This section encompasses a wide range of GVC related information, comprising:

  • "On The Road", e.g. news about speeches at conferences and symposiae, but also pro-bono activities such as lectures provided
  • "Events", e.g. landmark occurences and agreements, but also appearances at/participation in certain events
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Event

Florence, 9 April 2018

Wolfgang participates in a panel at the Policy Workshop: ‘The Renewable Gas Complex and the European Path to Decarbonization’ organized by the ‘European University Institute’ and the ‘Florence School of Regulation’ in Florence, on 9 April 2018.

The Policy Workshop covered a wide spectrum of aspects pertaining to the ‘renewable gas’ complex. I.a. Read more the biogas, biomethane and syngas value chain were presented and discussed, moreover the hydrogen, ‘green hydrogen’ and power-to-gas value chain. TSO and DSO representatives contributed by explaining the huge possibilities offered by the existing gas infrastructure, not least the ability to store, in large quantities and over extended periods of time, renewable power which would otherwise be ‘lost’ since curtailed at times of low demand.

On the Road

Nicosia 27/28 March 2018

Wolfgang delivers a keynote speech at the ‘9th Mediterranian Oil & Gas Forum 2018’ in Nicosia, on 27 March 2018: "The blessings of natural gas for Cyprus

With an additional promising natural gas discovery, Cyprus has moved one step closer to develop its resource for own use and export. Emphasis was therefore put on the positive effects for the domestic Cypriot market and its economy at large, ranging from significant CO2 reductions in the power generation sector Read more towards substantial savings to be expected in conjunction with the current import of oil products. The Cypriot ‘4th National Energy Efficiency Plan for Cyprus 2017’ was discussed and triggered stimulating exchanges.

Event

Brussels, 20 March 2018

Wolfgang attends the Eurogas Annual Conference: ‘Making mobility fit for the future – From roads to waterways’ in Brussels, on 20 March 2018.

The European Gas Industry Association Eurogas (www.eurogas.org) hosted its traditional Annual Conference. In an effort to foster stakeholder dialogue beyond the gas industry, the event was organized in cooperation with ‘NGVA’ (Natural & bio Gas Vehicle Association). Accordingly, the theme of the Conference was strongly focused on the deployment of natural gas in the transport sector. Read more

The contributions ranged from the use of ‘CNG’ (compressed natural gas) in passenger cars and LNG  in heavy duty trucking as well as maritime transportation. The huge potential of natural gas to contribute to battling climate change was emphasized and the limits of electrification were, at times controversially, discussed. Importantly, the participation of stakeholders from outside the gas industry, notably including Eurelectric, but also participants from the car industry such as Bosch and Volvo and various NGOs stimulated fruitful dialogue. A further laudable step away from having ‘gas people talk to gas people’ only.
Publication

’Implications of a global gas market for traditional gas economical paradigms’, in February 2018

The article is the – updated and expanded – English version of the ‘Gastkommentar’ (guest commentary) in GVS’s  monthly ‘Gasmarkt-Telegramm’ (www.gvs-erdgas.de) published in January 2018. I.a., Wolfgang additionally documents the destinations of US American LNG cargoes since February 2017, underpinning that deliveries would go where the highest net-backs could be achieved (‘money talks…’). Moreover, Read more Wolfgang demonstrates by means of the January 2018 price spreads between East Asian M+1 vs. TTF that a permanent (as opposed to an occasional, e.g. in case of market tightness) reliance on LNG supplies would have required a TTF price of 31.60 €/MWh instead of the settled January price of 20.29 €/MWh, i.e. more than 50% higher, to compete for LNG. The pipeline gas volume pressure on the European traded markets ensures low prices to the benefit of European end consumers, whilst the marginal quantity of LNG supply sets the maximum price achievable. This ‘end-user welfare benefit’ has convincingly been demonstrated by the renowned ewi Institut in its report ‘Impacts of Nord Stream 2 on the EU Natural Gas Market’ (ewi Energy Research & Scenarios gGmbH; www.ewi.research-scenarios.de).

Event

Essen, 07 February 2018

Wolfgang attends the ‘E-world energy & water 2018‘ in Essen, on 07 February 2018.

The traditional E-world energy & water exhibition & conference has evolved into a major display of technological developments around energy transition. Wolfgang participated in a symposium organized by Innogy on the subject: ‘Sektorenkopplung ohne Gas!?!Read more

The discussion addressed the ‘all-electric’ aspirations of certain policy makers and concluded that the increase in electricity demand and peak supply requirements could not be solved by further ramping up renewable power generation, namely wind and solar, alone. Wind and solar were at times of ‘Kalte Dunkelflaute’ entirely not available and at times rendered massive solar and wind power surpluses absent demand which had to be curtailed against multi-million Euros of compensation. The P2G technology was the only technology capable of storing large quantities of renewable power over long periods of time in the form of hydrogen or synthetic gas in the gas grids and gas storages.
Publication

’Gastkommentar: Implikationen eines globalen Gasmarktes für überkommene gaswirtschaftiche Paradigmen’, in ‚GVS Gasmarkt-Telegramm‘ in January 2017

GVS had asked Wolfgang to write a ‘Gastkommentar’ (guest commentary) in its monthly ‘Gasmarkt-Telegramm’ (www.gvs-erdgas.de). The article puts in writing the messages from the most recent presentations, e.g. at the ’23. Euroforum-Jahrestagung (Erd-)Gas 2017’ in Berlin, on 15 November 2017 and the 5th Frankfurt Gas Forum’ in Frankfurt on 13 December 2017: Read more The emergence of a global gas market, with destination flexible LNG supply able to respond to price signals, liquid European hubs capable of sending price signals and ample unutilized LNG regasification capacity to receive LNG thus attracted, has transformed previous bi-lateral physical dependencies into a functionality of price signals. Hence, the previous ‘Putin-phobia’ (an expression coined by Jonathan Stern: ‘The future of gas in decarbonizing European energy markets: the need for a new approach’, by Jonathan Stern, January 2017, OIES Paper NG 116, www.oxfordenergy.org) was no longer warranted and the traditional gas-economical paradigm of security of supply needed to be re-visited.

On the Road

Vienna 29-31 January 2018

Wolfgang attends the ‘European Gas Conference 2018’ in Vienna, on 29-31 January 2018. On main conference day 1 he delivers a speech: ’International & European Policies in the Context of a Global Gas Market’.

He explains that it was ‘money talking…’ hinging on price spreads between Henry Hub and NBP/TTF and not sanctions that would determine whether US American LNG would come to Europe. As to the EC attitude, he re-called that, in the face of a global gas market, the previous ‘Putin-phobia’ was no longer warranted. Read more Besides the availability of destination flexible LNG responding to price signals, Europe’s ability to send price signals and also absorb LNG thus attracted, he also elaborates, based on the insights of the IEA’s second ‘Global Gas Security Review 2017’, the decreasing response time of such LNG supplies. He also points towards some of the new unexpected potential ‘shocks’ stemming from new interdependencies, e.g. the emerging concentration risk of LNG terminals at the Gulf coast, being hit by hurricanes from time to time.