INTERNATIONAL SUPPLY & ENERGY MANAGEMENT

GEMS Partners with Bureau Veritas Marine & Offshore!

Let's promote a Low-Carbon Transformation in the Shipping Industry

  • Article
  • 18/07/2023
image of the post GEMS Partners with Bureau Veritas Marine & Offshore!

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.

ENGIE X Bureau Veritas - Fabien Lefeuvre

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.

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ENGIE Unveils Eco-LNG Carrier "Gordon Waters Knutsen"

Working together to promote the transition to sustainable energy

  • Article
  • 17/07/2023
image of the post ENGIE Unveils Eco-LNG Carrier "Gordon Waters Knutsen"

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.

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Business Energy Census: Gain Valuable Insights into the Energy Industry!

Explore the Business Energy Census and Empower Your Energy Strategies!

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  • 07/07/2023
image of the post Business Energy Census: Gain Valuable Insights into the Energy Industry!

ENGIE Resources, the B2B supply branch of ENGIE Global Energy Management in the U.S., in collaboration with Energy Research Consulting Group (ERCG), is proud to present the Business Energy Census. This groundbreaking initiative aims to empower and amplify the voices of retail commercial and industrial energy market participants, including end-use customers, as well as their trusted consultants and brokers.

Launched in 2023, the Business Energy Census offers unprecedented insights that are revolutionizing the energy industry. Our comprehensive analysis encompasses a wide range of responses from energy aggregators, brokers, and consultants, spanning various geographies, revenue levels, and business models.

By partnering with ERCG, we have combined the collective expertise of both organizations, with a shared goal of understanding the challenges and opportunities on the journey towards achieving net zero emissions. J.D. Burrows, Vice President of Customer Analytics and Engagement, emphasizes this collaboration, stating, “Partnering with the ERCG to develop the Business Energy Census leverages the expertise of both organizations with an eye on understanding the challenges and opportunities on the path to net zero.”

The Business Energy Census fills a critical gap in market intelligence, underscoring our commitment as America’s Energy Greentailer™. By accessing this valuable resource, you will gain unique insights that can shape your energy strategies and drive your business towards a sustainable future.

Topics covered in the Business Energy Census:

  1. Research Methodology
  2. Strategic Place of Energy
  3. Green Price Premium
  4. Impact of Energy on M&A/Expansion
  5. Predictions on Energy Prices


To unlock the full potential of the Business Energy Census and stay ahead in the ever-evolving energy landscape, visit the ENGIE Resources website today. Join us as we pave the way towards a sustainable future!

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Energy Market monthly recap June 2023

Follow the energy market recap of June with our video and infographic!

  • Article
  • 06/07/2023
image of the post Energy Market monthly recap June 2023

The energy market is constantly evolving, influenced by various factors such as economic indicators, geopolitical events, and environmental concerns. At ENGIE Global Energy Management & Sales, we understand the importance of staying ahead in this dynamic landscape to meet the evolving needs of our clients. In this article, we will explore the latest market trends and provide insights into how these developments can present opportunities for our valued customers.

Market Overview

The current energy market presents a mixed picture with several key indicators pointing towards potential challenges ahead. While there has been a sharp fall in overall inflation in Europe due to lower energy prices, core inflation remains steady. Additionally, the US central bank, the Fed, has decided to pause interest rate hikes but expects two further increases by the end of the year. Furthermore, all financial indicators suggest a possible recession in both the US and Europe by the end of 2023.

Energy Market Trends

  1. Bearish Trend and Volatility: The gas and CO2 markets have experienced fluctuations, leading to a bearish trend. However, this volatility also presents opportunities for strategic decision-making and risk management.

  2. High Renewable Production: June witnessed a surge in renewable energy production. With the growing emphasis on sustainability, this trend aligns with the increasing demand for clean energy solutions.

  3. Increased Electricity Demand: The recent heatwave has significantly raised the demand for electricity, especially for air conditioning and cooling purposes. Our experts are ready to assist clients in optimizing their energy consumption during peak periods.

