File:Difference in natural gas import costs in EU under actual import prices vs 100% oil-induced prices, 2010-2021.png
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English: Over the past decade, the European Union has built up significant capacity to import gas via pipelines or as liquefied natural gas (LNG). The shift towards spot market pricing allowed the EU to benefit from low prices for LNG imports during periods of ample supply. However, gas supplies have tightened and spot prices in Europe are at record highs. The International Energy Agency estimates that EU countries will pay around $30 billion more for natural gas in 2021 than if they had stuck with oil-indexation. However, in aggregate, the gradual transition to gas-on-gas competition – which increased as a share of total gas imports from 30% in 2010 to over 80% in 2020 – has saved an estimated $70 billion in lower gas import bills cumulatively over the past decade. |
| Date | |
| Source | Made available exceptionally under a CC BY 4.0 license as a part of the IEA's "Russia's War on Ukraine" series. License statement |
| Author | International Energy Agency |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 09:11, 28 October 2022 | | 1,920 × 1,080 (155 KB) | EnergyAnalyst2 (talk | contribs) | Format editing for clearer view |
| 11:52, 18 May 2022 |  | 1,038 × 541 (82 KB) | EnergyAnalyst1 (talk | contribs) | Uploaded a work by International Energy Agency from [https://www.iea.org/commentaries/despite-short-term-pain-the-eu-s-liberalised-gas-markets-have-brought-long-term-financial-gains Peter Zeniewski, "Commentary: Despite short-term pain, the EU’s liberalised gas markets have brought long-term financial gains," International Energy Agency] Made available exceptionally under a CC BY 4.0 license as a part of the IEA's "Russia's War on Ukraine" series. [https://iea.blob.core.windows.net/assets/af2... |
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