BiznesAlert EN http://biznesalert.com ENERGY INFRASTRUCTURE ENIVRONMENT Wed, 14 Nov 2018 10:37:21 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 The European Parliament wants more RES. 32 percent until 2030 http://biznesalert.com/european-parliament-res-2030/ http://biznesalert.com/european-parliament-res-2030/#respond Wed, 14 Nov 2018 10:00:58 +0000 http://biznesalert.com/?p=2662 Parliament approves binding 2030 target for renewables (32%) and an indicative target on energy efficiency (32.5%) that will play a crucial role in meeting the EU’s climate goals. Parliament on Tuesday confirmed the provisional agreement reached with the Council in June on energy efficiency (434 votes to 104 with 37 abstentions), renewables (495 votes to […]

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Parliament approves binding 2030 target for renewables (32%) and an indicative target on energy efficiency (32.5%) that will play a crucial role in meeting the EU’s climate goals.

Parliament on Tuesday confirmed the provisional agreement reached with the Council in June on energy efficiency (434 votes to 104 with 37 abstentions), renewables (495 votes to 68 with 61 abstentions) and governance of the Energy Union (475 votes to 100 with 33 abstentions) – three important legislative files that are part of the Clean Energy for All Europeans package. By 2030, energy efficiency in the EU has to have improved by 32.5%, whereas the share of energy from renewables should be at least 32% of the EU’s gross final consumption. Both targets are to be reviewed by 2023. These targets can only be raised, not lowered.

Lower energy bills and the right to become a renewable self-consumer

By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate.

For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

Moving towards second-generation biofuels

Second generation biofuels can play a significant role in reducing the carbon footprint of transport and at least 14% of fuel for transport purposes must come from renewable sources by 2030.

However, first generation biofuels with a high risk of “indirect land use change” (ILUC i.e. when land is converted from non-crop cultivation – such as grasslands and forests- to food production, which increases CO2 emissions) will no longer count towards the EU’s renewable energy goals from 2030. From 2019, the contribution of first generation biofuels to these goals will gradually be phased out until it reaches zero in 2030.

New governance to achieve the Energy Union

Each member state must present a ten-year “integrated national energy and climate plan” with national targets, contributions, policies and measures by 31 December 2019, and every ten years thereafter.

Quotes

Energy efficiency rapporteur Miroslav Poche (S&D, CZ) said: “Increased energy efficiency is a win-win policy for all Europeans. It is a good deal for our citizens, as it will bring about major reductions in energy consumption, thus reducing bills. But it is also great news for the competitiveness of European industry, reducing costs and stimulating investment.”

The rapporteur for renewables José Blanco López (S&D, ES) said: “We disincentivised investments in new production of food crop-based biofuels and we have pushed for advanced biofuels. We also managed to strengthen self-consumption as a right, and included the Parliament’s wish for a ban on charges and fees on self-consumed energy as a general rule.”

Next steps

Once the Council formally adopts the deal, the new rules will be published in the Official Journal, and enter into force 20 days after publication. The regulation on governance will be directly applied in all member states, whereas member states will have to transpose the new elements of the other two directives into national law no later than 18 months after its entry into force.

Source: European Parliament

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Apples and pears. The Russians are commenting on PGNiG’s LNG contracts with the US (ANALYSIS) http://biznesalert.com/pgnig-lng-usa-contract-russia/ http://biznesalert.com/pgnig-lng-usa-contract-russia/#respond Wed, 14 Nov 2018 09:00:45 +0000 http://biznesalert.com/?p=2658 The Russian media react to news of the third PGNiG contract for LNG supplies from the USA. It involves mixing information about different contracts to support the thesis that they can not be profitable. The agreement with Cheniere reveils its lies – writes Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl. Politics or business? RIA Novosti journalist Maxim […]

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The Russian media react to news of the third PGNiG contract for LNG supplies from the USA. It involves mixing information about different contracts to support the thesis that they can not be profitable. The agreement with Cheniere reveils its lies – writes Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl.

Politics or business?

RIA Novosti journalist Maxim Rubchenko presented the facts and opinions about the PGNiG-Cheniere agreement for the supply of liquefied gas from the USA. The companies have signed a long-term agreement for 24-year LNG supplies from the US from Cheniere Energy. The contract is for deliveries of 0,52 million tonnes of LNG (0,7 bcm after re-gasification) in the years 2019-2022 and about 29 million tons (about 39 bcm) in 2023-2042.

Rubchenko describes these contracts along with two earlier ones from October. PGNiG concluded two binding long-term contracts for the supply of liquefied gas with Venture Global Cacasieu Pass and Venture Global Plaquemines LNG. each of the agreements provides for the purchase by PGNiG of approximately 1 million tonnes of LNG (ie approximately 1,35 bcm of natural gas after regasification) per year for 20 years.

The Russian journalist states in advance that the agreement with Cheniere is political in character. In his opinion, the US will be loyal to Poland in exchange for lucrative contracts that will be unprofitable for it. Meanwhile, Poland is to be guided by the principle: “what’s good for the US, is good for us” as part of the confrontation with Germany and France in the European Union. Meanwhile, LNG supplies to Poland using the terminal in Świnoujście are possible, among other things, thanks to the project’s support by the European Commission. In turn, the said Germany declares that they will build an analogue gas terminal at home, and the French ENGIE is involved in the Cameron LNG export terminal project in the United States. LNG supplies from the USA are therefore an attractive business direction for PGNiG, as well as its counterparts in Western Europe. It is also an important political direction supported by the entire European Union.