  4. Oil Price Stability: Oil prices have hovered around $70 to $75 per barrel. This stability allows for better planning and budgeting for energy-intensive industries and businesses.

  5. Recession Anticipation: The market is bracing for a possible recession in the coming quarters. ENGIE Global Energy Management & Sales can help clients navigate these uncertain times by providing tailored energy strategies and cost optimization solutions.

Insights and Opportunities

  1. French Nuclear and Hydro Availability: Understanding the development of nuclear and hydro availability in France is crucial for energy planning. ENGIE’s experts can provide insights into the future availability of these energy sources, enabling clients to make informed decisions with EnergyScan.

  2. Asian LNG Demand: The demand for Liquefied Natural Gas (LNG) in Asia is poised for growth. We can help clients capitalize on this opportunity by providing LNG supply and pricing solutions tailored to their specific requirements.

  3. Impact of Production Increase in Norway: The recent production increase in Norway until mid-August will have implications for the energy market. ENGIE Global Energy Management & Sales can provide strategic advice on managing this shift, ensuring optimal procurement and utilization of resources.

As the energy market undergoes significant transformations, ENGIE Global Energy Management & Sales remains committed to delivering innovative solutions and expert guidance to our clients. By staying informed about the latest market trends and leveraging our expertise, businesses can navigate the challenges and seize the opportunities presented by the evolving energy landscape. Contact our EnergyScan experts today to discuss how we can assist you in achieving your energy goals and maximizing efficiency in this dynamic market.

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image of the post "Energy Price Perspectives": our press webinar by EnergyScan

We recently organized a press conference on the topic of “Energy Price Perspectives” and presented some valuable insights.

Our team at ENGIE Global Energy Management & Sales had the privilege to share our expertise and present the latest developments in the wholesale energy markets. During the conference, we discussed the evolution of the markets since the beginning of the crisis, highlighting important factors such as the major gas market places in Europe and the interconnection of the European gas network.

Drop in Wholesale Gas Prices

One key takeaway was the significant drop in wholesale gas prices in Europe since the start of the year, with spot prices experiencing a noticeable decline while future prices remained relatively stable at a higher level. We also discussed the storage levels of gas in Europe, which have reached a record high, signaling a relaxed market in the coming months but a persistent risk premium for future years.

Contraction in Gas Demand and LNG Imports

Additionally, we addressed the contraction in gas demand across Europe, particularly in the industrial, electricity production, and public distribution sectors. Similarly, we highlighted the decrease in LNG imports in Asia, emphasizing the European market’s substantial imports of liquefied natural gas.

Unveiling Five-Year Price Forecasts

Furthermore, we unveiled our five-year price forecasts, offering valuable insights into energy prices for our professional clients. Our forecasts are based on meticulous analysis, incorporating macroeconomic assumptions, supply-demand balance projections, fundamental indicators for gas and electricity prices, and considerations of production availability.

The gas prices in Europe are expected to remain “on a high plateau” around 60€/MWh until 2027, according to market analysts. Electricity prices in France are projected to stay at a high plateau between 2023 and 2025 before a limited downward movement begins from 2026 onwards.

Gas & Electricity Price Forecast: Factors and Outlook

The forecast revealed that gas prices are expected to remain high until 202 7, influenced by factors such as high stock levels, a challenging macroeconomic environment, and limited new LNG export capacities.

For electricity prices in France, a plateau of elevated prices is foreseen between 2023 and 2025 due to low nuclear production and sustained prices of fuels and CO2 quotas. However, a limited downward trend could be anticipated from 2026 onwards, driven by improved nuclear availability, reduced fuel costs, and increased renewable capacity installation.

Our presentation introduced EnergyScan, a platform designed to simplify energy markets. With its user-friendly interface, customizable features, and access to comprehensive data covering wholesale energy markets in France and internationally, EnergyScan aims to empower professionals in making informed decisions regarding risk coverage and investments.

We are proud of the valuable knowledge and perspectives we shared during this press conference, and we invite you to learn more about EnergyScan and its offerings on our website. Stay informed, make data-driven decisions, and navigate the dynamic energy landscape with confidence!

