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Gas Regional Investment Plan of the South Region 2017
LNG
Pipeline
0
80
40
2010
2011
2012
2013
2014
2015
20
60
100
%
Evolution of LNG share in EU-28 imports
LNG
Pipeline
0
80
40
2010
2011
2012
2013
2014
2015
20
60
100
%
Evolution of LNG share in the South Region imports
Figure 4.3:
Evolution of the share of LNG supply to EU and the South Region from 2010 to 2015
(Source: BP Statistical Report and Direção Geral de Energia e Geologia for Portugal)
Image courtesy of Reganosa
The South region has traditionally benefited from a highly diversified supply portfolio,
in part due to the importance of LNG, which presents the advantage of connecting
European markets to the wider world. High LNG prices spread in recent years have
however led shippers to do some arbitrage in their supply portfolio.
With LNG prices falling worldwide, the share of LNG imports should once again
increase in the region.