scholarly journals DIVERSIFICATION OF GAS SUPPLIES AS A CORNERSTONE OF GAS SECURITY IN THE FRAMEWORK OF THE THREE SEAS INITIATIVE

2021 ◽  
Vol 2 (2) ◽  
pp. 1-8
Author(s):  
Danylo Stonis
Keyword(s):  
Natural Gas ◽  
Eastern Europe ◽  
Central Europe ◽  
Security Policy ◽  
Energy Transport ◽  
Transportation Infrastructure ◽  
The European Union ◽  
The North ◽  
Gas Market ◽  
South Axis

The article overviews approaches to the diversification of gas supplies in the framework of the Three Seas Initiative. The modern geopolitical situation in Eastern and Central Europe is characterized by transformation processes in the energy sector. Due to the implementation of decarbonization policy in the European Union and subsequent shift from coal as a main energy source, a need in alternative fuel sources, such as natural gas, emerges. Therefore, a significant increase in natural gas consumption is expected, which raises a number of issues, such as dependence on a single gas supplier and orientation of the EU’s gas transmission system in East-West direction only. This issue is crucial for Eastern and Central European states, due to the underdeveloped gas infrastructure in the region and heavy dependence on a single gas supplier, such as Russia or Turkey. Hence, the Three Seas Initiative is considered as a powerful tool, designed to develop energy, transport and digital infrastructure of the region in the North-South direction, where one of the most potentially promising projects within the framework of the Three Seas Initiative is represented by the development of gas infrastructure, aimed at solving the diversification of supplies in the gas market in Eastern and Central Europe. The implementation of developed gas infrastructure and diversification of gas supplies consists of several regional projects that are relevant for those countries in the region in which they are implemented in particular and for all member states of the Three Seas Initiative in general. The main purpose of the implementation of these projects is the creation of a unified natural gas transportation infrastructure in Eastern Europe along the North-South axis. The result of such a grand reorganization in the field of gas supplies to Europe will be an increase in the number of independent suppliers in the European gas market and a decrease in the dependence of the EU countries on gas supplies from Russia. In the article, the author traced in detail the tendency of the formation of energy infrastructure along the North-South axis with focus on the projects that are being implemented by each of the participating countries within the framework of the Three Seas Initiative. This approach allows to assess the scale and integrity of the gas transportation infrastructure, that is being created in the Eastern Europe region and its contribution to the common European energy security policy.

Central-Eastern Europe will compete for new LNG market

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Eastern Europe ◽  
Liquefied Natural Gas ◽  
Content Type ◽  
Natural Gas Market ◽  
Eu Member States ◽  
Central Eastern Europe ◽  
The North ◽  
Central Eastern ◽  
Gas Market

Subject LNG in Greece, Croatia and Poland. Significance Liquefied natural gas (LNG) terminals and interconnectors are part of the north-south natural gas corridor advocated by EU member states in Central-Eastern Europe (CEE) as a means to reduce dependence on Russia. Impacts The LNG project in Greece could slow down Croatia's plans to build an LNG terminal off the island of Krk. Access to cheap US gas via LNG is transforming the natural gas market worldwide. Cheaper gas may facilitate the transition from coal and increase the share of renewables across the region.

scholarly journals A Critical Review of Existing Approaches to Siberia: Relevance to Siberian Economic Development

2005 ◽  
Vol 6 (2) ◽  
pp. 101-117
Author(s):  
Ik Joong Youn ◽  
Bernhard Seliger
Keyword(s):  
Economic Development ◽  
Eastern Europe ◽  
Central Europe ◽  
Fiscal Federalism ◽  
Energy Transport ◽  
Institutional Transformation ◽  
Local Administration ◽  
Economic Potential ◽  
Economic Changes ◽  
Total Failure

Russia went through major political and economic changes in the 1990s. Siberia, historically a resource-colony, also began autonomous economic development. However, economic development did not succeed as planned and resulted in total failure. Siberia still holds the same meaning to Russia, as a colony that provides natural resources. But the exploitation of Siberia's rich resources is not enough to entice policymakers and scientists to develop Siberia until it reaches its full economic potential. This leads to a concentration of research in the economic analysis of resources, energy, transport, environment, agriculture, and forestry. The focus on institutional transformation is very typical in the discussion about Central Europe, Eastern Europe, and Russia's transformation, while micro-institutional analyses remain silent about Siberia. Emerging research on fiscal federalism and regionalization in Russia can provide basic elements of a micro-institutional theory, but elements such as a framework for education, local administration, and infrastructure are still wanting.

