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To: ChanceIs who wrote (46441)	6/15/1999 10:58:00 AM
From: Tomas	Read Replies (1) \| Respond to of 95453

European energy market seen centering on natural gas Reuters World News Service, Long Beach, June 15 Natural gas will come to dominate Europe's electricity market as the industry is opened to competition, an industry consultant said Monday. "Gas will be king," Gill Rider, global managing partner at Andersen Consulting, said at an Edison Electric Institute conference. She estimated that Europe will eventually rely on gas for 40 percent of its power generation, up from 10-15 percent today. The trend will be driven by the region's access to natural gas pipelines from northern Africa and central Europe, as well as by competition, Rider said. In February, the European Energy Initiative was passed, calling for free cross-border electric power competition throughout the European Union by 2008. Rider said the shift will create a single European energy network, encompassing both electricity and gas. "The use of gas will allow a move toward local generation," she said. "This will allow utilities to bypass the grid. " Open competition will clear the way for power plant operators to connect directly to gas pipelines, Rider predicted. "The availability of gas pipelines will become as important, or more important, than wires," she said. Deena Beasley, Los Angeles bureau (213) 955 6750)) REUTERS