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What happens when it gets cold? Efficient Access to Gas Infrastructures

Explore the challenges and progress in accessing gas infrastructures during cold weather conditions. Learn about the roles and responsibilities of market players, the regulatory framework, and the need for investment to ensure security of supply.

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What happens when it gets cold? Efficient Access to Gas Infrastructures

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  1. What happens when it gets cold?Efficient Access to Gas Infrastructures Meinhard JanssenGIE Board Member Annual Conference 2005, Athens, 3 - 4 Nov 2005 GIE - Gas Infrastructure Europe

  2. Agenda • Where were we? • Where are we now? • Are TSOs prepared when it gets cold? • What still needs to be done? • Conclusion GIE - Gas Infrastructure Europe

  3. What happens when it gets cold? GIE - Gas Infrastructure Europe

  4. 1. Where Were We? “the European gas industry has managed security of supply in a steadily growing European gas market over the last four decades very successfully” Source: European Commission Integrated gas companies were responsible for • availability of sufficient gas and diversification of supply • availability of sufficient transport and storage capacity • integrity of infrastructure • With the movement towards market liberalisation under the Internal Market Directives roles and responsibilities of market players have become fragmented. GIE - Gas Infrastructure Europe

  5. 2. Where Are We Now? (1) • Key Developments Legislation / Voluntary Guidelines • 2003/55/EC 2. Directive for Internal Gas Market (2004 & 2007 deadlines) • 2004/67/EC Directive for Security of Supply (due to take effect as of May 2006) • Gas Regulation on transmission access (due to take effect as of July 2006) • Guidelines for Good Practice for transmission access (GGP II) and storage access (GGPSSO) GIE - Gas Infrastructure Europe

  6. 2. Where Are We Now? (2) • Key Developments Gas Industry • Legal Unbundling of TSO in almost all EU countries • Entry and exit systems implemented in all EU countries • Increased information transparency / online capacity information • Wider range of services (e.g. short term & interruptible capacity) • Secondary capacity markets • UIOLI • Hubs & virtual trading points established with growing liquidity • EASEE-gas activities on interoperability: 3 CBPs fully approved GIE - Gas Infrastructure Europe

  7. 3. Are TSOs prepare when it gets cold? • TSOs have implemented almost all requirements of applicable law and voluntary guidelines • However, TSOs are still on a learning curve (e.g. changes to main gas flow/supply sources, abolishment of integrated optimisation, planning of security of supply) • In any case, security of supply and system integrity have priority GIE - Gas Infrastructure Europe

  8. 4. What Still Needs To Be Done? When implementing 2. Directive for Internal Gas Market and Directive for Security of Supply into national law member states are required • to define clear roles and responsibilities of market players • to implement a regulatory framework providing a healthy investment climate to ensure that necessary investments are really being made GIE - Gas Infrastructure Europe

  9. Clear Roles and Responsibilities Roles and responsibilities when it gets cold… • to ensure there is sufficient gas  suppliers1 • to ensure there is sufficient transportation capacity  TSOs and shippers • to ensure system integrity  TSOs 1 in some EU countries also legal obligations on TSOs GIE - Gas Infrastructure Europe

  10. Regulatory Framework / Investment Climate With the move towards liberalised markets the main determinants for investment should be market signals For infrastructure investment the industry needs • Stable, predictable, commensurate and complete regulatory framework • To finance and mitigate risks • Long-term contracts will form a key part of future investments • Exemptions under Art. 22 of IGM Directive required especially for Pan-European projects GIE - Gas Infrastructure Europe

  11. 5. Conclusion • The European Gas Industry has an excellent record in maintaining security of supply • The European Gas Industry has significantly improved the access to gas infrastructure • The European Gas Industry is gathering experiences resulting from changes of the libarised gas market • There is a need for • Clear allocation of responsibilities to different market players • Predictable & stable regulatory environment supporting an incentivising investment climate GIE - Gas Infrastructure Europe

  12. What happens when it gets cold? GIE - Gas Infrastructure Europe

  13. What happens when it gets cold? GIE - Gas Infrastructure Europe

  14. What happens when it gets cold? GIE - Gas Infrastructure Europe

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