Forecasts indicate that by 2030 up to 70% of the EU’s natural gas consumption will have to be imported. Ensuring gas security of supply at reasonable prices has consequently become a major preoccupation for both the European Union and its member states. The UK, for example, had been self-sufficiet for gas since the 1960’s but is now increasingly dependent on imports.
The need for policy initiatives at EU level has become widely accepted, but Europe-wide agreement on details and implementation has faced major obstacles. Efforts to formulate common EU energy policies, including on gas supply, are nonetheless continuing and making progress.
