by Federico Franchina - There is a relevant link between international efforts to reduce greenhouse gas emissions, LNG and the future of transport. So far LNG was considered as one of the energy sources mostly fitted for domestic purposes like heating. Due to its characteristic of being a “good” mainly for home end-users, LNG has known a “single way” development. Oil and gas companies and countries have concentrated their efforts to build LNG terminals where store this resource shipped by sea or to support the construction of gas pipelines form producing countries.
by Matteo Verda - Until the end of 2014, it used to be common wisdom that a premium on Asia-bound cargos was a long-term structural feature of the global LNG market. However, since the third quarter of 2014, plummeting oil prices and weaker-than-expected demand growth have changed dramatically price trends in the Pacific basin, with economic and political consequences at global level.
by Francesca Morra e Lorenzo Parola - With decision of 18 and 30 March 2015, the Administrative Court of Lombardy (TAR) dismissed the appeal of OLT Offshore LNG Toscana S.p.A. against a number of resolutions of the Italian energy regulator - AEEGSI - regarding the regasification activity. OLT is a joint venture between the Italian utility IREN and the German one EON, which developed and manages together a floating regasification terminal off the coast between Livorno and Pisa with a capacity of 3.75 billion cubic metres/year. Many aspects of the case are worth noting. In fact, it created a precedent of waiver of the exemption from third party access (TPA) provisions, forcing the relevant authorities to fill a gap in the TPA exemption discipline.
by ISPI Energy Watch - The European Union, thanks to the ECB and its quantitative easing, has finally shown a hint of financial unity, but much remains to be done to foster the single market. The case of energy is paradigmatic: despite many efforts, the creation of a single, Europe-wide market is still far away. Even if there's no need for a "big bang", also a piecemeal and progressive evolution is a major challenge whose timing cannot be taken for granted.