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@ThTrouve @FrancegazFR Presenting on behalf of @GIEBrussels and our French members 🇫🇷
@GRTgaz - @Teregacontact
@Storengy - @Elengy
@DunkerqueLNG
As natural gas demand decreased by 8% y to y in the OECD, #TimGould put the attention to the evolution of Chinese gas demand 📈 and its impact on #LNG markets and wholesale #prices, especially as Europe is going to be more and more exposed to spot prices.
@wavestoneFR @Energy4Europe @MWorsdorfer @csikow @AdinaRevol Last year the EU understood the importance and value of the underground gas #storage while 5 years ago the assets were seen by many as stranded assets, said @TorbenBrabo.
Storage have never been fulfill at this level so early.
HyOffWind, supported by Eoly, Parkwind and Fluxys, aims at building the first industrial power-to-gas installation in Belgium (Zeebrugge), to convert renewable electricity into green hydrogen at an industrial scale. The feasibility study for the project turned out positive and end of February, the consortium is issuing a call for tenders for its construction. The partners aim to take a final investment decision after the summer 2020.
In a first phase, with the support of the Federal Energy Transition Fund, the feasibility of the installation was further investigated – and the outcome was positive.
The technology is mature enough to realise an industrialised production of green hydrogen, and the legislative framework and permits provide a sufficient basis to further build on the realisation of the project.
End February 2020, the consortium tendered with various external parties to develop the project into a concrete reality. Current timing is to be able to take a final investment decision after summer 2020 in order to be able to start the construction of the installation by mid 2021. Based on the current planning, the first production is planned for early 2023.
HyOffWind project aims at launching green hydrogen production, and becoming one of the first opportunities in Belgium to deliver green hydrogen to the market via tube trailers or through injection into the gas grid. Therefore, this project aims at a scale-up for Belgium, and consequently making sure that Belgium is not missing out on the current evolutions. Zeebrugge would act as an energy hub, also having the potential as a logistics hub for hydrogen applications. It would be the first installation of such scale in Belgium.
As a result, the price of renewable hydrogen could drop, which in turn could boost the applications that make use of this green hydrogen.
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