Europe energy policy long-term outlook 2019 Report

Commodity Market Report 19 July 2019

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Report summary

Europe's declining gas production and increasing reliance on imports has led the EU to develop a number of strategies to mitigate risks as energy regulation is consolidated at a European level. Two overarching objectives drive the EU's energy strategies: addressing long-term security of supply and climate issues. EU policies encourage a fully integrated internal energy market, namely for gas and power, eyeing the removal of regulatory obstacles and developing a comprehensive network of interconnecting infrastructure. 2020 targets to achieve emissions reductions and increased renewables' share in the region's energy mix are likely to be met, but improved energy efficiency targets are challenging. Progression towards more ambitious 2030 goals has been mixed. This is part of a package of Europe gas reports detailing our latest long-term outlook. Look out for more on: demand; infrastructure; prices; supply; imports and contracts, and our briefing pack.