{"id":1723,"date":"2017-03-22T11:31:46","date_gmt":"2017-03-22T10:31:46","guid":{"rendered":"http:\/\/www.lcta.ch\/en\/portfolio-articoli\/la-lugano-commodity-trading-association-a-mosca-2\/"},"modified":"2017-03-22T11:37:03","modified_gmt":"2017-03-22T10:37:03","slug":"la-lugano-commodity-trading-association-a-mosca-2","status":"publish","type":"portfolio","link":"https:\/\/www.lcta.ch\/en\/portfolio-articoli\/la-lugano-commodity-trading-association-a-mosca-2\/","title":{"rendered":"Actual and future trends in the european natural gas market"},"content":{"rendered":"<div id='full_slider_1'  class='avia-fullwidth-slider main_color avia-shadow   avia-builder-el-0  el_before_av_section  avia-builder-el-first   container_wrap fullsize'  ><div  class='avia-slideshow av-av_slideshow_full-4f3ef5c0d0c5e5a45e27d5f99336c2be avia-slideshow-featured av_slideshow_full avia-slide-slider av-slideshow-ui av-control-default av-slideshow-manual av-loop-once av-loop-manual-endless av-default-height-applied   avia-slideshow-1' data-slideshow-options=\"{&quot;animation&quot;:&quot;slide&quot;,&quot;autoplay&quot;:false,&quot;loop_autoplay&quot;:&quot;once&quot;,&quot;interval&quot;:5,&quot;loop_manual&quot;:&quot;manual-endless&quot;,&quot;autoplay_stopper&quot;:false,&quot;noNavigation&quot;:false,&quot;bg_slider&quot;:false,&quot;keep_padding&quot;:false,&quot;hoverpause&quot;:false,&quot;show_slide_delay&quot;:0}\"  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><ul class='avia-slideshow-inner ' style='padding-bottom: 28.666666666667%;'><li  class='avia-slideshow-slide av-av_slideshow_full-4f3ef5c0d0c5e5a45e27d5f99336c2be__0  av-single-slide slide-1 slide-odd'><div data-rel='slideshow-1' class='avia-slide-wrap '   ><div class='av-slideshow-caption av-av_slideshow_full-4f3ef5c0d0c5e5a45e27d5f99336c2be__0 caption_fullwidth caption_left'><div class=\"container caption_container\"><div class=\"slideshow_caption\"><div class=\"slideshow_inner_caption\"><div class=\"slideshow_align_caption\"><h2 class='avia-caption-title '  itemprop=\"name\" >EVENT REVIEW<\/h2><\/div><\/div><\/div><\/div><\/div><img decoding=\"async\" fetchpriority=\"high\" class=\"wp-image-3997 avia-img-lazy-loading-not-3997\"  src=\"https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/sld-gas.jpg\" width=\"1500\" height=\"430\" title='sld-gas' alt=''  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/sld-gas.jpg 1500w, https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/sld-gas-300x86.jpg 300w, https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/sld-gas-768x220.jpg 768w, https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/sld-gas-1030x295.jpg 1030w, https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/sld-gas-705x202.jpg 705w, https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/sld-gas-450x129.jpg 450w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/div><\/li><\/ul><\/div><\/div>\n<div id='av_section_1'  class='avia-section av-av_section-eec70215690d30212cd8877980ecc158 main_color avia-section-small avia-no-shadow  avia-builder-el-1  el_after_av_slideshow_full  el_before_av_one_half  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-1723'><div class='entry-content-wrapper clearfix'><\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-1723'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_half-b2d7257554a1b8d10b704baac3f082b1\">\n#top .flex_column.av-av_one_half-b2d7257554a1b8d10b704baac3f082b1{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.flex_column.av-av_one_half-b2d7257554a1b8d10b704baac3f082b1{\nborder-radius:0px 0px 0px 0px;\npadding:30 px 30 px 30 px 30 px;\n}\n.responsive #top #wrap_all .flex_column.av-av_one_half-b2d7257554a1b8d10b704baac3f082b1{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_half-b2d7257554a1b8d10b704baac3f082b1 av_one_half  avia-builder-el-2  el_after_av_section  el_before_av_one_half  avia-builder-el-first  first flex_column_div  '     ><section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h1>ACTUAL AND FUTURE TRENDS IN THE EUROPEAN NATURAL GAS MARKET<\/h1>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: justify;\">The LCTA actively continues the work on the Russian market and for the fourth time organized a round table in Moscow, with the precious support of the Embassy of Switzerland.<\/p>\n<p style=\"text-align: justify;\">The event &#8220;ACTUAL AND FUTURE TRENDS IN THE EUROPEAN NATURAL GAS MARKET&#8221; took place on Friday, March 17, at the Swiss Residence and has been opened by an interesting speech of the new Swiss <strong>Ambassador in Russia, Mr. Yves Rossier<\/strong>.<\/p>\n<p style=\"text-align: justify;\"><strong>Marco Passalia, <\/strong>General Secretary of the LCTA, took the floor and presented the first and special guest of the event: <strong>Valeriya Leshchenko, <\/strong>Managing Director of UMP Trading SA, founded in Ticino in 2008. UMP Trading SA is the representative in Switzerland of EMSS \u2013 one of the largest Ukrainian manufacturer of special castings and forgings, with a particular focus on the energy, oil-and-gas and metallurgical industries. Mrs. Leshchenko was asked to bring her personal experience on the topic \u201cThe Swiss way of doing business\u201d. Mrs. Leshchenko highlighted the advantages of establishing a business in Switzerland, such as the clear and transparent legal system, the political, economic and financial stability, and the strategical position in Europe.<\/p>\n<p style=\"text-align: justify;\">Then, it took place the round table, excellently moderated by Marco Passalia. Three special guests were asked to discuss on the trends in the European gas market: <strong>Matija Barudzija<em>, <\/em><\/strong>Co-Founder, Enet Energy SA,<strong> Christopher Harding, <\/strong>Managing Director, Mercuria Energy Trading Ltd and<strong> Nicola Moschillo, <\/strong>CEO, EstraEnergie.<\/p>\n<p style=\"text-align: justify;\">The panel focused the attention on the three different kinds of activities covered by the companies represented by the panelists.