Gas Flexibility Teleconference: Meeting the Short-term Winter Supply Demand Balance
26 Mar 2008 15:00 – 16:00 (London time) Teleconference Registration Deadline: 25 March 2008 No fee		Register for this Event
A number of Europe's gas markets are facing a tight winter, helped by relatively mild temperatures. The need for gas flexibility to meet winter demand is becoming more pressing and more complex as indigenous production declines and imports are sourced from further a field, and market linkages mean that looking at national markets in isolation of neighbouring developments can be misleading. The marginal source of supply over the winter is not always storage, as liquefied natural gas, spot gas, and interruptions are all of increasing importance. The state of play of Europe's gas winter markets will be reviewed during this Global Insight teleconference. On a consolidated basis, Europe has sufficient winter supplies and winter deliverability to meet a 1-in-50 winter demand and 1-in-20 peak demand when the markets are taken together over the medium term. Nevertheless, individually, there is not the same degree of comfort, and some countries face much tighter winter demand/supply conditions. During the teleconference, we will discuss some of these country-specific issues, as well as the conditions necessary for gas storage to function as a true form of flexibility, including transparent and liquid trading hubs, open access to Europe’s transport network, and consumers who can respond to price signals. We will also review winter 2007/08 and provide a discussion and initial outlook for winter 2008/09. Presented by: Andrew Ellis, Managing Director, European Energy Markets Cecile David, Senior Consultant, European Gas