ENTSOG TYNDP 2017 - Main Report

5.3 Project Promoter Perspective

In addition to the aforementioned impact of energy policies, project promoters are facing various challenges in the completion of their projects. As part of the TYNDP 2017 infrastructure project data collection process, ENTSOG has gathered information on perceived investment barriers. Out of the 97 promoters having submitted projects for this TYNDP edition, 49 have indicated at least one barrier for 102 projects. Below are listed the submitted barriers for the global perspective of the TYNDP. This list groups in main categories and broad terms barriers reported in different Europe- an contexts, not necessarily detected in each country. \\ Insufficient rate of return \\ Regulatory framework instability \\ Lack of funding \\ Lack of long-term commitment \\ Uncertainty on the realisation of the upstream projects and/or the respective gas source development \\ Capacity booking quotas \\ Market uncertainty \\ Lack of stability in the energy legal framework \\ Geopolitical issues The reported barriers for national perspectives are listed in the following figure:

Long and complicated permit granting Lack of market maturity

Competing Projects Regional Coordination Rate of return Tariff regime Lack of market support Amortization rates

Lack of coordination between Countries Delay in permit granting Comepetent Authority still missing Insufficient regulatory framework missing alignment with EU regulation local permit granting Lack of stability Lack of proper transposition of EU regulation

Market size Low price of short term capacity

Missing or not uniform regulatory framework

0

5

10

15

20

%

Figure 5.1: National Barriers to Investment (when reported)

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Ten-Year Network Development Plan 2017 Main Report