Comparing apples and pears

The Russian describes inaccurately the difference between contracts concluded by Poles in the autumn. The October agreements include the Free on Board clause, which dumps all responsibility for the load and price changes on the Poles. They are to be dedicated to the global market and probably will not go to Poland. The agreement with Cheniere takes into account the Delivery ex Ship clause, which means that Americans take responsibility for the cargo. It reminds that they will go to the Polish market. However, a bit further Rubczenko states that the contract with Cheniere dumps the transport costs on Poles. This is a mistake or deliberate manipulation. PGNiG informs that the price negotiated in this agreement is not increased by these costs, and their fluctuations fall on the US shoulders thanks to the DES clause, which is not mentioned by the RIA Novosti journalist.

Rubchenko suggests that transport prices will grow because of expected harsh winter. However, in the case of a contract with Cheniere, these fluctuations are a risk for the Americans and will not affect the costs incurred by the Poles. The Russian adds an argument to fluctuations in LNG prices on the Henry Hub, from which the contract with Cheniere will be dependent. The answer to this volatility is, however, a contract for delivery through the Baltic Pipe gas pipeline. Another problem for Poles is the fact that American yards are just going to release new tankers needed for the implementation of LNG contracts signed with PGNiG. This is to mean that the costs of their construction will also be included in the contract. It is worth once again referring to the DES clause, which leaves all variables of this type on the shoulders of the supplier. Readers of RIA Novosti will not find out about it from this agency’s press release.

One might wonder whether RIA Novosti deliberately analyze all three contracts at the same time despite the fact that the third differs from the first two. These agreements have different conditions and have been signed for different purposes. The October contracts are directed to the global market and with the FOB clause transfer responsibility for price changes to PGNiG. The contract with Cheniere aimed at the Polish market with the DES clause does not take into account transport costs and transfers responsibility for fluctuations in prices to Americans. Rubchenko puts them in one bag and states that they must be unprofitable for the Poles.

Meanwhile, PGNiG is able to successfully sell liquefied gas with the US model of Austrian OMV or Dutch-British Shell in Asia. Nevertheless, the RIA Novosti journalist argues that LNG from the USA will find it difficult to compete with supplies from the Russian gas pipeline, Siberian Power, to be ready by 2020. He does not mention that he will not be working immediately with a full capacity of 38 billion cubic meters annually and will not meet the constantly growing demand of China, which increase the import of liquefied gas.

On the other hand, supplies from Cheniere to Poland with a breakthrough record on the American Stock Exchange and the responsibility for price fluctuations on the American side may be competitive to the offer in Europe, including Russia. PGNiG declares that they will be cheaper than the gas offered under the Yamal contract by 20-30 percent, which means that they can be comparable to levels on European stock exchanges.

LNG from the USA may threaten Russia

Comparing apples and pears combined with political subjugation Poska vis-à-vis the US is to divert attention from the fact that the PGNiG-Cheniere agreement is lying to the key thesis of Russia’s information policy that LNG from the United States will not be competitive with supplies from Russia. It is the opposite. The contract concluded in November will be one of the elements that will allow Poland to economically reduce or abandon deliveries from Gazprom, and thus offset the political influence of Moscow resulting from the dependence on Russian gas imports.

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Why does PGNiG need the third LNG contract with the US? (ANALYSIS) http://biznesalert.com/pgnig-cheniere-lng-usa-poland-2/ http://biznesalert.com/pgnig-cheniere-lng-usa-poland-2/#respond Fri, 09 Nov 2018 09:00:05 +0000 http://biznesalert.com/?p=2653 PGNiG surprised everyone. In the museum of gas, in the presence of the US Secretary of Energy and the President of the Republic of Poland, another contract for LNG supplies was signed. There may be more. Poles want cheaper alternatives to deliveries from Russia and greater involvement of Americans in the region, writes Wojciech Jakóbik, […]

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PGNiG surprised everyone. In the museum of gas, in the presence of the US Secretary of Energy and the President of the Republic of Poland, another contract for LNG supplies was signed. There may be more. Poles want cheaper alternatives to deliveries from Russia and greater involvement of Americans in the region, writes Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl.

Third LNG contract with the USA

Polskie Gornictwo Naftowe i Gazownictwo has signed a long-term contract for 24-year LNG supplies from the USA from Cheniere Energy. The contract is for deliveries of 0,52 million tonnes of LNG (0,7 bcm after re-gasification) in the years 2019-2022 and about 29 million tons (about 39 bn m) in 2023-2042.

In October, PGNiG concluded two binding long-term contracts for the supply of liquefied gas with Venture Global Cacasieu Pass and Venture Global Plaquemines LNG. each of the agreements provides for the purchase by PGNiG of approximately 1 million tonnes of LNG (ie approximately 1,35 bcm of natural gas after regasification) per year for 20 years. Deliveries will be carried out in a free-on-board (FOB) formula, meaning PGNiG assumes responsibility for the load from the moment it is loaded. The gas is to arrive from installations that are to be commissioned not earlier than in 2022 and 2023, that is after the end of the Yamal contract between PGNiG and Gazprom.

Additionally, there are LNG supplies from Qatar, which thanks to the May 2017 annex from the beginning of this year reach 2 million tonnes, or 2,7 billion cubic meters after regasification until 2034.
It is worth noting that supplies from Cheniere in 2019-2022, ie until the end of the Yamal contract, will be negligible, because for three years they will total together at 1,35 billion cubic meters. However, from 2023, they are to reach up to 2 billion cubic meters at the top annually. Together with deliveries from Venture Global (twice a year 1,35 billion cubic meters per year), From 2023 Poles will have 4,7 billion cubic meters of LNG from the USA annually at their disposal. If we add 2,7 billion cubic meters annually to it, 6,4 billion cubic meters per year are coming out of Qatar.

