Gas represents a pivotal element of the European energy architecture. Covering about a quarter of Europe's total primary energy supply, it indeed represents the second-largest fuel in the European energy mix after oil.
European gas markets are rapidly changing due to political, commercial and geopolitical evolutions. The still-uncertain role of gas in the European energy mix after COP-21, the evolution of the EU Energy Union, EU-Russia gas relations in the aftermath of the Ukraine crisis, the new dynamics of the global LNG market and the new supply potential for Europe emerging in areas such as the Eastern Mediterranean, are just a few examples of these ongoing dynamics.
In this shifting context, both new challenges and new opportunities are emerging for Europe. A clear understanding of these new realities is a fundamental prerequisite to ensure the adoption of the right decisions in both European private and public policy circles.
The following interviews to leading energy experts shed light on the most relevant challenges and opportunities for European gas markets, not only by providing a clear snapshot of the current situation but also by providing a potential way forward.
The interviews were made on the occasion of the fourth edition of FEEM's annual "Gas Talks" (Milan, December 15-16, 2015).
Laura Cozzi, International Energy Agency (IEA)
Impact on the energy sector of the agreement adopted in Paris at COP 21 and role of gas in the EU energy system
Question 1. What will be the impact of the COP21 agreement on the energy sector?
Question 2. What will be the impact of the COP21 agreement on gas?
Question 3. How do you see the role of gas in the EU energy system?
Mahmood Khaghani, formerly National Iranian Oil Company (NIOC)
Iran’s role in the energy sector after the nuclear deal
Question 1. How do you see the future of the Iranian energy sector after the nuclear deal?
Question 2. Does Iran have a gas export strategy?
Question 3. Can Iran become a gas partner to the EU?
Ludwig Moehring, Wingas
Germany’s contribution to decarbonization and the long term role of gas in a decarbonized world
Question 1. In Paris, the world has reached a major milestone towards climate change last weekend – do you still see a long term role for gas in a decarbonized world?
Question 2. Given your role in a German based gas company, how do you see Germany’s contribution to decarbonization so far? Are they a role model for others inside or outside the EU?
Question 3. As a Gazprom affiliate, WINGAS is predominantly selling Russian gas. With gas prices falling and a lot of LNG knocking on the EU’s door, what is the role of pipeline gas in the future?
Mehmet Ogutcu, Bosphorus Energy Club
Role of Turkey in regional gas markets and impact of Turkey-Russia political standoff on bilateral natural gas relations
Question 1. How do you see the role of Turkey in the regional gas markets?
Question 2. Will the current political standoff between Turkey and Russia affect bilateral natural gas relations?
Francis Perrin, Stratégies et Politiques Energétiques (SPE)
Key challenges and opportunities for MENA energy markets: the impact of ISIS and the comeback of Iran
Question 1. What are the key challenges and opportunities for MENA energy markets?
Question 2.What will be the impact of ISIS on the regional energy markets?
Question 3. How do you see Iran’s comeback into world energy markets?
Georg Zachmann, Bruegel
Ukraine's gas outlook and EU Energy Union initiative in relation to gas security of supply
Question 1. How do you see Ukraine's gas outlook in the short and medium term?
Question 2. What's the state of the EU Energy Union initiative in relation to gas security of supply?
Click the links for all four FEEM "Gas Talks" editions:
"FEEM Gas Talks", Fourth edition, Milan, 15-16 December 2015
"FEEM Gas Talks", Third edition, Milan, 20-21 November 2014
"FEEM Gas Talks", Second edition, Milan, 5-6 November 2013
"FEEM Gas Talks", First edition, Milan, 13-14 December 2012