Energy Market is missing directives and governance: Capgemini

collected by :Victor Alphen

The market is clearly missing directives and governance."Sign up to Which-50's Irregular Insights newsletterThe key findings set out in WEMO 2017 for energy transition in Australia are:1. Fast paced technology changes and the associated regulatory frameworks are fundamentally altering Australia's energy market. Australia is emerging as the focal point of international battery storage market. It is now time to enhance policies and frameworks to support this market transition and remove historical shackles that impede progress and innovation. This requires political and industry leaders that provide coherent direction and directives to the States, the energy players, commercial & industrial consumers, investors and the public.

Facebook, Twitter to Provide Data on Energy Market Manipulation

Facebook Inc., Twitter Inc. and Google parent Alphabet Inc. agreed to turn over information to Congress on Russian entities purchasing ads that may have been used to manipulate U.S. energy markets, according to the chairman of the House Science Committee. Officials at the technology companies said in telephone conversations they will forward the material "soon," Republican Lamar Smith of Texas, chairman of the Committee on Science, Space and Technology, said Thursday. Smith sent letters on Sept. 27 to chief executive officers of the companies. He wrote that the committee was seeking information "regarding Russian entities purchasing anti-fracking or any anti-fossil fuel advertisements or promotions."He also asked for documents and communications on "any Russian based or foreign funded entity involvement in the U.S. energy market detected on your social media platform" and information on the source of ads "advocating for so-called green initiatives."Congressional investigators began to examine the possibility that Russia sought to influence energy markets as an outgrowth of probes into efforts by the country to influence last year's presidential election. Russia is a major oil producer and declining prices partly resulting from increased U.S. production and from greater use of renewable energy has slowed its economy.

Why Energy Giants Will Continue to Dominate LNG Market

referring to Engie is exiting LNG to reduce its exposure to commodity price swings, focus on downstream gas operations, energy-efficiency services and renewables. With Engie's assets and its own growth strategy, Total will double output, quadruple trading volumes and control as much as 10 percent of the market by 2020. Modern LNG trading means that cargoes may be bought multiple times before they reach the final customer, akin to how the oil market has worked for decades. "In oil trading, we're one of the main players, with nothing to envy from Trafigura, Glencore and others who are interested today in LNG trading," Sauquet said. "We've been in LNG trading for at least 10 years, so we don't have to fear this competition."— With assistance by Kelly Gilblom