Business Wire

Arthur D. Little Analysis Finds Further Problems with the Proposed Gas Directive Amendment

Del

Arthur D. Little (ADL) today published two reports analyzing the EU Commission’s proposals to extend the regulations of the Third Gas Directive to pipelines from third countries supplying gas to the EU. They find that the recent European Commission-Gazprom settlement makes the amendment unnecessary, and that the proposed legislation will fail in its objective of enhancing market competition, potentially even decreasing supply.

The proposed directive suggests expanding EU regulation to import pipelines from non-EU countries, risking potential legal challenges and future international investment in gas-export infrastructure. Existing agreements between Spain and Italy and third countries, such as Algeria, Libya, Tunisia and Morocco, would need to be renegotiated, creating scope for counter demands. The economic conditions for future pipeline projects such as East Med would become less predictable, creating the risk that gas would go to non-EU markets. Proposed derogations or exemptions cannot be guaranteed, and their outcome is uncertain. This could have a detrimental impact on supply, and therefore prices – the exact opposite of its stated aims.

The Spring 2018 settlement between the European Commission and Gazprom set out binding legal obligations, with mandatory actions agreed to prevent alleged anti-competitive behavior by Gazprom. This significantly changes the EU gas supply landscape, rendering the amendment unnecessary, according to ADL’s analysis. Additionally, greater liberalization means the market is now beginning to function very well, without requiring further legislation.

Michael Kruse, Partner and Head of Energy & Utilities in Central Europe, explains: “The Gazprom settlement has significantly shifted the market context compared to when the Gas Directive amendment was first proposed. It creates a relevant, important change which needs to be recognized in the ongoing discussions around the amendment, and our analysis recommends carrying out a detailed impact assessment to check it is still necessary. At the very least, the European Commission should wait for the impact of the settlement to bed in, before introducing further changes.”

The proposed Gas Directive and the EC-Gazprom settlement www.adl.com/EC_GazpromSettlement

The Gas Directive amendment and relations with third countries www.adl.com/ThirdCountryRelations

Contact information

For Arthur D. Little
Sue Glanville
+44-7715-817589
sue@catalystcomms.co.uk

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Hurricane Electric Becomes First Internet Backbone to Connect to 200 Internet Exchanges around the Globe13.12.2018 15:37Pressemelding

Hurricane Electric, the world’s largest IPv6-native Internet backbone, today announced that it is the first Internet backbone in the world to connect to over 200 unique Internet exchanges. As an early leader in the switch to IPv6, Hurricane Electric now connects to the largest number of networks on the planet for both IPv6 and IPv4 and has been at the forefront of providing high-speed Internet connectivity to organizations throughout the world using:100GE (100 Gigabit Ethernet), 10GE (10 Gigabit Ethernet), and GigE (1 Gigabit Ethernet) connections. As a result of the improved connectivity with these 200 exchanges, customers receive the benefit of lower latency, higher throughput and increased fault tolerance. This reliable connectivity is especially important as global IP traffic continues to increase – Cisco’s Visual Networking Index: Forecast and Trends, 2017–2022 predicts that annual global IP traffic will reach 4.8 zettabytes (ZB) per year by 2022, or 396 exabytes (EB) per month, t

The World's Largest Heritage and Culture Festival to Begin With the Slogan Janadria 33 Faithfulness and Loyalty13.12.2018 15:15Pressemelding

With the support and under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, the 33rd Edition of the National Festival of Heritage and Culture will be held in Janadria for 21 days from Thursday 20th December 2018 to Wednesday 9th January 2019. Organized by the Saudi Ministry of National Guard, the festival is part of the efforts to intensify attention to Saudi heritage, expose it regionally and globally and to promote dialogue among cultures and civilizations on the level of people and nations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181213005472/en/ The Custodian of the Two Holy Mosques King Salman bin Abdulaziz (Photo: AETOSWire) Janadria is the largest Saudi cultural festival that simulates the history, present and future of Saudi Arabia and the largest event of its kind in the region. Since 1985, it has witnessed extensive Saudi participation, a growing Arab and Gulf presence and an

