scholarly journals Assessing the Impact of Investments in Cross-Border Pipelines on the Security of Gas Supply in the EU

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 2913
Author(s):  
Yassine Rqiq ◽  
Jesus Beyza ◽  
Jose M. Yusta ◽  
Ricardo Bolado-Lavin
Keyword(s):  
Natural Gas ◽  
Gas Production ◽  
Optimization Approach ◽  
The European Union ◽  
Cross Border ◽  
Gas System ◽  
Natural Gas System ◽  
The Impact ◽  
Gas Supply ◽  
The Eu

The European Union (EU) is highly dependent on external natural gas supplies and has experienced severe gas cuts in the past, mainly driven by the technical complexity of the high-pressure natural gas system and political instability in some of the supplier countries. Declining indigenous natural gas production and growing demand for gas in the EU has encouraged investments in cross-border transmission capacity to increase the sharing of resources between the member states, particularly in the aftermath of the Russia–Ukraine gas crisis in January 2009. This article models the EU interconnected natural gas system to assess the impact of investments in the gas transmission network by comparing the performance of the system for scenarios of 2009 and 2017, using a mathematical optimization approach. The model uses the technical data of the infrastructures, such as production, storage, regasification, and exchange capacity through cross-border pipelines, and proposes an optimal collaborative strategy which ensures the best possible coverage of overall demand. The actual peak demand situations of the extreme cases of 2009 and 2017 are analyzed under hypothetical supply crises caused by geopolitical or commercial disputes. The application of the proposed methodology leads to results which show that the investments made in this system do not decongest the cross-border pipeline network but improve the demand coverage. Countries such as Spain and Italy experience a lower impact on gas supply due to the variety of mechanisms available to cover their demand. Furthermore, the findings prove that cooperation facilitates the supply of demand in crisis situations.

Innovation in the EU Gas Sector

2018 ◽  
Author(s):  
Martha Roggenkamp ◽  
Jacob Sandholt ◽  
Daisy G Tempelman
Keyword(s):  
Natural Gas ◽  
National Level ◽  
Quality Standards ◽  
Legal Framework ◽  
Gas Field ◽  
Cross Border ◽  
Gas System ◽  
Gas Market ◽  
Natural Gas System ◽  
The Eu

The EU natural gas system has been developed since the 1960s, following discovery of the Groningen gas field. Climate change and security of supply challenges are affecting the natural gas market, provoking greener innovation including the introduction of renewable gases, such as biogas, which needs to be converted to biomethane (natural gas quality) before injection into the natural gas system and transported cross-border. This chapter examines the legal framework on EU and national level. Special attention is paid to: the extent to which biogas/biomethane is considered a renewable energy source; safety and quality standards; access and connection rules. National gas quality standards may, however, prove to be an obstacle for transportation cross-border. In addition, there is a trend towards cross-border contractual trade in biomethane and slowly emerging organizational developments facilitating cross-border trade in biomethane.

scholarly journals Consistency Analysis and Data Consultation of Gas System of Gas-Electricity Network of Latvia

2018 ◽  
Vol 55 (1) ◽  
pp. 22-34 ◽  
Author(s):  
L. Zemite ◽  
A. Kutjuns ◽  
I. Bode ◽  
M. Kunickis ◽  
N. Zeltins
Keyword(s):  
Critical Points ◽  
Storage System ◽  
Technical Data ◽  
The Core ◽  
Gas System ◽  
The Baltic ◽  
Natural Gas System ◽  
And Storage ◽  
Gas Supply ◽  
The Eu

Abstract In the present research, the main critical points of gas transmission and storage system of Latvia have been determined to ensure secure and reliable gas supply among the Baltic States to fulfil the core objectives of the EU energy policies. Technical data of critical points of the gas transmission and storage system of Latvia have been collected and analysed with the SWOT method and solutions have been provided to increase the reliability of the regional natural gas system.

scholarly journals The impact of securities regulation in the European Union on M&A: Does it compensate to go beyond borders?

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rita Monteiro ◽  
Sónia Silva
Keyword(s):  
European Union ◽  
Investor Protection ◽  
Equal Treatment ◽  
The European Union ◽  
Content Type ◽  
Cross Border ◽  
Eu Directive ◽  
Takeover Bids ◽  
The Impact ◽  
The Eu

Purpose The purpose of this study is to examine the impact of the transposition of the EU directive that regulates M&As on cross-border deals. Acquirers of targets located in the European Union (EU) must comply not only with takeover rules set individually by member states but also with European Council Directives. The most significant of these Directives in the context of mergers and acquisitions (M&As) is the Takeover Bids Directive (TBD). The intent of the Directive is to ensure equal treatment for all companies launching takeover bids or that are subject to a change in control, providing minimum harmonization rules in view of creating a transparent environment for cross-border takeovers. Design/methodology/approach This study uses the event-study and difference-in-differences approaches. Findings Using a sample of 2,129 M&As conducted between 2000 and 2015, this paper finds positive acquisition synergy for acquirers targeting firms from countries with stronger investor protection rules compared to the average of the EU, but no evidence regarding cross-border deals. The results support the prediction that regulation makes countries diverge more depending on their ex ante level of investor protection. Originality/value This study examines the impact of the enactment of the TBD on announcement returns of M&As in the EU.

