Public Hearing – Meeting the Energy Demand Emmanuel Haton - BP April 25 th 2013.

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Presentation transcript:

Public Hearing – Meeting the Energy Demand Emmanuel Haton - BP April 25 th 2013

Current Situation 2 European proved natural gas reserves at end-2011 (in Trillion Cubic Meters) – BP Statistical Review 2012

Current Situation km of Pipelines 19 LNG terminals 124 Natural gas Storage Facilities Source : EUROGAS 2011 Statistical report

Challenge Growth in coal demand in 2011 Global CO 2 emissions Growth Source : IEA, Golden Age of gas, 2011, p 49 The US is now reducing CO₂ emissions faster than the EU!

What is needed Clarity over the post-2020 energy and climate policy (emissions reduction targets, future of the ETS) would provide the right incentives to investors and the competitive pressure markets currently lack

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