Download or read book The European Gas Markets written by Manfred Hafner and published by Springer. This book was released on 2017-08-16 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores in detail the challenges which the European gas markets currently face, and the opportunities they present. Bringing together some of the most prominent gas experts on Europe from both academia and industry, this edited volume provides a comprehensive analysis of the various economic, political and technological factors that interact in this sector. Featuring a Foreword by Maroš Šefčovič, Vice-President of the European Commission in charge of the Energy Union, contributions explore a wide range of issues, such as the role of gas in decarbonizing Europe, the outlook of Europe’s gas demand, supply and pricing, and global LNG dynamics. Country specific studies include Russia, Norway, the Netherlands, and Germany, with regional studies including North Africa and the Eastern Mediterranean. Alongside detailed analysis of this complex sector it also puts forward a set of policy recommendations for the sector’s key stakeholders. This volume will be of interest to researchers and academics, as well as practitioners and professionals within European gas markets.

Download or read book The Globalization of Natural Gas Markets written by Manfred Hafner and published by Edward Elgar Publishing. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decades, the European gas industry has experienced extraordinary success. A strongly interconnected network of gas pipelines has been developed inside and around Europe, and the liquefied natural gas (LNG) trade has also expanded rapidly. However, the European gas industry is now facing a number of new challenges and opportunities, related to both its demand and supply sides. On the demand side, the ambitious EU de-carbonization targets have led to an unprecedented uncertainty of the EU future gas demand. In fact, the implementation of a climate-based energy policy in Europe challenges the role of natural gas in the long-term European energy mix. Also, natural gas could play an important and cost effective role in the transition towards a low carbon economy. On the supply side, new natural gas supplies are emerging around the world, mainly because of an increase in the global LNG supply and the shale gas revolution in the US. This unprecedented shift in the supply/demand balance is creating new dynamics also in the European gas industry, regarding both the EU security of gas supply architecture and the EU gas pricing mechanism. This book provides a comprehensive analysis of all these challenges and opportunities affecting the European gas industry, providing a clear snapshot of a market characterized by growing uncertainty and volatility. (Series: European Energy Studies - Vol. 6)

Download or read book Energy Security and Natural Gas Markets in Europe written by Tim Boersma and published by Routledge. This book was released on 2015-08-27 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moving beyond most conventional thinking about energy security in Europe which revolves around stability of supplies and the reliability of suppliers, this book presents the history of European policy-making regarding energy resources, including recent controversies about shale gas and fracking. Using the United States as a benchmark, the author tests the hypothesis that EU energy security is at risk primarily because of a lack of market integration and cooperation between member states. This lack of integration still prohibits natural gas to flow freely throughout the continent, which makes parts of Europe vulnerable in case of supply disruptions. The book demonstrates that the EU gas market has been developing at different speeds, leaving the Northwest of the continent reasonably well integrated, with sufficient trade and liquidity and different supplies, whereas other parts are less developed. In these parts of Europe there is a structural lack of investments in infrastructure, interconnectors, reverse flow options and storage facilities. Thus, even though substantial progress has been made in parts of the EU, single source dependency often prevails, leaving the relevant member states vulnerable to market power abuse. Detailed comparisons are made of the situations in the Netherlands and Poland, and of energy policy in the USA. The book dismantles some of the existing assumptions about the concept of energy security, and touches upon the level of rhetoric that features in most energy security and policy debates in Europe.

Download or read book History of the European Oil and Gas Industry written by J. Craig and published by Geological Society of London. This book was released on 2018 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history of the European oil and gas industry reflects local as well as global political events, economic constraints and the personal endeavours of individual petroleum geoscientists as much as it does the development of technologies and the underlying geology of the region. The first commercial oil wells in Europe were drilled in Poland in 1853, Romania in 1857, Germany in 1859 and Italy in 1860. The 23 papers in this volume focus on the history and heritage of the oil and gas industry in the key European oil-producing countries from the earliest onshore drilling to its development into the modern industry that we know today. The contributors chronicle the main events and some of the major players that shaped the industry in Europe. The volume also marks several important anniversaries, including 150 years of oil exploration in Poland and Romania, the centenary of the drilling of the first oil well in the UK and 50 years of oil production from onshore Spain.

Download or read book The Evolution of Electricity Markets in Europe written by Leonardo Meeus and published by Edward Elgar Publishing. This book was released on 2020-11-27 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.

Download or read book The Economics of Natural Gas Storage written by Anna Cretì and published by Springer Science & Business Media. This book was released on 2009-04-05 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: I remember that the idea of this book emerged ?rst in Toulouse, during the Third Conference on Energy Markets – 3 years ago now. Anna Cret` ? gave a talk on a model dealing with seasonal gas storage in the USA, and Christian Von Hirschausen was her discussant. Both of them were devoting their efforts to understand the natural gas market in Europe and the relevant liberalization process. I found their interest in storage rather original, so I encouraged Anna to collect the most original cont- butions on this topic. Back in Milan with this idea in mind, she organized a working group at IEFE- Bocconi University, where she works. Then, during the following year, she - changed ideas and organized several meetings with the book’s contributors. She regularly invited the most important Italian gas sector representatives to these me- ings, to make sure that the economic models were well suited to tackle the issues at stake in the European gas industry.

