scholarly journals The V4’s Gas Market transition towards the EU’s Energy Security

2021 ◽  
Vol 16 (2) ◽  
pp. 207-218
Author(s):  
Katarína Sárvári
Keyword(s):  
Energy Security ◽  
Market Transition ◽  
Market Model ◽  
Spot Markets ◽  
Supply Contracts ◽  
Gas Market ◽  
Returns On Investment ◽  
Gas Supply ◽  
The Eu

Current development of the European gas market uncovers several new opportunities and challenges for energy security that developed from big changes in production, transit and supply ways of natural gas to Europe. New European gas market model builds on the principles of diversification, the security of supply, interconnectivity and liberalization. Realization of the EU Third Energy Package related to a progressive shift from long-term oil-linked gas supply contracts and development of alternative gas supply sources and lines, as well as the rivalry between already established gas transit lines and the new supply lines present new challenges and require transition for the V4 countries. In this article I studied what are the new changes and challenges of the transition of V4 countries towards the EU’s energy security? To adjust to transition V4 countries should build the new infrastructure on the short-term pricing market and the ways how it will be funded. If V4 countries want to trade gas with the neighbours and transport most of the Russian gas to Europe, they need to invest into reforms of pipelines’ networks or to find other alternatives of diversification in the next decades. Returns on investment on a liberalized market with a multitude of competitors will be manageable but require serious reforms. The V4 countries will have to enter into the spot markets to efficiently trade gas. Available gas hubs in Europe are much smaller, less liquid, and mostly supplied by the same companies as the long-term traded gas hubs. This kind of markets is easy to manipulate. Therefore, it is important for the V4 countries to plan how to coordinate their national energy policies and name EU’s energy targets for the future.

VICTORIAN GAS MARKET-OPPORTUNITIES FOR PRODUCERS

1997 ◽  
Vol 37 (1) ◽  
pp. 755
Author(s):  
C.P. Demarte
Keyword(s):  
Gas Production ◽  
Market Place ◽  
Supply Contracts ◽  
Gas Industry ◽  
Market Growth ◽  
Field Development ◽  
Market Opportunities ◽  
Gas Market ◽  
Gas Supply

This paper addresses opportunities for producers in the Victorian gas market arising from the ongoing reform of the Australian gas industry. Much of the impetus of the change has occurred in Victoria but to date there has been little evidence of the benefit of market reform to producers. This is expected to change.Until recently, Esso/BHPP had a secure hold on gas production into the Victorian market. The renegotiation of their gas supply agreement with Gas and Fuel has created opportunities for limited production from new producers in the short term and significant market options in the long term.Gas marketing companies are preparing to change the way they do business. Rigid long-term gas supply contracts will be balanced with alternative arrangements with producers such as financing of field development, equity investment in projects, alliances, commodity exchanges and the use of underground gas storage and LNG.The formation of a spot market for gas will allow a transparent market place to evolve where forward physical and paper transactions can take place. Trading of gas futures and options will provide a mechanism for producers to take up any risk position that meets their corporate strategy.In the light of market growth forecasts, flexible supply arrangements and market restructure, the potential for supply of natural gas by producers into the Victorian market is considerable.

Algeria will aim to hold on to gas market share

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Chief Executive ◽  
Liquefied Natural Gas ◽  
Supply Contracts ◽  
Content Type ◽  
Global Demand ◽  
Gas Market ◽  
One Year ◽  
Gas Supply

Significance Sonatrach is preparing to renegotiate most of its long-term contracts to supply natural gas by pipeline and as liquefied natural gas (LNG), as their expiry dates approach in 2019 and 2020. Ould Kaddour, who was appointed Sonatrach’s chief executive one year ago after a period of turbulence within Sonatrach, has made clear that he appreciates the need for a flexible approach in an intensely competitive market. Impacts Algeria’s hydrocarbons production is declining, but global demand for LNG in particular is rising fast. Securing new natural gas supply contracts will be vital for Algeria’s revenue prospects. Ould Kaddour’s efforts to foster better relations with international companies could be rewarded by increased investment.

TurkStream will compete in a complex Balkan gas market

2020 ◽  
Keyword(s):  
The Black Sea ◽  
Supply Contracts ◽  
Content Type ◽  
North Eastern ◽  
South Eastern Europe ◽  
Gas Market ◽  
Nord Stream ◽  
The Baltic ◽  
The Eu

Significance With TurkStream, Russia has opened a new export route to the EU through South-eastern Europe under the Black Sea: Bulgaria, Greece and North Macedonia are receiving Russian gas through Turkey. Russian gas giant Gazprom is now less dependent on transit through Ukraine, although the larger Nord Stream 2 pipeline under the Baltic is being delayed and the Ukrainian route will continue serving Central Europe for the time being. Impacts Plans for a floating storage regasification unit at Alexandroupolis in north-eastern Greece will make headway. Access to LNG will give customers leverage over Gazprom when long-term supply contracts are renegotiated in the 2020s. As TurkStream brings not new but rerouted gas (except for new customers) it will not raise dependence on Russia.

