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Energy Markets Outlook: Events

The Energy Markets Outlook is intended to be an evolving information resource which will benefit from the input of a wide variety of stakeholders. The Energy Markets Outlook therefore includes a number of feedback/consultation events on particular aspects of EMO to help guide its future format and content.

16 April 2008: Natural Gas Event

The Energy Markets Outlook gas event at Central Hall Westminster on 16 April was well-attended with over 100 delegates registered. Attendees came from across the gas industry and included producers, traders, consultants, analysts and gas consumers. The event focussed on medium to long term gas supply issues and aimed to consider in more detail future drivers around the security of gas supply.

The event included a series of presentations followed by a break-out session and group discussion. BERR provided presentations on the Energy Markets Outlook analysis and on sources of supply and demand in competing EU gas markets. BP spoke on international reserves and production, the Energy Intensive Users Group gave a view from the demand side, and the Gas Storage Operators Group spoke on issues influencing the development of gas storage in the UK. Presentations were also provided by two of the key Norwegian gas players Gassco and StatoilHydro, who spoke on their views of the UK as an export destination.

A discussion was held following the presentations at which groups discussed the key factors for security of supply, including risks and drivers. A number of issues were recorded, including the following points:

• The importance of regulatory stability
• The role of an effective planning process to enable storage developments and building power stations
• The view of the UK’s interaction with the EU market; EU capabilities and resource nationalism
• Norwegian contracts – scope for moving away from oil-indexation on renewal
• Whether gas quality and NTS entry charges act as barriers to exports being directed to the UK market
• UK access to German and Belgian storage?
• The role of LNG, and the possibility it will serve as a marginal source rather than as baseload; the interaction with other LNG markets, such as Asia; renewal of LNG contracts when they expire
• Future price trends, including the influence of oil and coal including indexation
• Gas–electricity interaction; future fuel mix and role of gas in that fuel mix
• Supply information – issues that affect supply (rather than capacity) in the longer term, including who will send the gas. Implications for storage operators?
• The global perspective, including increasing demand in India and China
• Should we be paying as a nation to resolve security of supply issues?

Next Steps

The intention is that these issues should be given further consideration in the context of scoping the updated Gas Chapter for the next Energy Markets Outlook.

• Welcome to Energy Markets Outlook gas event: Neil Feinson, BERR & Andrew Wright, Ofgem (331KB)
• View from the demand side: Presentation by Jeremy Nicholson, Energy Intensive Users Group (EIUG) (17KB)
• International reserves and production: Presentation by Paul Appleby, BP (726KB)
• Improving the gas flow: Presentation by Thor Otto Lohne, Gassco (412KB)
• Drivers of gas sales: Presentation by Tor Martin Anfinnsen, Statoil (379KB)
• EU gas markets - source of supply and competing demand: Presentation by John Havard and Anjli Mehta, BERR  (530KB)
• Issues influencing the development of gas storage in the UK: Presentation by Roger Pearson, Gas Storage Operators Group (GSOG) (65KB)

18 February 2008: LNG - expanding the options for energy supply

The following presentations were provided at a BERR event on LNG: expanding the options for energy supply held on 18 February 2008 at which Energy Minister Malcolm Wicks provided the keynote address. Delegates gained a practical understanding of LNG supply, contracting and pricing issues, the opportunities and challenges for UK LNG supply growth, the place of LNG in the UK and world markets, regulation and public policy, and technical and safety considerations.

• LNG - a technical overview: Presentation by David Cox, Managing Director, Poyry Energy Consulting (1179KB)
• Development of the international LNG market: Presentation by Andrew Ellis, Managing Director Natural Gas Group, Global Insight (571KB)
• The LNG import experience and the UK gas network: Presentation by Neil Pullen, Gas Operations Manager UK transmission, National Grid (372KB)
• Impact on the UK gas supply market: Presentation by Simon Sydenham, Head of LNG, Centrica (215KB)
• LNG, the gas market and contracts – a user’s perspective: Presentation by Andrew Mackenzie, Ineos Chlor (333KB)
• LNG within the UK’s regulatory framework: Presentation by Carlos Martinez-Rico, Senior Economist GB Markets, Ofgem (882KB)
• LNG and the policy context: Presentation by John Havard, Head of Gas Markets, BERR (282KB)
• South Hook LNG Terminal: Presentation by Mohammed Al-Naimi, Director & General Manager, South Hook LNG (734KB)

10 December 2007: Energy Markets Outlook electricity seminar

The first of these was the Electricity Event on 10 December 2007, which discussed the analysis of future electricity supply and demand set out in the EMO Report. It was attended by about 40 representatives from the electricity generation, supply and end user sectors together with various consultants and Government officials. The outputs from this successful event can be found below:

• Report from the Energy Markets Outlook electricity seminar: 10 December 2007 (63KB)