Future gas demand and supply in Europe - market decision or politics?
Date: Tuesday November 29th
Time: 14:00 – 16:00 (Coffee will be served afterwards with the opportunity of further discussion)
Venue: Spårvagnshallarna, Birger Jarlsgatan 57 A, Stockholm
The seminar is free of charge and will be held in English
A decade of sluggish economic growth in Europe and low coal and emission prices have resulted in gas losing ground to coal. But the goals of the Paris Agreement reached at COP21, makes it necessary for Europe to reduce the use of coal. What will that mean for the continent's gas demand in the medium and long term? Could a pick-up in gas demand increase investments in European gas production, or is the region bound to become ever more import dependent? If the latter, where will the gas come from?
An important question is whether a more integrated European gas market could foster import diversity and security of supply. Or will some form of market intervention be used to safeguard Europe's geopolitical energy interests? This issue is linked to the controversial pipeline projects from Russia to the European continent: Nord Stream 2 through the Baltic Sea and the southern pipeline projects through the Black Sea. The views on these projects differ among the EU member states and the EU Commission. The issues raised include market demand, declining European gas production, security of supply, import dependency, and also more broadly Europe's political relations with Russia.
The seminar will shed light on the following issues, among others:
- Is there enough gas demand in Europe for new infrastructure to be motivated?
- What alternatives to more imports from Russia are there for Europe's gas markets and are they viable?
- Why do some EU countries oppose or support Nord Stream 2 and Russia's Black Sea pipeline ventures?
- Could a more EU integrated European market on its own balance any unwanted political influence? Or will we see a "re-nationalisation" of energy projects in Europe?
Editor in Chief at Natural Gas World, London; energy journalist with long experience of the energy industry and markets.
Senior Researcher at the Centre for Security Studies at the Swiss Federal Institute of Technology, ETH Zurich. Fischer's research focuses on European energy policy, global energy security challenges and EU climate policy.
Moderator: Katarina Johnsson
Head of Corporate Sales Sweden at SEB in Stockholm, with background in international gas trading.