Energy Corridors European Union and Neighbouring Countries, Sustainable Energy Systems

Description

The European Union (EU) imports today half of its energy needs and it is generally recognised that this figure could increase to 70% by 2030. While our EU natural gas production will decrease in the future, our consumption will double in the next two decades. At the same time, due to our increasing transport needs, it is expected that the EU oil consumption will continue to grow. EU electricity demand could increase by 50 % in the next 25 years.

Summary
Context
The ENCOURAGED (Energy corridor optimisation for European markets of gas, electricity and hydrogen) project has been launched in beginning 2005 to identify and assess the economically optimal energy corridors between European Union (EU) and neighbouring countries. The objectives of the project are to:
• Assess the economic optimal energy (electricity, gas and hydrogen) corridors and related network infrastructure for connecting the EU with its neighbouring countries and regions.
• Identify, quantify and evaluate the barriers to and potential benefits of building optimal energy corridors connecting the EU with its neighbours.
• Propose necessary policy measures to implement the recommended energy corridors with a focus on investment and the geopolitical framework.
• Organise stakeholder workshops and seminars to discuss the results and fi ndings and reach consensus

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