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 Matteo Verda - According to the Italian transmission system operator, Snam Rete Gas, between 2011 and 2014 natural gas consumption decreased by 21%, from 76 to 60 billion cubic meters (Bcm). Even if during the first five months of 2015 this trend reversed and consumption increased from 28 to 31 Bcm (i.e. +9%), final demand will take years to recover its pre-crisis levels, if ever. Regardless of the causes, slack demand had an impact on the structure of the Italian supply.
by Sissi Bellomo (Il Sole 24 Ore) - One of the charges the European Commission brought against Gazprom in its antitrust case is that it allegedly practiced an “unfair pricing policy” towards some customers that were thus forced to pay more than due for gas supplies. What is a “fair” gas price anyway?
by ISPI Energy Watch - Glimpses of hybris appear to emerge in the European energy policy and the debate surrounding it. Or, at least, evidence of a new assertiveness. Once upon a time, it was just fear of supply insecurity. Ten years ago it would have been unthinkable, or at least scary, to face a disruption from any of our significant energy suppliers.