scholarly journals Industrial production of natural gas in the North and Arctic regions of the Russian Federation and prospects for its implementation in the EU market

2020 ◽  
Vol 84 ◽  
pp. 03005
Author(s):  
Mikhail Ulchenko
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Industrial Production ◽  
Gas Production ◽  
Yamal Peninsula ◽  
The European Union ◽  
Eu Countries ◽  
The North ◽  
The Russian Federation ◽  
The Eu

The paper is devoted to the study of industrial production of natural gas in the regions of the North and Arctic of the Russian Federation and the prospects for its implementation in the market of the European Union. It is shown that the main production is concentrated in the Yamal-Nenets Autonomous district, where up to 75% of the total gas production is produced. Gas is transported both by means of a well-developed pipeline network connecting the Yamal Peninsula with European countries, and in a liquefied state, using gas carriers of the appropriate ice class. At the same time, despite all the efforts of the EU countries to reduce energy consumption, gas consumption is growing. This is due to the decline in production within the Union itself, as well as the desire to use more environmentally friendly energy sources. The analysis conducted in the course of the study showed that Qatar and Russia can actually increase the volume of deliveries in the near future. These exporters have a number of advantages that, in our opinion, will allow them to increase their presence in the energy market of the EU countries - significant reserves of natural gas, availability of production capacity, opportunities to increase the volume of transportation, and the most attractive price for end users.

Brexit: what are the options for the financial services industry?

2016 ◽  
Vol 17 (4) ◽  
pp. 45-53 ◽  
Author(s):  
David Sahr ◽  
Mark Compton ◽  
Alexandria Carr ◽  
Guy Wilkes ◽  
Alexander Behrens
Keyword(s):  
Financial Services ◽  
Political Development ◽  
The European Union ◽  
Content Type ◽  
Cross Border ◽  
The Future ◽  
Financial Services Firms ◽  
The Uk ◽  
The Impact ◽  
The Eu

Purpose To explain the impact for financial services firms of the UK’s vote to leave the European Union (EU) and to assess the possible options for conducting cross-border financial services between the UK and EU in the future. Key to this is the likely loss of the EU “passport” for financial services that allows a firm licensed in one EU state to offer its services freely throughout all EU states. Design/methodology/approach Explains the process by which the UK will leave the EU and negotiate future trading arrangements; the key considerations for financial services firms doing cross-border business in the EU; the various options for cross-border business in the future; and the key steps financial services firms should be taking to respond to the vote to leave the EU. Findings Many issues still remain uncertain and are unlikely to be resolved for a number of years, but long lead times to implement solutions mean that firms should be considering their options now. Practical implications Firms should be evaluating their current reliance on EU passports and the alternative options that might be suited to their business, such as the “quasi-passports” available under certain specific EU laws or relocation of part or all of their business. Originality/value Legal analysis and practical guidance concerning an unprecedented political development with profound impacts on financial services in Europe, by experts with long-term experience of EU negotiations and financial services gained from working for the British government, regulators and regulated firms.

scholarly journals The impact of the COVID-19 pandemic on volume and spatial breakdown of tourist flow in Finland and Estonia in 2020

2020 ◽  
pp. 121-128
Author(s):  
I.A. Ivanov ◽  
◽  
E.S. Golomidova ◽  
N.K. Terenina ◽  
◽  
...  
Keyword(s):  
World Economy ◽  
The European Union ◽  
The Past ◽  
Cross Border ◽  
Tourist Flows ◽  
The World ◽  
Domestic Tourism ◽  
The Impact ◽  
The Eu ◽  
Tourist Flow

Nowadays international tourism is among the sectors of the world economy most affected by the COVID-19 pandemic. The aim of the study is to identify differences in the dynamics of tourist flow in Finland and Estonia during the first eight months of 2020 compared to 2019, as well as changes in the structure of incoming tourist flow to these countries. Particular interest in studying the tourist flows of Finland and Estonia is due to the fact that over the past two decades they have been among the top ten countries in the world in terms of outbound tourism of Russians, as well as among the leaders in this indicator among the EU States, which is directly related to their neighboring position with Russia. Tourism in Estonia and Finland experienced a rather difficult period of spring quarantine, and its recovery in the summer began with domestic tourism. There has also been an increase in the incoming tourist flow. At the same time, the best dynamics were demonstrated by the tourist flow from neighboring countries of the European Union, the border with which was partially opened for tourists in the summer of 2020. Adjacent territories of neighboring countries are the part of the cross-border tourist and recreational regions, within which tourist flows were restored faster than tourist exchange with other, geographically more remote States. This conclusion gives hope for a fairly rapid recovery of cross-border tourist exchange between Russia and neighboring countries after the “opening” of borders at the end of the pandemic.