PPG to Invest in Automated Dispense Cell Manufacturing for Automotive Parts and Accessories13.12.2018 14:32Pressemelding

PPG (NYSE: PPG) today announced that it is increasing its investment in automated dispense cell manufacturing of paint and related coatings for the automotive parts and accessories decorative (APAD) space. Financial details are not being disclosed. Dispense cell technology enables PPG to dramatically accelerate production and approval of paint batches for vehicle original equipment manufacturers (OEMs) and component suppliers. The technology allows coatings components to be automatically drawn from storage vats in the correct proportions and mixed directly in their shipping containers, vastly simplifying and increasing the efficiency of the coatings manufacturing process. PPG recently launched an APAD dispense cell operation at its San Juan del Rio, Mexico, coatings facility and will begin production on an additional cell in 2019 in Sriperumbudur, India. These cells are in addition to PPG’s recent APAD investments in Germany and Russia and the dispense cells already online at the Compa

Citi Announces Global, Mission-Led Partnership with the International Paralympic Committee13.12.2018 14:00Pressemelding

Citi today announced that it has entered into a partnership agreement with the International Paralympic Committee (IPC) to become an international partner through 2020 and to support National Paralympic Committees (NPCs) in 18 countries as they prepare for upcoming World and regional Championships, as well as the Tokyo 2020 Paralympic Games. The 18 National Paralympic Committees (NPCs) Citi will sponsor include: Australia, Chinese Taipei, Colombia, Costa Rica, Great Britain, Hong Kong, India, Indonesia, Ireland, Malaysia, Mexico, Nigeria, Philippines, Poland, Singapore, South Africa, Thailand, and the UAE. Citi serves clients through a local presence in each of these 18 NPC communities and will engage fans through integrated marketing campaigns and promotions to generate excitement and national pride around the extraordinary accomplishments of the countries’ Para athletes. Citi will also work to help support the day-to-day needs of individual NPCs. “Citi and the IPC are ideal partners

Transphorm Ships Over a Quarter of a Million GaN Power Devices, Reaffirms High Volume Scalability13.12.2018 14:00Pressemelding

Transphorm Inc.—the leader in the design and manufacturing of the highest reliability and first JEDEC- and AEC-Q101 qualified 650 V gallium nitride (GaN) semiconductors—disclosed that it has shipped more than 250 thousand high voltage GaN FETs. Used in customers’ mass production applications, the devices are manufactured by the company in its Aizu, Japan, wafer foundry. Transphorm also stated that its wafer-foundry’s annual installed capacity base of 15 million parts of its popular 50 mohm product equivalent can easily scale to address 2x to 5x the volume. Further, when demand warrants it, the technology and manufacturing process can be structured to scale from the current 6-inch to 8-inch or potentially higher wafers. “2018 has been a game-changing year for high voltage GaN,” said Primit Parikh, co-founder and COO, Transphorm. “More than 250 thousand 650 V GaN FETs from Transphorm are deployed in our customers’ mass production, high performance power converter and inverter products. T

Saudi Arabia’s Red Sea Project on Track13.12.2018 13:49Pressemelding

A delegation from the Red Sea Development Company, led by chief executive John Pagano, was received by King Salman bin Abdulaziz at Araqa Palace in Riyadh on Tuesday (December 11). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181213005406/en/ King Salman bin Abdulaziz of Saudi Arabia (centre) and Crown Prince Mohammed bin Salman with John Pagano, CEO of Red Sea Development Company. [Photo courtesy Saudi Press Agency (SPA)] Mr. Pagano made a visual presentation at the palace on the master plan of the Red Sea Project, underlining its economic and development goals and the project’s objective to become a global destination for luxury tourism. Crown Prince Mohammed bin Salman, Chairman of the company, was also present. Twenty-two islands on the Red Sea will be developed as part of the project that is expected to create an estimated 70,000 jobs. It will not just contribute SAR 22 billion to Saudi Arabia’s GDP, but play a major