Diversification of supply and domestic production of natural, low carbon and renewable gases is now more important than ever. The recently published REPowerEU Communication makes that clear by outlining targets for biomethane and renewable hydrogen production. To scale up the biomethane and hydrogen markets these targets must be cemented in European legislation through Fit-for-55 and the Gas Package.
Welcome to this edition of Molecules. Things have continued to move quickly in Brussels as the EU institutions respond to the invasion of Ukraine. As the aggression continues, our thoughts remain very much with the Ukrainian people.
Eurogas and GIE are firmly committed to ensure an efficient, effective, and just transition. We believe that a mix of gaseous energy and other heating solutions will be needed to ensure the successful and cost-effective decarbonisation of the building sector.
We talked to Kick Sterkman, Global HSEQ Director at Neptune Energy, to get a better picture on what can be done to strengthen European security of gas supply, while staying on track with the energy transition.
Eurogas recognises the need to ensure that renewable electricity capacities increase to respond to the growing European electricity demand. It is crucial to ensure that the renewable character of electricity and RFNBO is properly demonstrated.
Eurogas welcomes the recent Communication from the European Commission (EC) on Sustainable carbon cycles and intention to develop a legislative framework for the certification of carbon removals by the end of 2022. This recent push for CCUS-dedicated ambitions and policies is a strong indicator of the renewed EU commitment toward CCUS.
At this time, my thoughts, and those of everyone in Eurogas, are with the people of Ukraine. As difficult as it may be, it is imperative that we look at this situation head on. We are in constant contact with our member Naftogaz and we are deeply moved by their courage and resilience.
Molecules April 2022: The Alternative Fuels Infrastructure Regulation can help us deliver decarbonisation and security of supply, Victor Bernabeu, Eurogas
Last year’s Fit for 55 package brought important legislation that will aid decarbonisation of the gas sector. Among those is the Alternative Fuels Infrastructure Regulation (AFIR). The goal of the AFIR is to promote the deployment of alternative fuels by investing and developing the infrastructure necessary for their scale-up.
Molecules April 2022: Workplace of the future with Italgas: putting people, process and innovation at the heart of work
Our world is going through many emergencies. We are experiencing a period of crisis that is putting our society under strain. The worries of the current situation, however, must not make us forget that we are in a climate emergency. To prevent any further damage to our planet we need to move quickly and strategically on the energy transition.
Our operators are committed to pursuing and intensifying their contribution to reducing emissions. We understand the need for such a Regulation and support the deployment of an appropriate and cost-effective action plan. We welcome the proposal of the European Commission.
Both the Communication on More Affordable, Sustainable and Secure Energy and the Draft Regulation on Security of Supply make reference to joint purchasing of gaseous fuels: natural gas, LNG and hydrogen. The current combination of high prices in the gas wholesale market and the war in Ukraine have driven political attention on to the issue of gas purchasing.
Energy markets are experiencing price levels and price volatility that have no historical precedent. Access to short-term liquidity or guarantees provided by public entities and extension of eligible collateral will maintain the functioning of EU energy markets in times of extreme wholesale price development.