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Roxana Caliminte, GIE: Europe needs new investments in green gas infrastructure and storage

5 July 2022
Oil&Gas
Bogdan Tudorache

Europe needs new investments in green gas infrastructure and storage and needs to find new sources once Russian gas is shut off, Roxana Caliminte, Deputy Secretary General at Gas Infrastructure Europe (GIE), at the Energy Strategy Summit 2022, an event organized by Energynomics.

“Today’s world is totally different from four months ago. Because it is only today in Europe that we realize that energy security is like oxygen. You don’t realize how much you need it until you can’t breathe, and that’s what is happening today, and that’s what Europe’s energy security strategy should be about – about cementing Europe’s self-sufficiency through a mix of local, preferably – but not exclusively – renewable energy production, a broad palette of energy types and routes, and strong and secure governance of energy imports. Europe has focused far too much on the domestic market and largely abandoned international trade. This needs to be corrected and Europe’s gas infrastructure operators have all the tools to support this,” she said.

Gas currently accounts for 25% of Europe’s primary energy consumption. In the coming years, the plan is for gas to be replaced by low-emission gases, biomethane or hydrogen in the decarbonization process.

“The growing demand for green and low-carbon gas means that we will need to import, transport, store and export large volumes of gas in various forms. We can do this, but in stages, in the short, medium and long term. In the short term, until winter 2022-23, we are working day and night to overcome this crisis, but we see three pragmatic solutions for Europe to find new sources of gas. These can be brought in from LNG imports from Qatar, the US, or other exporters who have surpluses. It can be from pipeline imports from Algeria or Azerbaijan, or even by increasing domestic production of low-carbon, green gas. LNG operators are already developing new terminals in locations where they can serve the entire European market,” she said.

The second solution is sufficient storage with efficient routing. In addition, an adjustment of the existing infrastructure is needed to ensure that gas reaches all consumers in a timely manner, once Russian gas is shut off and new shipments need unprecedented rerouting of flows in the networks. In addition, major investment is needed – and policies must leave room for biomethane and biomethane infrastructure, but also for hydrogen infrastructure, which will need new infrastructure conditions, she said.

Gas Infrastructure Europe (GIE) represents the interests of 70 companies from 27 countries in Europe that operate gas infrastructure – high-volume gas pipelines, storage depots, LNG terminals. Members include Transgaz and Depogaz.

Energy Strategy Summit 2022 was organized by Energynomics with the support of its partners: ABB, BCR, CE Oltenia, Chimcomplex, Eaton, Electrica Furnizare, Electroalfa, EnergoBit, Enevo Group, European Energy, Eximbank, EY, Franklin Templeton, Horváth, ING, Hidroelectrica, Marsh, MET Energy România, Nuclearelectrica, BCR Pensii, Photomate, Powertis, Renomia Gallagher, Schneider Electric, Transelectrica, Volt, wpd.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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