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Author : Jonathan P. Stern,Howard V. Rogers,Oxford Institute for Energy Studies
Publisher : Unknown
Page : 41 pages
File Size : 55,8 Mb
Release : 2011
Category : Gas industry
ISBN : 1907555226
Author : Jonathan Stern
Publisher : Unknown
Page : 0 pages
File Size : 54,7 Mb
Release : 2022
Category : Electronic
ISBN : OCLC:1373350150
Author : Sergei Komlev
Publisher : Anthem Press
Page : 160 pages
File Size : 55,8 Mb
Release : 2020-09-25
Category : Business & Economics
ISBN : 9781785273391
Natural gas pricing should be as critically important to the general public as it is to industry specialists. Pricing is the basis of balancing the interests of European and Asian consumers of power and electricity with those of the limited number of potential suppliers of natural gas. Given that natural gas is a foundational transition fuel source that will not be supplanted by renewals for many, many years, the consequences of market failure from incorrect pricing mechanisms could result in the industry missing the new investment cycle. In addressing the critical balancing role of natural gas pricing, ‘Foundations of Natural Gas Price Formation’ presents an in-depth analysis of the fundamentals of natural gas price formation and outlines the distinctive characteristics of natural gas that make it a unique commodity by examining the specific factors underpinning gas pricing that result in a hybrid pricing system special to natural gas. The book argues that the patrons of spot pricing through gas hubs are promoting an incorrect understanding of gas markets that will lead to market failure and to potential critical supply shortages in the near future. ‘Foundations of Natural Gas Price Formation’ defends the system of oil-indexed pricing as an accurate, market-based mechanism that has stood the test of time.
Author : Jonathan P. Stern,Oxford Institute for Energy Studies
Publisher : Unknown
Page : 24 pages
File Size : 53,5 Mb
Release : 2009
Category : Gas industry
ISBN : 1901795942
Author : Jean-Michel Glachant,Michelle Hallac,Miguel Vazquez
Publisher : Edward Elgar Publishing
Page : 293 pages
File Size : 43,9 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781782540649
This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe, which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law. The expert contributors analyse gas supply and demand patterns in the EU, showing that both have changed following the introduction of liquefied natural gas on the supply side and the growth of gas-fired power plants on the demand side. The repeated interactions between the transmission operators activity and the gas commodity markets are addressed, as is the design of commercial networks in EU markets. The contributors also question whether the relationship between commercial and physical networks, in terms of the new flexibility requirements of users, actually works. By way of conclusion, two proposals for the EU gas target model are presented, both of which tackle the fundamental issues raised in this book, as well as the organization of short-term transactions and the mechanisms for investment in vital new long-life infrastructure needed to integrate EU markets. This volume will be of great interest to practitioners, as well as academics, researchers and students in the fields of energy economics and industrial economics. Both European and non-European energy companies and regulatory authorities looking for an independent and analytical overview of European gas markets will also find this book to be a highly valuable resource.
Author : Jonathan Stern
Publisher : Oxford Institute for Energy Studies
Page : 0 pages
File Size : 48,6 Mb
Release : 2012-11-08
Category : Business & Economics
ISBN : 0199661065
A volume on the pricing of gas in international trade. Gas accounts for around 25% of global energy demand and international gas trade is growing rapidly. The book covers the development of international gas pricing in all regions of the world where gas is traded, and considers whether gas could become a global market.
Author : Sandu-Daniel Kopp
Publisher : Springer
Page : 312 pages
File Size : 44,8 Mb
Release : 2015-01-30
Category : Business & Economics
ISBN : 9783658083243
Sandu-Daniel Kopp investigates whether carbon reduction targets are compatible with market-driven competition in gas (and power) industries, and whether security of supply is compatible with competitive markets. He examines the policy trade-offs which need to be made between the three different elements, and whether these policy judgements should be economically or politically based. The analysis shows the need for a complex set of politically determined options to protect (competitive) markets from price risks and emergency events and demonstrates that this has thus far failed the policy test. Overall, the author argues that the three major elements of EU energy policy are incompatible in important respects and thereby challenges much of the conventional wisdom of EU and Member State policies of the past decade.
Author : Joshua Posaner
Publisher : Springer Nature
Page : 269 pages
File Size : 41,9 Mb
Release : 2019-08-22
Category : Political Science
ISBN : 9783658275181
Gas makes or breaks economies, as shown by the effects of the 2009 Ukraine/Russia gas supply crisis. Joshua Posaner looks at four case study countries in Central and Eastern Europe. He examines the interdependence between the domestic political structure of a gas import-dependent country and the price it paid for imports up to 2014, using the level of reliance on the dominant supplier as an indicator. The more dependent a country is on a single supplier, the more it pays for its supplies. The author aims to explain why capitals prioritize energy security and balance their import portfolios differently, while taking a new angle on the European gas system. He offers a timely investigation into an oft-reported subject, with Russia’s perceived “energy weapon” and themes of “energy dependence” weighing heavily on European political discourse.
