power Renaissance 23 hours OPEC Sees Bright Prospects For Global Oil Demand This Year 1 day Political Chaos In Libya Threatens Oil Production, Again 1 day Why Canadian Crude Producers Aren’t Sending More Oil To The U.S. 1 day Russia Enjoys $65 Billion Windfall As Oil Rallies 1 day UK Natural Gas Imports To Increase Drastically In Coming Years 2 days JPMorgan: Oil Could Easily Hit $120 If RussiaUkraine Tensions Escalate 2 days White House: No Oil Producer Should Hold Back Supply As Oil Hits $90 2 days New Breakthrough Could Speed Up Nuclear Fusion Development 2 days Democratic Senators Propose Suspending Federal Gas Tax Until End-2022 2 days China’s Hualong One Nuclear Reactor Design Purchased By Argentina 2 days New York Pension Fund To Dump Half U.S. Shale Firms From Its Portfolio 2 days Mexico Energy Bill Could Stop U.S. Climate Plan 3 days Oil Prices Inch Closer To $90 On Surprise Crude Draw 3 days UK To Rely On Oil And Gas Despite Net-Zero Pledge 3 days Tanker Rates Turn Negative As U.S. LNG Flocks To Europe 3 days Indian Coal Mogul Becomes Asia’s Richest Person As He Moves Into Renewables 3 days Biden Threatens End Of Nord Stream 2 If Ukraine Situation Escalates 4 days U.S. Refinery Outages Are Another Headache For Biden 4 days IHS Markit: LNG Can Replace Ukraine Gas Flows To Europe 4 days Saudi Arabia Is Doubling Down On Oil Production 4 days U.S. Gasoline Prices Set To Ease 4 days U.S. Considers Chevron Request To Take, Trade Venezuelan Oil 4 days Energy Crisis Spares No One—Not Even the Queen 7 days Russia To Supply More Gas To China Via New Pipeline 7 days Turkey And Israel Could Work Jointly To Ship Gas To Europe 7 days Chevron In Talks with Venezuela To Boost Oil Production 7 days Russian Diesel Exports To U.S. at Three-Year High 7 days Japan Says Ready To Help Europe With LNG 8 days ConocoPhillips Worried About U.S. Oil Production Growth 8 days Blackrock: Oil Firms With Net-Zero Plans Are An “Under-Appreciated Opportunity” 8 days Ferrari Floored By Rising Commodities Prices 8 days Shell Ready To Ship More Gas To Europe If RussiaUkraine Crisis Escalates 8 days U.S. Refining Output At Stake As Union Prepares To Strike 8 days Texas Grid May Be Showing Signs Of Faltering 9 days Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level 5 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks? 7 minutes Europe gas market -how it started how its going 11 minutes NordStream2 6 hours GREEN NEW DEAL = BLIZZARD OF LIES 8 hours The Fascist Dictatorship called Russia under Dictator for Life Putin 2 hours Biden threatens Putin ” If . . . . no longer a Nord Stream 2 . . bring end to it” 1 hour Why did Russia want Crimea ? Oil ? Why now does Putin want Eastern Ukraine ? 1 day China’s aggression is changing the nature of sovereignty. 18 hours “Yachts To Be Exempt From EU’s Carbon Pricing Plan” – Zero Hedge 3 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World. 4 hours Putin Wants Farmland in the East and sole control of Azov Sea. . . . . Biden “minor incursion alright” 1 day World leaders reach landmark deal on a global corporate tax rate Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Big Oil Books Biggest Cash Flow Since 2008

Find us on:

Fossil Fuel Workers Will Play A Vital Role In The Global Energy Transition The global energy transition is…

Oil Prices Spike On Rumors Russia Is Preparing To Invade Ukraine Oil prices are soaring after…

Home Latest Energy News Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Share Facebook Twitter Linkedin Reddit Related News Why Canadian Crude Producers Aren’t Sending More Oil To The U.S. Russia Enjoys $65 Billion Windfall As Oil Rallies UK Natural Gas Imports To Increase Drastically In Coming Years JPMorgan: Oil Could Easily Hit $120 If RussiaUkraine Tensions Escalate White House: No Oil Producer Should Hold Back Supply As Oil Hits $90 Europe’s Dependence On Natural Gas Imports Hits 80% By Tsvetana Paraskova – Feb 11, 2022, 12:30 PM CST The European Union and the UK have seen their dependence on natural gas imports jump to 80 percent in 2020 from 65 percent in 2010, as regional production plunged, the U.S. Energy Information Administration (EIA) said on Friday. 

