scholarly journals OIL AND NATURAL GAS TRADE BALANCE AND PRODUCTION EFFECTS IN THE EUROPEAN UNION AND BLACK SEA ECONOMIC COOPERATION COUNTRIES

2017 ◽  
Vol 16 (3 (2017)) ◽  
pp. 261-283
Author(s):  
Evangelos Siskos ◽  
Konstantia Darvidou
Keyword(s):  
European Union ◽  
Natural Gas ◽  
Black Sea ◽  
Trade Balance ◽  
Value Added ◽  
Economic Cooperation ◽  
Close Link ◽  
Oil And Natural Gas ◽  
The Impact ◽  
The Eu

Most European Union and Black Sea Economic Cooperation countries are net importers of petroleum and natural gas. Searching for new deposits and construction of new pipelines can improve energy security in the region. The problem is topical for Greece which has a developed refinery industry and needs to improve its trade balance to repay the accumulated external and public debt. Several new pipeline initiatives through Greece can support relations between the EU and BSEC countries. The paper provides previous research review about energy dependency and the effects of trade, production and transportation of hydrocarbons. Next we provide analysis of the effect of the trade on balance of payments in both the EU and BSeC countries. Import dependency of GDP on oil and natural gas is especially large in Malta, Georgia, Ukraine, Serbia and Latvia. On the other hand Russia and Azerbaijan are large net exporters of hydrocarbons. Then we analyse the impact of mining on labour market and refinery industry development. On average larger value added in mining leads to larger employment at least for males and middle age group of people. But the effect largely varies across countries and time periods. Together with construction of new pipelines growth of extraction can result in dozens of thousands of new jobs in Greece. There is a close link between value added in mining and compensation of employees in that industry. We have found evidence that the clustering effect between mining and manufacture of refined petroleum products and coke exists only in some EU countries.

scholarly journals The Three Seas Initiative and its Economic and Geopolitical Effect on the European Union and Central and Eastern Europe

2019 ◽  
Vol 22 (2) ◽  
pp. 105-119 ◽  
Author(s):  
Grzegorz Zbińkowski
Keyword(s):  
European Union ◽  
Natural Gas ◽  
Crude Oil ◽  
Eastern Europe ◽  
Energy Security ◽  
Central And Eastern Europe ◽  
The European Union ◽  
Eu Countries ◽  
Oil And Natural Gas ◽  
The Eu

The objective of this paper is a presentation of results of an analysis of the Three Seas Initiative (TSI), whose participating countries (except Austria) treat it as a method of: a) reducing their dependence on crude oil and natural gas imports from Russia, thus increasing their energy security; b) accelerated filling of the persisting civilisation gap between the initiative participants and more developed EU countries owing to the improved quality and maturity of the transport and digital North‑South infrastructure; and c) the actual implementation of the “vision of a Europe whole, free and at peace.” The analysis has assumed the following research hypothesis: The CEE states’ joining the EU has not markedly changed those states’ development, as material differences do still exist in this respect between the new EU states and the old ones, which was verified positively.

scholarly journals The Analysis of Natural Gas and Crude Oil Market from the Global and EU Perspective

2012 ◽  
Vol 5 (18) ◽  
pp. 282-296
Author(s):  
Saleh Mothana Obadi ◽  
Matej Korček
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Supply And Demand ◽  
Oil Market ◽  
Natural Gas Development ◽  
Oil And Natural Gas ◽  
Gas Market ◽  
The One ◽  
The Impact ◽  
The Eu

Abstract This paper deals with the development of the crude oil and natural gas market in the world and especially in the EU. The analysis of the mentioned energy commodities are based on time serious statistical data and legislative documents and treaties adjusting the energy market. In this paper we analyze how the natural gas and crude oil as the two energy sources that are on the one hand most important in the energy mix and on the other hand least available within the very territory of EU itself therefore meaning the largest threat to the energy security of EU countries. We focus on analyzing of development of the worlds crude oil and natural gas development as the economic environment developed during last 20 year. Then we characterize what has EU done as the reaction on this development and finally we analyze the impact on EU in terms of supply and demand for natural gas and crude oil in first decade of 21st century. We found that, in 2009, the 66 % of EU natural gas imports were from four countries (Russia, Algeria, Norway and Nigeria) and the EU crude oil imports reached about 87 %.

