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Southern Corridor GRIP 2017–2026

0

5,000

4,000

1,000

3,000

2,000

6,000

TWh/y

Southern Corridor Region

Rest of EU 28

2013

2015

2014

2019

2018

2017

2016

2020 2021 2022 2023 2024 2025 2026

Actual

Forecast

Figure 3.2:

EU 28 and Southern Corridor annual gas demand

3.1 Annual demand

Figure 3.2 below shows the historical and forecasted annual gas demand of the

Southern Corridor Region compared to the rest of the European Union between

2013 and 2026. It shows that historically the 9 countries of the Southern Corridor

Region made up around 25% of the total EU demand.

The demand for natural gas is expected to mark a moderate increase over the next

ten years and this despite the decrease registered in some of the recent years. The

countries of the Southern Corridor Region estimate to account for more than 27%

of the total EU gas demand in 10 years as shown in the following table 3.1. This

increase, from 26,2% to 27.4%, in the forecast of the 10 next years, reflects the

present potential still to be exploited in several of the Region’s gas markets, where

natural gas was rather recently introduced in the energy mix therefore the penetra-

tion of gas is still ongoing and the perspectives for increase of gas demand for power

generation in some of the Region’s countries.

%

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

S. Corridor

24,6 % 24,5% 24,8% 26,2% 26,2% 26,3% 26,6% 26,8% 27,1% 27,3% 27,4% 27,5% 27,3% 27,4%

Table 3.1:

Annual demand share of Southern Corridor region