Tag / natural gas markets

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Future of Russian gas deliveries to Austria – REKK gas market modellingAnalysis

In this analysis we evaluate the effect of removing the Russian long-term contracted gas volumes from the Austrian market. The study investigated (i) the effects of OMV gas contract stop from 2025 January, (ii) a potential full Ukrainian transit stop ...

Daily gas demand in Europe: how much does temperature matter?Research paper

Building-heating related use of natural gas is highly temperature-dependent. Majority of buildings in Europe are heated with natural gas, which has been a stable and cheap fuel for the early 2000’s. Russia’s war in Ukraine and the curtailment of Russian ...

Modelling based gas market analysis 2023/24Analysis

As part of the project, we selected a few key issues from the regulatory and market challenges of the 2023/24 gas market year, which we examined under several scenarios. The issues examined were: The EU has sanctioned the transshipment of Russian LNG at ...

Central and Eastern Europe’s dependency on Russian gas: What changed between 2004 and 2019?KülgazdaságResearch paper

The Eastern enlargements of the EU increased the bloc’s dependency on Russian gas and contributed to a more cautious attitude towards these supplies. This paper assesses the Russian gas dependency of the 11 Central and East European new member states ...

The Economic and Energy Security Implications of the Russian Energy WeaponEnergy, 2024Research paper

The Russian–Ukrainian war of 2022 sent shockwaves through the global economy and disrupted energy markets on an unprecedented scale. The conflict not only caused extensive devastation in Ukraine but also triggered a commodity supply shock in various ...

Gas market trends in 202315:00 - 17:00Event

In our annual gas market conference, we discussed with our invited guests what lessons we can learn from the 2023 gas year for the Hungarian gas market and what short and long-term targets we can set ourselves based on these lessons. Further information ...

Developing a methodology for social cost-benefit analysis for the evaluation of projects for price regulation purposesAnalysis

The study was prepared in support of the Hungarian Energy and Public Utility Regulatory Authority's objective to develop a social cost-benefit analysis methodology for the evaluation of future projects for price regulation purposes and for the ...

Providing support for the regulatory authority of Moldova in tariff setting for natural gas transmissionAnalysis

As a follow-up of our past cooperation REKK supported the regulatory authority of Moldova with the implementation of the new natural gas transmission tariff calculation methodology, that is in line with the Tariff Network Code (TAR NC). It applies ...

V4 in the times of unprecedented challenges and changes on the gas marketResearch paper

Russia's war against Ukraine and the ensuing state of de facto energy war between Russia and the West have had unprecedented consequences for European and global energy markets including, above all, the natural gas market. On the one hand, it reinforces ...

Russian gas phaseout in HungaryAnalysis

The aim of the study is to examine how the share of natural gas in Hungary's total energy supply with a 34. 1% share (2019, Hungarian energy balance) can be mitigated in the short term (by 2023/24) and in the long term (by 2030). Reducing consumption with ...