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  1. South East Europe gas markets
    reconfiguring supply flows and replacing Russian gas
    Published: December 2022
    Publisher:  The Oxford Institute for Energy Studies, [Oxford]

    For many years Russian domination of SE Europe’s gas imports meant it was regarded as “Russia’s market”. In the last 3 years, however, much new infrastructure has been commissioned, which has enabled the region to diversify its import mix and... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 780
    No inter-library loan

     

    For many years Russian domination of SE Europe’s gas imports meant it was regarded as “Russia’s market”. In the last 3 years, however, much new infrastructure has been commissioned, which has enabled the region to diversify its import mix and significantly change its gas flow patterns. TAP brings in Azeri pipeline gas, start-up of Croatia LNG and higher utilisation of Greece’s Revithoussa has brought more LNG to the region, and opening of the Greece-Bulgaria interconnector has improved onward gas distribution. Turk Stream start-up has also opened potential opportunity for the now empty Trans Balkan pipeline system to be utilised for different gas flows. The purpose of this paper is to describe these infrastructure developments and consequent changes to gas supply flow patterns, and to assess what further change there might be as other planned infrastructure projects are completed over the next 5 years. There is also the Black Sea upstream, with Romania’s Neptun deep awaiting FID and Turkey’s Sakarya field about to produce its first gas in 2023, both of which can add new gas to the supply picture. The central question is whether, as a result of these investments, the region can have a non-Russian gas supply future. The conclusion is that sufficient capacity is almost in place to import and distribute enough alternative volume to replace the Russian imports – assuming of course that this other supply is available and at an acceptable price. There are other emerging possibilities also: there will be pricing and hub evolution implications from the greater interconnectivity and supply diversity; Greece can emerge as the LNG gateway for the region; a stronger sense of region should position it better for the net zero campaign, where the first priority must be the removal of lignite from SE Europe’s energy mix.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781784672126
    Other identifier:
    hdl: 10419/270529
    Series: Array ; 177
    Subjects: Croatia LNG; Greece LNG; Greece-Bulgaria (ICGB) interconnector; LNG; Romania upstream; Russia; SE Europe gas supply; TAP; Turk Stream; Turkey upstream
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  2. A new global gas order?
    part 1
    Published: July 2023
    Publisher:  The Oxford Institute for Energy Studies, [Oxford]

    The energy crisis, catalysed by the Russian invasion of Ukraine, has disrupted the global gas market. This analysis out to 2030 assesses the impact of the crisis and considers whether this may lead to a fundamental change in the global gas market or... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 780
    No inter-library loan

     

    The energy crisis, catalysed by the Russian invasion of Ukraine, has disrupted the global gas market. This analysis out to 2030 assesses the impact of the crisis and considers whether this may lead to a fundamental change in the global gas market or whether it my just be a slight blip in the otherwise continued growth in gas demand and supply. In particular, will the very high gas prices in 2022 lead to a world by 2030 where gas could start losing out to coal and renewables in the energy transition? The detailed review of expected gas demand by the OIES to 2030, suggests that, in comparison to the pre-Russian invasion of Ukraine outlook, some gas demand has been permanently lost but only of the order of 5 to 6%. This is not all due to the energy crisis but in the USA also the potential impact of the Inflation Reduction Act. Global gas demand is projected to grow by 10 percent between 2021 and 2030, with the Middle East and China leading the way and generally in the power and industry sectors. The rapid growth in LNG export capacity from the middle of this decade is expected to ease the tightness of the gas market and fully replace the loss of Russian pipeline gas to Europe, helped by lower gas demand. A glut of LNG supply is possible by the end of the decade with prices falling back to $8 per MMBtu or less if we see short run pricing dynamics taking over as they did in 2019 and 2020. A number of uncertainties remain, notably the growth in gas demand in China, Europe and the ASEAN countries, but lower prices, in a supply glut may stimulate more gas demand in price sensitive sectors and regions.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781784672126
    Other identifier:
    hdl: 10419/280124
    Parent title: A new global gas order? - Show all bands
    Series: Array ; 184
    Subjects: Coal v Gas v Renewables Trilemma; Energy Crisis; Gas Prices; Gas Scenario; LNG; Russia
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen