• 10 Oct 2016

The European business organisation Gas LNG Europe (GLE), representing the LNG Operators, has met at the Reganosa’s facilities in  Mugardos, Port of Ferrol in Spain, to analyse the future of the gas sector.

Directors of 16 companies, operating 90 percent of European regasification capacity, have agreed a joint line of work, under which the distribution of LNG on a small scale, transparency of the gas market and making gas the transition fuel to the generalization of renewable energy have been recognized as the three major challenges for the European gas companies.

Reganosa claims that all terminals on the continent will work towards turning regasification plants into small scale LNG distribution centres, particularly for marine fuel. This is expected to be a decisive factor in achieving cleaner shipping, due to emission reductions. GLE also expects that natural gas will consolidated as the transition fuel towards decarbonisation, and as a back-up fuel once renewable energies are fully implemented. Similarly, the meeting also unified criteria to improve the transparency of the gas market.

The president of GLE, Win Groenindijk, said that the progress of the sector to the new environment has already begun, because “our plants are becoming LNG distribution centers also retaining its conventional role, which remains vital for the gas system.”

GLE, is one of the three substructures of Gas Infrastructure Europe (GIE) representing 67 member companies from 24 countries, gathering operators of gas infrastructures across Europe as  transmission pipelines, storage facilities and LNG terminals. GIE is a representative organisation towards the European Institutions (European Commission, European Parliament, Council of the European Union) as well as the European bodies of regulators (ACER, CEER) and other stakeholders.