scholarly journals Cooperation and Security: Examining the Political Discourse on Natural Gas Transit in Ukraine and Slovakia

Energies ◽  
2020 ◽  
Vol 13 (22) ◽  
pp. 5969
Author(s):  
Kateryna Yakovenko ◽  
Matúš Mišík
Keyword(s):  
Natural Gas ◽  
Energy Security ◽  
Political Discourse ◽  
Fossil Fuel ◽  
The Political ◽  
Nord Stream ◽  
Under Construction ◽  
The Eu

The COVID-19 pandemic appeared in the midst of developing the European Green Deal, the most ambitious project to decarbonise the EU’s economy to date. Among other issues, the project highlighted the challenges connected to the long-term role of natural gas as a fossil fuel in the European economy. Moreover, the changes to the gas architecture caused by the development of new import infrastructure (especially Nord Stream and its extension, which is currently under construction) put additional pressure on the transit countries, mainly of which are linked to the Brotherhood pipeline. These have been strong supporters of natural gas utilisation and harsh critics of new pipelines that circumvent their territories, as they consider energy transit to be an important part of their energy sectors. This research examines the political discourse on gas transit in Slovakia and Ukraine in order to identify the main arguments connected to these positions. The paper examines a total of 233 textual units from both countries for the period 2014–2018. It concludes that, while Ukraine sees transit predominantly through the lens of cooperation with the EU and other actors, the Slovak political discourse considers gas transit in terms of energy security and the availability of gas for the national economy.

scholarly journals Energy Security in Turbulent Times Towards the European Green Deal

2021 ◽  
Vol 9 (3) ◽  
pp. 360-369 ◽  
Author(s):  
Odysseas Christou
Keyword(s):  
Climate Policy ◽  
Energy Security ◽  
Policy Documents ◽  
Policy Adaptation ◽  
Turbulent Times ◽  
Policy Objectives ◽  
Narrow Definition ◽  
Energy And Climate Policy ◽  
The Eu

This article presents a theoretical approach to energy security. It incorporates the concept of governing through turbulence as both a response to crisis onset and a source of long-term policy adaptation. The article applies this framework to an empirical analysis of the energy and climate policy of the EU through a review of policy documents in the period between 1995 and 2020. The article presents the evolution in the conceptualization of energy security in EU policy from a narrow definition restricted to characteristics of energy supply to an expanded conception that integrates additional elements from associated policy areas. The article argues that the European Green Deal represents the culmination of this process and concludes that the convergence of energy and climate policy objectives reinforces the trend towards the widened conceptual scope of energy security.

Evolution of the east coast gas market

2018 ◽  
Vol 58 (2) ◽  
pp. 513
Author(s):  
Philip Byrne
Keyword(s):  
East Coast ◽  
Regulatory Frameworks ◽  
The Us ◽  
Major Transition ◽  
Gas Market ◽  
Gas Fields ◽  
Eastern Seaboard ◽  
Gas Supply ◽  
Australian Industry

This extended abstract reviews how the east coast gas market is managing the major transition from being a ring-fenced domestic market to being part of an interconnected global trading market, and what still needs to be done to rebalance after half a decade of disruption. The east coast gas market has a great future ahead of it, but only if Australia acts quickly to open up access to new gas supply sources as existing gas fields mature and decline. The presence of a global liquefied natural gas (LNG) supply market on the east coast now provides an incentive for gas producers to invest in new provinces and new plays at a scale the domestic gas market could not have supported on its own. This can only be good for competition in the east coast gas market over the medium to long term, and potentially open up enormous supplies for the growth of Australian industry, akin to the US shale gas revolution. To make the most of the resources and infrastructure we now have on the eastern seaboard, there is a role for governments to play in ensuring access to resources and providing stable, coordinated, robust energy policy and regulatory frameworks that attract investment in further growth in the gas sector, the benefits of which will flow on to Australian industry more generally.

scholarly journals The European Geopolitical Space and the Long Path to Brexit (The Government and Opposition/Leonard Schapiro Lecture 2020)

2021 ◽  
pp. 1-20
Author(s):  
Helen Thompson
Keyword(s):  
Middle East ◽  
Energy Security ◽  
Short Term ◽  
Eu Membership ◽  
Fault Lines ◽  
The Government ◽  
Article 50 ◽  
The Eu

Abstract Although Brexit had its short-term roots in economic and constitutional legitimation issues, it cannot be explained without considering the European geopolitical space, the EU's contrasting political formations in the security and economic spheres, and the fault lines these produce. Seen from a long-term geopolitical perspective, there have been recurrent problems in Britain's efforts to deal with the EU and its predecessors, and persistent patterns of crisis. The geopolitical environment, especially around NATO and energy security in the Middle East, first rendered non-membership of the EEC a problem, then made entry impossible for a decade, helped make EU membership politically very difficult for British governments to sustain, and then constrained the May governments’ Article 50 negotiations. These problems have a singularly British shape, but they cannot be separated from more general fault lines in the European geopolitical space.

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