IGU Gas Storage Committee 2022-23 Meeting Highlights
The IGU Gas Storage Committee, Group 3, discussed key topics for 2022-23 including underground storage, evolving market conditions, decarbonized energy storage, and the role of underground hydrogen storage. The committee aims to advocate positions, cooperate with stakeholders, and enhance IGU's visibility in shaping policy and regulatory developments in the gas storage market.
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Presentation Transcript
1 T e r m s o f R e f e r e n c e IGU Gas Storage Committee meeting Group 3 UGS to Today s Markets and Environment 2 0 2 2 - 2 3 Gas Storage Committee - Group 3
1 2 3 4 5 Scope of group 3 Agenda Prioritised topics for 2022-23 Structure Activities, specific deliverables & timeline for 2022-23 Workload for IGU Gas Storage Committee members 2 Gas Storage Committee - Group 3
Scope of group 3 3 Gas Storage Committee - Group 3
Intervention in most regions of the World has been considered to foster a sustainable gas storage market Stimulating the process of creating IGU positions on the selected prioritised topics based on the three WG, Advocating IGU positions and opinions on the selected prioritised topics towards key institutions and industry stakeholders to support the joint strategic interests of IGU members, Cooperating with key relevant stakeholders to increase IGU s visibility, credibility and influence on future policy and regulatory developments related to the selected prioritised topics, Stimulating communication both internally and externally through workshops and other events. 4 Gas Storage Committee - Group 3
Prioritised topics for 2022-23 2 5 Gas Storage Committee - Group 3
Prioritised topics for 2022-23 Underground storage to be filled ahead of next winter Evolving market conditions based on the development of renewables and stronger electrification, leading to a more disruptive approach, where the energy transition relying on a resilient energy system is the best insurance against price shocks in the future. Focus on the role played by UGS to respond to energy crisis Decarbonised energy long-term storage: Promoting all long-term and large-scale storage technologies, while supporting an integrated energy approach and sector coupling. Via studies or other types of projects, developing a narrative in favour of storage capabilities in a decarbonised market (including market design, strategic behaviour and performance to be achieved in a decarbonised market, underlying regulatory framework). Key role of underground hydrogen storage the essential bridge between variable RES and renewable H2 profiles 6 Gas Storage Committee - Group 3
Structure 3 Throughout 2022-23, other projects may take shape and dedicated Taskforces may be created to ensure a proper management 7 Gas Storage Committee - Group 3
Activities, specific deliverables & timeline for 2022-23 4 Papers Disseminations Participation in external events Engagement with the institutions & stakeholders 8 Gas Storage Committee - Group 3
Workload for IGU Gas Storage Committee members 5 Physical meetings and/or videoconferences will take place every three months and will be two-hour long. Working Groups will meet when necessary. The workload expected for each member will depend on their level of investment (e.g. chairmanship of a working group, participation in working group meetings and/or Area telcos). 9 Gas Storage Committee - Group 3
