The 5th edition of Eurogas Central and Eastern European Conference (CEEC), organised with the kind support of Latvijas Gāze and Conexus Baltic Grid, will address the issue of “The Baltic Region: Setting the pace for gas market integration”, with a particular focus on the functioning of the regional gas market, as well as the potential of LNG and the value of storage.
Today, NGVA Europe released its gas in transport manifesto with five policy recommendations to enable a cleaner future for transport. It will function as basis to steer the future of Europe’s mobility and environmental agenda, where the use of natural and renewable gas can contribute to decarbonisation and improved air quality.
The European Commission’s latest reports on gas and electricity markets, which cover the first quarter of 2019, have just been published, containing a wide range of data about supply and usage of electricity and gas in the EU.
The latest figures show the downward trend of the energy bill from 2014 to 2016 reversing in 2017 and 2018 (Figure 1). The average monthly value of imports in energy products rose from €17.4 billion per month in 2016 to €27.6 billion per month in 2018. However, the energy bill is still lower than in 2014 when it was €29.8 billion per month. The development of the volume of energy products showed much less fluctuation, rising from 74 million tonnes in 2014 to 79 million tonnes in 2018.
The International Energy Agency has provided in-depth support for this weekend’s meeting of G20 energy and environment ministers, including the publication of a major new study on hydrogen’s potential role in global energy transitions.
After another record year, global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade.
This month, a milestone for sustainable transport in and for Europe was reached: the two hundredth LNG fuelling station was opened. These stations provide fuel for the over 6.000 LNG trucks now running in Europe driving a low-carbon emissions transport system that natural and renewable gas offer.
In their Joint Statement of 25 July 2018 in Washington D.C., President Juncker and President Trump agreed to strengthen EU-U.S. strategic cooperation with respect to energy. They came in particular to an understanding on the benefits of expanded exports of U.S. liquefied natural gas (LNG) to the EU gas market.
Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018.