GLOBAL ENERGY MANAGEMENT & SALES

GEMS Serial Winner at 2024 Energy Risk Asia Awards: Environmental Products and Natural Gas/LNG House of the Year

The awards are both a recognition of our active engagement in innovative PPAs, RECs and carbon credits, and a demonstration of our skills in developing trading structures in the LNG/Gas market.

  • Article
  • 01/10/2024
image of the post GEMS Serial Winner at 2024 Energy Risk Asia Awards: Environmental Products and Natural Gas/LNG House of the Year

ENGIE Global Energy Management & Sales proudly announces its recognition as Environmental Products House of the Year and Natural Gas/LNG House of the Year at the 2024 Energy Risk Asia Awards. This double victory shows our dedication to innovation and sustainability in both environmental products and natural gas trading across the Asia-Pacific region.

award logo

In the Environmental Products category, GEMS stood out for its efforts in Power Purchase Agreements (PPAs), Renewable Energy Certificates (RECs), and carbon credits. The opening of the Tokyo branch further cements GEMS’ commitment to supporting corporations in their decarbonization journey throughout Asia.

award logo

As the Natural Gas/LNG House of the Year, GEMS excelled in creating innovative trading structures and establishing itself as a leading global LNG counterparty in Asia. The award reflects GEMS’ ability to provide innovative low-carbon solutions, including expanding its low-emission gas and ammonia portfolios, as well as exploring opportunities in E-NG and green methane.

GEMS Global Head of LNG Ralf Dickgreber shares: “After two consecutive years dedicated to rebuilding our security of supply portfolio, 2024 marks another transformative year for our LNG operations. This year, we have significantly broadened our footprint in Asia to include long-term structured LNG sale agreements. These strategic positions will greatly enhance our portfolio’s versatility and support the growth of our trading activities, which already exceed 60 LNG cargoes annually in the region.”

GEMS APAC CEO Varun Gujral further comments, “We are truly honored to receive the Energy Risk Asia awards for LNG/Natural Gas House and Environmental House of the Year. We have an acclaimed team of market experts who respond to the varied and evolving demands of the market as well as our clients reflecting an unwavering commitment. GEMS leverages 20+ years of experience to provide innovative solutions across LNG, natural gas, and environmental products. At ENGIE GEMS, we remain focused on delivering exceptional value and advancing the energy transition in Asia.”

This recognition is a testament to the hard work and dedication of our talented teams across the region. By focusing on long-term sustainability and innovation, we plan to stay in the lead of the global energy markets.

Thank you Risk.net!

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Carrefour Spain partners with ENGIE to accelerate its transition to renewable energy

ENGIE and Carrefour have signed a PPA energy purchase and sale agreement, thus reinforcing its consumption of electricity from renewable sources. With a duration of 10 years, the agreement offers a diversified and competitive renewable supply. 

  • Press release
  • 13/08/2024
image of the post Carrefour Spain partners with ENGIE to accelerate its transition to renewable energy

Carrefour Spain signed a Power Purchase Agreement (PPA) with ENGIE, bringing the company closer to its goal of utilizing 100% renewable electricity by 2030. Under this 10-year agreement, Carrefour will receive energy supply from four of ENGIE’s assets: two wind farms and two solar parks. Their combined capacity of approximately 180 GWh/year will help Carrefour in its commitment to carbon neutrality goal while stabilizing energy costs.

In addition to the PPA, Carrefour continues to promote a more sustainable energy model through investment in self-consumption. The company currently operates over 280,000 m² of solar panels across 137 stores, resulting in a reduction of 19,500 tons of CO2 emissions this year. The combination of self-consumption measures and the PPA will account for around 40% of Carrefour’s annual electricity consumption from renewable sources.

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Talent Quest – Episode #9 – Leadership & Energy Efficiency

Latest episode of Talent Quest with Dina Cador, Technical Manager at our CertiNergy site in Angers! Dina talks about her role overseeing energy efficiency operations and shares her experience of the variety, challenges and impact of a career at GEMS. 

  • Blog
  • 15/04/2024
image of the post Talent Quest – Episode #9 – Leadership & Energy Efficiency

In this week’s installment of Talent Quest, we shine a spotlight on Dina Cador, the Technical Manager at CertiNergy’s Angers site. Dina’s role goes beyond traditional management; she oversees energy efficiency operations, guiding clients toward more sustainable practices while ensuring economic benefits for them.

At the heart of CertiNergy’s activities lies Energy saving certificates, helping to make a positive impact on the environment, a rallying point for the entire team.