For this reason, in the media (especially Russian), there may be voices that in this case, the capacity of the LNG terminal in Świnoujście is not enough, which is to reach 7,5 billion cubic meters annually. However, supplies from Venture Global should be deducted. Theoretically, all imports from the USA could be diversified, but not all will be allocated for this purpose. It is worth recalling that these agreements with the FOB clause are dedicated to the global market.

Copernican breakthrough

The contract with Cheniere includes the Delivery ex Ship clause, which transfers the responsibility for delivering the cargo to an American supplier. This means that any fluctuations in the market will increase costs on the part of the supplier, but will not increase the price paid by the recipient, that is PGNiG. It is the success of the London office of PGNiG. The company’s president admitted that the talks were held for a year with various twists and turns.

– Deliveries are dedicated to the Polish market – said Woźniak. The Copernican breakthrough consists in the fact that deliveries contain the DES clause and go to Świnoujście because of their probable competitiveness to the offer on the European stock exchange. Their prices should not count with a 15 percent bonus for transportation in traditional Cheniere Energy contracts. Although officials can not reveal the content of the contract, I was convinced after the conference with US energy secretary Rick Perry that the price of the contract with Cheniere will be able to compete freely with the offer in Europe and is therefore dedicated to the Polish market. A representative of Cheniere Energy acknowledged that the contract contains a record allowing for the change of collection points.

The top of the delivery is expected to reach 2 billion cubic meters annually. According to the head of PGNiG, the contract has 20-30 percent better conditions than in the Yamal contract. In addition, the agreement for the Cheniere Energy gas terminal. – It is enough to support Cheniere’s investment plans – said Piotr Woźniak. The gas is to arrive from the terminals Sabine Pass LNG and Corpus Christi LNG. – The price obtained in the negotiations is much lower than in the contract with Gazprom – he added. The President of PGNiG also announced the signing of two further contracts for the supply of American liquefied gas. This is a harbinger of new realities on the gas market, where contracts are small and diverse, and there are many suppliers. It is worth noting that PGNiG diversifies not only the sources of supply to Poland, but also US suppliers, which improves its negotiating position on the other side of the Atlantic.

A game for Fort Trump

However, the agreement with Cheniere, like the previous ones, also has political significance. Poles encourage Americans to deepen their engagement in the region through successive business arrangements. – Today’s event is part of the Polish direction of supply diversification, energy security of the eastern flank of Europe – said energy minister Krzysztof Tchórzewski. In his opinion, cooperation with the USA is a pillar of Poland’s freedom and security. – The agreement is another contribution to the construction of Poland’s energy security after the expiry of existing agreements – he added.

– I hope that this is only a prelude to further cooperation, and Poland and the United States will undertake further undertakings strengthening it – declared the minister. He stressed that this is a matter of security for Poland. It is worth combining these words with negotiations on the construction of a US military base on the Polish territory called Fort Trump. Subsequent contracts for LNG, oil or coal will help keep Donald Trump’s administration in Poland focused on business relations. “Doing deals is good” said Rick Perry literally at the press conference.

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Polish Briefing: PGNiG-Cheniere agreement. Partnership on the eastern flank for years http://biznesalert.com/pgnig-cheniere-lng-poland/ http://biznesalert.com/pgnig-cheniere-lng-poland/#respond Fri, 09 Nov 2018 08:00:59 +0000 http://biznesalert.com/?p=2649 What goes on in Poland on the 9th of November. PGNiG-Cheniere agreement PGNiG signed a contract with Cheniere Energy for LNG supplies from the USA to Poland. It is to be another element of long-term political and economic cooperation of both countries. PGNiG signed a long-term agreement for 24-year LNG supplies from the USA from […]

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What goes on in Poland on the 9th of November.

PGNiG-Cheniere agreement

PGNiG signed a contract with Cheniere Energy for LNG supplies from the USA to Poland. It is to be another element of long-term political and economic cooperation of both countries.

PGNiG signed a long-term agreement for 24-year LNG supplies from the USA from Cheniere Energy. The contract is for deliveries of 0,52 million tonnes of LNG (0,7 bcm after re-gasification) in the years 2019-2022 and about 29 million tons (about 39 bcm) in 2023-2042. The contract includes the Delivery ex Ship clause, which transfers the responsibility for delivering the cargo to an American supplier.

President Andrzej Duda reminded that two years had passed since the talks during the visit of US President Donald Trump to Poland when the subject of LNG supplies from the USA was submitted. Duda reminded that the Poles were interested in the condition of presenting an economically attractive offer.

– Today, Cheniere Energy will conclude an agreement with PGNiG for long-term LNG supplies to Poland – he said. He reminded that it would not have been possible without the initiative of the President Lech Kaczyński, who initiated the construction of the LNG terminal in Świnoujście. – Poland has a terminal in Świnoujście and is expanding it – he said.

He added that the Baltic Pipe gas pipeline is to be created in order to ensure diversification of gas supplies. Both projects can be used by Poland and its neighbors if they are interested.
– Poland wants to cooperate in the field of security. Today, American military units are present on Polish soil. I am glad that this cooperation is also developing in the economic sphere. This is the real economic partnership – the President concluded. – I hope that this contract, meaning long-term cooperation, will be the introduction to further joint action – he concluded.

– The future of Europe will depend on Poland’s decision in the next years, especially in the energy sector – said US energy secretary Rick Perry. – Our bond is directly related to energy. Diversification in the energy sector is crucial for Poland’s position. You see it, your leadership sees it – he added.

– It is a signal to the rest of Europe about what the future of energy can look like. It is a great day for Europe. You will not be more limited as to where you buy gas and how you use it – said Perry. – It’s hard to send a stronger message than this one today – he finished.

– This atmosphere is a priceless thing that will enable the development of cooperation that we show today in practice. This is the future for the next decades – said the government plenipotentiary for strategic energy infrastructure Piotr Naimski. He read the letter from the President of Law and Justice Jarosław Kaczyński in this matter.