<\/p>\n<p style=\"text-align: justify;\">The opening discussion highlighted the different success factor of each company. For instance,\u00a0the company Mercuria has grown from a small trading company in a global player in a very short period of time. Other interesting example is EstraEnergie that today represents one of the strongest vertically integrated energy and municipal services groups in Italy and probably in Europe. Last important company is<strong>\u00a0<\/strong>Enet Energy that, as a Swiss\u00a0independent wholesale gas trading company,\u00a0fits pretty well between global players, on the one side, and\u00a0big consumers, on the other side.<\/p>\n<p style=\"text-align: justify;\">Then, the discussion has been shifted to the perception and idea of the business in the future. In particular, it was raised the question if the future framework will give more room to the role of trading house or of investment bank.<\/p>\n<p style=\"text-align: justify;\">The second part of the conference focused the attention on the European gas market.\u00a0In the last 10 years, EU gas markets have moved from a very fragmented, closed structure to a liquid, legally safe trading place. Prices have seen ups and downs, but lately we see a downward trend. The following questions were essential for the discussion: how do you see the development of these markets? Long-term supply contracts are still interesting or you are a fair believer of spot markets? Are we 100% sure, there will be plenty of gas always available?<\/p>\n<p style=\"text-align: justify;\">About the evolution of\u00a0the EU natural gas market is clear that\u00a0with new sources of supply on the market, you need a lot of investment and long term placement at certain price levels \u2013 if everybody continues to link their contracts to the markets, sooner or later, the excess supply will bring prices down to non-economic levels. The future evolution is easily predictable, the demand in Europe is weak and renewables and energy efficiency &#8211; heavily subsidized &#8211; are somehow defining the trend. Talking about\u00a0the competition forces in the EU gas market, it is clear that these are impacting the retail and downstream segments and the margins have been squeezed, especially for the incumbents and \u201cold\u201d companies which have high long term costs. In conclusion one of the key-questions was about the role played by\u00a0suppliers: given the new promised alternative sources of supply like LNG and new pipelines, will suppliers need to do more than simply linking their contracts to a liquid EU hub and offer discounts to natural long term buyers like?<\/p>\n<p style=\"text-align: justify;\">The audience appreciated the topic and the discussion very much and the contacts were very fruitful and positive. The event proved once more the relevance of the work of the LCTA in Russia. The LCTA will continue in the future to create these excellent opportunities for thematic analysis and networking, abroad and in Ticino.<\/p>\n<\/div><\/section><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_half-8d21c1931c127e90dfc92eb072ea6df7\">\n#top .flex_column.av-av_one_half-8d21c1931c127e90dfc92eb072ea6df7{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.flex_column.av-av_one_half-8d21c1931c127e90dfc92eb072ea6df7{\nborder-radius:0px 0px 0px 0px;\npadding:30 px 30 px 30 px 30 px;\n}\n.responsive #top #wrap_all .flex_column.av-av_one_half-8d21c1931c127e90dfc92eb072ea6df7{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_half-8d21c1931c127e90dfc92eb072ea6df7 av_one_half  avia-builder-el-5  el_after_av_one_half  avia-builder-el-last  flex_column_div  '     ><section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h1>ROUND TABLE<\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_image-e38b0c84a9aa1b36461aef172f5d5ec3\">\n.avia-image-container.av-av_image-e38b0c84a9aa1b36461aef172f5d5ec3 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-av_image-e38b0c84a9aa1b36461aef172f5d5ec3 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-av_image-e38b0c84a9aa1b36461aef172f5d5ec3 av-styling-no-styling avia-align-center  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-3995 avia-img-lazy-loading-not-3995 avia_image ' src=\"https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/Foto-2-495x400.jpg\" alt='' title='LCTA_moscow_round_table'  height=\"400\" width=\"495\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/Foto-2-495x400.jpg 495w, https:\/\/www.lcta.ch\/site\/wp-content\/uploads\/2017\/03\/Foto-2-845x684.jpg 845w\" sizes=\"(max-width: 495px) 100vw, 495px\" \/><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-0366cc7376be6c9e82a3e9cc8987b64f '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>From left:<br \/>\n<strong>Christopher Harding<\/strong>, Managing Director, Mercuria<br \/>\n<strong>Matija Barudzija<\/strong>, Co-Founder, ENET Energy SA<br \/>\n<strong>Marco Passalia<\/strong>, General Secretary, LCTA<br \/>\n<strong>Nicola Moschillo,<\/strong> CEO, EstraEnergie<\/p>\n<\/div><\/section><\/p><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>17 March 2017<\/p>\n","protected":false},"author":1,"featured_media":1718,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"tags":[],"portfolio_entries":[21],"class_list":["post-1723","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio_entries-review-en"],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/portfolio\/1723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/portfolio"}],"about":[{"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/types\/portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/comments?post=1723"}],"version-history":[{"count":0,"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/portfolio\/1723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/media\/1718"}],"wp:attachment":[{"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/media?parent=1723"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/tags?post=1723"},{"taxonomy":"portfolio_entries","embeddable":true,"href":"https:\/\/www.lcta.ch\/en\/wp-json\/wp\/v2\/portfolio_entries?post=1723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}