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 ...
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Quick and dirty? Evaluating short-term gas demand reduction potential in Europepolicy briefPublished: 7 of April, 2022
Russia’s energy weapon – Examining how a reduction of gas exports can impact European pricesPolicy Brief - policy briefPublished: 7 of March, 2022
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 ...
Is Russia to blame for high European gas prices?Reasons behind the high gas prices and the way ahead in 2022 - policy briefPublished: 19 of October, 2021
Since March 2021 the European wholesale natural gas price has rose steadily above the pre-COVID 2019 levels reaching hights never seen before, leading to gas to coal switch in the power production and demand reduction in industrial production. Analysing ...
The future of natural gas in the Danube Regionpolicy briefPublished: 11 of April, 2021
Import dependency in the Danube Region (DR) is very high - on average (76%) - and above 80% in 10 out of the 14 DR countries. The share of gas consumption in DR is similar to the EU28 (~24%) while coal is much higher - 26% compared to 14%There is a common ...
Rerouting Europe's gas transit landscape - Effects of Russian natural gas infrastructure strategy on the V4Energy Policy, volume 146 (2020) - scholarly articlesPublished: 24 of August, 2020
The Russian gas transit through Ukraine and the possibility of circumnavigating the historically dominant route poses a serious challenge to European gas markets. With the application of market modelling tools, this paper examines Russian export ...
Fifteen years of gas market liberalisation in HungaryBudapest Management Review - scholarly articlesPublished: 28 of November, 2019
Since the opening of the natural gas market in 2004, profound changes have taken place in ownership, regulation and operation of the natural gas market. After morphing to a multi-player competition market structure, some market segments returned to ...
Future of Ukraine's gas transit and its effects on the natural gas marketbooks, chaptersPublished: 31 of May, 2019
The future of gas transit through Ukraine is one of the most pressing energy security issues facing the EU in 2019, with the current gas shipping contract between Russia and Ukraine set to expire 31 December and the realization of alternative pipeline ...
What to do about the Croatian LNG?policy briefPublished: 4 of May, 2018
Although the preparation work for the commissioning of the LNG terminal by the island of Krk has been ongoing for more than decade, during the course of which there have been several modifications, the prospect of the project’s realisation is ...
Evaluating the 6 March PRISMA capacity auctionsbooks, chaptersPublished: 30 of April, 2018
In early March 2017, long-term capacity bookings were held on the PRISMA auction platform, which covers most of the European Union’s natural gas transmission grid. In this short analysis we highlight amarket distortive phenomenon that may be the result ...
What caused the 2018 March price spike on TTF?New REKK Policy Brief has been published. - policy briefPublished: 24 of April, 2018
In late February, an extreme phenomenon occurred on TTF, the most liquid European natural gas exchange: daily settlement price was peaking over 70 €/MWh, with hourly results as high as 150 €/MWh. The hike was unprecedented: most extreme weather, the 2012 ...
