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For this latest instalment of Let’s Meet! ‘Emissions reporting, market-based instruments and the GHG protocol: Focus on Renewable Gases’ we discussed how to address market-based
For our latest ‘Let’s Meet’, Eurogas hosted a highly informative webinar on methane emissions, as we asked whether the United States and European Union are
JOINT LETTER | On the sidelines of the CERAWeek conference in Houston, Texas, senior executives of our organizations met with representatives of G7 nations to discuss the unique and vital role of natural gas in meeting shared energy security and climate objectives…
FuelEU Maritime is an important opportunity to address the energy transition in Europe for the maritime sector. As the most effective, readily available and cost-efficient technology for shipping, Liquified Natural Gas (LNG) can play a leading role in the sector’s decarbonisation.
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.
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.
Eurogas recognises that the current market dynamics emerging from the geopolitical situation requires particular attention. The negative summer/winter spread limits incentives for market participants to put gas into storage and may not provide sufficient incentives for suppliers to factor in possibly security of supply risks.
