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Gas Day was held on the 17th of October 2023

Zagreb, 17 October 2023. The regular session of the Croatian Gas Association (CGA) was held, including the event Gas Day, which traditionally gathers numerous participants from the Croatian gas market, along with interest shown by the media. The CGA held its regular session of the General Assembly on the premises of INA – Industrija nafte d.d., Avenija Većeslava Holjevca 10 in Zagreb. INA d.d. was also the main sponsor of the event. The gathering was attended by professionals from the gas and energy industry, representatives from numerous institutions, institution directors, members of the boards of energy companies, university professors and media representatives. The current issues affecting the gas market were the main topic at the gathering. The General Assembly received the official 2022 CGA Financial Report, which was also approved. Also accepted were the 2024 CGA Working Plan and 2024 CGA Financial Plan.

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Media appearances by the Croatian Gas Association

The Croatian Gas Association (CGA) is actively involved in events on issues related to the gas sector in Croatia. The President of the CGA, Assist Prof Dalibor Pudić, made a number of media appearances in 2022 due to the public’s great interest in the disruptions in the global gas market (due to historically high gas prices). It has become a gas crisis that intensified in 2022 on account of significant changes in geopolitical circumstances. In his statements, the President of the CGA endeavoured to clarify the views of the gas industry to timely and professionally inform the interested public.

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The 38th International Scientific and Expert Meeting of Gas Professionals was successfully held in Opatija on 10 – 12 May 2023

The 38th International Scientific and Expert Meeting of Gas Professionals, along with the traditional international exhibition of gas equipment and technologies, was successfully held in the Congress Center of the Grand Hotel Adriatic in Opatija in the period 10-12 May 2023 and organized by Croatian Gas Centre Ltd and the Croatian Gas Association (CGA) as a member of the International Gas Union (IGU)

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OVERVIEW OF THE FRIENDS OF THE EARTH CONFERENCE AT WHICH THE DEGASIFICATION OF CROATIA WAS PRESENTED

Friends of the Earth held a rally at the Journalists’ House (Novinarski dom) in Zagreb on 26 January 2023. The conference presented the document Study on the Degasification of Croatia, drawn up for the Friends of the Earth (Croatian name of Zelena akcija) by the Association for Sustainable Development of Energy Systems. Interestingly, the authors of the Study on Natural Gas use the name “fossil gas”, stating that modelling Croatia’s energy development has shown that replacing fossil gas with renewable sources by 2035 and a return on investments by 2037 is possible.

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The crisis in the energy market continues

The turbulent times in the energy markets have not calmed down. At the time of writing, in late August 2022, the price of gas on the Title Transfer Facility (TTF) exceeded the threshold of €300/MWh. Electricity prices in European markets have also reached staggering levels. On the day-ahead market of the Croatian Power Exchange (CROPEX), for the delivery date of 26 August 2022, the following prices were recorded: Base → €708.08/MWh and Peak → €748.22/MWh. Therefore, the following question arises: Is the period of excessive prices in the global energy markets coming to an end? Answering the question with optimism is difficult because the situation clearly entrails devastating trends in a distorted market, triggering a general crisis with rising prices for many goods and services and ultimately leading to worldwide inflation. Unfortunately, many uncertainties (detailed in the reviews of editors in past issues of the Plin (Gas) magazine have yet to be mitigated and will, therefore, continue to affect energy prices, making any forecasting unreliable.

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