Table of Contents Table of Contents
Previous Page  58 / 124 Next Page
Information
Show Menu
Previous Page 58 / 124 Next Page
Page Background

58 |

South-North Corridor GRIP 2017

An update of the SEN has been undertaken at beginnings of 2017

 10)

mainly to align

the strategy with the new market context and the evolutions experienced between

2013 and 2016 at European level. The revision of the strategy should follow the main

lines defined in the previous document with the ultimate target to increase the li-

quidity and the competitiveness of the Italian gas market, expected to become the

Southern Europe gas hub. A special attention is expected to be provided to the fol-

lowing aspects:

\\

development of new regasification capacity and cross-border interconnec-

tions, in line with the increased flexibility and security of supply requirements

of the EU gas markets

\\

ending the isolation of the areas still not reached by natural gas (in particular,

Sardinia island)

\\

diffusion of new uses of gas in the transport sector (both as CNG and LNG)

\\

development of a biomethane chain to increase green gas volumes and utili-

sations

4.2.5 LUXEMBOURG

Luxembourg is firmly embedded in Central Western Europe. An analysis of Luxem-

bourg’s energy future can therefore not be made without understanding the key

drivers changing Europe’s energy landscape and its direct neighbours.

Luxembourg has a highly developed economy, with the 2

nd

world’s highest GDP per

capita 

 11)

. Despite the fact that Luxembourg’s population is expected to almost

double by 2050, from currently 560,000 to almost 1,100,000 in 2050, the total

final

energy consumption in electricity and gas is expected not to further grow by 2050.

Energy transition in Luxembourg towards 2050 horizon is driven by energy efficiency

and integration of renewables in the distribution networks. Drivers such as the

COP21 Paris Agreement and the various European Union energy targets and

directives, as well as global trends in energy sector transformation and technology

deployment, especially digitalisation, will have a significant impact on the final

energy consumption, mainly driven by electricity. Nevertheless, natural gas will play

an important role in the energy transition until 2050 and gas demand even shows

moderate growth for 2025. Industrial gas consumption is projected to be stable, but

the consumption in the residential heating sector is projected to further increase

mainly due to the switch from heating oil to gas of the customers still awaiting this

switch.

Since 2008, Luxembourg’s energy policy has also been focused on reducing CO ²

emissions in transport, as a large labour-work force is coming from the neighbouring

countries (France, Belgium, Germany), generating a high energy consumption and

CO ² emissions related to the transport sector.

 10) The final text of the SEN 2017 was not published when this Report has been sent off to the editor.

 11) Source:

www.imf.org/external/pubs/ft/weo/2016/02/weodata/index.aspx