Download or read book European Union Policy Making written by Nicole Herweg and published by Springer. This book was released on 2017-02-23 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book furthers the ongoing theoretical development of the multiple streams framework, assessing its applicability to European Union (EU) policy-making processes. It systematically defines and identifies functional equivalents for all of the framework’s core concepts at the EU level and extends the framework in order to explain agenda-setting and decision-making. Furthermore, the book derives a set of explicit hypotheses to empirically assess the extent to which the (modified) framework is able to explain timing, agenda prominence, and policy change (or a lack thereof) for the EU natural gas directives passed in 1998, 2003, and 2009. The analysis documents that the framework is well-suited to explain the EU policy process in general and reveals where additional theoretical refinements are required.

Download or read book The Natural Gas Market written by Paul W. MacAvoy and published by Yale University Press. This book was released on 2008-10-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: divOver the past six decades federal regulatory agencies have attempted different strategies to regulate the natural gas industry in the United States. All have been unsuccessful, resulting in nationwide gas shortages or massive gas surpluses and costing the nation scores of billions of dollars. In addition, partial deregulation has led the regulatory agency to become more involved in controlling individual transactions among gas producers, distributors, and consumers. In this important book, Paul MacAvoy demonstrates that no affected group has gained from these experiments in public control and that all participants would gain from complete deregulation. Although losses have declined with partial deregulation in recent years, current regulatory practices still limit the growth of supply through the transmission system. MacAvoy’s history of the regulation of natural gas is a cautionary tale for other natural resource or network industries that are regulated or are about to be regulated. /DIV

Download or read book Competition in Energy Markets written by Peter D. Cameron and published by Oxford University Press, USA. This book was released on 2002 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years have seen a major growth in the European law concerning the operation of the energy industry, especially with respect to electricity and gas. Several directives have been adopted that are aimed at the promotion of competition in this key sector of the European economy. At thesame time, the jurisprudence of the European Court had developed further on matters such as access to networks, import and export monopolies and security of supply.In this book the authors examine the principal legislation, Treaty provisions and decisions of the Court of Justice and Court of First Instance of the EU as they related to the promotion of competition in European energy markets. In particular, two chapters are devoted to a detailed analysis of theprovisions of the two directives that set out common rules for the creation of an internal market in the electricity and gas sectors. In each case, the analysis is set in the context of the various programmes of energy market liberalization and privatization in the Member States, which aresummarized in this book. However, the authors also take the wider pan-European context into account, explaining the requirements and the implications of the European Economic Area Agreement, the Energy Charter Treaty and the Europe Agreements with countries of Central and Eastern Europe.The approach adopted by the authors is both analytical and historical. They locate the legislation in the context of the EU Internal Market programme that began in the late 1980s and explain the roles played by the various parties (energy industries, consumers and EU institutions) in shaping thefinal legislation. Importantly, they explain how the framework character of the energy directives has led to further important rule-making in the implementation of the directives across the EU. They conclude that a co-ordinated response between the European Commission and the national regulatorswill be essential to resolve problems arising in the transition to a competitive energy market in the EU.

Download or read book Energy Relations in the Euro Mediterranean written by Simone Tagliapietra and published by Springer. This book was released on 2016-12-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the current status and future prospects of energy relationships in the Euro-Mediterranean region. By adopting a political economy perspective, this book provides insight into regional cooperation in the fields of natural gas and renewable energy. The author posits that regional energy relations have yet to be examined through a comprehensive analytical framework in order to realistically assess the potential role of energy in acting as a catalyst for greater economic and political cooperation in the region. To do so, the author provides a detailed analysis of the region’s energy relations and pertinent case studies. Chapters illustrate the political and economic drivers underpinning the region’s energy dynamics, providing the reader with a wide-ranging overview of the Euro-Mediterranean energy relations of today and tomorrow.

Download or read book Changes in European Energy Markets written by Felicetta Iovino and published by Emerald Group Publishing. This book was released on 2020-01-03 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes Italy as a case study, focusing on the financial performance of retail energy firms between 2008 and 2017, to provide an up-to-date and critical analysis of this sizeable shift that has taken place within the European energy sector.

Download or read book Natural Gas A Commercial Perspective written by Andrej Pustišek and published by Springer. This book was released on 2017-03-21 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses and explains the economics of each stage of the natural gas value chain, including the economic impact of restrictions, rules and decisions that are ostensibly technical in nature, as well as commercially relevant contractual stipulations. Each chapter features several real-world examples illustrating the essential points. Natural gas is broadly considered the (leading) conventional source of primary energy. Complementing renewable energies’ utilization and offering a highly flexible yet relatively clean fuel, the worldwide natural gas markets are expected to grow. Despite the fact that Europe – where a degree of stagnation in natural gas consumption is being observed and is expected to continue – is not following this trend, international natural gas markets are becoming increasingly interdependent. Therefore, any analysis and discussion of natural gas markets at each level has to have an international rather than national focus.