– Today’s event is part of the Polish direction of supply diversification, energy security of the eastern flank of Europe – said energy minister Krzysztof Tchórzewski. In his opinion, cooperation with the USA is a pillar of Poland’s freedom and security. – The agreement is another contribution to the construction of Poland’s energy security after the expiry of existing agreements – he added.

– I hope that this is only a prelude to further cooperation, and Poland and the United States will undertake further undertakings strengthening it – declared the minister. He stressed that this is a matter of security for Poland.

Two more contracts coming up

The president of PGNiG has announced the signing of two further contracts for the supply of American liquefied gas. – The contract is concluded for a long period – admitted the CEO of PGNiG Piotr Woźniak. In his opinion, the agreement is the result of annual negotiations with a sales office in London. – There were no shortcuts, there were turning points, but eventually there is an agreement – he added. He announced that two more contracts could be signed.

In his opinion, LNG and gas purchases from Norway are intended to diversify, not to justify the economic construction of the infrastructure: LNG terminal and Baltic Pipe. – We do not do this only for our own satisfaction, but the benefits that our clients will receive with the help of well negotiated contracts – said Woźniak. He reminded that deliveries from Russia were interrupted seven times without reason. – In the case of a contract with Cheniere, there is no such risk.

– These are 20-30 percent better conditions than in the Yamal contract – the head of PGNiG said. Deliveries in the summit are expected to amount to around 2 billion cubic meters annually. He admitted that in the future, the development of supply from alternative directions may allow for the abandonment of Russian supplies. He reminded that LNG from Poland goes to the local market and the volume of supplies will grow.

– We have no restrictions. The terminal is an extremely flexible tool – assured Woźniak. – Cheniere is our regular partner for the next 24 years. At least in this perspective, we have stabilized the Polish market against unexpected supply interruptions, which should not happen any more.

According to the president of PGNiG, the contract has 20-30 percent better conditions than in the Yamal contract. The entire supply chain is the responsibility of Americans through the DES clause. – It is enough to support Cheniere’s investment plans – said Piotr Woźniak. The gas is to arrive from the terminals Sabine Pass LNG and Corpus Christi LNG. A representative of Cheniere Energy acknowledged that the contract contains a record allowing for the change of collection points. – Deliveries are dedicated to the Polish market – said Woźniak. – The price obtained in the negotiations is much lower than in the contract with Gazprom – he added. The chairman said that the gas was to come from shale deposits.

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CEEP: Tremendous accomplishments of cross border energy cooperation in Central Europe http://biznesalert.com/ceep-cede-2018-brussels/ http://biznesalert.com/ceep-cede-2018-brussels/#respond Thu, 08 Nov 2018 10:00:48 +0000 http://biznesalert.com/?p=2650 Central European countries have achieved significant results in the field of cross-border energy cooperation, both in gas and electricity sectors. A key reason for this progress is the increasing infrastructural interconnectivity and integration of the markets. There has also been remarkable progress achieved in the synchronization of the Baltic States with the continental European network. […]

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Central European countries have achieved significant results in the field of cross-border energy cooperation, both in gas and electricity sectors. A key reason for this progress is the increasing infrastructural interconnectivity and integration of the markets. There has also been remarkable progress achieved in the synchronization of the Baltic States with the continental European network. What’s more, due to the liberalisation processes and legal system in place, cross-border trade is growing dynamically in the region. These were the main conclusions of the 3rd Central European Day of Energy Conference held on the 5th of November in Bruxelles.

Vice-President of the European Commission in charge of the Energy Union, Mr. Maroš Šefčovič pointed out that it is now clearer than ever that a single well-integrated energy market is a prerequisite for Europe for building a future-proof low-carbon economy. It is a prerequisite for facing the challenges of the 21st century; notably climate change, pollution, and the modernisation of our entire economy. No EU country can handle any of these challenges on its own; not in the West, nor in the East. Regional cooperation is a necessity.

Given that Central European states have already acquired a strong level of interconnection and integration, Chairman of the Board of Directors of CEEP, Mr. Leszek Jesień stressed the importance of cooperation in the electricity sector as demonstrated by the example of Regional Security Coordinators (RSC). “The regional cooperation should follow bottom – up logic. In this regard the EU support and coordination is one of the crucial factors facilitating it. Flexibility, however, remains a key feature enabling the enhancement of the cooperation. On the other hand, administratively imposed obligations and measures would not guarantee desired outcomes.”

The agenda for regional cooperation in Central Europe is becoming more ambitious. Firstly, it focused mainly on gas infrastructure interconnections to ensure security of supply. Currently and increasingly its aim is proper management of electricity flows, development of smart solutions and innovations which support cost-efficient energy transition in the region” stressed Mr. Jerzy Buzek, Member of the European Parliament, and Chair of the ITRE Committee.

CEEP members and other stakeholders from the EU-11 that have participated at the high-level conference debated different aspects and scopes of the cooperation. The discussions centred around the appropriate administration of the flows, the need for an accurate institutional framework, bidding zones delimitation and better coordination of cross-border trade. The participants agreed in principle that most effective solutions to the problems related to transmission and supply are possible mainly at the regional level.

“Regional cooperation is a key element of the European Energy Policy and an indispensable stepping stone for the establishment of a truly European Internal Energy Market. Thanks to the regional cooperation, through the Connecting Europe Facility, the Central European countries are improving their level of interconnectivity and their functional resilience in particular markets. The intensive and comprehensive projects and initiatives in the region are not only beneficial for Central European countries but, as a consequence, for the entire European Union Energy Market” commented Mr. Dominique Ristori, Director-General of DG Energy.

