Étiqueté : European Union

EU gas supply security: Unfinished business

Four years after the gas supply crisis of January 2009, this paper looks at the market and policy changes that have changed the European gas situation, and their implications in terms of security of supply. Several positive developments are identified, including the byapssing of Ukraine by Gazprom-sponsored pipelines; the acceleration of import diversification in large markets of western Europe; the process of ‘commoditisation’ of natural gas in northwest Europe…

The conundrum of the Southern gas corridor: What are the risks for Europe and Azerbaijan?

For more than ten years harsh negotiations among different oil majors and pipeline consortia have been taking place about the Southern Gas Corridor, all of them seeking to transit 10 bcm/year of natural gas that will be produced from the Shah Deniz giant gas field of Azerbaijan to the European Union. As of today, no Final Investment Decision (FID) has been reached neither for the preferred pipeline route to Europe, nor for the production of the second phase of Shah Deniz…

The EU third package for gas and the gas target model

Katja Yafimava’s paper details this evolving landscape and sets out the key debates on issues of capacity allocation and congestion management. The paper’s secondary focus is the impact on Russia, as the main external supplier of gas to Europe, and in particular the impact on Gazprom’s existing supply and capacity contracts and its plans to build extensive new pipeline capacity for exports to Europe.

Towards a New Eastern Mediterranean energy corridor?

The Eastern Mediterranean region is rapidly changing. The turbolent political transition in Egypt after the Arab Spring, the civil war in Syria, the emergence of Turkey as leading  regional power, the tensions between Israel and Gaza and the never-ending dispute between Turkey and the Republic of Cyprus are -all together- reshuffling the regional geopolitical equilibrium. At the same time natural gas findings are flourishing in the offshore of Egypt, Israel, and Cyprus, reshaping the regional energy map and rapidly making the Eastern Mediterranean a world-class natural gas province…

Regionalization strategies of EU electric utilities

As part of the debate about globalization and regionalization, this paper adds a perspective that has so far remained underexposed, that of (formerly state-owned) firms in (previously) regulated industries, in order to better understand the (changing) role of the home country/region in internationalization processes in the context of regional market liberalization…

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