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Brent crude price displayed an unstoppable fall from July 2014, which was still ongoing in January 2015. The cause of the price drop was fundamental supply and demand: shale oil producers in North America produced an oversupply in oil, which was matched ...

The construction of the long-awaited Slovak-Hungarian gas interconnector pipeline is now completed. Although there are still technical issues to resolve, they cannot be blamed for why the commercial operation has not commenced yet. In January 2015, once ...

Shortly after the sudden cancellation of South Stream, Gazprom CEO Alexey Miller announced it would be replaced by a pipeline of the same capacity (63 bcm) delivered to Turkey across the Black Sea (13 bcm to the Turkish market replacing the trans-Balkan ...

REKK was commissioned by the European Commission to analyse 21 projects of the CESEC region, with the aim to define a limited number of key projects that bring the overall larges benefit to the region by contributing to security of supply and ...

The aim of the project was to analyse the vulnerability of the European system to supply shocks. In our paper we evaluate the impact of the evolving market structure on the security of natural gas supply with a special focus on resilience to a supply ...

In our short piece, we evaluate the potential flexibility of the European gas infrastructure. First, we will first give a bird’s eye view on the total available flexibility measures. This simple review gives us the possibility to narrow down the scope of ...

This fact-finding paper seeks to identify recent trends in natural gas use and import dependencies in twelve rather vulnerable EU Member States and to analyse the potential to reduce insecurity of external gas supplies of these countries in the short and ...

There are two contradictory trends unfolding in the European gas market; the process of unbundling and market liberalization towards harmonized competitive pricing against the countercurrent of decreasing local production and greater import dependency.

This fact-finding paper seeks to identify recent trends in natural gas use and import dependencies in twelve rather vulnerable EU Member States and to analyse the potential to reduce insecurity of external gas supplies of these countries in the short and ...

The aim of the course is to provide a thorough introduction of reorganizing of the gas markets, the important elements of the market supply chain, the tendencies on the market, and the security of supply. The course concludes with a brief survey of the ...