2017 European Gas Resources Report: Plenty Left and More to Find

With 5100 billion cubic metres (bcm) of known remaining natural gas resources, Europe has enough gas to meet around half of its own demand for another 25 years.

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Description

As the EU pushes ahead with its energy & climate agenda, it will need a broad range of cleaner energy sources including natural gas if it is to retain its leadership in emission reductions in a carbonconstrained world.

The International Association of Oil & Gas Producers (IOGP) asked the international energy consultancy Wood Mackenzie to conduct an analysis of remaining gas volumes in Europe. The main
findings of the report are summarized in this factsheet.

The responsible exploration and development of Europe’s gas resources has the potential to secure energy supply, skilled jobs and government revenues for decades to come.

With 5100 billion cubic metres (bcm) of known remaining natural gas resources, Europe has enough gas to meet around half of its own demand for another 25 years.

Additional information

Theme

Report Number

EU1001

Document type

Fact sheet

Publication Date

2017