In May 2022, Galp Gás Natural Distribuição (GGND) launched a new in-house initiative aimed at raising awareness and broadening knowledge. This covers several strategic topics for the company in its current phase of transformation and aims to strengthen its position in the market.
With the invasion of Ukraine at the forefront of our legislative agenda, it was the time to have a conversation on how we move forward with the energy transition while securing the security of gas supply. That is why we held the first EU-US LNG Industry Working Group.
In light of the current COREPER discussions on the EED draft general approach and in view of the upcoming Energy Council, key stakeholders have gathered to recall the importance of adopting a multitechnology and multi-energy vector approach to decarbonisation across all sectors to be reflected into the entire Fit for 55 package, including the EED.
E.U. – U.S. LNG Industry Joint Statement of Support and Recommendations for the Achievement of the RePowerEU and U.S. – E.U. Energy Security Taskforce U.S. LNG Targets
Following the Russian invasion of Ukraine in February 2022 the European Commission issued a Communication for More Affordable, Secure and Sustainable Energy calling for an additional 50bcm of LNG in 2022 and the complete phase out of Russian natural gas supplies to the EU by 2027.
EU and US LNG industry stakeholders have issued a joint statement in support of RePowerEU and the US-EU Energy Security Taskforce US LNG targets. In the statement presented, industry representatives from both sides of the Atlantic call for prioritisation of climate ambition and investor certainty.
The invasion of Ukraine has forced Europe to profoundly reconsider its energy mix. Staying on track with decarbonisation goals despite the security of supply challenges is an absolute must.
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.