Too few pipes to Europe, too little storage when it gets here

1st July 2006
By Robert Shetler-Jones

This has been a cathartic year so far in the European gas market. It has seen at its very outset a high-profile disruption in supply between Russia and Ukraine. This was followed by a volatile debate extending from Moscow through to Brussels and London, and even reaching as far as Washington, about security of future gas supplies internationally.

Attention has also been drawn to the stresses becoming evident in the gas infrastructure across Europe, both in terms of pipeline capacity…