Gas Reserves

More than two thirds of the world’s proven gas reserves lay in Russia, as well as in the Middle East and the Caspian Sea regions. They are enough to cover European demand for many decades to come. Europe currently relies mostly on Russian gas supplies through several existing pipelines, and it has not yet linked its pipeline systems to the Caspian and Middle East gas reserves. However, Europe realizes the strategic need to diversify its gas supply.

Tapping into new proven gas reserves requires construction of alternative infrastructure projects that will eventually make new gas available to Europe.