Central European Day of Energy showed the need for discussion on region-related problems and challenges. During the event, the speakers focused on the ongoing and future projects which connect the markets and make the region more economically resilient. “We should however remember that not all the projects have been concluded so far. There is still a need for EU financial support in form of CEF and other funding mechanisms for development of new infrastructure. Thus in the coming EU financial perspective, sufficient resources shall be guaranteed for this purpose” concluded Maciej Jakubik, Executive Director of CEEP.

Central European Day of Energy 2018 was organised by the Central Europe Energy Partners in cooperation with the European Commission (DG Energy), with the support of International Visegrad Fund and under the auspices of the Slovak Presidency of the Visegrad Group, on the 5th of November in Brussels. This third edition of the conference was prepared in cooperation with partners from the Czech Republic (Masaryk University), Hungary (REKK), Lithuania (Kaunas University of Technology), Poland (Sobieski Institute), Romania (Romanian Energy Center), Slovakia (Slovak Foreign Policy Association), Bulgaria (Center for the Study of Democracy) and Croatia (Institute for Development and International Relations).

CEEP

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PGNiG signed a 24-year contract with Cheniere for LNG deliveries to Poland http://biznesalert.com/pgnig-cheniere-lng-usa-poland/ http://biznesalert.com/pgnig-cheniere-lng-usa-poland/#respond Thu, 08 Nov 2018 07:30:41 +0000 http://biznesalert.com/?p=2646 Polish Oil and Gas Company (PGNiG) and Cheniere Marketing International LLP have signed a long-term agreement for supplies of liquefied natural gas from the USA. In 2019-2022 the volume of supplies will total approximately 0.52 million tonnes of LNG, or approx. 0.7 bcm of natural gas after regasification, while in the period of 2023-2042, the […]

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Polish Oil and Gas Company (PGNiG) and Cheniere Marketing International LLP have signed a long-term agreement for supplies of liquefied natural gas from the USA.

In 2019-2022 the volume of supplies will total approximately 0.52 million tonnes of LNG, or approx. 0.7 bcm of natural gas after regasification, while in the period of 2023-2042, the total import volume will reach 29 million tonnes of LNG, which equals approx. 39 bcm of natural gas following regasification. It means that starting from 2023 every year PGNiG will purchase about 1.45 million tonnes of LNG, which equals approx. 1.95 bcm of natural gas after regasification.

LNG cargoes will be supplied on a delivered ex-ship basis to the President Lech Kaczyński LNG Terminal in Świnoujście with delivery provided by the seller.

“The agreed conditions, including the competitive price, are fully satisfactory for PGNiG. Thanks to this agreement we will have regular supplies of LNG from the USA starting as early as 2019. The share of LNG in our import portfolio is constantly increasing. The world’s liquefied natural gas market is rapidly growing and allows us to select the best offers in this area,” commented Piotr Woźniak, President of the Management Board of PGNiG SA.

“PGNiG is an important partner for Cheniere in a growing part of the European market, and we look forward to our long-term relationship providing PGNiG with clean, secure, and flexible LNG,” said Jack Fusco, President and CEO of Cheniere. “This contract supports our growth plans at Cheniere, continues our momentum of signing a diverse range of customers around the world, and reinforces our position as the leader in U.S. LNG,” he added.

LNG cargoes from Cheniere heading for Poland will depart from liquefaction facilities in Sabine Pass, Louisiana and Corpus Christi, Texas.

PGNiG

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The EU – the climate change combat leader or a lone runner? (COVERAGE) http://biznesalert.com/the-eu-the-climate-change-combat-leader-or-a-lone-runner-coverage/ http://biznesalert.com/the-eu-the-climate-change-combat-leader-or-a-lone-runner-coverage/#respond Wed, 07 Nov 2018 09:00:57 +0000 http://biznesalert.com/?p=2644 Yesterday, the building of the European Parliament was the venue of the “COP24 – The Road to Katowice: Changing Together for a Just Energy Transition” conference organised by EurActiv and the PKEE. Should the European Union as a whole increase its climate ambitions? Will we be the global climate policy leader or will we turn […]

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Yesterday, the building of the European Parliament was the venue of the “COP24 – The Road to Katowice: Changing Together for a Just Energy Transition” conference organised by EurActiv and the PKEE. Should the European Union as a whole increase its climate ambitions? Will we be the global climate policy leader or will we turn into a lone runner? The panellists were attempting to answer these questions, among others.

India needs clean coal

Member of the European Parliament Zdzisław Krasnodębski had reminded that Poland already has quite an experience in organising the climate summits. “Previously, other Polish cities – Poznań and Warsaw – were playing hosts to the COP conferences. Therefore, the climate change negotiations are a Polish speciality; we hope that the ones in Katowice will be as fruitful as the prior ones” – he said. He noted that now the European Union will want to raise its CO2 reduction ambitions. “In the nearest future, the European Commission will publish the 2050 Strategy. I sometimes have the impression that we are not considering the international context of climate change combat; we are not comparing what is happening in countries such as China, Russia or India. India, for instance, needs clean coal technologies. Without changes in other big countries, our fight will be pointless. We have to do a lot, we may not forget about the decarbonisation of the mining regions” – said Mr Krasnodębski.

The spirit of solidarity in Katowice

Minister Michał Kurtyka, on the government’s behalf responsible for the organisation of the December climate summit, has assured that his thoughts are already in Katowice. – “The first sessions will take place already by the end of November. This will be the third Polish COP. We will be discussing what rules we will be following concerning the reduction of emissions and absorption of CO2. We were executing our energy transition and the fight for a clean environment in solidarity and it is the spirit of solidarity we wish to share with the world in Katowice. Surely, there is still plenty to do, I am convinced that acting together we are able to achieve more than everyone acting alone” – assured Mr Kurtyka.