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Energy Market monthly recap May 2023

Follow the energy market recap of May with our video and infographic!

  • Article
  • 08/06/2023
image of the post Energy Market monthly recap May 2023

The energy market landscape in May 2023 presents a mixture of challenges and opportunities, with various factors shaping the direction of key sectors such as natural gas, power, oil, and CO2 emissions. In this article, we delve into the recent developments and trends within the industry:

  • In May 2023, the energy market witnessed the Chinese recovery showing signs of weakness and the US banking crisis persisting.

  • Lower oil prices, high stock levels, and strong LNG supply forecasts created a bearish sentiment in the oil market. Power prices followed the declining gas prices, while good renewable production and weak demand supported the bearish trend.

  • Uncertainties surrounding the French nuclear park and supply disruptions could trigger price rebounds.
    The maintenance schedule of the French nuclear park became a crucial factor to monitor.

  • Oil prices sharply declined, and the CO2 emission market exhibited poor liquidity driven by technical trading and speculation.

  • Gas prices continued to decrease, and core inflation remained high. Limited supply mitigated price declines, and prices were influenced by financial markets.

For a detailed analysis, including our full PDF report and accompanying video, please find the comprehensive insights below, made possible through EnergyScan.

EnergyScan provides us with the tools and data to conduct a thorough examination of the energy market, offering valuable perspectives and informed analysis. Accessing our PDF report and video through EnergyScan will keep you informed about the latest developments and trends in the industry.

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We are thrilled to announce that ENGIE has once again been recognized as the Climate Risk Manager of the Year at the prestigious Energy Risk Awards 2023.

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  • 29/05/2023
image of the post ENGIE Shines as Climate Risk Manager of the Year

This remarkable achievement marks the third consecutive year that ENGIE has received this esteemed accolade, solidifying our position as a leader in decarbonization.

At ENGIE, we understand the pressing need to address climate change and transition towards a sustainable future. Our primary objective is to support our valued clients in their journey towards achieving Net-Zero status.

Our winning formula at the Energy Risk Awards 2023 was a culmination of our relentless pursuit of innovative energy solutions and groundbreaking partnerships. We believe that true success lies in the ability to deliver tangible results to our clients, empowering them to embrace sustainable energies and overcome challenges along the way.

In addition to being named Climate Risk Manager of the Year, ENGIE also received two other prestigious accolades at the Energy Risk Awards 2023. The first is the coveted title of Natural Gas/LNG House of the Year, which recognizes the exceptional work carried out by ENGIE Global Energy Management & Sales in the field of natural gas and Liquefied Natural Gas (LNG). This award is a testament to our unwavering dedication to addressing the energy security concerns faced by our clients during the challenging times of the past year.

The second notable win for ENGIE is the Deal of the Year award, which was earned through the successful completion of a Biomethane Purchase Agreement with Arkema. This landmark agreement not only demonstrates our commitment to forging strategic partnerships but also showcases our determination to decarbonize the entire gas value chain. The Energy Risk Awards jury acknowledged our ability to rise above extraordinary challenges and maintain our course towards a greener future.

We take great pride in these victories, as they exemplify ENGIE Global Energy Management & Sales’ tireless efforts and unwavering commitment to our clients. We understand that the energy landscape is constantly evolving, and it is our duty to adapt and support our clients as they navigate through crises and strive for a secure and sustainable energy supply.

These achievements at the Energy Risk Awards 2023 reinforce our position as a trusted partner and highlight our dedication to providing comprehensive decarbonization solutions to our esteemed clients. Our commitment to sustainability is unwavering, and we will continue to lead the way in a decarbonized world.

We would like to express our gratitude to our valued clients, partners, and employees for their continued support and trust in our abilities. Together, we will shape a greener future, and ENGIE remains steadfast in its mission to create sustainable energy solutions that drive positive change.

If you are seeking a reliable partner to guide your organization’s transition to a sustainable future, look no further than ENGIE. Contact us today to explore how our award-winning expertise and innovative solutions can help you achieve your decarbonization goals and create a brighter tomorrow.

