Tag / natural gas markets

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Possibilities for phasing out Russian gas for the 2022/2023 and 2023/2024 winter from the EU energy supplyAnalysis

The goal of the study was to follow up on the recent developments of the gas market both on the supply and demand market – and build them into the forward-looking analysis for the 2022/2023 gas year and for the 2023/2024 gas year. Based on the results of ...

Market Monitoring in UkraineAnalysis

REKK, together with Potomac Economics completed a Market Monitoring manual for the electricity market of Ukraine, and a Market Monitoring report for the gas markets of Ukraine. This Wholesale Market Monitoring Manual (“Manual”) specified various ...

Elhúzódó energiaválság Európában: Második workshop újságírók számáraEvent

Helyszín: onlineA workshopon a REKK kutatói röviden ismertetik az elmúlt hónapok magas energiaárai mögött húzódó legfontosabb folyamatokat, és a közeljövőben várható piaci trendeket. Kitérünk az európai szankciós poltikára, a következő tél kilátásaira ...

Short, mid and long-term costs of phasing out Russian gas in CEEEvent

On the 17th Gas Forum of the Energy Community Borbála Takácsné Tóth presented REKK's research on the 2022/2023 winter, the options of Europe to phase out Russian gas with a special focus on demand adjustment.

A modelling-based assessment of EU supported natural gas projects of common interestEnergy Policy volume 166 (2022)Research paper

Between 2013 and 2020 the EU set up a complex institutional system to select and support the implementation of energy infrastructure projects that are of European interest (PCIs). EUR 1. 4 billion EU support was awarded to 16 natural gas projects between ...

Opinion brief to the upcoming Energy Council of September 9, 2022Proposal to manage the current EU energy market crisis in a fair and market compatible manner by introducing a ‘skimming mechanism’ in the form of a fee added to the current regulated cross-border gas entry tariff for pipeline gas suppliers to the EUResearch paper

The origin of the current EU energy market crisis is the manipulation of its natural gas market. Extreme gas wholesale prices are direct consequences of the withholding of Russian gas deliveries to the European market. As extreme gas prices spill over to ...

2022 ERRA Summer School - 20th anniversaryEvent

The 20th ERRA Summer Shool was held again in onsite mode (plus in hybrid mode as well), with distinguished invited presenters. The course provided the participants with an overview of the global trends of the energy sector regulation. Besides covering ...

Assessment of different options of reduction of Russian gas dependence of a Hungarian industrial consumerAnalysis

The Russian - Ukrainian war, that started February 2022 has increased the possibility of a gas supply cut to a serious risk in Hungary. In our analysis we assessed different options of energy storage that could help to sustain partly or entirely the ...

Quick and dirty? Evaluating short-term gas demand reduction potential in EuropeResearch paper

Our previous policy brief (REKK 01/2022) examined supply side options to substitute for Russian gas, finding short-term alternative pipeline sources to be maximized and additional LNG volumes limited. An additional 500 TWh/year (~50 bcm/year) of EU LNG ...

Russia’s energy weapon – Examining how a reduction of gas exports can impact European pricesPolicy BriefResearch paper

The 24 February 2022 Russian invasion of Ukraine marks a new epoch in modern history. The first days of the war moved many Western countries to impose economic sanctions on Russia despite the leverage it has over Europe with energy supplies, especially ...