PETE 4200 PROJECT

#1:
EUROPE AND EURASIA

John Gorrell
Blaine Pelton
Caleb Davidson

Annual Production

In 2009 Europe had a total annual production of

10,516 BCF
The top producers of natural gas in Europe were
Norway, the Netherlands, and the UK with 3,654,
2,785, and 2,087 BCF respectively
Eurasia produced 25,818 BCF of natural gas in 2009
Russia was the top producer in the region by far with
a production of 20,610 BCF
By the year 2035 Europe is projected to be
producing only about 8,300 BCF a year, whereas
Eurasia is expected to increase production to about
39,100 BCF a year

Annual Consumption

In 2009 Europe consumed much more gas than they

produced by using a total of 19,324 BCF of natural gas
Germany, the UK, and Italy were the top consumers of
natural gas in Europe, using 3,272, 3,109, and 2,756 BCF
respectively
Eurasia consumed 21,156 BCF of gas in 2009 which is
about 5,000 BCF less than they produced
Russia consumed the most gas in the region by a
landslide by consuming 15,524 BCF, with the next closest
country, Uzbekistan, consuming a mere 1,632 BCF
Total consumption of natural gas in Europe and Eurasia
combined is expected to reach about 49,800 BCF a year
by the year 2035

Reserves

In 2011, Europe has 153.822 TCF of proven

natural gas reserves
The UK, Poland, and Germany have the
greatest amount of reserves with 9.040,
6.200, and 5.820 TCF respectively
In total, Eurasia contains 2,164.8 TCF of
proven natural gas reserves
Russia once again leads the pack with 1,680
TCF in reserve with Turkmenistan and
Kazakhstan a distant 2nd and 3rd with 265
and 85 TCF a piece in reserve

Exports from
Eurasia(2009)
TOTAL EXPORTS 8,155
BCF

COUNTRY BCF
Armenia 0
Azerbaijan
-209
Belarus 0
Estonia 0
Georgia 0
Kazakhstan
0
Kyrgyzstan -0
Latvia 0
Moldova 0
Russia
6,325
that that feeds Armenia from Russia. This pipeline carries
Tajikistan Pipeline
0
Natural gas through the country of Georgia.
Ukraine 0
Uzbekistan

BCF/year

Exports from Europe

Norway is the leader in natural gas exports.

Netherlands in second place but well below Norwa
Spain exported no natural gas in 2006.
34 BCF exported in 2009.
Countries with increased exports(2006-2009)
1. Austria +29
2. Croatia +7
3. Czech Republic +35
4. Hungary +3
5. Netherlands +34
6. Norway +518
7. Turkey +25
8. UK +70
9. Slovakia +29
10.Spain +34
(EIA, 2010)

World Predicted
Exports(EIA)

EIA. (2010, September 19). INTERNATIONAL ENERGY OUTLOOK 2011.

Retrieved September 20, 2011, from EIA:
http://205.254.135.24/forecasts/ieo/nat_gas.cfm

PRICE OF NATURAL GAS

Eurasia 2011 Prices

Russia, Aug 2011 403.20 USD/Thousand cubic meter.

http://www.indexmundi.com/
Very limited information of current gas prices and projected prices for
Eurasia.
Projected increase in price through 2012.

Europe 2011 Prices

24.10 /MWh , 32.71 USD/MWh

http://www.energy.eu/
Prices in Europe expected to increase substantially throughout the next
year with more taxes on energy and development of gas fields that are
more expensive to produce.
Some European countries report having trouble due to mismanaged
finances and severe shortages that will increase the price of natural gas in
the upcoming years.

Stansberry (2011)

Gas Pipeline Systems

Eurasia
Nord Stream Pipeline - Offshore gas pipeline from Russia to Germany.
Runs along the
bottom of the Baltic Sea. Length of the sub-sea
pipeline is 759 mi.
The AzerbaijanGeorgiaRomania Interconnector (AGRI) - a proposed
project to transport Azerbaijani natural gas to Romania. (Project
Phase)
Blue Stream - is a major trans-Black Sea gas pipeline that is 754
miles long and carries natural gas from Russia into Turkey.

Europe
Langeled Pipeline - Transports natural gas from Norway to the UK.
Before Nord Stream this pipeline was the longest sub-sea pipeline.
Franpipe - 520 miles long.
Vesterled - 220 miles long.
Europipe I - 420 miles long natural gas pipeline from the North Sea to
Continental Europe.
Europipe - II is a natural gas pipeline from Norway to a receiving
terminal in Germany.

Europe and Eurasia Gas Pipeline System

East European Gas Analysis (EEGA) 2008

SOUTH STREAM GAS PIPELINE

Announced

on June 23, 2007

Will Carry Russian natural gas across
Black Sea to Europe through Bulgaria
and Romania
Carry 2.2 TCF of natural gas annually
Expected to be completed by 2015

Nabucco Gas Pipeline

Rival to South Stream Pipeline project

Link Middle East Gas fields to Europe
regions
Will carry 1.1 TCF of natural gas annually
If built, due to be completed in 2017

Shale Gas Beyond North

America

Decline in North Sea production led to

increased exploration:
Northwest England Discovery of a major
shale gas field that could provide the UK with
65 years of gas
Poland Beginning modern fracturing
methods in reservoirs to ease dependence on
coal, begin commercial shale gas production
by 2014
Ukraine Signed giant shale gas deal with
Shell to help increase production to 800 BCF
annually by 2015. Reduces Russian
dependence, sell excess to Europe.

Points of Interest

Europe is the US ten years ago

Eurasia is big in natural gas, exports to Europe

Beginning to see natural gas as a precious future
energy
Beginning to explore and exploit unconventional gas
plays to ease coal and import dependence
Using the latest frac technology
Just like US, is being debated and regulated