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    Budapest LNG Summit: the perfect platform to explore the future of LNG [PROMOTED]

Summary

European LNG imports for the first half of 2019 were already up over 80 per cent year-over-year. By the end of 2019 we expect net LNG imports into Europe will have more than doubled versus 2018, according the latest statement of Wood Mackenzie.

by: Budapest LNG Summit

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Budapest LNG Summit: the perfect platform to explore the future of LNG [PROMOTED]

However liquefied natural gas is contributing to the global growth of gas trade and its share will increase from 42 per cent to almost 60 per cent by 2040, according to the 2018 World Energy Outlook released by the International Energy Agency (IEA).

The Budapest LNG Summit, that will take place on the 2nd and 3rd of December, will be entirely focused on the upcoming trends and challenges of the global and especially of the CEE’s LNG and gas market. The main goal of the Summit is to connect the regional demand of CEE countries with the international supply chain.

In fact, LNG is playing an increasingly important role in the region’s energy (and specifically gas) supply mix, both helping to diversify energy sources and enhancing competition, in line with the strategy of the European Union.

CEOs of the three biggest LNG projects in the region are will be among the speakers of the Budapest LNG Summit: Barbara Dorić, Managing director of LNG Croatia, Paweł Jakubowski, President of the Management Board of Polskie LNG and Arunas Molis, Director of the Klaipėda LNG Terminal.

A final investment decision for the floating LNG terminal on the Croatian Island of Krk was adopted at the beginning of 2019 and the EU Commission keeps showing support for project due to its ability to get gas into Central and South-Eastern Europe. In addition, both the Klaipėda and the Polish terminals are ready for further expansion.

The Budapest LNG Summit will also focus on various topics such as main infrastructure developments in the CEE/SEE region; how to ensure the security of supply at the best tariffs; and the Ukrainian gas transit after 2019.

Therefore, the Summit will be the perfect platform for European Institutions, CEE countries, global and regional energy companies, international suppliers to come together and discuss issues regarding the future of LNG and gas in the region.