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Natural gas reserves and shortages - is Gazprom a reliable supplier for Europe?

Josephine Bollinger-Kanne
ifo Institut für Wirtschaftsforschung, München, 2006

ifo Schnelldienst, 2006, 59, Nr. 18, 09-25

The natural gas portion of the energy mix of the EU member states increased up to a quarter in recent years. In Germany alone, 23.8% of primary energy consumption consisted of natural gas in 2005. A third of German natural gas imports comes from the Russian Confederation, which has greatest natural gas reserves in the world. Europe's import dependence on natural gas will probably increase from a present 49% to 70% in 20 or 30 years. Josephine Bollinger-Kanne of Research & Consulting Russia gives an overview of natural gas production in Russian and especially of the practices and policies of the Russian natural gas giant, Gazprom.

JEL Classification: Q300

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ifo Institut für Wirtschaftsforschung, München, 2006