A large-scale linear complementarity model of the North American natural gas market

2005 ◽  
Vol 27 (4) ◽  
pp. 639-665 ◽  
Author(s):  
Steven A. Gabriel ◽  
Jifang Zhuang ◽  
Supat Kiet
Keyword(s):  
Natural Gas ◽  
North American ◽  
Large Scale ◽  
Linear Complementarity ◽  
Natural Gas Market ◽  
The North ◽  
Gas Market

A modified Cournot model of the natural gas market in the European Union: Mixed-motives delegation in a politicized environment

Energy Policy ◽  
2012 ◽  
Vol 41 ◽  
pp. 280-285 ◽  
Author(s):  
Thijs Jansen ◽  
Arie van Lier ◽  
Arjen van Witteloostuijn ◽  
Tim Boon von Ochssée
Keyword(s):  
European Union ◽  
Natural Gas ◽  
The European Union ◽  
Cournot Model ◽  
Natural Gas Market ◽  
Gas Market ◽  
Mixed Motives

scholarly journals US Natural Gas Market Classification Using Pooled Regression

2014 ◽  
Vol 2014 ◽  
pp. 1-9 ◽  
Author(s):  
Vyacheslav V. Kalashnikov ◽  
Gerardo A. Pérez-Valdés ◽  
Timothy I. Matis ◽  
Nataliya I. Kalashnykova
Keyword(s):  
European Union ◽  
Time Series ◽  
Natural Gas ◽  
The United States ◽  
Energy Markets ◽  
The European Union ◽  
Regression Parameters ◽  
Natural Gas Prices ◽  
Gas Market ◽  
New Research

Natural gas marketing has considerably evolved since the early 1990s, when a set of liberalizing rules were passed in both the United States and the European Union that eliminated state-driven regulations in favor of open energy markets. These new rules changed many things in the business of energetics, and therefore new research opportunities arose. Econometric studies about natural gas emerged as an important area of study since natural gas may now be sold and traded in a number of stock markets, each one responding to potentially different behavioral drives. In this work, we present a method to differentiate sets of time series based on a regression model relating price, consumption, supply, and other factors. Our objective is to develop a method to classify different areas, regions, or states into groups or classes that share similar regression parameters. Once obtained, these groups may be used to make assumptions about corresponding natural gas prices in further studies.

scholarly journals ANALYSIS OF LNG MARKET TRENDS AND PROSPECTS FOR THE IMPLEMENTATION OF RUSSIAN ARCTIC LNG PROJECTS.

2021 ◽  
Vol 71 (1/2021) ◽  
pp. 83-99
Author(s):  
Michael V. Ulchenko ◽  
Keyword(s):  
United States ◽  
Natural Gas ◽  
Production Capacity ◽  
The United States ◽  
Gas Production ◽  
Liquefied Natural Gas ◽  
Asia Pacific ◽  
The European Union ◽  
Gas Market ◽  
Near Future

Currently, natural gas is considered by most countries as the main source of energy, since it is the cleanest of all hydrocarbon fuels. So, the countries of the European Union have already announced their intention to completely abandon coal, in the production of electricity, in favor of natural gas by 2030. A similar policy is being pursued by the countries of the Asia-Pacific region, although they do not specify any specific deadlines. At the same time, natural gas is transported in two ways — using a pipeline and in liquefied form. The main advantage of the second method is that after liquefaction, the gas can be delivered to any point of the planet where there is a demand for it. Currently, the growth rate of the liquefied natural gas market is such that in 15–20 years it will not only catch up with the pipeline market, but also surpass it The paper identifies the key producers and exporters of liquefied natural gas, as well as assesses their potential opportunities in terms of increasing the volume of natural gas production and LNG production. The analysis showed that at the beginning of 2021, the main LNG exporters are Australia, Algeria, Indonesia, Malaysia, Qatar, Nigeria, Russia and the United States. At the same time, Qatar, Russia and the United States have real opportunities to increase export volumes. Australia is also able to increase production volumes, as it has reserves and spare production capacity, but due to the significantly increased domestic demand for LNG, it is likely that it will not be able to do this in the near future.

‘Back to the Future' A review of Australian reservation and other natural gas export control policies

2019 ◽  
Vol 59 (2) ◽  
pp. 505
Author(s):  
James Plumb
Keyword(s):  
Natural Gas ◽  
Gas Production ◽  
Export Market ◽  
North West ◽  
The North ◽  
History Of ◽  
Gas Market ◽  
The Government ◽  
Regulatory Controls ◽  
Land Reserve

