ENTSOG Gas Regional Investment Plan (GRIP) 2017 - 2026 / Southern Corridor / Main Report

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)

600,000 GWh/y

120,000 GWh/y

LNG imports

500,000

100,000

400,000

80,000

300,000

60,000

200,000

40,000

100,000

20,000

0

0

LNG

Russian

Other

Indigenous

Azeri

Algerian

2010

2011

2012

2013

2014

2015

2016

2015

2014

2013

GR

IT

Figure 4.6: Evolution of gas supply by source  2)

Figure 4.7: Evolution of LNG imports in Italy and Greece

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

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Southern Corridor GRIP 2017–2026