European Liquid Gas Congress’ Post

In a significant development in the energy sector, Hungary and Slovenia have signed a Memorandum of Understanding (MoU) for a gas interconnector. This agreement marks an important step towards enhancing regional energy security and fostering cooperation between the two nations. By ensuring stable and diversified gas supply routes, this initiative will contribute to the overall economic growth and sustainability in both countries. I invite you to read more about this progressive move on [link]. Let's discuss how such collaborations can shape the future of energy trade. #EnergyTrade #RegionalCooperation

This morning we had the chance to hear the perspective from Dominique Ristori, former Director-General of DG ENER, on the energy priorities of the next Commission. Ristori outlined three key priorities: (1) security, (2) environment, and (3) competitiveness. On energy security, we discussed the current situation with increased gas storage capacities (90% by 1 November), the diversification of supply (LNG coming from the US, natural gas from Azerbaijan via the Southern Gas Corridor), the increasing risk of energy being weaponized, as well as the need to secure access to critical raw materials enabling the energy transition (solar PVs, nuclear, electrolyzers, EV batteries). Ristori also insisted on the need to reinforce measures around the physical security of critical energy infrastructure (transmission grids, gas pipelines). The recent sabotage of the Balticconnector which links Finland to Estonia is a stark reminder of Europe’s vulnerability. On environment, Ristori underlined that the next Commission must focus on the implementation of the Fit for 55 package to achieve the ambitious 2030 targets. He also stressed the need to accelerate the electrification to decarbonise the EU and emphasized the important role of energy efficiency. On decarbonisation efforts, despite many criticisms, the EU ETS remains the first carbon market in the world and the EU needs to continue to develop it further. On competitiveness, Ristori welcomed the recent agreement reached on the Electricity Market Design reform thanks to the close collaboration between France and Germany. It was important to protect the short-term as well as longer-term measures to better manage price volatility both for industrial consumers and final consumers. In the long term, this reform will reduce the influence of gas on electricity. Ristori also added that the new European Sovereignty Fund should support decarbonisation efforts similar to the IRA in the US. He concluded that a new strategic plan should be put forward to promote significant investments accompanied with a shift towards an innovation culture integrating risks. Many thanks to Air Liquide and its Brussels team David Berman, Sarah FAKIH-BOISNAULT, Stefan Gielis, Stefano Murace for partnering with us on this session. #Energy #Decarbonisation #EUAffairs

Have you had a peek at our agenda yet 👀? Join us at Energy Exports Conference and listen to insights from worldwide energy experts and thought leaders as we explore actionable project opportunities in key global energy markets across #oilandgas, #hydrogen, #carboncapture, #offshorewind, #floatingoffshorewind, #nuclear, and #decommissioning. Our sessions include: ☁ Catch of the Day: Exploring Global Opportunities in Carbon Capture As we race towards achieving net zero emissions by 2050, the global targets set for this critical milestone demand an unprecedented surge in carbon capture efforts—120 times greater than our current levels. 🌐 Barrels of Opportunities in Oil and Gas As we navigate the ever-evolving landscape of the energy sector, the need for oil and gas remains, however the oil and gas sector must adopt decarbonisation measures to ensure a sustainable future. Get ready to be inspired, make new connections, amplify your impact across the energy landscape and be a part of the solution for a sustainable future. Coming soon… speaker announcements❗ View the full agenda 👇 #EEC24 #Export #SupplyChain #Agenda #Announcement

📣 𝐌𝐞𝐞𝐭 𝐨𝐮𝐫 #𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐚𝐧𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 #𝐝𝐞𝐜𝐚𝐫𝐛𝐨𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐥𝐢𝐠𝐡𝐭𝐧𝐢𝐧𝐠 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬! 𝐏𝐨𝐢𝐧𝐭 𝐓𝐰𝐞𝐥𝐯𝐞 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐜𝐡𝐚𝐬𝐢𝐧𝐠 𝐚𝐧𝐝 𝐝𝐞𝐜𝐫𝐲𝐩𝐭𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 & 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐧𝐞𝐰𝐬 𝐟𝐨𝐫 𝐲𝐨𝐮 𝐞𝐯𝐞𝐫𝐲 𝐰𝐞𝐞𝐤 𝐬𝐨 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐬𝐭𝐚𝐲 𝐨𝐧 𝐭𝐨𝐩 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐥𝐨𝐬𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐦𝐢𝐧𝐝. Follow us to never miss a bit! 𝐓𝐡𝐞 𝐡𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐟𝐨𝐫 𝐭𝐨𝐝𝐚𝐲 𝐢𝐬 𝐦𝐨𝐧𝐞𝐲 💰 𝐚𝐧𝐝 𝐡𝐨𝐰 𝐬𝐭𝐚𝐭𝐞 𝐟𝐮𝐧𝐝𝐬 𝐚𝐧𝐝 𝐬𝐮𝐛𝐬𝐢𝐝𝐢𝐞𝐬 𝐰𝐢𝐥𝐥 𝐝𝐢𝐬𝐭𝐢𝐧𝐠𝐮𝐢𝐬𝐡 𝐰𝐢𝐧𝐧𝐞𝐫𝐬 𝐟𝐫𝐨𝐦 𝐥𝐨𝐬𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐞𝐚𝐫𝐞𝐬𝐭 𝐟𝐮𝐭𝐮𝐫𝐞. Markets are forming. Carrots help! ✳ Up to 4€ subsidies per kg of renewable H2 produced for domestic EU producers. The EU Hydrogen bank will launch its first auction financial support in November. Either you get the public money, or you’re unlikely to stay in the league. The conditions for the first H2 Bank auction are already published on the website of European Commission 👉🏼 https://lnkd.in/eCYfVcKD ✳ France will tender 1 GW of electrolyser capacity by 2026 - targeting renewable and nuclear-based H2 production. Either you bid, promise and deliver, or you are out. 👉🏼 https://lnkd.in/ekHTfAep ✳ Germany-based energy incumbent Uniper plans to replace aging Ratcliffe coal plant by 500 MW hydrogen plant by 2030. If and only if UK goverment receives state aid for the project. 👉🏼 https://lnkd.in/eDPQHamt 🔔 Stay tuned and subscribe to us!

The first step in avoiding a trap is understanding of its existence.

For those who enjoy reading about Imbalance Markets, RTOs, and listen to many of the CAISO public domain presentations. The following is significant news in the energy markets: Press-Release-April-2024.pdf (westernenergyboard.org) "The creation of a new, independently governed entity capable of offering an expansive suite of West-wide wholesale electricity market functions across the largest possible footprint" "The Launch Committee of the Westwide Governance Pathways Initiative (Pathways Initiative) is excited to release a straw proposal and set of supporting documents for stakeholder review. This package presents the Launch Committee’s evaluation of options to achieve the original goal of the Pathways Initiative: the creation of a new, independently governed entity capable of offering an expansive suite of West-wide wholesale electricity market functions across the largest possible footprint

As Australia’s energy security shrinks away to the mediocrity of its political class in Caberra, the world’s energy demand booms on the take up of nuclear. https://lnkd.in/gumEa5gk

What needs to be done to stimulate the commercialization of fusion energy? The ITER pavilion at COP28 hosted an ECG-led discussion of attorneys and fusion companies to address the need for less restrictive regulation, access to financing schemes and education to foster a broad public acceptance of fusion energy. #cleanenergy #climatechange #energytransition #fusionenergy #regulation Energy for the Common Good

Yes the future is nuclear...