7th Baltic Energy Forum 2015

With the 7th Annual Baltic Energy Summit come to an end, I would like to draw a few conclusions from these two days of intensive discussions and insightful presentations that took place between 25 and 26 November. Due to current LNG situation and The Baltics progressively emancipating themselves from the Russian resources, we decided to host this year's edition in Vilnius, Lithuania. The conference took place at The Radisson Blu Hotel Lietuva and gathered over 110 sector specialists, who discussed current energy matters and future prospects for the region, also the challenges of change and ways of strengthening the common energy policy goals.

A huge part of this year's conference success we owe to our great sponsors, who supported us throughout and helped us deliver this focused event. BES 2015 was organised with the support of; Cheniere (Silver Sponsor), which is one of the leading companies in North America, strategically pursuing the development of LNG terminals. We also worked with Fortum (Bronze Sponsor) and the EU strategic project of a cross-border interconnection between Poland and Lithuania – LitPol Link. Roschier and Axpo (Assocaite Sponsors) were also among our different variety of Sponsors this year.

Special thanks also goes to our Chairwoman, Dr. Laura Huomo from Roschier, who inaugurated the event. She also assured the smooth and timely running of the conference. Her professional manner and experience in this role guided the speakers and helped involve the audience in Q&A sessions.

We started early on Wednesday 25th November with the opening presentation on PCIs by Ms Andreea Tanasa from the European Commission, DG Energy, followed by the Regulatory updates on the latest developments in the region, by Ms Diana Korsakaite, who now holds the position of a Regulatory Professional for Infrastructures. Ms Korsakaite is also the Former Chair of National Commission for Prices and Energy Control.

Later that day, we would focus on LNG and Project Finance sessions. However, to begin with, we discussed  GAS market. First, we heard from Mr. Taavi Veskimagi, the CEO of Elering, who spoke about Vision of Regional Finnish-Baltic Gas Market. We then heard from Dr. Laura Huomo, who reviewed The Upcoming new Finnish Natural Gas Market Act. 

After a short coffee break, when our delegates had a first chance to network and exchange business cards, there was a presentation from Mr. Pawel Sek, who represented a Polish gas transmission system operator – Gaz System, involved in GIPL Interconnection. Shortly after, Mr. Søren Juel Hansen from Energinet DK debated possible long term solutions for integrating the Baltic, Polish and Nordic Gas Markets.

Concluding the gas section, was a panel discussion featuring  the so-far speakers; Mr. Søren Juel Hansen and Ms Diana Korsakaite, plus the Moderator, Mr. Daivis Svirinas (Partner, Sorainen), and other Panellists: Mr Haroldas Nauseda from Lietuvos Duju Tiekimas,  Mr. Justas Cerniauskas from NCC and Mr. Marko Allikson from Baltic Energy Partners. Occasional questions from the audience also added value to this lively exchange. The debate was interrupted by a lunch break and discussions continued over a meal. Our Guests had a chance to further express their views and take on Baltic energy independence and market directions during this longer break.

LNG session opened the second half of the day. It commenced with the presentation by LITGAS CEO, Mr. Dominykas Tuckus. Ms Helena Wisden from Cheniere spoke next and brought a more international outlook on LNG to these otherwise Baltic focused reflections. The last presentation in LNG section was provided by Klaipedos Nafta CEO, Mr. Mantas Bartuska. All three speakers had then joined Mr. Mahinde Abeynaike (CEO, Bomin Linde LNG) and  Mr. Dominykas Kryzevicius (Imlitex) in the discussion panel moderated by  Alexela Energia's CEO, Ms  Maria Helbling. We had a useful round of comments and questions following this one, touching upon Klaipeda's competitiveness, LNG trends, gas demand fluctuations and LNG prices.

Our further proceedings concerned project finance in the Baltic region and there were two presentations with respect to this topic. First one was by Mr. Amund Beitnes, a Senior Investment Manager from NEFCO – an international financial institution focusing on green growth investments and projects. These views were complimented by the EIB's perspective. Mr. Jacek Podkanski outlined The European Investment Bank's lending in the region and presented an overview of the three Baltic States.

After Chairwoman's closing remarks, all Attendees were invited to enjoy conversation in a more casual atmosphere, at the cocktail reception.

The second day was entirely dedicated to Power market and Renewable Energy Sources. After welcoming everyone, Dr. Laura Huomo introduced the first speaker. Mr. Viktor Balyberdin (CEO, SKM Market Predictor). Next, presenting on Power related matters were Dr. Wolfgang Krewel from GE and Mr.  Aivaras Simkunas from Axpo Nordic.

The speakers had then had a chance for a more interactive commentary, as they sat in a panel discussion with Prof. Irina Oleinikova (Director of Institute of Physical Energetics), who brought in a more academic and research-led perspective on power distribution and electricity market.

A networking coffee break followed and provided yet another opportunity for all the Guests to talk to their potential business partners, to establish necessary connections and to meet their colleagues.

The final session filled the room to discuss Developing and Financing Renewables. Ms Anna Mutule, who is a Leading Researcher at The Institute of Physical Energetics discussed the emergence of the new cathegory of 'prosumers'. Her presentation was followed by World Energy Council's representative, Mr. Gintaras Adzgauskas.

The 7th Annual Baltic Energy Summit ended with a fantastic discussion involving Mr. Tadas Navickas, the CEO of 4energia, Mr. Julien Mauduit from EBRD, Ms Inese Ikstena from SPRK and Mr. Gintaras Adzgauskas, WEC. Moderating this panel was Rödl & Partner Attorney-at-law, Mr. Tobias Kohler, who kept the conversation moving at a brisk pace and engaged the audience in the Q&A afterwards. It was a fantastic final accent of the conference and provided a strong closure to the second day.

Chairwoman's closing remarks brought the end to the Summit and all the Guests were invited to network and chat over a lunch.

If you are interested in accessing the conference materials (presentations, videos and delegate list), then please complete and return the necessary order form.

EEL EVENTS will be providing a series of forums in 2016, including our 8th Annual Baltic Energy Summit. If you would like to be involved as a sponsor, speaker, panellist or delegate please contact Ewa Liksztet (ewa.liksztet@eelevents.co.uk)  for more information. 

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