Author : Kim Talus
Publisher : Edward Elgar Publishing
Page : 698 pages
File Size : 53,8 Mb
Release : 2014-04-25
Category : Law
ISBN : 9781781002209
International energy law is an elusive but important concept. There is no body of law called Šinternational energy law�, nor is there any universally accepted definition for it, yet many specialised areas of international law have a direct relationship
Author : Manfred Hafner,Simone Tagliapietra
Publisher : Springer
Page : 419 pages
File Size : 46,9 Mb
Release : 2017-08-16
Category : Business & Economics
ISBN : 9783319558011
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.
Author : C. Kuzemko,A. Belyi,A. Goldthau,M. Keating
Publisher : Springer
Page : 371 pages
File Size : 46,9 Mb
Release : 2012-03-02
Category : Political Science
ISBN : 9780230370944
Energy in Europe and Russia is in flux. This book presents a rich set of case studies for analyzing the complex and intertwined regional dynamics of multiple actors, levels, and policy fields in energy throughout Europe and Russia, with the aim of offering an alternative view to the prevalent geopolitical or neoliberal approaches.
Author : Simon Pirani
Publisher : Oxford Institute for Energy Studies
Page : 520 pages
File Size : 51,8 Mb
Release : 2009
Category : Business & Economics
ISBN : STANFORD:36105124199428
This book provides an overview of the gas industry and markets in the CIS. This region's strategic importance as one of the largest gas producers has largely been ignored- with the exception of Russia. The book is comprised of 10 country chapters, covering production, decision-making and regulation, domestic market reform, and trade issues.
Author : Sergei Komlev
Publisher : Demian LA
Page : 98 pages
File Size : 51,7 Mb
Release : 2016-11-01
Category : Business & Economics
ISBN : 9785990915404
Author : Pietro Ferrario
Publisher : Kluwer Law International B.V.
Page : 236 pages
File Size : 40,5 Mb
Release : 2017-04-15
Category : Law
ISBN : 9789041186164
International commercial gas sale agreements are often characterised by a duration of twenty years or more. Consequently, when unforeseen events alter market conditions the contractual equilibrium originally found by the parties is disrupted, giving rise to the necessity to renegotiate and adapt the agreement. If negotiation fails, the parties in most cases submit the matter to arbitration. This comprehensive analysis of what can happen under such circumstances proceeds from an in-depth consideration of the power of arbitrators to intervene on the agreement in the light of arbitrability and procedural law. The author fully explains the complex special nature of gas pricing and contract clauses, and takes into account such features as the following, especially in the wake of the 2009 crisis as it affected the gas sector: - take or pay clauses; - mechanisms for gas price calculation; - price review and price re-opener clauses; - hardship provisions; - problems arising from the absence of a specific clause providing for adaptation/adjustment; - effect on contracts of the emergence and development of spot or traded gas markets; and - trend toward introducing spot-market elements into an oil-indexed price formula. The analysis draws on interviews with lawyers and arbitrators who have been involved in recent proceedings regarding gas sale contract adaptations, and also considers court decisions issued in setting aside or enforcing arbitration awards handed down in energy disputes. A central discussion throughout this book is the possible responses to the question of whether it is possible to determine a principle of law justifying the arbitrator’s power to intervene in contract adaptation. All professionals involved in the production, wholesaling, or distribution of gas will find this book indispensable. It will also be of special value to practitioners, policymakers, and regulators in the fields of energy law and environmental law.
Author : Agnia Grigas
Publisher : Routledge
Page : 207 pages
File Size : 46,5 Mb
Release : 2016-03-03
Category : Political Science
ISBN : 9781317020493
Since the 1990s, Baltic-Russian relations have been amongst the most contentious on the European continent. Energy security concerns, historical legacies, and the status of Russian minorities have all proved key flash points. Baltic-Russian relations have been described as a 'litmus test' of Russia's willingness to leave behind its imperialist ambitions; simultaneously the policies of Tallinn, Riga or Vilnius towards Russia can have a direct impact on EU-Russian and NATO-Russian relations. The Baltic states share similar histories and resources, and face the same geopolitical challenges. All are dependent on Russia for energy yet, as this fascinating study reveals, they have pursued very different foreign policies towards their powerful neighbour. In The Politics of Energy and Memory between the Baltic States and Russia Agnia Grigas provides an unprecedented analysis of contemporary Baltic-Russian relations and identifies the causal factors that drive the foreign policies of the Baltic states in such divergent routes. Supported by case studies on the oil and gas sectors as well as the tug of history, this book is an invaluable resource for scholars and policy makers.
