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LNG Study: Is an European Action Plan Necessary?

LNG Study: Is an European Action Plan Necessary?. Pedro Moraleda Energy Markets Advice. Bucharest, October 24 th , 2008. Content of the Presentation. The LNG Study ordered by the European Commission Obstacles to the development of the LNG potential in Europe Main messages

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LNG Study: Is an European Action Plan Necessary?

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  1. LNG Study: Is an European Action Plan Necessary? Pedro Moraleda Energy Markets Advice Bucharest, October 24th, 2008

  2. Content of the Presentation • The LNG Study ordered by the European Commission • Obstacles to the development of the LNG potential in Europe • Main messages • Role of TSOs /LSOs • Some conclusions PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  3. 1 | A Thorough Analysis of the LNG Potential • Reasons for the Study PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  4. 1 | A Thorough Analysis of the LNG Potential • Reasons for the Study • Objectives and structure of the Study: • Barriers to the development of LNG • Opportunity for an action plan at EU level PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  5. 1 | A Thorough Analysis of the LNG Potential • Reasons for the Study • Objectives and structure of the Study: • Barriers to the development of LNG • Opportunity for an action plan at EU level • Experts involved PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  6. 1 | A Thorough Analysis of the LNG Potential • Reasons for the Study • Objectives and structure of the Study: • Barriers to the development of LNG • Opportunity for an action plan at EU level • Experts involved • Methodology followed PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  7. 1 | A Thorough Analysis of the LNG Potential • Reasons for the Study • Objectives and structure of the Study: • Barriers to the development of LNG • Opportunity for an action plan at EU level • Experts involved • Methodology followed • Next steps PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  8. 2 | Obstacles to the Development of LNG • Out of the Community remit • Availability of LNG / Liquefaction capacity • International competition for LNG and with pipelines • Shipping capacity and adequacy to docking facilities PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  9. 2 | Obstacles to the Development of LNG • Out of the Community remit • Where Community action may not be effective • LNG quality and compatibility issues • Receiving capacities and permits process PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  10. 2 | Obstacles to the Development of LNG • Out of the Community remit • Where Community action may not be effective • Where Community action may be effective • Making of Europe an attractive market for LNG exporters • Setting specific rules for capacity allocation • Reinforcing transparency requirements • Facilitating trading of LNG: physical connections and secondary markets rules PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  11. 3 | Main Messages • LNG is already a well developed and competitive market • LNG can contribute to the supply to Europe but it is not a cure for all • LNG requires a specific regulatory approach • LNG quality is an issue that may not need Commission’s intervention • TSOs / LSOs have a key role to play PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  12. 4 | Role of TSOs / LSOs • Implement clear and effective access rules • Adjust operation of facilities to the role that LNG plays in each European gas market • Promote connections of LNG facilities to transport grids and underground storage • Operate transparently PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  13. 4 | Role of TSOs / LSOs • Implement clear and effective access rules • Adjust operation of facilities to the role that LNG plays in each European gas market • Promote connections to transport grids and underground storage: facilitate interoperability • Operate transparently Clear aim of ENTSOG towards the internal market PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  14. 5 | Some General Conclusions • There is not a compelling need for an LNG action plan PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  15. 5 | Some General Conclusions • There is not a compelling need for an LNG action plan • It is not clear that incentives are needed to develop additional regas capacity in Europe PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  16. 5 | Some General Conclusions • There is not a compelling need for an LNG action plan • It is not clear that incentives are needed to develop additional regas capacity in Europe • Commission’s priority efforts should aim to: • Develop specific energy policies and refocus policy towards the “external market” • Require transparency, remove prevailing obstacles to the internal market and address specific security of supply problems in some MM.SS. PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

  17. 00 | …and that’s all, Folks! Thank you very much for your kind attention! PEDRO MORALEDA EnergyMarketsAdvice | pmoraleda@gmail.com

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