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Interview

London/Mülheim 15 October 2018

Wolfgang was interviewed by Joseph McDonnell, an energy expert from ICIS, for an article titled ‘Over the hedge?’ published in ICIS Gas In Focus, the leading gas industry report with an established audience of executives, analysts and traders since 1994.

The article discusses plans to build an LNG terminal in Germany. Wolfgang pointed out that a large scale project (e.g. Wilhelmshafen) would likely be uneconomical, since ample Norwegian and Russian pipeline supplies made LNG deliveries pricewise unattractive at present. However, a business case hinging mostly on small scale LNG in Brunsbüttel, a ‘hot spot’ since located at the entry of the Kiel canal and at the same time at the mouth of the river Elbe towards Hamburg port might be economically feasible.

Interview

Moscow/Mülheim, 11 October 2018

Wolfgang was interviewed by ‘Russia 24’ via skype about aspirations of U.S. politicians to i.a. potentially hinder Russian gas supplies to Europe. Namely, members of the U.S. Senate Foreign Relations Subcommittee on Europe and Regional Security Cooperation had introduced the so-called ‘European Energy Security and Diversification Act’ “to provide new tools for the United States to combat malign Russian influence and create economic opportunities at home and abroad”. As always, as a matter of policy, GVC restricted itself to gas economical facts, the main point being that U.S. based commercial operators might be very unhappy about such initiative since they could presently make more money with LNG exports to Asia. Wolfgang couldn’t help adding that a U.S. law on internal European affairs might not be well received by European politicians.

The link to the full trailer in the Russian language is:
https://www.vestifinance.ru/videos/43121

Publication

Leipzig/Mülheim, 24 September 2018 | Article: ’Erdgas – verkannter Klimaretter zwischen Ideologie und Geopolitik’, in ‚Newsletter Handelsblatt Tagung Gas 2018‘

Wolfgang contributed an article to the Newsletter issued on occasion of the Handelsblatt Tagung Gas 2018 in Leipzig. Wolfgang recalled that Germany had not achieved its national CO2 reduction targets Read more while an effective carbon floor price changing the merit order in favor of gas would have brought this about. The reluctance to embrace the power-to-gas technology avoiding billions of compensation for curtailment of renewable ‘overproduction’ was essentially driven by ideology, since admitting that wind and solar were not demand responsive. Geopolitically motivated objections e.g. against Nordstream 2 and Russian gas at large were misplaced since the LNG revolution had made the so-called ‘Putin phobia’ obsolete.

Interview

Barcelona/Mülheim, 17 September 2018

Wolfgang was quoted in an article by ‘Kallanish Energy’ titled EUROPEAN’S GAS INDUSTRY’S FUTURE PITS U.S. VS. RUSSIA’.

The article was published by ‘Kallanish Energy’ on occasion of the ‘GasTech Exhibition & Conference 2018’ (https://www.gastechevent.com/) in Barcelona on the emerging global gas market propelled by LNG and the potential rivalry between Russian pipeline gas and U.S. LNG. Further, on the relevance of the recent ‘deal’ between President Trump and President Juncker. Wolfgang indicated i.a. that Europe was ‘open for business’ Read more with 210 bcm/a of regasification capacity 75% idle but that he did not blame U.S. companies one bit for going to Asia fetching higher prices. As to the ‘presidential deal’, he recalled that neither did Mr. Trump have state-owned sales facilities for LNG (or soybeans) nor did Mr. Juncker have state-owned facilities for respective purchases.

Publication

Stuttgart/Mülheim, 10 September 2018 | Article: ’Gastkommentar: Eine offene Tür: Die Integration in die nordwesteuropäischen Handelsmärkte brächte Polen erhebliche Vorteile’, in ‚GVS Gasmarkt-Telegramm 08_2018‘.

GVS had asked Wolfgang once more (see the earlier publication at https://gasvaluechain.com/cms/wp-content/uploads/2018/03/2018-01-31-Gastkommentar-GVS-W.Peters_Final.pdf) to write a ‘Gastkommentar’ (guest commentary) in its monthly ‘Gasmarkt-Telegramm’ (www.gvs-erdgas.de). Due to the high level of interest in the recently published study on the Polish gas market a ‘short version’ in the German language was suggested. Translated into English, the title reads: ‘An open door: The integration into the Northwest-European traded markets would create significant benefits for Poland’. Hence, the thrust of the article is somewhat more conciliatory than the study itself (‘Poland a failed state in gas trading …’). Nonetheless, Wolfgang points out that the truth must be tolerable and also that, with more emphasis on the benefits, the shortcomings and necessary steps to remove the prevailing market barriers must be addressed.

Interview

Berlin, 15 August 2018

Wolfgang was interviewed by ‘Russia 24’ in Berlin on the state of the European gas market, particularly the arising competition between further Russian supplies e.g. via the Nordstream 2 pipeline and U.S. LNG. He emphasized that Europe availed of ample redundant import capacity (e.g. ~210 bcm/a of regasification capacity ~75% idle) and the evolving global LNG market with meanwhile 2/3rd destination flexible supplies responding to price signals. Hence, concerns about Russian dominance were no longer justified and Europe, in the face of declining indigenous production and rising demand, should welcome all suppliers to compete. The link to the full trailer in the Russian language is: https://www.youtube.com/watch?v=dWMtd0SPzLo

Interview

Mülheim/Essen, 13 July 2018 | Interview by ‘energate messenger’: Part 1: ’Polen ist von den nordwesteuropäischen Märkten abgeschottet’ Part 2: ‘Es fehlt am politischen Willen für gesamteuropäischen Markt‘

Wolfgang was interviewed by ‘energate messenger’ on his main findings in the recently published study on the Polish gas market. In part 1 (’Polen ist von den nordwesteuropäischen Märkten abgeschottet’) he explains the lock-up and price disconnect of the Polish gas market with the Northwest-European markets meanwhile behaving like a single price area. Moreover, he points out the risk of Poland overcharging neighboring countries if it were to become a ‘pivotal hub’.

In part 2 (‘Es fehlt am politischen Willen für gesamteuropäischen Markt‘), Wolfgang explains that lack of political will stands in the way of achieving an integrated European gas market no matter how many interconnectors you build and how diversified you already are. Particularly Poland is driven by ‘ideological physicality’ disregarding the achievements of fungible ‘anonymous molecules’ freely traded on hubs.