The leader or a lone runner?

Jerzy Buzek at the beginning of his statement has stressed that we have only one solution in the global scale – working together. “In the fight against the climate change, getting public support will be important, and that will not be easy. People have to understand that these measures are for them, not against them” – said the former Polish Prime Minister and added that the EU has 41 coal mining regions in 12 Member States. “We will be working on establishing the funds that will support delivering the energy transition, as it is about the quality of the air we are breathing and water we are drinking. The Paris Agreement was an important accord. We, as the European Union, have a dual responsibility – for the measures on the global scale and for our own actions. We also have to be careful not to transition from the role of the climate policy leader to the role of a lone runner” – warned Mr Buzek.

Fight for the climate with a little “but…”

Monika Morawiecka, Strategy Director at the Polska Grupa Energetyczna (PGE), said that the Polish energy industry became the European punching bag. “We are in support of the global warming dialogue, the Paris Agreement and the energy transition. The Polish power sector is changing. It is not a common knowledge that Poland has more installed RES capacity than Denmark . We are able to reach 10 GW from offshore wind farms in the Baltic Sea, PGE is deeply involved in such projects” – said Ms Morawiecka. She also added that PGE supports the electrification of the national economy and the transportation sector that will contribute towards air quality improvement. She noted, however, that there is one “but…”. “I am not sure if increasing the ambitions in the region that is not the biggest emitter will yield the desired result. We do not know if others will follow suit. High prices of the CO2 emission rights are damaging to us – they take away our money we could be spending on the energy transition” – she said.

Let’s do our own thing

A completely different opinion was voiced by the Spanish MEP from the Group of the Greens, Florent Marcellesi. “There is no such thing as clean coal technologies. If we want to achieve our climate goals, we need to restructure entire industries of our economies – the power sector, transportation, agriculture. The global climate policy needs a leader and after Donald Trump has withdrawn from the Paris Agreement, we should be the leader. We should not be looking to the others, but serve as an example to them” – appealed Mr Marcellesi.

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MEPs to Angela Merkel: Mrs. Chancellor, change course about Nord Stream 2! http://biznesalert.com/buetikofer-merkel-open-letter-nord-stream-2/ http://biznesalert.com/buetikofer-merkel-open-letter-nord-stream-2/#respond Wed, 07 Nov 2018 08:00:55 +0000 http://biznesalert.com/?p=2641 The federal government needs strength to change its course about Nord Stream 2. Now that the chancellor decided to give up her leadership in CDU, she should take this chance to sweep the obstacles from the way of German policy to make a European progress with new determination. Nord Stream 2 is a bad project […]

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The federal government needs strength to change its course about Nord Stream 2. Now that the chancellor decided to give up her leadership in CDU, she should take this chance to sweep the obstacles from the way of German policy to make a European progress with new determination. Nord Stream 2 is a bad project concerning energy, climate, environment, security, economy and alliance policies. So far the federal government has not sought for reasonable solutions, only excuses. The range of criticism in the European Parliament shows how Germany is isolated in this issue That is why I and my Lithuanian colleague Petras Auštrevičius (ALDE) have initiated an open letter to chancellor Angela Merkel. The letter was supported by 60 MEPs from five fractions as well as other signatories – writes a German MEP Reihard Bütikofer from the Greens. You can read the full letter below.

Brussels, 5 November 2018

Joint open letter regarding Nord Stream 2

Dear Madam Chancellor,

We write to you and to your government regarding the Nord Stream 2 pipeline – a project that continues to be developed in full speed despite all the concerns voiced from many of Germany’s European neighbours and from European institutions.

Whatever the reasons behind Russia’s efforts to build Nord Stream 2, one thing is clear: Russia is not building this pipeline alone. Several European companies are cooperating with Gazprom for the project. But even more importantly, Nord Stream 2 would not be built without the consistent support that your governments, Madam Chancellor, have lent to it for many years. It is more than obvious that Nord Stream 2 would fall, wasn’t there the decision by the German government to ignore all opposition to this economic deal with far-reaching political implications. It might benefit a few, but it would have severe economic down-sides on a larger scale and very destructive and corrupting political consequences.

Time has come to call a spade a spade. Germany’s position on Nord Stream 2 runs counter to the goals of the European Energy Union. It antagonizes many of Germany’s partners because it leaves their interests unaddressed, and it gives Russia additional strategic leverage over the EU because it increases the EU’s energy dependency on Russia.

Your government, Madam Chancellor, is allowing a major rift between EU member countries to fester at a time when the EU needs cohesion more than ever before. Europe cannot afford this. Nor can Germany.

Germany, by relying for up to 80% of its gas supplies solely on Gazprom, would automatically reduce its own energy independence. The impact on the energy security of the EU would also be negative, with significant impacts beyond the realm of energy policy. Germany is ignoring the security concerns that countries around the Baltic, NATO and the United States of America have been warning against. Germany’s own security is obviously intimately connected to that of its neighbours and partners. Germany, by holding on to Nord Stream 2, would continue to act as a divider. Germany would act against the will of the European Commission, the European Parliament and the majority of the Council of the European Union.

We ask you, Madam Chancellor, that your government reconsiders and changes its policy on Nord Stream 2. Stop blocking the work on the Gas Directive. Support the course set by the European Commission and the European Parliament. Let Russia’s President know that Germany will stand by its EU partners and by Ukraine. Choose the European way, not the “Germany first” way. Just recently, the bitter British experience with Russian meddling has demonstrated amply, how important it is for affected parties to be able to rely on the solidarity of their partners.