Russia - European Union: The continuation ofthe sanctions standoff

2017 ◽  
pp. 114-127
Author(s):  
M. Klinova ◽  
E. Sidorova
Keyword(s):  
European Union ◽  
Economic Recession ◽  
Economic Sanctions ◽  
Current Data ◽  
The State ◽  
The European Union ◽  
The Impact ◽  
The Eu ◽  
Year 2013

The article deals with economic sanctions and their impact on the state and prospects of the neighboring partner economies - the European Union (EU) and Russia. It provides comparisons of current data with that of the year 2013 (before sanctions) to demonstrate the impact of sanctions on both sides. Despite the fact that Russia remains the EU’s key partner, it came out of the first three partners of the EU. The current economic recession is caused by different reasons, not only by sanctions. Both the EU and Russia have internal problems, which the sanctions confrontation only exacerbates. The article emphasizes the need for a speedy restoration of cooperation.

Thematic Priorities For Sustainable Development of Ukraine-Romania Cross-Border Cooperation (The Case Study of Chernivtsi Region)

2020 ◽  
pp. 205-219
Author(s):  
Valentyna Bohatyrets ◽  
Liubov Melnychuk ◽  
Yaroslav Zoriy
Keyword(s):  
Foreign Policy ◽  
Quantitative Research ◽  
Legal Framework ◽  
Cultural Development ◽  
Cross Border ◽  
Strategic Orientations ◽  
The Impact ◽  
Further Development ◽  
Cross Border Cooperation ◽  
The Eu

This paper seeks to investigate sustainable cross-border cooperation (CBC) as a distinctive model of interstate collaboration, embedded in the neighboring borderland regions of two or more countries. The focus of the research revolves around the establishment and further development of geostrategic, economic, cultural and scientific capacity of the Ukrainian-Romanian partnership as a fundamental construct in ensuring and strengthening the stability, security and cooperation in Europe. This research highlights Ukraine’s aspirations to establish, develop and diversify bilateral good-neighborly relations with Romania both regionally and internationally. The main objective is to elucidate Ukraine-Romania cross-border cooperation initiatives, inasmuch Ukraine-Romania CBC has been stirring up considerable interest in terms of its inexhaustible historical, cultural and spiritual ties. Furthermore, the similarity of the neighboring states’ strategic orientations grounds the basis for development and enhancement of Ukraine-Romania cooperation. The authors used desk research and quantitative research to conclude that Ukraine-Romania CBC has the impact not only on the EU and on Ukraine multi-vector foreign policy, but it also has the longer-term global consequences. In the light of the current reality, the idea of introducing and reinforcing the importance of Cross-Border Cooperation (CBC) sounds quite topical and relevant. This research considers a number of explanations for Ukraine-Romania Cross-Border Cooperation as a key element of the EU policy towards its neighbors. Besides, the subject of the research is considered from different perspectives in order to show the diversity and complexity of the Ukraine-Romania relations in view of the fact that sharing common borders we are presumed to find common solutions. As the research has demonstrated, the Ukraine-Romania cross border cooperation is a pivotal factor of boosting geostrategic, economic, political and cultural development for each participant country, largely depending on the neighboring countries’ cohesion and convergence. Significantly, there is an even stronger emphasis on the fact that while sharing the same borders, the countries share common interests and aspirations for economic thriving, cultural exchange, diplomatic ties and security, guaranteed by a legal framework. The findings of this study have a number of important implications for further development and enhancement of Ukraine-Romania cooperation. Accordingly, the research shows how imperative are the benefits of Romania as a strategic partner for outlining top priorities of Ukraine’s foreign policy.

TERRITORIAL COHESION POLICY IN THE CONTEXT OF EU REGIONAL SECURITY

2019 ◽  
Vol 18 (Vol 18, No 4 (2019)) ◽  
pp. 439-453
Author(s):  
Ihor LISHCHYNSKYY
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Regional Security ◽  
The European Union ◽  
Cohesion Policy ◽  
Cross Border ◽  
Territorial Cohesion ◽  
Interregional Cooperation ◽  
The Eu

The article is devoted to the study of the implementation of territorial cohesion policy in the European Union in order to achieve a secure regional coexistence. In particular, the regulatory and institutional origins of territorial cohesion policy in the EU are considered. The evolution of ontological models of cohesion policy has been outlined. Specifically, the emphasis is placed on the key objective of political geography – effectively combining the need for "territorialization" and the growing importance of networking. The role of urbanization processes in the context of cohesion policy is highlighted. Cross-border dimensions of cohesion policy in the context of interregional cooperation are explored. Particular emphasis is placed on the features of integrated sustainable development strategies.

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