The gas market is a critical factor in today’s ever-changing energy landscape, and mastering it can provide significant advantages for businesses. Our e-book aims to equip you with the knowledge and strategies needed to optimize your energy purchases. From uncovering the different gas markets in Europe to understanding supply sources, demand factors, and market price determinants, this guide provides valuable insights for making informed decisions.

With geopolitical tensions and environmental concerns impacting gas prices, staying updated on market trends is crucial. Our e-book highlights the importance of monitoring macro-economic trends and following financial markets for a comprehensive outlook. It also introduces EnergyScan, a powerful web-app that offers real-time market insights, forecasts, and expert analysis.

By downloading our e-book, you gain the tools to navigate the gas market with confidence, harness opportunities, and contribute to a low-carbon energy landscape.

Download our e-book gas below:

Therefore, despite the challenging economic climate, the Bosch Group is making efforts to develop and use climate-neutral technologies.

Since 2020, Bosch has been the world’s first industrial multinational to achieve carbon neutrality in all their scope 1 and 2 emissions. To accomplish this, the company invests in various environmental projects that support social and ecological development. Another important way to become more sustainable is through the procurement of green energy.

Flexibility in times of crisis

Bosch has been a customer of ENGIE for energy procurement for some time. In 2020, together with their energy advisor, Energie Makelaar, Bosch presented their sustainability challenge to ENGIE for their Dutch organization (Bosch in The Netherlands). “Bosch has a well-thought-out sustainability strategy, of which energy procurement is a part. This led to very specific requirements that few market parties could or wanted to meet,” explains Eddie de Jong, Senior Consultant at Energie Makelaars. “The flexibility and conditions offered by ENGIE were the best fit for these tenders.”

However, making our energy procurement sustainable is easier said than done, especially when providing sustainable energy to different locations. Furthermore, Bosch desired to become more sustainable by using locally generated energy. This is a step further on the sustainability ladder and more complex than simply compensating for CO2 emissions through the purchase of Guarantees of Origin (GOs).

“I am proud of what we have achieved together, especially considering the current climate”

By purchasing electricity from verifiable local sources, companies like Bosch are not only carbon-neutral on paper but also actively contribute to expanding the Dutch sustainable generation capacity. Significant volumes are being consumed, which encourages further expansion of sustainable assets to serve the rest of the market. Providing locally generated sustainable energy to decentralized locations required intensive collaboration involving multiple stakeholders.

In addition to collaboration between the account team and the Dutch locations, Bosch’s legal teams in Germany, Energie Makelaar, and ENGIE’s product development also played a crucial role. The result of this process, along with extensive paperwork, was a robust framework for Bosch Netherlands’ sustainable energy procurement. “I am proud of what we have achieved together, especially considering the current climate,” says Henk Snijders, Category Manager and Facility Management at Bosch.

“This contract was finalized in the extraordinary market year of 2022, and when you see what we have accomplished through in-depth discussions and negotiations, you can only be proud of the substantive outcome.”

The market uncertainties of 2022 weighed on Bosch’s mind during the contract negotiations as the procurement for the delivery year 2023 was still pending. “The energy market was in turmoil,” says Snijders. “We were pleased to have reached this agreement despite those market conditions.”

Moving towards further sustainability

With ENGIE’s product ‘Aanwijsbaar Groen’ (Demonstrably Green), electricity is now being purchased from local wind and solar parks. According to ENGIE’s calculations, this accounts for approximately 95% of Bosch’s total energy consumption in the Netherlands (reference year 2022). For the remaining volume, GOs are still being purchased. “With this agreement, ENGIE will provide us with sustainable energy for the next 10 years,” says Erwin Diepenbroek, Category Expert Facility Management at Bosch.

Greenifying the energy procurement has been achieved, in part, thanks to the use of self-developed solutions by ENGIE to assess an organization’s potential for sustainability. It begins with monitoring to gain insight into electricity consumption, followed by the formulation of procurement strategies. Based on these insights, it was agreed that ENGIE would assume program responsibility for Bosch to smooth out fluctuations in their consumption profile.

For Bosch, entrusting this to ENGIE is not a problem. “ENGIE is a highly professional party with a lot of expertise. We have built a strong relationship of trust,” says Diepenbroek. In addition to electricity, Bosch also procures natural gas from ENGIE, although this is decreasing due to the implementation of Bosch’s own technologies such as heat pumps for building heating. ENGIE is ready to support them in further sustainability efforts and is pleased to have such a forward-thinking company as a client.

Despite the economic volatility of recent years, Bosch is not sitting idle but continues to invest in further sustainability. Diepenbroek concludes, “Towards 2030, we are focusing on self-generation and energy efficiency. We also aim to optimize simultaneous heating and cooling, as well as energy demand and surplus. There are still plenty of challenges to solve.”

Bosch – Business Case [NL]

We recently hosted the EnergyScan webinar in June, where we delved into the intricate dynamics of energy markets. We would like to express our gratitude to our clients for their enthusiastic participation and engagement during the event. The webinar, titled “Energy markets torn between weak demand and lingering supply concerns,” featured an array of insightful discussions led by our esteemed experts. In this article, we provide a comprehensive recap of the topics covered during the webinar.

