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.
  • ‘News’ captures all occurences relevant in the context of GVC’s business not qualifying as an ‘Event’ but worth sharing.
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Event

Berlin 23 November 2016

Wolfgang speaks at the ‘22nd Euroforum-Jahrestagung’ in Berlin, on 23 November 2016: "Investing in the European Gas Market – Key issues, economic drivers, conditions & challenges”.

In the context of decarbonization, Wolfgang makes a distinction between infrastructure investments into Europe vs. investments within Europe. For infrastructure investments Read more into Europe, one needs to be aware that Europe avails of >200 bcm/a LNG regasification capacity which has been ~75% idle. With the impending “LNG revolution”, fierce competition for market share can be expected and amortization of certain additional import capacity could be at risk. Within-Europe infrastructure, on the other hand, has good chances to become part of a holistic energy system by carrying increasingly ‘greener’ gas, i.e. hydrogene, synthetic gas and biogas. The current considerations of ‘all electric’ are a fallacy, in that the much lower energy density of electricity would create enormous costs in additional generation as well as transport capacity.

Event

Nicosia 21 November 2016

Wolfgang speaks at the PRIO Cyprus Center’s Conference on ‘The Future of East-Mediterranian Gas’ in Nicosia, on 21 November 2016: "Energy Security in the wider global context”.

The PRIO Cyprus Center, in collaboration with the Atlantic Council, the Friedrich-Ebert Stiftung and Istituto Affari Internazionali and Strata Insight, was organizing the fourth of its international conference series on energy in the Eastern Mediterranean. Wolfgang addressed predominantly global natural gas market issues, Read more e.g.: Whilst natural gas is on its way to become a globally traded commodity, with implications for global price spreads (as opposed to prices in separate regions) as well as a revised view on security of supply, the promising discoveries in the Eastern Mediterranian pose a challenge and an opportunity for Cyprus and the Eastern-Mediterranean countries at large. In the context of battling climate change, the deployment of natural gas in the Cypriot domestic market poses a great opportunity.

Event

The Hague 17 November 2016

Wolfgang attends the Launch Presentation of the ‘World Energy Outlook 2016’ (WEO 2016) by the International Energy Agency (IEA) hosted by the Clingendael Institute in The Hague, on 17 April 2016.

The renowned “Clingendael Institute” (CIEP) headed by Prof. Coby van der Linde hosted the launch presentation of the WEO 2016 given by Tim Gould of the IEA. Read more

The WEO 2016 puts special focus on the proliferation and cost degression of renewables and the future share of fossil fuels in the fuel mix.
Event

Cologne 15 November 2016

Wolfgang attends the ‘ewi Energietagung 2016: Energiemarkt 2025: Trends, Perspektiven, Strukturbrüche’ in Cologne, on 15 November 2016.

The renowned ewi institute (Energiewirtschaftliches Institut an der Universität zu Köln) – see also under Affiliations – organized its annual symposium with a strong focus on energy transition and whether Germany was on the right track. Read more

Prof. Dr. Marc Oliver Bettzüge pointed out that the German measures since inception of the EEG (German renewables feed-in law) in 2000 were structurally not achieving decarbonization. Policymakers were ‘picking winners’ and subsidizing them instead of setting market incentives/disincentives, not least a price on carbon, to achieve emissions reductions in the economically most efficient way.
Event

Brussels 14 November 2016

Wolfgang attends the ‘BDEW-Abend‘ under the theme: ‘Digitales Europa: Auf dem Weg in die smarte Energiewelt von morgen’ in Brussels, on 14 November 2016.

The German Association of Energy and Water Industries (BDEW) hosted its traditional “Europe Event” focusing on issues around security of supply and energy transition. High level guest speaker was Prof. Klaus-Dieter Borchardt Read more , director at the European Commission, Section ‘Internal Energy Market”. His presentation of the most recent security of supply directive for gas was critically discussed, not least since there appeared greater need for security of supply regulations in the electricity space due to the frequent need for grid stabilization as a consequence of intermittent renewables influx.

Event

Berlin 3-4 November 2016

Wolfgang chairs the panel ‘Piped Gas vs. LNG’ on day 2 of the “European gas transmission conference” in Berlin, on 4 November 2016: "Money talks …What premium NBP over Henry Hub to have U.S. LNG compete with pipe gas?

He discusses the price spread necessary between NBP and Henry Hub Read more to allow U.S. LNG exporters to cover their long-run marginal costs and make a margin. He further assesses the price spread required to recoup short-run marginal costs.

Event

Berlin 3-4 November 2016

Wolfgang speaks at the ‘European gas transmission conference’ in Berlin, on 3 November 2016: "State of the Nation: The European Gas Market – Prospects post COP21 & Implications for Infrastructure Investments”.

He recaps highlights as well as incidents and missed opportunities in the European gas market since 2000 and discusses whether COP21 means the ‘sudden death’ for all fossil fuels including gas. Read more He makes the case for gas as the ‘low hanging fruit’ for immediate and material CO2 emissions reductions without subsidies and promotes the concept of gas becoming part of a holistic energy system.