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Southern Corridor GRIP 2017–2026
0
500,000
400,000
300,000
100,000
200,000
600,000
GWh/y
2015
2014
2013
Azeri
Algerian
LNG
Russian
Other
Indigenous
Figure 4.6:
Evolution of gas supply by source
2)
0
100,000
80,000
60,000
20,000
40,000
120,000
GWh/y
2010
2011
2012
2013
2014
2015
2016
GR
IT
LNG imports
Figure 4.7:
Evolution of LNG imports in Italy and Greece
During the first three of the last four years, the gas demand in the SC Region has
stopped increasing and marked a slight decrease despite the fact that some of the
markets are still immature and therefore have a potential for increase. This was the
combined effect of:
\\
the economic crisis in Europe,
\\
the reduction in the power generation sector, due to the switch from gas to
coal, to the decrease in electricity demand and to the progression of
renewables in the power generation sector.
This trend was somehow reversed in 2016 due to the increase in the price of coal
and the decrease in the oil prices which had a similar impact on the oil-linked gas
supply contracts.
2)
The split among the various sources of supply did not change substantially, as
shows Figure 4.6 There was a decrease of national Production, an increase of “other
sources”, mainly at the expense of Algerian (pipeline) gas and LNG. The reasons for
the decrease of LNG are described in paragraph 4.3. Its reduction trend has been
confirmed and even made more important in 2014 as shown in Figure 4.7. However
this trend was reversed in 2015 and furthermore in 2016.
2) Other means imports from sources that cannot be identified. These include a part of the imports to Italy and Slovenia
and the sum of the imports to Austria