Dina also highlights the importance of individual aspirations and projects, both in the workplace and personal life. At CertiNergy and GEMS, fostering personal growth and maintaining a healthy work-life balance are fundamental values! Dina seeks to embody this in her management style, encouraging her team to thrive professionally and personally.

Diversity is the last cornerstone of Dina’s approach. She promotes the idea that diverse perspectives lead to richer discussions and more innovative solutions. By embracing different cultures and genders, Dina wants to foster an environment where every individual’s uniqueness contributes to the collective success.

Watch Dina’s episode to learn more about her leadership journey!

Welcome to the world of GEMS!

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The energy market in 2023

From the global economies to the impact of renewable energy, 2023 was the symptom of many changes to come. As interest rates rose and economic landscapes diverged, the energy markets responded.

  • Article
  • 16/02/2024
image of the post The energy market in 2023

What do the energy market trends in 2023 mean for the future

?

The various shifts in global economies and the growing importance of renewable energy in 2023 give us an idea of what tomorrow’s energy markets could look like. An analysis of 2023’s trends could therefore prove particularly interesting. 

Firstly, in response to rising interest rates to combat inflation, world economies experienced divergent trajectories. The U.S. proved resilient against tightened monetary policies, while China faced recovery challenges, and the Eurozone teetered on the edge of recession. 

Economic trends had an impact in the energy sector. 2023 showed the tangible impacts of renewable energies: we are reaching a key moment in the energy transition. The year brought many changes, particularly in the gas market, which remained sensitive to external events, posing a heightened risk of fluctuating European prices. Despite favorable fundamentals, volatility persisted, urging caution amid low prices.

On electricity markets, 2023 showed the influence of the booming renewable energies sector. The boom in residential and professional solar panels became evident, leading to record negative prices in the Netherlands and Belgium

Thus, the energy markets of 2023 reflected the evolving global landscape and the growing role of renewable energies. Download our full eBook to know more.

Energy markets in 2023


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After a historic year of soaring electricity prices, 2023 is marked by a downward trend and relative stability. Discover what determined the shifts in 2023’s electricity market with our eBook “Energy markets in 2023”.

  • Article
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image of the post Energy markets in 2023 – Focus on power

Gentle start with favorable conditions

At the onset of 2023, electricity prices witnessed a significant decline attributed to mild, windy, and humid weather conditions. Mass LNG imports and ample natural gas stock levels contributed to the comfortable situation, countering initial concerns. However, a subsequent episode of corrosion in French nuclear power plants sparked a temporary wave of panic buying.

Following gas trends and supply sensitivity

The second quarter observed a continuation of the downward price swing in alignment with gas market trends. Sensitivity to any supply-side disruption persisted, with even the slightest hint of nuclear energy interruption risking a surge in prices. The market’s delicate balance underscored the importance of stable nuclear availability.

Summer heat, renewable energy, and geopolitical impact

Throughout the summer, forward electricity prices found support in hot temperatures, low wind speeds, and rising gas prices. However, the spot market experienced an increasing number of hours at negative prices, reflecting the impact of new renewable energy installations in 2022. Geopolitical events, such as industrial action in Australia, briefly elevated electricity prices before stabilizing with comfortable fundamentals.

Downward trend amidst varied factors

The final quarter of the year witnessed a notable downward trend in electricity prices. Factors contributing to this decline included sluggish demand, abundant natural gas supplies, increased French nuclear capacity, and unusually mild weather conditions. Although the Israeli-Palestinian conflict briefly elevated prices, they eventually continued their downward drift, influenced by factors like lower CO2 emission prices and strong wind and hydroelectric generation.

Looking ahead to 2024: key considerations

As we reflect on the shifts in each quarter of 2023, uncertainties persist. Economic outlook, weather forecasts, the energy transition’s ongoing impact, American LNG trends, French nuclear uncertainties, and geopolitical risks will continue to shape the power landscape. You need a guide to better understand the energy market shifts? Download our eBook.

Download your new ebook to better understand energy markets 2023


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5 New PPAs signed with major Belgian companies

ENGIE speeds up the net-zero carbon transition of energy-intensive companies in Belgium by concluding a series of Corporate Power Purchase Agreements

  • Press release
  • 04/10/2023
image of the post 5 New PPAs signed with major Belgian companies

ENGIE has signed 5-year Corporate Power Purchase Agreements with 5 key players in the Belgian
economic landscape.

