A New Collaboration To Assist The European LNG Sector In Creating & Implementing Plans For Expanding LNG Import Capacity Across the Continent
We are pleased to announce this new collaboration to assist the European LNG sector in creating and implementing plans for expanding LNG import capacity across the continent.
Since July, we’ve talked to many of you about the challenges of identifying new LNG sources that are price competitive and increasing Europe’s LNG import capacity to fulfill the continent’s pressing need for more reliable sources of energy. During our preparations for this significant event, we spoke with more than fifty CEOs and managing directors from LNG terminals, gas sales enterprises, port authorities, traders, and regulators. We are grateful to them for their time and assistance. The agenda we present today was designed by the industry specifically for the industry.
Bringing Together Key Stakeholders
This conference aims to bring the key stakeholders together to discuss how to identify new sources of LNG and maximise Europe’s import capacity in the most economical way possible. The timeline focuses on between now and around 2026 and then evaluating strategies for the longer term. You told us that longer-term considerations might involve either further expanding FSRU utilisation or investing more money into new on-land terminals and cross-border pipelines (e.g. between Spain and France). We will be looking at such solutions at the conference.
The agenda looks at various solutions, including commercial, policy, financing, and technical elements. Focusing on the best ways to take advantage of current market conditions and assemble as many people as possible to explore how to turn this crisis into an opportunity to invest in new gas and related infrastructure.
There is no doubt that finding additional LNG gas sources is pivotal for the industry. We will examine emerging LNG supply options in light of the import capacity that will be made available to attract new supplies and how they might be expanded in the future.
The four critical overarching themes of this conference are as follows:
- LNG gas sourcing globally. We are looking at new sources from places like Africa and Turkey and determining the full potential of supplies from the USA.
- An update on what is occurring in the critical European nations to increase import capacity, focusing on Germany, France, Italy, the Baltics, and the Balkans
- FSRUs How can the industry address supply chain concerns? For instance, how can they be quickly renovated and made available cost-effectively?
- Justifying the business case for expanding onshore terminals. How can the industry make the financing models work? What are their most current modular solutions? What capacity might they support?
The industry must now consider many factors, including the possibility that onshore terminals could be converted to transition over to hydrogen. We will be discussing the possibility of repurposing onshore terminals to handle key hydrogen carriers in the future, including ammonia and methanol. Since this unquestionably has a significant impact on the choice to invest and determining the overall payback period.
The conference schedule is intense, with a program full of talks as there is a lot to talk about. However, there will be plenty of networking opportunities, and a cocktail reception will be held at the end of the first day.