This session will cover an overall assessment and best practices for governance and regulatory approaches and will include case studies of the success or failure of governance and regulation approaches in different regions of the world. Other aspects to be considered include the interrelation between innovation, technology and regulation and facilitation of market liquidity and examples of international cooperation in the field of regulation.
INDUSTRY INSIGHTS
Long term demand/supply
Objectives
There are broad drivers impacting global and regional gas markets and the supply/demand balance – both positively and negatively. This session will focus on the strategic drivers impacting the long term prospects for natural gas, including:
- Opportunities for the gas industry from COP21 in Paris
- Usage of gas in large cities for improved urban air quality
- Reduction of methane emissions in the gas industry
Examples of subject matters include
- Developments significantly affecting supply and demand of gas in the world
- Opportunities for the gas industry from COP21 in Paris
- Recommendations for the global gas industry and key messages for the world
Gas pricing
Objectives
This session will focus on the multiple aspects of gas pricing in current and emerging gas markets. Specific areas of focus that will be addressed in the session include:
- Latest Wholesale Gas Price Survey
- Convergence of global gas prices, hub price correlation, oil price correlation
- Financing infrastructure projects in the new pricing and contracting world
- Gas v coal competition in power generation – long run, short run, baseload and peak
- LNG pricing in the new world – impact of US LNG, shorter contracts, LNG into developing markets, LNG trading hubs
- Pricing for end users, what do final consumers want, how are domestic prices affected by LNG exports
Examples of subject matters include
- Development of Trading Hubs in Asia
- Pricing mechanisms and infrastructure financing
- Impact of lower gas prices on the industry
- Global price convergence and price correlation
- Gas v coal competition
- Future for cross-border long term contracts
- Impact of new LNG terminals and imports on markets
Best practices in governance and regulation
Objectives
Examples of subject matters include
Specific regulatory issues in the natural gas sector that could be tackled are:
- Unbundling,
- Third–party access arrangements
- Allowed revenues and tariff design
- Benchmarking practices
- Security of supply
- Facilitation of market liquidity
- Infrastructure planning
- Innovation and energy system integration
- Impact of technology in regulation
- Energy poverty
- Cases on international cooperation in the regulatory field, particularly between regulatory authorities and the industry
- Issues and dilemmas in international cooperation
