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Jun 1, 2021 11:40:am
Summary ENTSOG s role is changing with the commercial introduction of hydrogen into the European gas grid and with co-operation with its electricity counterpart.
by: William Powell
The European Network of Transmission System Operators for Gas (ENTSOG) has co-ordinated its members s activities and negotiated terms and assessed the need for public funding for possible infrastructure projects with the European Commission (EC).
The result is a competitive gas market with a transparent, regulated third-party access regime governed by a set of network codes covering congestion management, capacity allocation, tariff-setting and so on. This in turn has helped make the EU an ideal market for LNG: one that is deep, liquid and open to all participants. This also furthers the objective of the EU: security of supply.
EU energy investments: Will 2021 be decisive?
As the EU starts to tap into its €750 billion pandemic recovery fund, climate projects will likely focus on less ambitious energy-saving projects. And few EU companies are prepared to take the lead in clean tech.
It s yet unclear whether the Nord Stream 2 gas pipeline will ever be completed
The European Commission is putting forward many pieces of legislation with the aim of stimulating investments in energy transition, and the measures go beyond the proposed EU climate neutrality law.
Considering the need to support the entire economy, it looks like a Herculean task. The proposals of the European Commission and the EU Parliament s stance on green issues allow for some cautious optimism. The bloc s 27 member states, which are the ultimate decision-makers when it comes to energy policy, can give rise to some skepticism, though.