LNG Terminal’s Short-Term Flexibility Value
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November 10, 2020
LNG Terminal’s Short-Term Flexibility Value
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FTI Consulting provided assistance to a long-term capacity holder at a European LNG terminal who wanted to assess the possibility to use its LNG terminal capacity towards its security of supply obligation.
FTI Consulting was commissioned to assess and benchmark the potential role of LNG terminals in short-term security of supply in the country, as compared to other means of gas flexibility.
Situation
A long-term capacity holder at a European LNG terminal wanted to assess the possibility to use its LNG terminal capacity towards its security of supply obligation.
Our Role
FTI Consulting was commissioned to review the potential role of LNG terminals in short-term security of supply in the country, and assess the economic added-value of relying on LNG terminals as compared to other means of gas flexibility. We quantified the potential contribution of LNG terminals to short-term flexibility, based on national definitions of short-term security of supply needs. We then assess the contributions of other means (underground storage, interconnectors…) and costed them to obtain a national merit order of short-term flexibility means.
Our Impact
Our client used our results to make the case for an inclusion of LNG terminals’ flexibility in the gas security of supply requirements, and for financial support for security of supply to be designed in a level-playing field.
Related Information
Published
November 10, 2020
Key Contacts
Senior Managing Director