Tax laws, ecology, and reform drive new European power demand
✍ Scribed by Willett, Robert E.
- Publisher
- John Wiley and Sons
- Year
- 2007
- Weight
- 360 KB
- Volume
- 15
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
✦ Synopsis
recent conversation with Dr. Rainer Seele indicates possible European opportunities for U S . gas companies and investment sources. Seele works with the strategic planning arm of Wintershall AG, a major German gas company. Wintershall is part of a joint venture with German industrial giant BASF and Gazprom, the Russian gas company, to bring in new gas supplies to Europe. Thus Wintershall has a strong interest in forecasting overall Western European gas usage.
These opportunities that Seele referred to will exist because of the major expansion forecasted in production and in transportation infrastructure. The expansion is forecasted over the next ten years to satisfy new Western European demand for gas. The gas will be used for power generation (Exhibit 1).
. . . generation usage will also rise from a distant third place in the gas usage picture, behind residential and industrial uses, to a strong second place.. . 1. A cubic meter is about 35.3 cubic feet.