EUROPEAN GAS DEMAND WILL BE STRONG TO 2010 COSTS CLOUD SUPPLY PICTURE

Demand for natural gas in Europe through 2010 will grow substantially, particularly for power generation. Supplies, nevertheless, will remain adequate, possibly even in surplus in the near-to-medium term. In the longer term, prices for natural gas must rise to support new supply projects. And Europe's import dependency will increase, causing gas companies and governments increasingly to focus on security of supply.

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