The benefits of Nord Stream 2 would go to the Kremlin, to Gazprom and, maybe, to a few Western companies. The heavy political cost for completing Nord Stream 2 would fall on Germany’s shoulders. Is that in Germany’s interest? Does Germany live up to its European responsibility by putting some very particular interests above our shared European interest? You know, Madam Chancellor, that the answer to both questions is “No”.

Germany, by acting short-sightedly, would undermine the solidarity principle within the EU. That is the very principle on which the EU must be based, if it is to be successful. Your government is not following the right priorities, Madam Chancellor. Please, do change course!

Yours sincerely,

Petras Auštrevičius, MEP ALDE, Lithuania Reinhard Bütikofer, MEP Greens/EFA, Germany
Laima Andrikienė, MEP EPP, Lithuania Margarete Auken, MEP Greens/EFA, Denmark Zigmantas Balčytis, MEP S&D, Lithuania
Bas Belder, MEP ECR, Netherlands
Bendt Bendtsen, MEP EPP, Sweden
Vilija Blinkevičiūtė, MEP S&D, Lithuania Michał Boni, MEP EPP, Poland
Elmar Brok, MEP EPP, Germany
Michael Cramer, Greens/EFA, Germany Ryszard Czarnecki, MEP ECR, Poland
Pascal Durand, MEP Greens/EFA France
Bas Eickhout, MEP Greens/EFA, Netherlands José Inácio Faria, MEP EPP, Portugal
Fredrik Federley, MEP ALDE, Sweden
Michael Gahler, MEP EPP, Germany
Benedek Jávor, MEP Greens/EFA, Hungary Eva Joly, MEP Greens/EFA, France
Sven Giegold, MEP Greens/EFA, Germany
Ana Maria Gomes, MEP S&D, Portugal
Igor Gräzin, MEP ALDE, Estonia
Theresa Griffin, MEP S&D, UK
Antanas Guoga, MEP EPP, Lithuania

Martin Häusling, MEP Greens/EFA, Germany Rebecca Harms, MEP Greens/EFA, Germany Hans-Olaf Henkel, MEP ECR, Germany
Maria Heubuch, MEP Greens/EFA, Germany Gunnar Hökmark, MEP EPP, Sweden
Marek Jurek, MEP ECR, Poland
Karol Karski, MEP ECR, Poland
Tunne Kelam, MEP EPP, Estonia
Jeppe Kofod, MEP S&D, Denmark
Andrey Kovatchev, MEP EPP, Bulgaria Zdzisław Krasnodębski, MEP ECR, Poland Philippe Lamberts, MEP Greens/EFA, Belgium Monica Macovei, MEP ECR, Romania Svetoslav Malinov, MEP EPP, Bulgaria Ramona Mănescu, MEP EPP, Romania Florent Marcellesi, MEP Greens/EFA, Spain Édouard Martin, MEP S&D, France
Valentinas Mazuronis, MEP ALDE, Lithuania Tamás Meszerics, MEP Greens/EFA, Hungary Tilly Metz, MEP Greens/EFA, Luxembourg Ana Miranda, MEP Greens/EFA, Spain Alessia Mosca, MEP S&D, Italy
Luděk Niedermayer MEP, EPP, Czech Republic Urmas Paet, MEP ALDE, Estonia
Ivari Padar, MEP S&D, Estonia
Miroslav Poche, MEP S&D, Czech Republic
Jiří Pospíšil, MEP EPP, Czech Republic Carolina Punset, MEP ALDE, Spain
Bronis Ropė, MEP Greens/EFA, Lithuania Dariusz Rosati, MEP EPP, Poland
Algirdas Saudargas, MEP EPP, Lithuania Molly Scott Cato, MEP Greens/EFA, UK Monika Smolkova, MEP S&D, Slovakia Bart Staes, MEP Greens/EFA, Belgium Ivan Štefanec, MEP EPP, Slovakia
Jaromír Štětina, MEP EPP, Czech Republic Richard Sulik, MEP ECR, Slovakia
Indrek Tarand, MEP Greens/EFA, Estonia Ramon Tremosa i Balcells, MEP ALDE, Spain Helga Trüpel, MEP Greens/EFA, Germany Monika Vana, MEP Greens/EFA, Austria Anders Vistisen, MEP ECR, Denmark
Anna Zaborska, MEP EPP, Slovakia Flavio Zanonato, MEP S&D, Italy Roberts Zīle, MEP ECR, Latvia

Linas Balsys, MP Lithuanian Green Party, Lithuania Lisa Badum, MP Greens, Germany
Annalena Baerbock, Co-Chair Greens, Germany Matthias Gastel, MP Greens, Germany
Eugenijus Gentvilas, MP Liberals’ Movement, Lithuania Katrin Göring-Eckardt, MP Greens, Germany
Anton Hofreiter, MP Greens, Germany
Michael Jungclaus, MP Brandenburg Greens, Germany Marko Kaasik, Vice-Chairman Greens, Estonia
Marek Kossakowski, Co-Chair Greens, Poland
Sylvia Kotting-Uhl, MP Greens, Germany
Oliver Krischer, MP Greens, Germany
Vytautas Landsbergis, Former MEP, Former Chairman of Seimas, Lithuania Claudia Müller, MP Greens, Germany
Ingrid Nestle, MP Greens, Germany
Omid Nouripour, MP Greens, Germany
Pia Olsen Dyhr, Party Leader Greens (SF), Denmark Manuel Sarrazin, MP Greens, Germany
Heide Schinowsky, MP Brandenburg, Greens, Germany Małgorzata Tracz, Co-Chair Greens, Poland
Axel Vogel, MP Brandenburg Greens, Germany

Source: ReinhardBütikofer.eu

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Gaz-System’s platform will contribute to the development of the regional gas market http://biznesalert.com/gaz-system-gsa-platform/ http://biznesalert.com/gaz-system-gsa-platform/#respond Wed, 31 Oct 2018 10:00:43 +0000 http://biznesalert.com/?p=2634 Within the framework of the undertaken proceedings, the European Agency for the Cooperation of Energy Regulators (ACER) selected the GSA Platform created on the initiative and used by Gaz-System out of the three capacity booking platforms available on the market. As a result, this IT tool will be used by gas transmission system operators at […]

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Within the framework of the undertaken proceedings, the European Agency for the Cooperation of Energy Regulators (ACER) selected the GSA Platform created on the initiative and used by Gaz-System out of the three capacity booking platforms available on the market. As a result, this IT tool will be used by gas transmission system operators at the Polish-German border.

