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.