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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 ...
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 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 ...
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 ...
REKK has carried out a modelling based analysis to assess how different future scenarios of the global gas market supply and demand patterns can affect the wholesale gas price levels and infrastructure utilization in Europe by 2025. The analysis was part ...
The paper analyses the effects of Nord Stream 2 on the wholesale natural gas prices of European countries and the European gas market competition. We also assess the effect of this new infrastructure on the planned PCI projects of Central and Eastern ...
This paper presents the results of a coordinated modelling assessment that incorporates European energy efficiency and renewable policies with two potential gas market scenarios. First, the impact of EU energy efficiency and renewable policies on natural ...
There is an ongoing policy debate in Europe about how to select natural gas infrastructure projects for an EU-wide investment support scheme. We contribute to this debate by providing a model-based project evaluation method that addresses several ...
The 2011 Hungarian energy strategy considered the SK-HU gas interconnector as a priority infrastructure project. The interconnector was expected to serve three main objectives: improve Hungary’s gas market integration with Western Europe, improve ...
In this paper the vulnerability and the short term resilience of the European gas market to supply side shocks are modelled. We analyse the effect of regulatory interventions on the wholesale gas price and welfare of the most vulnerable Central and ...