Persistent Inflationary Pressures: Can Central Banks Avoid Going Too Far?

One of the key subjects explored during the webinar was the persistent inflationary pressures affecting energy markets. Our experts delved into the delicate balance that central banks must strike to avoid exacerbating inflation while supporting economic growth. They explored the challenges posed by rising energy costs.

The European Gas Balance: A Positive Outlook Amidst Looming Risks

Another significant area of discussion revolved around the European gas balance. Our experts shed light on the favorable state of the European gas market and its impact on energy prices. However, they also highlighted several risk factors that could potentially disrupt this balance, leading to increased price volatility. By analyzing these risk factors, participants gained valuable insights into the future trends and uncertainties of the European gas market.

Navigating Uncertainties: Demand Reduction, Nuclear Worries, and Volatile Gas Prices

The final segment of the webinar focused on the various uncertainties faced by energy markets. Our experts provided a comprehensive analysis of the factors contributing to demand reduction, including shifting consumer preferences and evolving industry trends. Furthermore, they explored the ongoing concerns surrounding nuclear energy and its implications for the energy sector. Additionally, the experts addressed the challenges posed by volatile gas prices.

We extend our gratitude to all the participants who actively engaged in the EnergyScan webinar and contributed to its success. The valuable insights shared by our experts – Evariste Nyouki, Olivier Gasnier, Julien Hoarau and Etienne Cauvin – were instrumental in providing attendees with the most relevant information.

For those who missed the webinar or wish to revisit the insightful discussions, we invite you to watch the full replay of the event below:

ENGIE Global Energy Management & Sales announces its participation in GASTECH 2023, a major event taking place in Singapore from September 5th to 8th! As a key player in the energy industry, ENGIE will contribute to this event by gathering stakeholders in natural gas, LNG, hydrogen, renewable & low-carbon solutions, and e-molecules.

Gas: Driving the Transition to a Low-Carbon Economy 

ENGIE operates 24/7 throughout the gas value chain, connecting energy markets worldwide and leading the transition towards net-zero emissions for our clients. At GASTECH 2023, we are particularly thrilled to showcase our expertise in gas-related initiatives, highlighting our commitment to a sustainable and low-carbon future. 

GASTECH has long been recognized as the world’s largest meeting place for industry leaders, innovators, and decision-makers in the energy sector. ENGIE, with its wide range of low-carbon solutions, is ready to present innovative partnerships with key players such as Equinor, and many others. These collaborations amplify our impact throughout the value chain, ensuring that global energy supply and commodities meet the needs of the future.

Panel Discussions: Shaping the Future of Energy 

As part of GASTECH’s extensive conference program, ENGIE will actively participate in panel discussions on essential topics. Our experts will provide insights on decarbonization, energy transition, and the role of renewable energy sources.  
Jérôme Malka, a member of ENGIE Global Energy Management & Sales’ executive committee, will participate in the conference titled “Climatetech Hosts’ panel: Mapping the Climatetech ecosystem” which aims to gain a comprehensive understanding of current and future perspectives on climate technologies.

Our Expertise at Your Service 

ENGIE’s presence at GASTECH 2023 goes beyond showcasing innovative operations. We are eager to share our expertise in critical areas such as energy supply and global commodities and market access and risk management.
On-site, you will have the opportunity to meet:

• Cécile Prévieu: The energy industry and the Conference of Parties – how can the industry unite to create an effective strategy to achieve net zero
• Didier Holleaux: Industry action on methane: How can policy and business operations models be reconfigured to meet the goals of the Global Methane Pledge?
• Valérie Ruiz Domingo: Maximising economies of scale and affordability created by hydrogen centres and shared infrastructure.
• Jérôme Malka: Climatetech Hosts’ panel: Mapping the Climatetech ecosystem
• Ralf Dickgreber: Will LNG trading redefine the global gas market landscape?
• Saravanan Manivel, Director of E-Ammonia and E-fuels Structuration and Origination, to share about the active development of e-molecules alongside Pierre-Alexandre Deplaix.
• Varun GUJRAL, CEO GEMS APAC, to discuss opportunities in Energy Management & Decarbonisation in the region.

By joining forces with industry leaders, innovators, and decision-makers at GASTECH 2023, ENGIE will bring its added value to foster strategic alliances and propel progress towards a sustainable and low-carbon future throughout the gas value chain. We are committed to accelerating the global transition to net-zero emissions and look forward to driving positive changes in the energy sector and beyond.

ENGIE Global Energy Management & Sales (GEMS) and Bureau Veritas Solutions Marine & Offshore (BVS) have joined forces to lead the way in driving sustainable transformation within the shipping industry. By participating in the Decarbonizing Shipping Forum and hosting a joint webinar on the EU Emissions Trading System (EU ETS), our companies demonstrate their commitment to providing comprehensive advisory and risk management support. This collaboration highlights our shared objective of enabling stakeholders to navigate GHG regulations and develop low-carbon operating models.

