The book aims at analysing the role of natural gas in the future energy mix by considering several key factors: the ambitious climate policies agreed by the international community, cost issues, and the role of technological innovation in the broader global gas picture
Gas security is a key factor in the European Union’s energy policy. Contractual relations based on long-term contracts during the 1970s and 1980s led to relative stability in energy trade between the EU and its gas suppliers…
The Rebound Effect and Energy Efficiency Policy ; European Natural Gas Seasonal Effects on Futures Hedging ; Integrated Environmental Assessment of Future Energy Scenarios Based on Economic Equilibrium Models ; Implications of Weak Near-term Climate Policies on Long-term Mitigation Pathways…
“This paper presents an analysis of the global gas market, offering views on what the most relevant ‘unknown knowns’ of today look like, and hypotheses about some of the possible game-changing events that the market is likely to face in the short to medium term.”
With survey data from the IGU and others continuing to demonstrate the continuing widespread adoption of hub pricing for European gas, and trading volumes growing strongly overall, this paper revisits the issue of hub price correlation. Following from her ground-breaking paper of October 2013 where for the first time in the public domain the analysis of OTC trading data revealed strong trends towards price convergence at the European gas trading hubs, Beatrice Petrovich in this paper extends the analysis with data to October 2013.
Russia possesses the potential to produce significant gas from its Eastern Regions, with total proved reserves in East Siberia and the Far East of Russia standing at 5 trillion cubic metres (Tcm) while prospective resources could be as large as 65Tcm. This would appear to give Russia a huge opportunity for export sales into the Asia Pacific region, which contains the world’s largest LNG importing nations and two of the world’s fastest growing gas markets in China and India (also importers of LNG)…
Thebook provides a comprehensive analysis of all the challenges and opportunities aecting the European gas industry, with the aim to provide a clear snapshot of a market characterized by growing uncertainty and volatility.
In this paper we reconsider Jansen e tal.’s (2012) Cournot model of the Euro- pean Union natural gas market with three major suppliers : Russian Gazprom, Norwegian Statoil, and Algerian Sonatrach…
This OIES paper is an in-depth study of the genesis and present situation of these two significant gas consuming countries, including the drag on their potential economic output as a consequence of gas supply shortages and the attempts of each to secure gas import projects be they pipeline gas or LNG
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.
This Oxford energy comment is a response to a paper by Sergei Komlev, from the Contract Structuring and Pricing Directorate of Gazprom Export, which challenged the conclusions of previous OIES research on European gas pricing and suggested that we had “refused to engage constructively with those who offer opposing viewpoints.” In this comment, Jonathan Stern and Howard Rogers set out the differences between their research and that of Sergei Komlev and respond to his criticisms.
This OIES study provides a detailed survey of Baltic gas relations with Russia in the post-Soviet era, showing the inter-relationships between political and commercial considerations and how these have differed between countries and changed over time…
This paper by Patrick Heather assesses the development of the European Continental Gas Trading Hubs. It is a natural successor to his 2010 paper ‘The Evolution and Functioning of the Traded Gas Market in Britain’
This MIT study seeks to inform the discussion around natural gas by addressing a fundamental question: what is the role of natural gas in a carbon-constrained economy?
New Economics Papers Energy Economics (REPEC)