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Gas Regional Investment Plan of the South Region 2017 |
45
Norway
Netherlands
Algeria
Russia
Other
%
24
11
9
38
19
Norway
EU production
Other
Netherlands
Russia
Algeria
France
Portugal
Spain
Europe
0
80
70
50
30
10
40
20
60
100
90
%
48%
27%
13%
13%
14%
7%
79%
30%
70%
28%
34%
31%
5%
2%
Figure 4.4:
Breakdown of pipeline supply to the South Region in 2015
(Source: BP Statistical Review 2016)
Figure 4.5:
Origins of gas imported via pipeline to the South Region in 2015 (Source: BP 2016)
4.2 Pipeline Imports in the
South Region
Pipeline gas in the South Region primarily originates
from four sources, namely Norway, Russia, Algeria and
the Netherlands, allowing for a fairly balanced and
diversified supply portfolio (see figure 4.4).
Due to their level of interconnections, Spain, Portugal and South of France require
imports of LNG in order to meet their gas needs. In situations where global LNG
prices are high, as it was the case for the last five years, pipeline gas must serve as
a viable source of supply.