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CMPs and anti-hoarding in European LNG terminals Results from public consultation

CMPs and anti-hoarding in European LNG terminals Results from public consultation. Rocio Prieto - Comisi ó n Nacional de Energ í a 19th Madrid Forum 21-22 March 2011. LNG imports in 2010. LNG represents 18% of total gas supplies in Europe in 2010 2010/2009 LNG imports growth: 25.4%. 4,581

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CMPs and anti-hoarding in European LNG terminals Results from public consultation

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  1. CMPs and anti-hoarding in European LNG terminalsResults from public consultation Rocio Prieto - Comisión Nacional de Energía 19th Madrid Forum 21-22 March 2011

  2. LNG imports in 2010 LNG represents 18% of total gas supplies in Europe in 2010 2010/2009 LNG imports growth: 25.4% 4,581 (7,7%) 14,170 (23.8%) 10,506 (17,6%) 2,250 (3.8%) 6,657 (11.2%) 923 (1.5%) 20,523 (34.4%) Tm imported per country in 2010 () Percentage of total European LNG supplies Source: Waterbone

  3. European LNG imports in 2010 Norway 4% Qatar 41% Others: Perú Yemen Libya Oman Ecuatorial Guinea Trinidad 7% Algeria 21% Egypt 5% Nigeria 18% Source: Waterbone

  4. European LNG imports in 2010 Share of LNG in total net imports : Belgium : 12% France : 28% Greece: 24% Italy : 10% Portugal : 60% Spain : 76,3% UK : 17% Source: Waterbone

  5. Results from ERGEG public consultation on LNG terminals: CMPs and anti-hoarding - Consultation launched in November 2010: 13 shippers responded, providing 57 answers in 7 countries. - Main results from the Public Consultation: Satisfaction with the CAMs and CMPs applied; Respondents report that CMPs have been rarely applied to them; Certain concerns regarding availability of slots, level of tariffs, short term capacity access conditions or features of the services not meeting the market needs; Clear support for the organisation of secondary capacity markets; Support for an obligation to re-sell unused capacities; Request for a stronger involvement of LSOs in the organisation of secondary markets; Shippers do not ask for short term capacities very often - services offered not always suiting their needs; Significant differences between countries in terms of availability of information.

  6. Conclusions of the CMP study and way forward • The Public Consultation enabled CEER to gain market insight and to elaborate the conclusive parts of the CMP study; • The content of the CMP study has been updated, stakeholders´ views included, and conclusions and recommendations drafted; • As no outstanding result was extracted from the consultation, CEER intends to take pragmatic actions that can lead to concrete regulatory progress : • 1. CEER to define, together with GLE, a common template, to be published by each terminal LSO on its webpage, to help users identify the information needed to access any European LNG terminal.2011 • 2. CEER to propose a short list of indicators that NRAs can use to assess the existence of capacity hoarding in each terminal. 2012 action recommended • LNG to be taken into account when discussing the target model, due to its growing importance in the European supply portfolio.

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