Hogan Lovells Hosts First Joint Meeting of the International Confederation of Energy Regulators and International Gas Union
09 March 2011
WASHINGTON, D.C., 9 March 2011 – The first joint meeting of the International Confederation of Energy Regulators (ICER) and the International Gas Union (IGU) was held yesterday at Hogan Lovells' Washington, D.C. office. The workshop focused on regulatory issues facing the world's natural gas markets and the importance of cooperation between energy regulators and the natural gas sector.
The invitation-only meeting included a group of approximately 100 high-level industry and regulatory authority representatives, including ICER Chair Lord John Mogg, IGU President Datuk Abdul Rahim Hashim, and ICER and IGU members from 29 countries.
"We are honored to have hosted this important meeting to bring together regulators and natural gas executives throughout the globe," said Susan J. Court, partner in Hogan Lovells' Energy practice who coordinated the meeting with ICER and IGU. "As natural gas continues to play a key role in meeting the world's energy demand, this workshop brought forth a wide-range of critical issues affecting the future development of the global natural gas markets."
The workshop centered on four key regulatory issues where natural gas market players and energy regulators should seek to work together to improve stability, investments, competition, and sustainable growth in the world's natural gas markets. The four technical sessions focused on: the interaction between regulators and operators, regulatory influences on international investment, regulation and price formation, and environmental aspects of natural gas.
As a result of these discussions, ICER and IGU will strengthen their dialogue and collaboration on specific issues of mutual interest through future workshops, with a view to reporting on progress at the 25th World Gas Conference in Kuala Lumpur, Malaysia in June 2012. One key theme that emerged was the necessity of a stable and transparent regulatory framework to ensure adequate long-term investment in natural gas infrastructure, security of supply, and competitive and efficient markets. Participants also discussed the role of natural gas in a carbon constrained world, alongside renewable energy sources, as gas offers better combustion properties and lower emissions than other fossil fuels.
Kevin Lipson, Hogan Lovells Energy Practice Area Leader added: "Our global Energy practice has wide-ranging experience in regulatory and corporate matters, and hosting this workshop was a natural extension of our deep capabilities in the issues that impact our energy clients worldwide."
Additional information on the meeting from ICER and IGU, including a joint press release, statement of conclusions, and program agenda is available here.