The Gas Value Chain Company

This section encompasses a wide range of GVC related information:

  • ‘Events’ captures activities such as speeches and moderations at conferences and symposiae and, moreover, the appearance at/participation in any such events.
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Vienna, 27-29 January 2020

Wolfgang attended the European Gas Conference in Vienna on 27-29 January 2020. He moderated the panel ‘A Trader’s Viewpoint: Gas Pricing in the Face of Global Oversupply & Regional Shortage Concerns’. As usual, Wolfgang used slides as illustrative optical support for the audience and to guide the panel discussion through the various topics. The impressive European and global price action underpinned impressively that supplier competition in Europe is working.


Prague/Friedrichskoog, in September 2019

Wolfgang was appointed chairman of the supervisory board of innogy Česká republika a.s. in Prague. The retail business of the Czech innogy subsidiary became, in the context of the asset swaps between RWE and E.ON, a so-called remedy. According to the requirements of the European competition authority, it must be sold to a third party. In this context it was also necessary to staff the supervisory board with knowledgeable and independent people. Read moreWolfgang had served as CCO from 2008 to 2012 and as CEO from 2012 to 2016 of the RWE subsidiary Transgaz a.s. in Prague. I.a., he conducted, during this period, two multibillion USD arbitrations against Gazprom (achieving the first arbitration award against Gazprom with hub indexation). He avails thus of intricate knowledge of the Czech market and so qualified for the position. The task is delicate, since management board as well as supervisory Board no longer report to the shareholder, but rather to the European Commission and its appointed trustees. innogy Česká republika delivered, in 2019, over 17 TWh of natural gas and over 2 TWh of electricity to household-, commercial- and industrial customers. Moreover, the company operates an extended network of CNG stations and offers innovative solutions i. a. in the e-mobility space. Wolfgang: “ innogy enjoys an excellent reputation with customers as well as authorities as an innovative and ‘clean’ competitor. I know from a reliable source that the Czech government is keen to retain innogy as a ‘going concern’ in the Czech market.”


Berlin, 24 October 2018

Wolfgang attended the ‘DVGW Kongress’ ( where he moderated the panel: ‘Discussion: Gas infrastructure quo vadis?  –  Development & new role of gas in the energy systems’. He used various slides to optically support the discussions from the recent ewi/GVC paper.

The panelists participating were Read moreHarm Grobrügge, Vice President European Biogas Association, Stephan Kamphues, Managing Director, Vier Gas Transport GmbH, Frode Leversund, CEO, GASSCO AS and Ulrich Lissek, Head of Communications, Nordstream 2 AG. The panel delivered a credible message that ‘gas can green’: While fossil natural gas would substantially contribute to reduce CO2 reductions up to ~ 70% decarbonization levels, a multitude of technical options for green gas needed beyond 70% decarbonization were discussed. They ranged from e.g. bio-methane over hydrogen-blending towards future deliveries of hydrogen from Norway and Russia. Moreover, the power-to-gas technology was emphasized together with the ability of the gas infrastructure to ‘store’ otherwise ‘lost’ (through curtailment at times of ‘overproduction’) green power in large quantities over long periods of time.


Paris/Mülheim, 22 October 2018

Wolfgang had the honor of being invited to contribute to the third edition of the ‘Global Gas Security Review 2018’ (‘GGSR’) of the International Energy Agency (‘IEA’). The first edition of the GGSR was issued in 2016 giving credence to the fact that the gas market was increasingly turning global. It has meanwhile established itself as a useful complement to the periodical World Energy Outlook. The GGSR 2018 was released on 22 October 2018 during the LNG Producer Consumer Conference in Nagoya. The full issue of the GGSR 2018 can be found at


Berlin, 14 September 2018

Wolfgang attended the ‘German-Polish Energy Dialogue’ organized by the ‘Stiftung Wissenschaft und Politik’ (SWP)’ and ‘The Polish Institute of International Affairs’ (‘PISM’). He delivered a presentation titled:Gas and the Energy Union – Roads ahead – Four Observations on the Polish Gas Market’. He reiterated the most relevant findings in GVC’s recent study on the Polish gas market. Read moreDespite ample opportunity to equalize prices of the Polish wholesale market for gas with those on the Northwest-European hubs, spreads of up 3 €/MWh prevailed. Poland availed of 5 independent sources of supply, while the 4 non-Russian sources exceeded Polish domestic demand by 17%. This calls the alleged dependency on Russia into question, not least since Poland exceeded its minimum take obligation by ~9% in 2017. The Baltic pipe project was ignoring the benefits of entry/exit, by which Norwegian gas landing at Dornum/Germany could be brought to Poland for a few €ct/MWh. The lock-up of the wholesale market also negatively affected conditions on the retail market. An effort was made to convince the Polish colleagues of the benefits of market integration.


Berlin, 13 September 2018

Wolfgang attended the ‘Expert Talks’ organized by the ‘Stiftung Wissenschaft und Politik’ and the ‘World Energy Council. He delivered a presentation titled:Gas and the Energy Union – Roads ahead   – Three Observations’. He described the development of the European gas market as ‘more than meets the eye’ in terms of hub pricing proliferation and correlation. Read moreHis second observation was that there were ‘Disbelieving Thomases’: E.g. parts of the European Commission, who had helped to bring the market advancements about, were not believing in the very same market forces now at work, as e.g. the opposition against Nordstream 2 demonstrates. A further category of disbelievers were certain Central European governments. Last but not least, gas was all too quickly put in the dirty fossil corner, while it was stepping in the breach e.g. when wind and solar production failed (‘Kalte Dunkelflaute’).


London, 5 September 2018

Wolfgang delivers a keynote speech at the ‘5th London Gas & LNG Forum 2018’ in London, on 5 September 2018: Natural gas: the underrated climate saviour between ideology and geopolitics’.

His presentation picks up on three points: gas as underrated climate savior, gas wrongly put in the ‘dirty fossil corner’ hinging on ideology and gas engulfed in geopolitics. Despite the high proliferation Germany has not achieved the targeted CO2 reductions but could if more gas were deployed in the power, heat and transport sectors. Read moreGas plays a triple role in the face of highly intermittent solar and wind production: as ‘permanent synchronizer, as provider of peak power demand and as supplier of significant quantities of power during ‘Kalte Dunkelflaute’. Geopolitics e.g. in opposition to the Nordstream 2 pipeline is capable of endangering security of supply in the face of declining indigenous production. U.S. LNG as a permanent replacement of Russian gas would mean for Europe to compete with Asian prices to the detriment of consumers.