The decision issued on 16 October 2018 means that transmission system operators (TSOs) will offer capacity through this platform at interconnection points on the Polish-German border, i.e. “Mallnow” and “GCP GAZ-SYSTEM/ONTRAS”. The first one is located on the Yamal-Europe transit pipeline, which is operated by Gaz-System. It connects to the adjacent gas transmission system operated by GASCADE. The next point is the virtual point GCP GAZ-SYSTEM/ONTRAS comprising the following physical points: Gubin, Kamminke and Lasów, located at the interconnection with the ONTRAS network, along the western border of the Lubuskie Voivodeship, Zachodniopomorskie Voivodeship and Lower Silesia. Until now, capacity booking has been taking place through two separate platforms.

The GSA Platform, developed on the initiative of Gaz-System, is an independent, proprietary IT tool for offering capacity in gas transmission systems. The Agency’s assessment covered compliance with EU and national regulatory requirements, security of IT infrastructure, organisational governance and functionality and cost of use. In the course of the proceedings, the highest score was given to the Polish GSA Platform. As a result of this decision, the capacity for the points on the Polish-German border will be available on a single platform, and may thus be offered on a bundled basis. The ACER’s decision will be valid for 3 years.

We appreciate the fact that the tool we have used so far has been found to be the most competitive on the European market. We are glad that other participants will also benefit from it. We hope that this decision will support further integration of the gas market pursued by Gaz-System’ – said Tomasz Stępień, President of the Management Board of GAZ-SYSTEM. Poland’s diversification policy opens up opportunities to create a gas hub in Poland by guaranteeing diversified sources and directions of supply. This, combined with the development of interconnections and the growing popularity of IT tools such as the GSA Platform, supports the prospects for the development of an integrated gas market in Europe.

What is the GSA Platform?

The GSA Platform was established in July 2014 as a response to the requirements of the European Network Code, which defines the mechanisms for capacity allocation in gas transmission systems. By participating in auctions, market participants can book capacity at interconnection points through the GSA Platform.

Gaz-System

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With the right reforms, Romania could reap the rewards of wind http://biznesalert.com/wind-europe-romania/ http://biznesalert.com/wind-europe-romania/#respond Wed, 31 Oct 2018 08:00:12 +0000 http://biznesalert.com/?p=2639 Romania should harness onshore wind to meet growing demand for electricity instead of investing in conventional power – this was the message WindEurope CEO Giles Dickson told the annual meeting of the Romanian Wind Energy Association in Bucharest today. Wind energy provided 12.2% of Romania’s electricity last year. With a more flexible grid and inter-connectors […]

Artykuł With the right reforms, Romania could reap the rewards of wind pochodzi z serwisu BiznesAlert EN.

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Romania should harness onshore wind to meet growing demand for electricity instead of investing in conventional power – this was the message WindEurope CEO Giles Dickson told the annual meeting of the Romanian Wind Energy Association in Bucharest today.

Wind energy provided 12.2% of Romania’s electricity last year. With a more flexible grid and inter-connectors to neighbouring countries, the share of wind and other renewables in Romania’s electricity could rise to 35% by 2030. This potential should be reflected in the draft National Energy and Climate Plan that Romania (and all EU countries) must submit to the European Commission by the end of 2018.

The International Renewable Energy Agency has highlighted the enormous potential for wind energy in South East Europe: 532 GW. But this potential is not being realised in Romania and in the wider region because regulatory uncertainty has pushed up the cost of capital. Romania has the opportunity to drive ambition on renewables in the region when it takes over the EU Presidency in January 2019.

WindEurope CEO Giles Dickson said: “With electricity demand predicted to rise in Romania, the country urgently needs to invest in new power capacity. Onshore wind is now the cheapest form of new power in Romania and many parts of Europe. And it’s reliable. And it’s getting easier and cheaper to integrate it in the energy system. That’s why so many corporate and industrial power consumers are now buying wind energy. Making huge investments in old fossil fuel technology today makes no economic sense whatsoever. Wind and other renewables could cover up to 35% of Romania’s electricity by 2030, provided there are more flexible grids and with the help of inter-connectors to Romania’s neighbours.

“According to the International Renewable Energy Agency, there’s huge potential for wind in South East Europe: 532 GW. But this is largely untapped, despite the green shoots of growth appearing in Serbia, Croatia, Ukraine and Greece. And in Bulgaria, where the government recently passed a law allowing for corporates to sign Power Purchase Agreements. This is because wind farms in Romania and the region cost most than in North West Europe – because recent regulatory uncertainty mean investors demand higher costs of capital.

“To address this, we urge governments in the region to give clarity on their renewables plans and legislation in their 2030 National Energy and Climate Plans. The National Plans should cover the integration of regional energy markets, the development of joint renewable energy projects and long-term decarbonisation and electrification strategies. Investments, economies of scale and cost reductions will only happen when the industry is assured of stable policy and regulation”.

Source: WindEUROPE

Artykuł With the right reforms, Romania could reap the rewards of wind pochodzi z serwisu BiznesAlert EN.

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