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image of the post Energy Market monthly recap April 2023

April 2023 has been a relatively calm month for the energy markets, as they have been able to rely on comfortable fundamentals. Nonetheless, uncertainties persist and can impact the energy markets in the upcoming months.

China’s economy continues to recover, but there are doubts about its sustainability. The country has been one of the main drivers of the energy markets in recent years, and any significant changes in its economic performance can have a significant impact on the market.

In the US, the economy is still at risk of entering a recession this year. The banking crisis also remains a concern, as any significant event in the banking sector can lead to a significant shock in the energy markets.

In Europe, the availability of nuclear power plants remains uncertain, especially in France. This uncertainty is supporting prices, as the risk premium remains high. Germany has already shut down its last three nuclear reactors, and France will need to commit to its nuclear maintenance plan to avoid any significant supply shortages.

On the positive side, stocks are high, and LNG arrivals in Europe remain strong, contributing to lower prices. Additionally, the month’s weather has been favorable, combining windy and rather mild conditions, with stable gas prices, leading to a drop in prices.

Oil prices are back to their highest levels in recent months, following OPEC’s decision to reduce production. However, the International Energy Agency has announced higher prices by the end of the year, highlighting the volatility of the oil market.

Price volatility was most pronounced mid-month, as the 2022 compliance deadline was April. However, prices rebounded at the end of the month with renewed optimism in the financial markets.

Finally, the European Parliament formally approved the “Fit for 55” plan, which aims to reduce greenhouse gas emissions by 55% by 2030. This plan will have significant implications for the energy markets, and it remains to be seen how Europe will remain competitive in LNG supply.

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Energy Market monthly recap March 2023

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  • 17/04/2023
image of the post Energy Market monthly recap March 2023

As we look at the current state of the energy market, we see that there are both positive and negative factors influencing prices. On one hand, strong renewable production has helped to maintain a bearish trend, while on the other hand, concerns over declining demand for oil due to slower growth in China and the recent banking crisis have brought some instability to the market.

In particular, the recent banking crisis has been a cause for concern for many in the energy industry. With central banks having to choose between fighting inflation and supporting the banking sector, there is a lot of uncertainty about how this will impact prices moving forward. Additionally, the crisis has already caused instability in the oil market, with Brent decreasing due to concerns over declining demand and slower than expected growth from China.

Despite these challenges, the energy market has remained relatively stable, with prices following the fluctuations in the gas market. For example, prices rose in mid-March due to strikes in France impacting the availability of nuclear power plants, but then fell back again. Some European countries were already injecting gas into stocks, which has helped to keep prices relatively stable.

Looking ahead, there are still some questions that remain unanswered about the energy market. For example, how will ongoing strikes further impact the availability of nuclear power plants in France? What impact will the banking crisis have on the energy industry and will it spread to other markets? And what will the inflation figures for Europe reveal when they are published?

Despite these uncertainties, our team of experts is committed to keeping a close eye on the energy market and providing the latest updates and insights to help you make informed decisions. Whether you have questions about natural gas, power, oil, CO2, or any other aspect of the energy market, our experts are here to help. So if you’re looking for reliable information and analysis about the energy market, don’t hesitate to get in touch with us.

To learn more about the energy markets, visit our EnergyScan solution.

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Energy Market monthly recap February 2023

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  • Article
  • 30/03/2023
image of the post Energy Market monthly recap February 2023

China’s recovery is taking shape, which is good news for global activity, but it also brings higher inflationary risks. The European economies have avoided recession, but the risk of an activity downturn in Q1 2023 has not disappeared. In the US, the Freeport terminal has received permission to resume operation, and forecasts of colder weather should only have a limited impact on prices.

Electricity prices have followed the gas price bearish trend, and coal was mostly down during February until there was an accident at an open-mine in China last week.

Meanwhile, oil prices continue to move without a clear trend, with signs of rising demand on one hand and the fight against inflation and the economic slowdown that it might incur pushing the prices down on the other.

CO2 emission prices have also risen above the threshold of €100/t, rebounding on a combination of speculative buying, option positioning, and late compliance buying.

To learn more about the energy markets, visit our EnergyScan solution.

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