The high dependence on gas imports and the low levels of gas in storage have played the main role leading up to the gas and power crisis in Europe, where energy costs have soared over the past few months

In 2020, pipeline natural gas imports into the EU plus the UK region accounted for 74 percent of all natural gas imports, and LNG accounted for the remaining 26 percent of imports, according to EIA data

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 93.26 +3.38 +3.76% Brent Crude • 10 mins 94.51 +3.10 +3.39% Natural Gas • 10 mins 3.965 +0.006 +0.15% Heating Oil • 10 mins 2.914 +0.087 +3.07% Gasoline • 10 mins 2.735 +0.070 +2.63% Louisiana Light • 2 days 92.18 +0.31 +0.34% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 92.18 +0.31 +0.34% Bonny Light • 2 days 94.16 +0.86 +0.92% Opec Basket • 2 days 92.87 +1.03 +1.12% Mars US • 17 hours 87.88 +1.02 +1.17% Gasoline • 10 mins 2.735 +0.070 +2.63% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Marine • 2 days 90.27 +0.94 +1.05% Murban • 2 days 92.74 +1.17 +1.28% Iran Heavy • 2 days 86.52 +0.76 +0.89% Basra Light • 74 days 71.69 -3.60 -4.78% Saharan Blend • 2 days 96.22 +0.79 +0.83% Bonny Light • 2 days 94.16 +0.86 +0.92% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 2 days 94.16 +0.86 +0.92% Girassol • 2 days 94.77 +0.65 +0.69% Opec Basket • 2 days 92.87 +1.03 +1.12% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Canadian Crude Index • 2 days 75.28 +0.13 +0.17% Western Canadian Select • 13 hours 75.78 +0.22 +0.29% Canadian Condensate • 13 hours 92.03 +0.22 +0.24% Premium Synthetic • 13 hours 90.28 +0.22 +0.24% Sweet Crude • 13 hours 88.18 +0.22 +0.25% Peace Sour • 13 hours 85.33 +0.22 +0.26% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 13 hours 85.33 +0.22 +0.26% Light Sour Blend • 13 hours 87.43 +0.22 +0.25% Syncrude Sweet Premium • 13 hours 90.98 +0.22 +0.24% Central Alberta • 13 hours 85.63 +0.22 +0.26% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Louisiana Light • 2 days 92.18 +0.31 +0.34% Domestic Swt. @ Cushing • 2 days 86.25 +0.00 +0.00% Giddings • 2 days 80.00 +0.00 +0.00% ANS West Coast • 3 days 91.96 +0.50 +0.55% West Texas Sour • 2 days 83.83 +0.22 +0.26% Eagle Ford • 2 days 87.78 +0.22 +0.25% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 2 days 87.78 +0.22 +0.25% Oklahoma Sweet • 2 days 86.25 +0.00 +0.00% Kansas Common • 2 days 80.25 +0.25 +0.31% Buena Vista • 2 days 92.07 +0.22 +0.24% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

