The future of NW Europe Refining
A presentation of a Clingendael International Energy Programme (CIEP) study that assesses the post-2025 northwest European (NWE) refining sector on the back of increasing competition from non-European refining clusters (mainly in the Middle East) and the upcoming transition to a low-carbon economy.
The authors foresee a potential return to the source refining model, in which NWE demand for petroleum products in the coming decades will be supplied by more oil product imports from outside Europe due to insufficient investments in the NWE refining sector. These developments may both affect NWE security of supply and bequeath society with a refining legacy of unprecedented proportions.
Overall, this study can aid as a point of departure for further discussions on the implications of an imminent restructuring of the refining sector in NWE.
The presentation can be found in the link below.
Description
A presentation of a Clingendael International Energy Programme (CIEP) study that assesses the post-2025 northwest European (NWE) refining sector on the back of increasing competition from non-European refining clusters (mainly in the Middle East) and the upcoming transition to a low-carbon economy.
The authors foresee a potential return to the source refining model, in which NWE demand for petroleum products in the coming decades will be supplied by more oil product imports from outside Europe due to insufficient investments in the NWE refining sector. These developments may both affect NWE security of supply and bequeath society with a refining legacy of unprecedented proportions.
Overall, this study can aid as a point of departure for further discussions on the implications of an imminent restructuring of the refining sector in NWE.
Speaker(s)
Michiel Nivard, Researcher at Clingendael International Energy Programme (CIEP)
Maurits Kreijkes, Researcher at Clingendael International Energy Programme (CIEP)
Location
Organiser
Oil and Gas Technology
Name and contact details for information
Board of the Division of Oil and Gas Technology