Seasonal Flexibility in the European Natural Gas Market

Seasonal Flexibility in the European Natural Gas Market PDF Author: Iegor Riepin
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description

Seasonal Flexibility in the European Natural Gas Market

Seasonal Flexibility in the European Natural Gas Market PDF Author: Iegor Riepin
Publisher:
ISBN:
Category :
Languages : en
Pages :

Get Book Here

Book Description


Seasonal Flexibility in the European Natural Gas Market

Seasonal Flexibility in the European Natural Gas Market PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Building Competitive Gas Markets in the EU

Building Competitive Gas Markets in the EU PDF Author: Jean-Michel Glachant
Publisher: Edward Elgar Publishing
ISBN: 1782540644
Category : Business & Economics
Languages : en
Pages : 293

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Book Description
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.

Seasonal Flexibility in the Nortwest European Gas Market

Seasonal Flexibility in the Nortwest European Gas Market PDF Author: Deborah Sherwood
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The Economics of Natural Gas Storage

The Economics of Natural Gas Storage PDF Author: Anna Cretì
Publisher: Springer Science & Business Media
ISBN: 3540794077
Category : Business & Economics
Languages : en
Pages : 123

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Book Description
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.

Flexibility in Natural Gas

Flexibility in Natural Gas PDF Author: Sylvie Cornot-Gandolphe
Publisher: OECD, International Energy Agency
ISBN:
Category : Business & Economics
Languages : en
Pages : 284

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Book Description
Flexibility is needed to cover seasonal swings and variations in gas demand, as well as to maintain short-term supply security in the case of a disruption of a supply source. In order to balance supply and demand, gas companies have devised a variety of flexibility tools such as supply swing, storage and interruptible contracts. This book analyses how new flexibility tools and mechanisms are developing with market liberalisation, and considers the differences in flexibility requirements and provisions among IEA member countries.

The European Gas Markets

The European Gas Markets PDF Author: Manfred Hafner
Publisher: Springer
ISBN: 3319558013
Category : Business & Economics
Languages : en
Pages : 437

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Book Description
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.

European Gas Demand, Supply and Pricing

European Gas Demand, Supply and Pricing PDF Author: Anouk Honoré
Publisher: Oxford Institute for Energy Studies
ISBN: 9780199226535
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Since the late 1990s, the European gas markets have been experiencing significant and rapid changes, which have led to considerable uncertainties about future gas consumption and supply requirements. This book analyses the recent trends and expectations on demand, supply, and pricing of the regional gas industry, focusing on the period up to 2020. The first version was being finalised when the great recession hit Europe in 2008. It was finally completed by spring 2010, at a time when the economic crisis was still raising further uncertainties. Although it was too early to fully understand the impacts of the crisis on the gas (and power) industry, a fundamental rethink has been done and preliminary conclusions were included in the text about future gas demand trajectories, supply cycles and price formation, based on the events we witnessed in late 2008, 2009 and early 2010. -- Back cover.

Demand for Storage of Natural Gas in Northwestern Europe

Demand for Storage of Natural Gas in Northwestern Europe PDF Author: Felix Höffler
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The seasonal demand for natural gas requires supply flexibility. This "swing" is now largely provided in northwestern Europe by indigenous production. Declining reserves will increase the dependency on imports from far-off sources, which are less flexible. Hence, flexibility must be provided by additional storage. We estimate that in 2030 between 10 (with no strategic storage) and 29 (with 10 per cent strategic storage for imports from non-EU countries) billion cubic meter of working gas volume will be required, in addition to the existing 40 billion cubic meters. This estimation is based on production and consumption forecasts for natural gas and observations of the relationship between the supply and demand of gas and the supply and demand of flexibility in the period 1995-2005. We provide different scenarios to check for the robustness of our results. We discuss the impact of third-party access to storage facilities on incentives to close the storage gap, as well as policy implications of strategic storage obligations.

Regulatory Reform

Regulatory Reform PDF Author: Jochen Hierl
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 144

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Book Description
The countries of Continental Europe have started the process of reforming their natural gas markets. This book sets the context for, and considers the issues raised by, these reforms. It also analyses the key elements of effective reform, such as third party access to the gas infrastructure. Unlike earlier reformers, Europe faces important challenges of growing import dependency and reliance on a few large producer countries, against a background of strong demand growth. It is vital that both short and long term security of supply are sustained in the new market conditions. At the same time a key objective of reform is to improve economic efficiency through competition and short term trade, in order to reduce prices for natural gas consumers. The book argues that security and competition are not incompatible, and that security can be enhanced by competition provided that reform is handled with care. As Europe implements the EU Gas Directive, this book is a timely review for energy policy makers and others involved in the reform process. It is the latest in a series of IEA publications on energy market reforms.