Despite record levels of domestic production, forecasters are predicting that the east coast Australian gas market will remain tight in 2019. The introduction of the Australian Domestic Gas Security Mechanism (ADGSM) by the Federal Government in 2017, and the proposal announced by the Australian Labour Party (ALP) to bolster the mechanism, have again thrust the issue of political intervention in the export gas market into sharp focus. This paper provides an overview of the current regulatory intervention at the state and federal level, and looks back at the history of controls imposed upon the Australian gas export market. The paper is divided into two parts: Part 1, which looks at current regulatory controls engaged by various State and Federal governments: (a) the development and implementation of the ADGSM; (b) the development and implementation of the Queensland Government’s Prospective Gas Production Land Reserve policy (PGPLR); and (c) the Government of Western Australia’s (WA Government) domestic gas policy. The paper also reviews policy announcements made by the ALP in the lead up to the 2019 Federal election. Part 2 provides a broad overview of the history of controls on gas exports in Australia, from the embargo on exports from the North West Shelf between 1973 and 1977, through the increasing liberalisation of Australian energy policy during the 1980s and 1990s (and the associated conflict with state concerns of ensuring sufficiency of the domestic supply of gas), up to the removal of federal controls on resources exports (including liquefied natural gas) in 1997.

l'Italia hub euromediterraneo del gas naturale: politiche, infrastrutture, collaborazioni europee e internazionali

2012 ◽  
pp. 5-13
Author(s):  
Sergio Garribba
Keyword(s):  
European Union ◽  
Natural Gas ◽  
Eastern Europe ◽  
Market Integration ◽  
Central And Eastern Europe ◽  
The European Union ◽  
Security Of Supply ◽  
Regional Market ◽  
Italian Government ◽  
Natural Gas Prices

Natural gas is to remain a fundamental energy commodity in Italy and in the European Union during the coming decades. With a view to an increasing market integration, Italy and countries from Central and Eastern Europe could be interested in building a single regional market, implying a convergence towards a regional gas trading hub as a first step, then leading to a full-fledged market hub where the Italy would be the center. As a result of such a Euromediterranean hub countries of the region would improve their security of supply, reduce natural gas prices, and facilitate investments in new infrastructures. Necessary prerequisites for the establishment of this Euromediterranean hub are a stable alliance between governments and companies of consuming countries, collaboration agreements with producing and transit countries, the independence of the grids and a shared system of rules for grid access and use. The ownership separation of Snam, the Italian gas grid operator, from Eni as proposed by the Italian Government may represent a unique opportunity towards these goals.

The International Political Economy of Eastern European Energy Security

2018 ◽  
Author(s):  
Jack D. Sharples
Keyword(s):  
Political Economy ◽  
Eastern Europe ◽  
Energy Security ◽  
Market Failure ◽  
International Political Economy ◽  
Political Influence ◽  
The European Union ◽  
Regional Energy ◽  
Political Relations ◽  
Gas Market

This chapter assesses whether the concerns over regional energy security in Eastern Europe that have arisen since 2013 are caused by market failure, or by commercial gas trade falling victim to regional political tensions, with reference to the trilateral gas relationship between Russia, Ukraine, and the European Union (EU). In doing so, it highlights the political economy of the more competitive, flexible gas market in the EU and the traditional, non-competitive bilateral gas trade between Gazprom (Russia) and Naftogaz (Ukraine) in Eastern Europe, with the latter remaining open to political influence. The chapter concludes that the absence of market mechanisms led to energy security concerns that were later exacerbated by the crisis in political relations between Russia and Ukraine. It follows that the integration of Ukraine into the European gas market and reduction of Russian-Ukrainian bilateral over-dependence, will ease concerns over regional energy security in Eastern Europe.

scholarly journals Measurement of Connectedness and Frequency Dynamics in Global Natural Gas Markets

Energies ◽  
2019 ◽  
Vol 12 (20) ◽  
pp. 3927 ◽  
Author(s):  
Nakajima ◽  
Toyoshima
Keyword(s):  
Natural Gas ◽  
Spillover Effect ◽  
Market Liquidity ◽  
Asia Pacific ◽  
Natural Gas Markets ◽  
The North ◽  
Daily Data ◽  
Gas Markets ◽  
Gas Market ◽  
Gas Price

We examine spillovers among the North American, European, and Asia–Pacific natural gas markets based on daily data. We use daily natural gas price indexes from 2 February 2009 to 28 February 2019 for the Henry Hub, National Balancing Point, Title Transfer Facility, and Japan Korea Marker. The results of spillover analyses indicate the total connectedness of the return and volatility series to be 22.9% and 32.8%, respectively. In other words, volatility is more highly integrated than returns. The results of the spectral analyses indicate the spillover effect of the return series can largely be explained by short-term factors, while that of the volatility series can be largely explained by long-term factors. The results of the dynamic analyses with moving window samples do not indicate that global gas market liquidity increases with the increasing spillover index. However, the results identify the spillover effect fluctuation caused by demand and supply.

Sign in / Sign up

Export Citation Format

Share Document