Security of Supply
Because of the natural gas and the oil-refining industry, Europe is almost self-sufficient in LPG. Europe's security of supply is further safeguarded by:
- a wide range of sources, both inside and outside Europe;
- a flexible supply chain via water, rail and road with numerous routes and entry points into Europe;
As of early 2008, world reserves of natural gas — from which most LPG is derived — stood at 6,342.411 trillion cubic feet. Added to the LPG derived from cracking crude oil, this amounts to a major energy source that is virtually untapped and has massive potential. Production continues to grow at an average annual rate of 2.2%, virtually assuring that there is no risk of demand outstripping supply for the foreseeable future.
Read more about this topic: Liquefied Petroleum Gas
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