Practical information
As part of the Ifri Energy Program, a seminar with Miharu Kanai, Senior Associate, Menecon Far Eastern markets, Jean-Arnold Vinois,Head of Unit, Security of Supply and Networks, DG Energy, European Commission, Industrial Representative (tbc). Chaired by: William C. Ramsay, chercheur, directeur du Programme Energie de l'Ifri et Jacques Lesourne, président du comité scientifique du Programme Energie de l'Ifri.
Gas prices in many markets have traditionally been linked in various ways to oil. This is particularly the case in European markets and in Far Eastern markets that collectIvely refer to the Japanese Crude Cocktail (JCC). In North America, gas and oil end use markets have progressively become separated with some residual links in Northeast heating markets. The continuing arrival of substantial LNG on the market, the economic collapse of 2008 and the meteoric rise in US unconventional gas have destabilized the old order. Market terms of trade have shifted momentarily to buyers. But it is not that easy. The old order had its merits. Some current market phenomena may be ephemeral. Many factors are at play: in power markets; rapidly growing emerging markets; unconventional plays outside the US; the impact of liquids markets on gas producers. This Roundtable will explore these and other factors at play and their directionality. But by all indications, a stable global gas pricing standard is unlikely to appear any time soon if ever.
Other events
Brussels, Germany, France and Italy Facing the Energy and Industrial Crises: Coordinated or Diverging Trajectories?
Amidst soaring defense spending, higher borrowing costs, erosion of energy intensive industries, renewed energy price hikes and possibly physical shortages, the European Union and its Member States are again struggling to stabilize the European economies. Governments are tempted by uncoordinated, short-term moves while in Brussels, there is a struggle between the “more of the same” and the “scrap it largely” approaches to the transition.
Geopolitical stakes of the New Moon race
As the United States, China, and India solidify their lunar ambitions, Europe is still seeking to define its stance: should it be a reliable partner or an autonomous strategic player? This conference will examine the stakes of this new race to the Moon and Europe’s interest in asserting itself as a lunar power through partnerships, industrial ambitions, and whether its participation in the new lunar race serves as a lever for strategic autonomy and internal cohesion, or an illustration of its dependence.