Central Europe Energy Partners, together with LNG Allies and ATKearney, is organising the first Europe-U.S. LNG Roundtable, on the 27th-28th of May, in Brussels. This constitutes a platform for an exchange of ideas between partners from the U.S. and Europe, on how expanded trade in natural gas between them could benefit both sides of the Atlantic, and contribute to greater fuel diversity and energy security in Europe. It is a timely and important debate to underline industry’s needs, not least because of the ongoing negotiations concerning the TTIP agreement.
On the 25th of February, the European Commission introduced the Energy Union Strategy, a long-term plan with the objective to secure the supply of energy, reduce greenhouse gas emissions, improve energy efficiency, and lower Europe’s oil dependence. This strategy also includes actions “to explore the full potential of LNG” storage and supply, focusing on the development of the internal market and increasing interconnectivity.
LNG is seen by Brussels as a key alternative to increasing gas supplies in case of serious shortfalls; however, there is no common framework in place for an EU-wide LNG strategy for the moment. Miguel Arias Cañete, Commissioner for Climate Action & Energy, declared, during an ITRE Committee Meeting taking place on the 24th of March, that the EU would both explore the full potential of LNG and present a comprehensive LNG strategy, which would include the necessary transport infrastructure, given that LNG is an important element in diversifying the EU’s gas supply.
Key Members of the U.S. Congress, U.S. government officials, EU Commissioners, Members of the European Parliament and representatives of energy companies from the U.S., the EU – (especially Central and Eastern Europe) - and from the countries of the Energy Community, will get together in Brussels to exchange views on this matter.
Among the already confirmed speakers, we can list:
- Maroš Šefčovič, Vice-President for Energy Union, European Commission
- Jerzy Buzek, Chairman, Committee on Industry, Research, and Energy, European Parliament
- Bernd Lange, Chairman, Committee on International Trade, European Parliament
- Charles D. McConnell, Executive Director, Energy and Environment Initiative, Rice University, and former US Assistant Secretary of Energy.
Access by invitation only.