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.

Ensuring sustainable foreign economic relations of countries at the forefront and outskirts of the European Union

2020 ◽  
Vol 16 (10) ◽  
pp. 1980-1996
Author(s):  
T.S. Malakhova
Keyword(s):  
European Union ◽  
International Organizations ◽  
Economic Cooperation ◽  
Structure Model ◽  
Methodological Framework ◽  
The European Union ◽  
Early 21St Century ◽  
Economic Relations ◽  
Economic Bloc ◽  
The Eu

Subject. Foreign economic and trade ties among countries are getting tighter and less predictable in the early 21st century. This directly stems from a growing disparity of partners, especially if it goes about their future cooperation as part of integration groups or international organizations. Communities of experts suggest using various approaches to locally adjusting integration phases, especially implementing the two-speed integration in the European Union. Objectives. The study is an attempt to examine an improvement of foreign economic cooperation and suggest its implementation steps for the European Union. This all is due to considerable inner controversies and problems within the EU, which grow more serious year by year. Methods. The methodological framework comprises the historical logic, dialectical principles, scientific abstraction method. The process and system approach was especially important for justifying the implementation of the above steps. It was used to examine foreign economic relations of partners in the European Union. Results. The article sets forth the theoretical and methodological framework for the geostrategic economic bloc, including a conceptual structure model. I present steps to implement a foreign economic cooperation of partners in the EU in terms of its form. Conclusions and Relevance. Should the form of the foreign economic relations among the EU countries be implemented, counties at the periphery of the EU will be able to become active parties to the integration group.

scholarly journals A Cross-Country Measurement of the EU Bioeconomy: An Input–Output Approach

2021 ◽  
Vol 13 (6) ◽  
pp. 3033
Author(s):  
Kutay Cingiz ◽  
Hugo Gonzalez-Hermoso ◽  
Wim Heijman ◽  
Justus H. H. Wesseler
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Union Member ◽  
National Income ◽  
Value Added ◽  
Input Output ◽  
Income Share ◽  
Cross Country ◽  
European Union Member States ◽  
The Eu

This paper measures the development of the national income share of the bioeconomy for 28 European Union Member States (MS) and 16 industries of BioMonitor scope from 2005 to 2015. The paper proposes a model which includes the up- and downstream linkages using Input-Output tables. The results show that for the majority of the MS the value added of the up- and downstream sector is at the band of 40%–50% of the total bioeconomy value added and has on average increased since the financial crisis.

Comparison Between Two-Shaft Simple and Single-Shaft Recuperated Brayton Cycles Using Different Types of Gaseous Fuels

2010 ◽  
Author(s):  
A. K. Malkogianni ◽  
A. Tourlidakis ◽  
A. L. Polyzakis
Keyword(s):  
Natural Gas ◽  
Gas Turbines ◽  
Alternative Fuels ◽  
High Efficiency ◽  
Heating Value ◽  
Gaseous Fuels ◽  
Oil And Natural Gas ◽  
Parametric Studies ◽  
The Impact ◽  
Lower Heating

Geopolitical issues give rise to problems in the smooth and continuous flow of oil and natural gas from the production countries to the consumers’ development countries. In addition, severe environmental issues such as greenhouse gas emissions, eventually guide the consumers to fuels more suitable to the present situation. Alternative fuels such as biogas and coal gas have recently become more attractive because of their benefits, especially for electricity generation. On the other hand, the use of relatively low heating value fuels has a significant effect to the performance parameters of gas turbines. In this paper, the impact of using four fuels with different heating value in the gas turbine performance is simulated. Based on the high efficiency and commercialization criteria, two types of engines are chosen to be simulated: two-shaft simple and single-shaft recuperated cycle gas turbines. The heating values of the four gases investigated, correspond to natural gas and to a series of three gases with gradually lower heating values than that of natural gas. The main conclusions drawn from this design point (DP) and off-design (OD) analysis is that, for a given TET, efficiency increases for both engines when gases with low heating value are used. On the contrary, when power output is kept constant, the use of gases with low heating value will result in a decrease of thermal efficiency. A number of parametric studies are carried out and the effect of operating parameters on performance is assessed. The analysis is performed with customized software, which has been developed for this purpose.

