Across Europe, energy companies are committed to achieving a decarbonised sector in the next decades, according to Emilio Bruquetas, CEO of Reganosa. The gas industry has an important part to play in the transition, he adds. EMISSIONS GOALS He says: “The ambitious goals established by the COP21 set that the EU should cut greenhouse gas emissions by 80 per cent to 95 per cent when compared to 1990 levels by 2050.
“The EU 2050 strategy establishes a roadmap to reach this goal. We must reduce emissions by 40 per cent below 1990 levels by 2030 and 60 per cent by 2040. “Europe is currently immersed in a complete energy transition, where decision makers have sent strong and clear messages of their commitment to create a decarbonised economy within the next few decades.
“Therefore, it is necessary to keep working on the transformation of the energy mix to achieve these goals. We believe that the gas industry should play an essential role to boost the energy transition, although some key decisions are still pending.”
Bruquetas explains how gas is key to a cleaner world in comparison with other, more traditional, fuels. “As an example, if all the energy produced in Europe from coal last year were replaced by natural gas, the power generation sector would have reduced CO2 emissions by 33 per cent,” he says.
“Another key point is the use of LNG as a lower-carbon fuel for the heavy road and maritime transport. Innovation in the production and integration of biomethane and hydrogen in the natural gas value chain is already taking place. The industry should work intensively to achieve a cost-efficient growth of renewable gases.”
Another important factor is the geographical location of hubs which can bring supplies to Europe.
Bruquetas says: “The Iberian Peninsula has a large regasification capacity installed and a great geostrategic position. We are able to receive LNG from different sources and new LNG producers such as the U.S. and Russia could find in us an ideal entry point to the European Market. For this to occur, a new interconnection from Spain to France should be built. An increase in the interconnection capacity between Spain and Portugal is also needed.
“In the Iberian Peninsula, we have implemented all the measures needed to create a market, such as the designation of the market operator, MIBGAS, and new regulations. Spain and Portugal are strongly working together to bring liquidity to the market. This is an ongoing process, but without enough interconnection capacity with the European markets through France, neither the Iberian Peninsula nor the other European markets are going to benefit from the advantages in terms of price reduction and security of supply. A high level of interconnexion with the neighbouring balancing zone is crucial, in line with European policies.”
PIPELINES AND TERMINAL
Along with the growth in LNG’s importance Reganosa has also explained its operations, says its CEO: “Reganosa is an energy group that works on the development and management of natural gas infrastructure, in accordance with the principles of safety, efficiency and flexibility. We are certified as a transmission system operator (TSO) at a European level and we currently own and manage a natural gas pipeline network, as well as the Mugardos LNG terminal in Spain. We are working on increasing the storage capacity and adapting the jetty infrastructure in the terminal to cope with the growing logistical needs of our clients, with the aim to create an LNG hub on the northwestern coast of Spain. “As a European TSO, we continue to promote the energy transition and we carry out activities to ensure that the market operates efficiently. We are contributing to increase the competitiveness of LNG terminals, and creating a more attractive and flexible framework for agents accessing the natural gas system in the Iberian Peninsula.”
And the company is active further afield across the globe in a wide range of activities from the initial studies of whether a project is possible to the on-site operation of facilities.
Bruquetas says: “We also provide services to third parties worldwide, covering the entire lifecycle of natural gas assets. Our national and international experience in this area of business ranges from conducting feasibility studies to the operation and maintenance of natural gas projects, such as in Malta, where we are responsible for the operation of the Delimara regasification facility. “We are seeking new projects and opportunities and we are ready to support countries and companies to develop their ideas. This is our focus now, to provide safe, efficient and flexible energy infrastructure solutions.” Renewable gases will play an important role in the future energy mix as well, according to Bruquetas.
He says: “One of the most important technologies that will change the natural gas landscape and the supply gas chain in the years to come are the renewable gases, biogas, biomethane, synthetic gases or hydrogen. Power to gas infrastructure as an energy storage solution should play an essential role to achieve a sustainable fully decarbonised economy. “As I said previously, the innovation in biomethane and hydrogen is already taking place. We believe that hydrogen will become an important future energy carrier.”
As part of the Spanish Consortium Reganosa has been vital in the staging of this year’s event.
“Being part of Gastech 2018 as one of its main hosts has been for Reganosa a great experience. We have enjoyed seeing how distinct gas industry players have actively participated, sharing experiences, constructive debating and joining forces to contribute to build the future of our industry,” says Bruquetas. “On our way to Gastech 2018, we have seen a dynamic gas industry ready to boost a more sustainable energy model. We have the energy to do it.”