Gas Infrastructure Europe (GIE) Conference brings 350 delegates to Dublin

€7.8bn investment in gas infrastructure is at the heart of Europe’s energy future.

Issued 2015

Gas, the ideal partner for Ireland’s intermittent wind resource The future of Europe’s energy supply will be the main topic at the Gas Infrastructure Europe (GIE) conference being held over the next two days in Dublin; hosted by Gaslink, Ireland’s Independent System Operator. The conference brings together many of Europe’s gas transmission system operators, LNG terminal operators and storage operators with over 350 delegates attending. The conference is being addressed by European Energy Commissioner, Miguel Arias Cañete, Ireland’s Energy Minister, Alex White TD and other leading figures from the industry in Europe and further afield. Among the topics being addressed at Europe’s leading gas industry event are: The security of Russian gas supplies to Europe; The potential for biogas and compressed natural gas to help achieve Europe’s renewable targets and reduce emission levels; The road to an Energy Union in Europe and what that will mean for member states and security of energy demand as a driver of investment.

Among the topics being addressed at Europe’s leading gas industry event are: The security of Russian gas supplies to Europe; The potential for biogas and compressed natural gas to help achieve Europe’s renewable targets and reduce emission levels; The road to an Energy Union in Europe and what that will mean for member states and security of energy demand as a driver of investment.

Ireland’s gas network is built, operated and maintained by Gas Networks Ireland on behalf of Gaslink. Speaking at the opening of the event, Aidan O’Sullivan, General Manager of Gaslink, outlined the importance of growing the gas network:

“For nearly 40 years, we have been building a gas network that meets the needs of over 670,000 businesses and homes around the country – powering the Irish economy and Irish society every day. We have done this in consultation and partnership with communities around Ireland.” “Gas is the cleanest fossil fuel, with significantly lower emission levels than coal or oil. Gas is the one fuel source which addresses the three key pillars of security of supply, price competitiveness and reduction of overall emissions. Wind, for its many benefits, cannot guarantee security of supply. On cold days it is often the case that the wind does not blow. For example on March 18th this year, wind power accounted for just one per cent of generation in Ireland, with gas carrying 58% of the load – quite literally keeping the lights on.” “Gas is the ideal partner for wind. As we plan Ireland’s energy network for the future, it is crucial that the gas network continues to develop and that we drive forward with new technologies such as Biogas and Compressed Natural Gas for transport, investing in our existing infrastructure to deliver real emissions savings.”

In his keynote address, EU Commissioner for Climate Action and Energy, Miguel Arias Cañete addressed the issues of security of supply and investment in infrastructure stating:

“Only by completing the internal market for gas will we be able to guarantee security of supply for all Member States. Only by triggering private investment in infrastructure will we have such a market. If we can do that and if we can bring real gas – to – gas competition to all Member States, we will have achieved something important.”

Minister for Communications Energy and Natural Resources, Alex White TD quote:

"Completion of the EU internal energy market must be the focus of our efforts. It will enable the transfer of various forms of energy from where they are produced most cost efficiently to where they are most needed. Seen in this way, a fully functioning International Energy Market helps with energy security too. This will be an important year in terms of domestic and international energy policy and the Commissioners presence here underscores the importance of the issues under discussion today.”

Jean Claude Depail, President of Gas Infrastructure Europe outlined the danger of political uncertainty in the context of achieving the energy priorities of nation states:

“Gas and gas infrastructure are key to achieving our low-carbon energy future. Gas and gas infrastructure contribute efficiently to the 5 key dimensions of the Energy Union. It is a no-regret option. The legislative proposals that will be proposed should take the right options to ensure a competitive, secure and sustainable energy future. And ensure the proper role of gas in the future European energy mix!” “Energy is politics; more than ever. This year and in the years to come, we will see important policy developments that will impact our industry. The Energy Union, European energy diplomacy with producing countries, security and diversification of supply and COP2 - all these dossiers are highly political. Still our industry has to invest in concrete projects, we have to adapt the gas infrastructure to changing sources of gas and to changing consumption patterns. Investors now face important uncertainties that policymakers should lift.”

The GIE conference is running in Dublin’s InterContinental Hotel in Dublin on April 24th and 25th.

For further information

Gas Networks Ireland

Elaine Hattie 087 6381 593

Murray

Joe Heron 087 6909 735