European Union, LNG and Storage Strategy

Energy Markets Global presenting ‘Follow up study to the LNG and storage strategy’ adopted by the European Commission on 27 September 2017.

A consortium of Energy Markets Global, Tractabel and REKK was commissioned in December 2016 to carry out a follow up study to the LNG and storage strategy adopted by the European Commission in February 2016. For this project, EMG made use of our industry expertise and international range to:

1) Construct a database of every LNG liquefaction project worldwide, making this the most up to date and accurate picture of the LNG supply scene in the world, which has informed views on future LNG supplies availability;

2) Conducted interviews with a range of LNG industry participants across the world, including Europe, South Asia, Singapore;

3) Prepared case studies of trading in other relevant industries, so as to inform the discussion about LNG;

4) Analysed the market, commercial and legal issues around the LNG business, so as to draw conclusions on how global liquidity, transparency and flexibility can be further promoted into LNG.

EMG and partners were also responsible for analysing gas quality issues. Under the project, infrastructure modelling under security of supply conditions, rules on access, capacity allocation and other regulatory aspects on infrastructure. The team was also tasked to identify potential regional cooperation mechanisms related to access to storage capacity on a regional level, and the circle of countries where this cooperation could most realistically take place in the most cost-efficient way.

EMG was also tasked to Identify and assess the key issues regarding the liquidity and transparency of the global LNG market and the current level of development, including parallels and differences when it comes to oil markets.

It also Identified and described possible measures and initiatives (e.g. structured information exchange on LNG, etc) the EU can take as part of its energy dialogue with consumer, existing and potential supplier countries, international organizations and multilateral fora (such as the IEA, G7, G20, etc) to promote liquid and transparent global LNG markets.

EMG and its partner REKK also specified the direction for actions that could be taken in order to address the barriers identified under the above tasks.

DUBAI LNG

Energy Markets Global Limited (EMG) was commissioned by an International Oil Company in July 2017 to carry out a LNG access and market study of United Arab Emirates (UAE), specifically Dubai.

The study included an analysis and description of the structure surrounding LNG supplies to Dubai and other UAE states. It evaluated the new Floating Storage Regasification Unit (FSRU) contracted by the Dubai Government to upgrade the LNG import capacity from 3 million tons to 6 million tons a year.

EMG provided an update on the Dubai LNG situation, how LNG can arrive into Dubai and how it can reach consumers. This covered existing pipeline and LNG options.

West African Power Pool, Senegal

The Nigerian Team (TIN and NAPTIN) at WAPP, Dakar, Senegal, 24-26 January 2018

EMG (in partnership with Sofreco of France) were pleased to contribute to the meeting of the West African Power Pool (WAPP) in Dakar, Senegal, from 24-26 January 2018, to present our analysis of Kainji (a training facility within the National Power Training Institute of Nigeria, NAPTIN) as a WAPP regional training centre of excellence. This followed a detailed review, analysis and production of a business plan including investments to make the Kainji site a regional centre of excellence.