This document discusses Europe's energy security challenges and its dependence on foreign energy suppliers like Russia. It notes that while the current economic crisis has reduced short-term energy demand, long-term issues remain like a growing global population, declining investment in new energy sources, and tougher environmental regulations. The document warns that by 2010-2011, energy demand will likely rebound just as many existing fields face depletion without new sources coming online. It presents Russia and Central Asia as key supplier regions but notes competition there from China and issues over developing new pipelines. The document argues Europe's plans to boost renewables and energy independence may not solve its future energy needs.

1. DELIVERING ENERGY SECURITY TO EUROPE AND BEYOND Konstantin Simonov Athens May , 2009

5. Cheap Oil = Lack of Investment 2010? 2011? Demand for oil and gas will recurs. At the same time we will face the depletion of old fields while new ones are undeveloped

6. Two Energy Poles

7. Two Energy Poles

9. Central Asia as a Battle Field Gas pipeline from Turkmenistan to China ( Central Asian Gas Pipeline) : capacity was raised from 30 billion to 40 billion cubic metres. Operation at full capacity will be ensured by the end of 2013. 17 billion cubic metres Ashgabat guaranteed to China from the Malay field - today’s resource base of gas export to Europe through Russia

10. Gas Suppliers to Europe