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Security of Supply Through the New Lenses of Energy System Integration

Dates:
  • Wed 04 Nov 2020 14.00 - 15.00
  Add to Calendar 2020-11-04 14:00 2020-11-04 15:00 Europe/Paris Security of Supply Through the New Lenses of Energy System Integration

Online talk with the International Energy Agency

In its recently published Global Gas Security Review 2020, the International Energy Agency estimates a fall in global gas by 3% or 120 billion cubic metres (bcm) – its largest drop on record. Faced with a historic fall in global gas demand in the first half of the year, gas producers and exporters have had to provide flexibility to adjust supply. LNG was one of the key enablers of this adjustment, with monthly global exports decreasing by 17% between January and July.

At the same time, in Europe, the strong commitment towards decarbonisation and the initiatives undertaken to achieve a net-zero economy in 2050 are re-shaping the EU gas market – the traditional security of supply provider – with profound changes expected in the next few years at infrastructure, market and governance levels.

On the other hand, security of supply and flexibility are also to be provided via the electricity markets, even more in an increasingly electrified and integrated European energy system. Indeed, the IEA is working on a review of its Electricity Security Report as well.

How will energy security and flexibility be guaranteed in the future Energy Integrated System? Will LNG become the ultimate provider of security of supply?

The Head of FSR Gas, Ilaria Conti will discuss with Gergely Molnar and Sylvia Beyer (IEA), based on the main findings of the above-mentioned IEA publications.

Outside EUI premises - DD/MM/YYYY
  Outside EUI premises -

Online talk with the International Energy Agency

In its recently published Global Gas Security Review 2020, the International Energy Agency estimates a fall in global gas by 3% or 120 billion cubic metres (bcm) – its largest drop on record. Faced with a historic fall in global gas demand in the first half of the year, gas producers and exporters have had to provide flexibility to adjust supply. LNG was one of the key enablers of this adjustment, with monthly global exports decreasing by 17% between January and July.

At the same time, in Europe, the strong commitment towards decarbonisation and the initiatives undertaken to achieve a net-zero economy in 2050 are re-shaping the EU gas market – the traditional security of supply provider – with profound changes expected in the next few years at infrastructure, market and governance levels.

On the other hand, security of supply and flexibility are also to be provided via the electricity markets, even more in an increasingly electrified and integrated European energy system. Indeed, the IEA is working on a review of its Electricity Security Report as well.

How will energy security and flexibility be guaranteed in the future Energy Integrated System? Will LNG become the ultimate provider of security of supply?

The Head of FSR Gas, Ilaria Conti will discuss with Gergely Molnar and Sylvia Beyer (IEA), based on the main findings of the above-mentioned IEA publications.


Location:
Outside EUI premises -

Affiliation:
Robert Schuman Centre for Advanced Studies

Type:
Online Debate

Links:
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