The importance of Liquefied Natural Gas (LNG) in Europe’s overall energy mix has considerably increased in the last three years: since the Russian aggression to Ukraine in February 2022 and its impact on EU gas supply strategy, LNG imports to Europe have grown and LNG has proven to be a valid and reliable instrument to quickly compensate for the sudden shortage of Russian gas via pipeline.
LNG is likely to remain as part of the EU energy mix for some decades, particularly for its important contribution to energy stability and security of supply. At the same time, Europe cannot forget its climate targets and commitments. Upstream and import regulations are going to evolve in the next few years, as to facilitate the achievement of decarbonisation commitments; in parallel, technological pathways are going to evolve, affecting market conditions and global players’ behaviours and drivers.
Therefore, it’s reasonable to think that, going forward, in LNG contracts (Sales and Purchase Agreements, SPAs) a differentiation of the product depending on its carbon or emission intensity will automatically emerge: the more emissions associated with the production of feed-gas or its liquefaction and transport, the higher the costs of both its production and use in the destination market.
How should this information be tackled? What are the possible challenges in making it compatible or even standardized as to facilitate trading in a global market like LNG?
While not addressing the question of measurement, reporting and verification of said emission intensity values, this workshop will debate how carbon intensity can be taken into account and translated into LNG contracts, how it may be structured and which information would need to be considered for the relevant provisions.
Introduction to the Debate and Opening Presentations
14.00 – 14.05 Introduction to the Debate
Ilaria Conti | FSR
14.05 – 14.20 Specialised WG5: LNG Trading Arrangements in the Context of the Energy Transition
Gunnar Steck | LNGnet Team Leader
14.20 – 14.30 EU Energy Prospects
Adam Szolyak | Policy Officer, DG ENER
Panel Discussion: Introductory Remarks, Polls and Comments
Moderator: Alberto Pototschnig | FSR
14.30 – 14.50 Introductory remarks from the panellists
Luis Ignacio Parada | President of Gas LNG Europe, Gas Infrastructure Europe
Kim Talus | Professor of Energy Law at UEF Law School, University of Helsinki
Andreas Guth | Policy Director, Eurogas
Michaela Duve | Chair Legal Committee, Energy Traders Europe
14.50 – 14.55 Polls
14.55 – 15.20 Comments on the polls outcome and Q&A from the audience Panellists
15.20 – 15.30 Concluding remarks
Ilaria Conti | Florence School of Regulation
Alberto Pototschnig | Florence School of Regulation
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