scholarly journals European myriad of approaches to parasitic commercial practices

2017 ◽  
Vol 8 (2) ◽  
pp. 167 ◽  
Author(s):  
Radka MacGregor Pelikánová
Keyword(s):  
Quantitative Research ◽  
Meta Analysis ◽  
Value Added ◽  
Unfair Competition ◽  
Member States ◽  
Secondary Sources ◽  
Eu Member States ◽  
Unfair Commercial Practices Directive ◽  
The Impact ◽  
The Eu

Research background: The Post-Lisbon EU aims at smart, sustainable, and inclusive growth on the single internal market, as indicated by the Europe 2020. The interplay of the competition and consumer protection on such a market is subject to harmonization. The Unfair Commercial Practices Directive has been made in order to achieve a full harmonization in this respect in 2007. However, EU member states share different social, political, legal and economic traditions and their approaches to unfair competition, in particular if committed via parasitic commercial practices, are dramatically diverse. In such a context, is it feasible, effective and efficient to install a full harmonization?Purpose of the article: The primary purpose of this article is to describe and assess ap-proaches to unfair competition, in particular if committed via parasitic commercial practices, by the EU law and EU member states law. The secondary purpose is to study and evaluate possibilities for the feasible, effective and efficient harmonization, or their lack. Methods: The cross-disciplinary and multi-jurisdictional nature of this article, and its dual purposes, implies the use of Meta-Analysis, of the critical comparison of laws and the impact of their application, to the holistic perception of historical and national contexts, and to case studies. The primary and secondary sources are explored and the yield knowledge and data are confronted with the status quo. The dominating qualitative research and data are complemented by the quantitative research and data.Findings & Value added: The EU opted for an ambitious challenge to install via the Unfair Commercial Practices Directive a full harmonization of the regime against unfair commercial practices, including parasitic ones. The exploration pursuant to the duo of purposes suggests that the challenge is perhaps too ambitious and that the EU underestimated the dramatic diversity of approaches to unfair commercial practices, especially parasitic ones.

scholarly journals Can the implementation of the Europe 2020 Strategy goals be efficient? The challenge for achieving social equality in the European Union

Equilibrium ◽  
2017 ◽  
Vol 12 (3) ◽  
Author(s):  
Michaela Stanickova
Keyword(s):  
European Union ◽  
Income Inequality ◽  
Labour Market ◽  
Social Inequality ◽  
The European Union ◽  
Social Equality ◽  
Europe 2020 ◽  
Europe 2020 Strategy ◽  
The Impact ◽  
The Eu

Research background: Economic crisis hit all the European Union Member States hard, with the impact of crisis varying considerably. The low growth performance in the EU has increased concerns regarding an increasing wage dispersion, income inequality at large, and social exclusion in line with poverty. Inequality should be seen as a cornerstone of both sustainable and inclusive growth under the Europe 2020 Strategy. Social inequality in the EU is a real problem, which hampers sustainable economic growth. Purpose of the article: The purpose of this study is to introduce evaluation of social development convergence and divergence trends between the EU Member States in the context of the Europe 2020 Strategy. The study gives an outline of the issues of the labour market and income disparities and poverty. Policymakers must be clear about what social objectives they are aiming to achieve, therefore special attention is paid to headline national goals of the Europe 2020 Strategy. Methods: The main task of this study is to assess social dimension and inequalities problems in the EU27 by applying Data Envelopment Analysis method, resp. time-series dynamic efficiency analysis in the form of output-oriented Malmquist Productivity Index. This study contains changes of key social equality indicators related to the Europe 2020 Strategy and compares objectives and general outlines of period 2010-2015, as well as the impact on national economics and living conditions. Findings & value added: Results contain elements of typology premises of the EU28 and point to a large diversity in inequality patterns, as the Author observes both increases and decreases in inequality at the EU level. Recent changes in social inequality have been associated with the business cycle, particularly with the accessibility of the labour market and, of course, with income inequality. Additionally, the development challenges are discussed for improvement of the socioeconomic well-being of the EU and to avoid social disparities.

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