European Onshore Gas Opportunities
Why Now?
Supply disruption
Disruption of traditional Russian supply
Middle East instability and LNG uncertainty
Turning points
The German crisis – collapse of Uniper
The Spanish blackout – April 2025
Driving a renewed focus on European domestic gas
Gas demand is growing in Europe
+9% per annum, or 25 billion cubic metres/yr
+20% gas-to-electricity conversion in 2024/25
−7% renewable energy sources in 2025
+20% LNG imports, year on year
Supportive pricing environment –+$15/MCF
Favourable business environment
European energy security now a priority
Restrictive development policies rescinded
Southern European Natural Gas Supply Network