πŸ“β€œIn order to maintain #securityofsupply, a sufficient level of #gasstorage capacity must be maintained in a coordinated manner”.

That’s what @schmoltzer, GIE Value of Storage WG chair, highlighted at the #IPS2023 in Milan.

Read πŸ‘‰ https://lnkd.in/eCFpKUfx

@ThTrouve @FrancegazFR Presenting on behalf of @GIEBrussels and our French members πŸ‡«πŸ‡·
@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 πŸ“ˆ 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.

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Press Release – 12 associations call for 2030 targets to reduce GHG intensity of gas and scale up of renewable gas

May 26, 2021

Brussels 26.05.21

The EU needs binding 2030 targets to reduce the GHG intensity of gas consumed and increase demand for renewable gas, according to a joint letter shared with policy makers today.

β€œThe 2030 targets we are advocating for would send clear signals to investors in terms of decarbonising gas and scaling up renewable gases. These signals are urgently needed – we cannot afford to wait to act.” said James Watson, Secretary General of Eurogas.

If the proposed 2030 targets are adopted the GHG intensity of the gas consumed in the EU will be reduced by at least 20% compared to 2018 levels. This would be achieved through increased use of renewable and low carbon gas. At the same time, renewable gas demand would increase to at least 11% of gas consumed, which would boost the development of the renewable gases.

Signatories: European Federation of Local Energy Companies (CEDEC), COGEN Europe, Eurogas, European Biogas Association (EBA), European Heating Industry (EHI), GD4S, European Gas Research Group (GERG), Gas Infrastructure Europe (GIE), GasNaturally, International DME Association (IDA), Liquid Gas Europe, Natural & Bio Gas Vehicle Association (NGVA Europe)

Media contact: Bronagh.ohagan@eurogas.org – 0(032) 487 377 426

Note to editors

Who is GIE?

Gas Infrastructure Europe (GIE) is the association representing the interests of European gas infrastructure operators active in gas transmission, gas storage and Liquefied Natural Gas (LNG) regasification. GIE is a trusted partner of European institutions, regulatory bodies and industry stakeholders. It is based in Brussels, the heart of European policymaking. GIE currently represents 70 member companies from 26 countries. GIE’s vision is that by 2050, the gas infrastructure will be the backbone of the new innovative energy system, allowing European citizens to benefit from a secure, efficient and sustainable energy supply.

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