1 IFIEC VISION OF A LIBERALISED EUROPEAN GAS MARKET Energy Forum, 22 Nov. 2011 Steinar Solheim, Chairman of Working Party Oil & Gas.

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Presentation transcript:

1 IFIEC VISION OF A LIBERALISED EUROPEAN GAS MARKET Energy Forum, 22 Nov Steinar Solheim, Chairman of Working Party Oil & Gas

2 Gas will be important in order to reach the target

3 Gas flowing to Europe North, Central, Southern Europe in bcm

4 New import capacity

5 CHARACTERISTICS OF THE EUROPEAN GAS MARKET

6 Market gas price versus European LT gas price

7 EUROPEAN COMMISSION: ENERGY 2020 (DEC2010)

8 ITALY - AN EXAMPLE OF A NON COMPETITIVE MARKET

9 European Gas Hub Prices

10 GAS TARGET MODEL (1)

11 GAS TARGET MODEL (2)

12 Gas Balancing (1)

13 Gas Balancing (2)

14 Capacity Allocation Mechanisms