The divergent views of the panellists ensured
followed by two analyses. Luis Ignacio Parada
that there was a lively discussion. The session
(Enagás, Spain) made a comparative analysis of
was attended by 388 delegates.
the US and EU regulatory bodies, the Federal Energy Regulatory Commission (FERC) and the
Committee Session 7.3: Corporate strategy
Agency for the Cooperation of Energy Regu
and regulation
lators (ACER); and Milan Sedlácˇek (Eustream,
This session presented the work of Study Group
Slovakia) introduced a detailed description of
B.3 and was attended by 425 people. It was
the European Network of Transmission System
chaired by SG B.3’s leader, Francisco de la Flor
Operators for Gas (ENTSOG).
(Enagás, Spain), and co-chaired by Ram Ramanathan (Saudi Aramco, Saudi Arabia). Francisco de la Flor began by giving a brief summary of the report’s contents and explained how the work had been organised during the
Francisco de la Flor stressed the importance of having a stable, predictable and secure regulatory framework, with legal certainty as the key factor to attract investments. Finally, a panel moderated by Colin Lyle
triennium. He pointed out that the main part of
brought together the expertise of Wilson “Dub”
the report had been dedicated to corporate case
Crook (ExxonMobil, USA), who introduced
studies and to starting cooperation between
“Regulation Inside of Companies”; Pallapa
industry representatives (IGU) and the regulators’
Ruangrong (Energy Regulatory Commission,
representatives worldwide (the International
Thailand, who presented “Regulation Views
Confederation of Energy Regulators – ICER).
from Outside Companies”; and Francisco
Ram Ramanathan was in charge of intro
Salazar (Energy Regulatory Commission,
ducing the case studies. He explained the
Mexico), who presented the work carried out
analysis of regulatory models around the world,
jointly by ICER and IGU during the triennium.
and presented a series of examples to illustrate
The main messages from the report were:
company responses to technical, commercial
◆ There has been an increase in the scope
and regulatory changes throughout all parts of
and the prerogatives of gas regulation, at
the gas value chain. His presentation was
supra-national (e.g., European), national and local levels.
v Ram Ramanathan addressing PGC B’s Committee Session 7.3.
◆ Laws and regulations have been imple mented that address environmental issues. ◆ There are positive trends across the world in regulation but at different speeds. ◆ Cooperation between industry and the regu lators is a prerequisite for success in this challenging but promising future. Expert Forum 7.A: Regulatory issues and business cases This Expert Forum was a follow-up to Com mittee Session 7.3. Both were a result of SG B.3’s work during the triennium that addressed corporate gas business strategy and regulations. The forum was chaired by Ram Ramanathan and Dominique Jamme (CRE, France) and was attended by 150 delegates.
122 P o s t - C o n f e r e n c e R e p o r t s f r o m t h e C o m m i t t e e s a n d Ta s k F o r c e s