From December 2023 until December 2028, ENGIE will manage part of the energy flow produced
by offshore wind farm C-Power and dispatch it to each of the 5 corporates.
Agristo, Aluminium Duffel, Pfizer Puurs, Proximus and Umicore have subscribed to a total of 70
MW of offshore wind capacity, supplying the equivalent of the annual consumption of nearly
65,000 households (approximately 161,000 MWh per year). This helps them limit the carbon
footprint of their operations in Belgium and allows them to avoid 90,000 tonnes of CO₂ per year.
Further agreements of this type are expected in the coming months.

The C-Power wind farm was the first far shore wind farm in the Belgian North Sea and is fully
operational since 2013. It is located on the Thornton Bank, a sand bank at approximately 30
kilometres off the Belgian coast, and consists of two zones, counting 54 wind turbines for a total
capacity of 325 MW.


The energy from the Northeast area of the C-Power wind farm (24 wind turbines) will be managed
by ENGIE, and offered to energy-intensive industries as a short-time solution to help them limit the
carbon footprint of their operations. While these Corporate Power Purchase Agreements are already
well established among companies abroad, Belgian companies have started to embrace this option
as well, leading to these and possible new agreements of this type in the near future.

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  • Press release

    ENGIE and the Algerian national hydrocarbon company SONATRACH expand their trade relationships

    ENGIE and the Algerian national hydrocarbon company SONATRACH signed today a series of agreements on the supply of natural gas,…

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  • Press release

    ENGIE and Microsoft announced innovative renewable initiatives

    Microsoft and ENGIE announced today a long-term solar and wind energy power purchase agreement in the United States and implementation…

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  • Press release

    Google announces its biggest corporate purchase of renewable energy in history, including 92 MW energy deal in Belgium sealed with ENGIE

    Google today announces its biggest corporate purchase of renewable energy in history. The purchase is made up of a 1,600-megawatt…

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  • Press release

    Shah Deniz gas sales contract partially transferred from ENGIE to Shell

    ENGIE, Shell, Azerbaijan Gas Supply Company (AGSC) and SOCAR have agreed on a partial transfer of ENGIE’s Shah Deniz gas…

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  • Press release

    ENGIE supports L’Oréal to achieve its Carbon Neutral Goal in China

    ENGIE, through its global energy management solutions in China, signed an agreement with L’Oréal China for the long-term assignment of…

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  • Press release

    Gas4Sea partners and Equinor signed an LNG bunkering agreement

    ENGIE España and ADISSEO Group strengthen their commitment to sustainable energy and sign one of the first 10-year green Power…

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  • Press release

    ENGIE signs a new long-term green PPA in Spain

    ENGIE España and ADISSEO Group strengthen their commitment to sustainable energy and sign one of the first 10-year green Power…

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  • Press release

    ENGIE to offtake the first Black Sea gas production in a landmark deal

    ENGIE has signed a 10-year offtake agreement with the Midia Gas Partners to offtake 0.5 bcm per year (approx. 5.5…

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  • Press release

    ENGIE and Ledger partner to develop the first blockchain hardware securing data at the source of energy production

    Blockchain is opening a world of new opportunities in the energy sector and one of the major challenges is to…

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  • Press release

    ENGIE signs major offshore wind contract in Europe’s largest renewable energy market

    ENGIE signed a 4-year power-purchase agreement with OWP Arkona, a joint venture of E.ON and Equinor (formerly named Statoil). As…

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  • Press release

    ENGIE taps into renewable Norway: major wind project and one of the longest ever signed PPA in Europe!

    ENGIE steps into Norway with Tonstad, a green project to construct one of the largest wind farms in the South…

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  • Press release

    ENGIE draws new renewable landscape in Spain with Goya

    ENGIE concluded with Forestalia, General Electric and Mirova an innovative partnership to develop the Goya project, a nine-subsidy-free wind park…

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  • Press release

    ENGIE innovates on the upstream to support gas M&A: eyes on HALO

    As part of our global energy management solutions, we signed a first of its kind transaction with Hague and London…

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  • Press release

    Air Products and ENGIE launch innovative partnership Blockchain technology to certify the traceability of green electricity

    ENGIE and AIR PRODUCTS have signed a contract that will allow AIR PRODUCTS to maximize, trace and certify the green…

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  • Press release

    ENGIE signs 15-year biomass supply contract with Mitsui & Co. in Japan

    ENGIE has just signed a long-term biomass delivery contract with Japanese business group Mitsui & Co., Ltd. for the supply…

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