Download or read book The New Geopolitics of Natural Gas written by Agnia Grigas and published by . This book was released on 2017 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cover -- Title page -- Copyright -- Dedication -- Contents -- Introduction: A New Era of Gas -- 1. The Changing Global Gas Sector -- 2. The Politics and Commerce of American LNG Exports -- 3. The Politics of Supply: Russiaand Gazprom -- 4. The Politics of Dependence Transformed: Europe -- 5. The Politics of Transit: Ukraine and Belarus -- 6. The Politics of Isolated Suppliers: The Caucasus and Central Asia -- 7. The Politics of Demand: China and Beyond -- Conclusion -- Notes -- Acknowledgments -- Index

Download or read book The New Politics of Energy Security in the European Union and Beyond written by Andrea Prontera and published by Taylor & Francis. This book was released on 2017-05-18 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combining theoretical reflections and empirical insights from paradigmatic case studies in the area of external energy governance, pipeline politics, Liquefied Natural Gas development and offshore petroleum policy and politics, this ground-breaking study demonstrates that a distinctive and new politics of energy security is definitively emerging in the European Union. Innovative not only in regard to the case studies presented (which include the Caspian region, the Baltic, Mediterrean countries, Central Asia and EU-Russia relations), but also in regard to the analytical framework adopted – an International Political Economy approach informed by an historical institutional perspective – the book challenges the common view of the ‘de-politicisation’ of energy security supported by the mainstream market approach and the power politics and ‘zero-sum game’ view supported by the geopolitical perspective. This book places the study of EU energy politics in the broader, evolving context of global energy markets and explores the complex interactions between EU and national political dynamics and between energy security and environmental concerns at the local level.

Download or read book Liberalizing European Energy Markets written by Finn Roar Aune and published by Edward Elgar Publishing. This book was released on 2008 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an economic analysis of the main effects of liberalizing the electricity and natural gas markets across Western Europe. It is based on a state-of-the art detailed numerical simulation model that takes account of the interlinkages between different energy markets. Short-run and long-run effects are identified and the robustness of results is tested. Separate chapters discuss climate policy, renewable energy and the role of Russia. A key finding is that liberalization lowers energy prices and increases consumption, particularly in the electricity markets where prices fall by 25 per cent on average in the short run. Effects are somewhat stronger in the long run, as investment options are utilized. The welfare benefits of liberalization are considerable in the long run. However, liberalization increases emissions of CO2. The welfare costs of fulfilling Western Europe's Kyoto obligations depend highly on the policies implemented, but are at least as large as the benefits of liberalization.

Download or read book LNG Markets in Transition written by Anne-Sophie Corbeau and published by Oxford University Press, USA. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present situation in the LNG market should be seen as a 'crossroads' for the industry. The LNG industry has not been static over the past 5 decades and has already experienced many changes, but still the model of long-term contracts prevails and the majority of LNG is still bought at oil-indexed gas prices. There have however been considerable changes: an increase in short-term trading of LNG, buyer contractual flexibility and FOB contracts which have lead to around a quarter of the LNG is being traded under spot and short-term contracts, with aggregators play a far more significant role. All these factors have influenced project business structures. The industry has now embarked on a period of further change, with 180 bcm of new LNG export capacity (equivalent to more than 50% of LNG trade in 2014) under construction at a time when the assumed rapid LNG demand growth in Asia appears to be slowing. The absorption of this new supply will affect, not only trade-flow patterns, but also pricing dynamics, competition with other gas supply channels and (in the power sector) potentially other fuels. Key to this change is US LNG, with buyers becoming more selective about the price and delivery terms they are ready to accept. Sellers however are facing high costs and are reluctant to abandon a business model in which they have confidence. Oil indexation is under further attack with US LNG selling at HH indexed prices (plus costs), and other sellers and buyers have been pressured to adopt different pricing policies and secure more contractual flexibility. This volume examines the development of the LNG business over the past 50 years and examines how the industry will change over the coming 15 years, faced by unprecedented challenges to its historic business model.

Download or read book Natural Gas Markets in India written by Sanjay Kumar Kar and published by Springer. This book was released on 2017-03-21 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shares the latest market developments and advances in natural gas demand, supply, transmission, distribution, and consumption, with a special emphasis on the Indian context. Chapters are written by researchers and industry professionals working in the field of natural gas and energy to provide deeper insights into natural gas market structure, market development, business opportunities and market growth. Topics covered include, natural gas demand-supply, exploration and production policy, downstream regulatory developments, city gas distribution, pipeline, pricing, and taxation policies impacting natural gas market developments in India. The book will be useful to researchers, professionals, and policy makers working in the area of natural gas and related fields.