PGC - B Strategy
| CHAIR |
VICE-CHAIR |
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| Mr. Fehti Arabi | Mr. Ulco Vermeulen | |
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| Algeria |
Netherlands |
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| Fax : (213) 021546408 |
tel:+31 505212902 |
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| SECRETARY | ||
| Mr. Malek Salim Benabdallah | ||
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| malek-salim.benabdall@Sonatrach.dz | ||
| Algeria | ||
| tel:+213 (0)21547000 Ext.60-70/71 |
INTRODUCTION
Present energy context is moving between the dilemma of supply guarantee and climate change, consequence of the massive use of fossil fuel to resolve energy problems.
In this scenario, energy decisions are favouring the implementation of renewable energies to solve both problems. However, renewable energies are not enough to solve the world’s energy supply problem and require a support fuel. Natural gas is, without doubt, the ideal fuel for this function and IGU, which has been characterized historically for its environmental and sustainability, is willing to study these synergies and provide constructive solutions for the future.
In addition, IGU has the will to reduce any adverse impact of industry installations. For that reason, studies are directed at studying formulas and processes which promote improvements in process efficiency and the safety of operations.
Looking into the future, applicable energy models are appearing which consider two final- use energy vectors: hydrogen and electricity and propose that CO2 be captured and confined. Undoubtedly, this model will have repercussions in the gas industry which must be analysed.
STUDY GROUPS
STUDY GROUP 1
The World Gas Supplies, Demand & Trade Study Group will:
• Continue to analyse regional scenarios and levels of uncertainty in gas supplies, demand and trade, by considering both the 2000 – 2035 timescale and identifying future scenarios that include the BAU and IGU green scenario
• Identify government policies and company strategies that affect:
• Indigenous gas supplies and exports including non conventional gas
• Local market development
• Development of alternative energies in the power generation sector
• Inter-regional trade
• Other stakeholders
STUDY GROUP 2
The Wholesale Gas Price Formation Study Group will:
• Assess the potential and implications of gas market globalisation, by considering LNG infrastructures and trade developments in particular, and also potential price convergences across global gas hubs
• Develop a better understanding of the price elasticity, price volatility and price drivers of gas on different markets and future gas price determinants,
• Continue to survey national wholesale prices and gas price formation methods in every country worldwide. This survey will include:
• Identifying the lessons to be learned and forecasting future trends
• Local gas price determinants in producing countries
• Develop a better understanding of the fuels that rival gas as a source of energy and their price elasticity, the true cost/benefits of price volatility, price drivers in different markets and their impact as well as the impact of different price mechanisms and indexation on baseload power generation
STUDY GROUP 3
The Strategy and Regulation Study Group will:
• Assess natural gas market reforms
• Develop case studies covering corporate responses to the technical, commercial and regulatory changes affecting the gas industry
• Share best industry experiences, by Identifying strategies to mitigate commercial and regulatory risks
• Identify the potential for cooperation between natural gas players with a focus on success stories between IOCs, NOCs and Service Providers
• Assess the effects of globalisation on the world gas supply chain, by understanding how industry structures will evolve, and how this will affect the number of firms in the gas business