ENTSOG GRIP South - Main Report

2001

2012

2020

Russia

Trinidad

Canada

Malaysia

Malaysia

Nigeria

Indonesia

Mozambique

Qatar

Export

Algeria

Indonesia

Nigeria

Russia

Qatar

Trinidad

Algeria

Indonesia

Australia

U.S.A.

Australia

Qatar

12 Sellers

20 Sellers

25 Sellers

India

India

France

France

S. Korea

Japan

S. Korea

China

Thailand

S. Korea

Import

Spain

Spain

Spain

China

U.K.

Japan

U.S.A.

Japan

12Buyers

25Buyers

42Buyers

Figure 6.23: Deepening Global LNGMarket (Source: The Age of Gas&The Power of Networks)

6.3.2 Marketresponsescomplementingthe flexibilityprovidedbythenetwork

On the other hand, complementing the network flexibility provided by properly developing transmission infrastructures, tailored solutions would be developed for concrete events which could also help improve flexibility for shippers. An example of this tailored solution, under concrete events in the gasmarket, was the diversion of LNG cargoes from LNGTerminals in the SouthRegion to Italy andGreece during thecold spell inFebruary2012. Theextremelycoldweather inEurope,mainly in the East but also in theWest, increased thegasdemand in theEU. Thishigh level of gas demand combinedwith the reductions in some supply sources caused a significant stress on the transmission network. The gas flowing through the EU-IPs increased notably in comparisonwith the average utilizationduring January 2011.Withdrawal fromUGS increased notably, as well as LNG tanks providing transitional mitigation, allowing increased levels of Send-Out from the LNG Terminals. Additionally, the market responded achieving agreements to reloading and diverting some cargoes where they weremost needed. However, these tailored solutions offered by the gas systems andmarkets depend on several circumstances affected by many factors which cannot be planned in advance: \\ working volumeavailability inUGS, whichcouldbeconditionedby theprevious use of themduringwinter, \\ availability of additional LNG sources/cargoes, \\ the new destination of the vessel which should not modify the ship logistics, neither increase the cost of transport nor the travel ships time, \\ agreements involving operators and/or suppliers, \\ compatibility certifications for vessels and the LNGTerminals, \\ …

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ENTSOG–GRIPSouth 2013–2022

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