1D 1M 3M 1Y All Charts Products Discussion Headlines 20 mins Big Oil Books Biggest Cash Flow Since 2008 1 hour Europe’s Dependence On Natural Gas Imports Hits 80% 2 hours Italian Cities Turn Off Lights On Landmarks To Protest High Energy Bills 4 hours Iran Oil Exports Jump Over 1 Million Bpd 22 hours Make Way For The French Nuclear Power Renaissance 23 hours OPEC Sees Bright Prospects For Global Oil Demand This Year 1 day Political Chaos In Libya Threatens Oil Production, Again 1 day Why Canadian Crude Producers Aren’t Sending More Oil To The U.S. 1 day Russia Enjoys $65 Billion Windfall As Oil Rallies 1 day UK Natural Gas Imports To Increase Drastically In Coming Years 2 days JPMorgan: Oil Could Easily Hit $120 If RussiaUkraine Tensions Escalate 2 days White House: No Oil Producer Should Hold Back Supply As Oil Hits $90 2 days New Breakthrough Could Speed Up Nuclear Fusion Development 2 days Democratic Senators Propose Suspending Federal Gas Tax Until End-2022 2 days China’s Hualong One Nuclear Reactor Design Purchased By Argentina 2 days New York Pension Fund To Dump Half U.S. Shale Firms From Its Portfolio 2 days Mexico Energy Bill Could Stop U.S. Climate Plan 3 days Oil Prices Inch Closer To $90 On Surprise Crude Draw 3 days UK To Rely On Oil And Gas Despite Net-Zero Pledge 3 days Tanker Rates Turn Negative As U.S. LNG Flocks To Europe 3 days Indian Coal Mogul Becomes Asia’s Richest Person As He Moves Into Renewables 3 days Biden Threatens End Of Nord Stream 2 If Ukraine Situation Escalates 4 days U.S. Refinery Outages Are Another Headache For Biden 4 days IHS Markit: LNG Can Replace Ukraine Gas Flows To Europe 4 days Saudi Arabia Is Doubling Down On Oil Production 4 days U.S. Gasoline Prices Set To Ease 4 days U.S. Considers Chevron Request To Take, Trade Venezuelan Oil 4 days Energy Crisis Spares No One—Not Even the Queen 7 days Russia To Supply More Gas To China Via New Pipeline 7 days Turkey And Israel Could Work Jointly To Ship Gas To Europe 7 days Chevron In Talks with Venezuela To Boost Oil Production 7 days Russian Diesel Exports To U.S. at Three-Year High 7 days Japan Says Ready To Help Europe With LNG 8 days ConocoPhillips Worried About U.S. Oil Production Growth 8 days Blackrock: Oil Firms With Net-Zero Plans Are An “Under-Appreciated Opportunity” 8 days Ferrari Floored By Rising Commodities Prices 8 days Shell Ready To Ship More Gas To Europe If RussiaUkraine Crisis Escalates 8 days U.S. Refining Output At Stake As Union Prepares To Strike 8 days Texas Grid May Be Showing Signs Of Faltering 9 days Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level 5 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks? 7 minutes Europe gas market -how it started how its going 11 minutes NordStream2 6 hours GREEN NEW DEAL = BLIZZARD OF LIES 8 hours The Fascist Dictatorship called Russia under Dictator for Life Putin 2 hours Biden threatens Putin ” If . . . . no longer a Nord Stream 2 . . bring end to it” 1 hour Why did Russia want Crimea ? Oil ? Why now does Putin want Eastern Ukraine ? 1 day China’s aggression is changing the nature of sovereignty. 18 hours “Yachts To Be Exempt From EU’s Carbon Pricing Plan” – Zero Hedge 3 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World. 4 hours Putin Wants Farmland in the East and sole control of Azov Sea. . . . . Biden “minor incursion alright” 1 day World leaders reach landmark deal on a global corporate tax rate Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Big Oil Books Biggest Cash Flow Since 2008

Find us on:

Fossil Fuel Workers Will Play A Vital Role In The Global Energy Transition The global energy transition is…

Oil Prices Spike On Rumors Russia Is Preparing To Invade Ukraine Oil prices are soaring after…

Home Latest Energy News Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Share Facebook Twitter Linkedin Reddit Related News Why Canadian Crude Producers Aren’t Sending More Oil To The U.S. Russia Enjoys $65 Billion Windfall As Oil Rallies UK Natural Gas Imports To Increase Drastically In Coming Years JPMorgan: Oil Could Easily Hit $120 If RussiaUkraine Tensions Escalate White House: No Oil Producer Should Hold Back Supply As Oil Hits $90 Europe’s Dependence On Natural Gas Imports Hits 80% By Tsvetana Paraskova – Feb 11, 2022, 12:30 PM CST The European Union and the UK have seen their dependence on natural gas imports jump to 80 percent in 2020 from 65 percent in 2010, as regional production plunged, the U.S. Energy Information Administration (EIA) said on Friday. 

The high dependence on gas imports and the low levels of gas in storage have played the main role leading up to the gas and power crisis in Europe, where energy costs have soared over the past few months

In 2020, pipeline natural gas imports into the EU plus the UK region accounted for 74 percent of all natural gas imports, and LNG accounted for the remaining 26 percent of imports, according to EIA data.

The largest pipeline gas supplier is Russia, with over one-third of all the gas the UK and the 27 member states of the EU consume

Despite the construction of new pipelines, imports from Norway – not an EU member – averaged around 9 Bcf/d between 2010 and 2020, as the development of new fields in the Barents Sea of the Norwegian Continental Shelf was insufficient to offset declines from mature fields in the North Sea, the EIA noted

The UK, a major European natural gas producer alongside Norway, could see gas production plunge by 75 percent by 2030 unless new offshore fields are approved and developed, the offshore industry body OGUK says.

Without new investment in new gas fields in the North Sea, the UK will be left more vulnerable to crises, such as the current one between Russia and Ukraine, the industry association noted

According to Fitch Ratings , low inventories, reduced deliveries from Russian giant Gazprom, and increased geopolitical tensions have contributed to the already tight European gas market and prompted the search for additional supplies

“While Europe will remain reliant on Russian gas supplies in the near term, in the longer term this may lead to a more diversified supplier base and faster energy transition,” Fitch said in an analysis this week

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

IEA: Chronic OPEC+ Undersupply Could Propel Oil Prices Even Higher

Geopolitical Risk Premium Could Send Oil Prices To $120

OPEC Gets Further Behind Oil Production Quotas

Join the discussion |