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20<br />

Export volumes in 2011E<br />

278 m t<br />

150 bcm<br />

natural gas<br />

1. by calorific value<br />

CO 2 emissions<br />

525 m t<br />

Gas is the best fossil fuel and the cheapest path<br />

to reach EU CO 2 reduction targets<br />

= =<br />

180 mm t<br />

coal (1)<br />

415 m t<br />

135 mm t<br />

fuel oil (1)<br />

Gas-optimized<br />

scenario<br />

Renewables<br />

60%<br />

Renewable subsidies and other<br />

incentives are equal to €820 bln<br />

or 53% of the total All-In cost of<br />

renewable generation over the<br />

next 20 years.<br />

€820 bln<br />

Source: Pace Global<br />

€1550 bln<br />

Subsidies<br />

53%<br />

Cumulative cost advantages of gas-optimized scenario, Euro bln<br />

2030F 2050F<br />

700 1650<br />

1200 2500<br />

Source: McKinsey for the European Gas Advocacy Forum<br />

850<br />

capital<br />

expenditures<br />

350-<br />

400<br />

operational<br />

expenditures<br />

450-<br />

500<br />

total<br />

savings<br />

Департамент стратегического развития<br />

Export - Investor Day 2012

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