EU dependence on gas import may exceed 70 percent

Oil&Gas Materials 22 August 2009 11:55 (UTC +04:00)

Azerbaijan, Baku, Aug.4 / Trend A.Badalova /

Dependence of the EU on gas imports may increase to 77 percent due to the high growth in demand for primary gas (14 percent) and under the moderate oil prices by 2020, the EU report on energy market said.

According to the report, by this time, the EU dependence on oil imports may reach 93 percent. The main cause of the high dependence on imports is the lack of alternative sources of energy, especially in the transport sector.

Oil will remain the most important fuel in the EU energy due to the limited opportunity for the replacement until 2020.

By 2020, under the high prices the share of gas will decline to 23 percent, while the share of renewable energy sources will increase to 10 percent for this period.

Europe has always depended on external energy supplies. With the oil prices above $100 per barrel, by 2020, this dependence is expected to increase to 56 percent from 54 percent in 2008.

Energy security is the primary goal of the EU, which will enable to ensure its economic development. The EU becomes more dependent on the external world to meet its energy needs, the report said.

Under more moderate oil prices (for example, $61 per barrel, in 2020, the EU dependence on external supply is expected to be slightly higher - 59 percent due to high demands for fossil fuels.

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