Partnership for Sustainable Shipping

The partnership between ENGIE and Bureau Veritas strengthens our ability to support the shipping industry’s sustainable transformation. By combining expertise and resources, we offer a holistic approach that encompasses regulatory compliance, bunkers & carbon risk management, strategic advisory on long-term roadmap for low-carbon operating models, including procurement of e-fuels.  

Decarbonizing Shipping Forum

Through their participation in the Decarbonizing Shipping Forum, both companies actively engage with industry leaders and stakeholders. This forum provided a platform for exchanging knowledge, discussing challenges, and exploring opportunities for reducing GHG emissions within the shipping industry. Fabien Lefeuvre from ENGIE Global Energy Management & Sales and Nicolas Degorce from Bureau Veritas Solutions shared their expertise and their commitment to driving sustainable practices in the shipping industry.

Through their participation in the Decarbonizing Shipping Forum, both companies actively engage with industry leaders and stakeholders. This forum provided a platform for exchanging knowledge, discussing challenges, and exploring opportunities for reducing GHG emissions within the shipping industry. Fabien Lefeuvre from ENGIE Global Energy Management & Sales and Nicolas Degorce from Bureau Veritas Solutions shared their expertise and their commitment to driving sustainable practices in the shipping industry.

Webinar on the EU ETS

ENGIE GEMS and BVS hosted a joint webinar on the EU ETS, specifically tailored to the maritime sector. This webinar serves as a comprehensive resource, offering insights into upcoming requirements and practical implications of carbon markets. Fabien, once again for ENGIE and Benjamin Lechaptois from BVS shared their expertise on fuel hedging strategies and discuss the anticipated impacts of the EU ETS. This webinar showcased their commitment to providing valuable information to stakeholders and helping them stay ahead of the curve in terms of compliance and sustainability.

Collaborative Approach for Sustainability

Our collaboration with Bureau Veritas is grounded in a shared commitment to sustainability. By leveraging our combined expertise in energy markets analysis, risk management, technical advisory, and consultancy, we provide comprehensive solutions to shipowners, operators, and charterers. This collaborative approach enables stakeholders to navigate regulatory requirements, manage risks, and develop low-carbon emissions roadmaps. 

This partnership is dedicated to driving a sustainable decarbonized shipping industry. Our participation in industry events, such as the Decarbonizing Shipping Forum and the joint webinar on the EU ETS, showcases our proactive efforts to play a role in shaping the future of shipping. We empower stakeholders with the necessary tools and knowledge to navigate challenges and seize opportunities in low-carbon transformation. We share a vision and are opened to long-term partnerships within the shipping industry.

ENGIE Global Energy Management & Sales is delighted to announce the naming ceremony of the eco-LNG carrier Gordon Waters Knutsen. This vessel represents a significant milestone in meeting France’s and Europe’s liquified natural gas import needs. As a long-term charter for ENGIE, the Gordon Waters Knutsen exemplifies the company’s commitment to a greener energy transition and supply diversification. Moreover, the ceremony stands as a heartfelt tribute to Gordon Waters, a visionary leader and integral part of ENGIE’s LNG activities.​

Meeting the Growing LNG Demands

Gordon Waters Knutsen, owned and managed by Knutsen OAS Shipping and its local French affiliate, will proudly fly the French flag as it joins ENGIE’s LNG carrier fleet in July 2023. With a length of about 300 meters and a capacity of 174,000 cubic meters, this state-of-the-art vessel is equipped with the latest LNG shipbuilding technology. Her features, such as MAN MEGA engines, shaft generators, reliquefication module, Air Lubrication System, and low boil-off GTT tanks, contribute to lower greenhouse gas emissions. The vessel’s construction adheres to stringent environmental standards, aligning with ENGIE’s vision of sustainability.​

Advancing the Energy Transition

As Europe seeks to reduce carbon emissions and diversify its energy sources, new vessels like Gordon Waters Knutsen will play a crucial role in supporting France’s and Europe’s liquified natural gas import needs. ENGIE’s commitment to a greener energy transition and gas supply diversification plan is further reinforced by this addition to its growing LNG carrier fleet. This eco-LNG carrier showcases the company’s dedication to utilizing advanced technologies and innovative practices that minimize environmental impact.​

A Tribute to Gordon Waters’ Legacy

In commemorating the naming ceremony of Gordon Waters Knutsen, we also pay tribute to the late Gordon Waters, an esteemed leader, colleague, and friend. His invaluable contributions to ENGIE’s LNG activities and the company’s overall growth will forever be cherished. This ceremony serves as a heartfelt tribute to his remarkable legacy, symbolizing his unwavering commitment to driving ENGIE’s LNG operations forward.​

The naming ceremony of the eco-LNG carrier Gordon Waters Knutsen marks a significant milestone for ENGIE and the energy industry. With her advanced LNG shipbuilding technology and sustainable features, this vessel embodies ENGIE’s dedication to a greener energy future. We celebrate this achievement while honoring the memory of Gordon Waters, a true visionary.
Together, let us continue our collective efforts to achieve ENGIE’s goals and drive the global transition towards a more sustainable and diversified energy landscape.