In almost all countries investments in the gas infrastructure are largely on schedule, based on the planning of the past 3 years.
It is believed that adequate investments
will take place during the coming 6 years if the regulatory framework
reflects the risks which investing companies have to deal with.
However, there are indications that in some countries the further
development of distribution systems and decision-making by large
consumers, especially on the issue of fuel choice, are somewhat
slowed down for various reasons. Indeed, given the level of investments
needed and the expected growth of the gas market, a real postponement
of some investments might have serious setbacks for the market.
In hardly any EU country or non-EU country
does the government directly support infrastructural investments
financially. In the new European
Commission guidelines concerning projects of common interest
in the field of trans-European energy networks, it is indicated
that specific projects may be financially supported during
the study phase and/or the financing scheme of the project
itself through the European Investment Bank in Luxembourg or
other
public
or private financial institutions, or direct grants to investments
can be assigned in duly justified cases. There is also a
tendency to have the regional development funds linked to infrastructural
projects.
Two large investment projects terminals
in the United Kingdom (Grain LNG and
South Hock LNG) and BBL (offshore pipeline connection between
Balgzand in the Netherlands and Bacton in the United Kingdom)
were given the go-ahead by the companies and shareholders
of the companies after the European Commission implicitly (regulators
or responsible Ministers explicitly) decided that some
market regulations with regard to TPA requirements would not
be
applicable.
Granting an exemption from TPA provisions (Gas Directive
according to Article 22) is vital for the feasibility of such
projects.
These projects, as well as all other gas infrastructure
projects,
require a stable and healthy investment climate providing a
long-term and secure income.