This book explores in detail the challenges which the European gas markets currently face, and the opportunities they present. Bringing together some of the most prominent gas experts on Europe from both academia and industry, this edited volume provides a comprehensive analysis of the various economic, political and technological factors that interact in this sector. Featuring a Foreword by Maroš Šefčovič, Vice-President of the European Commission in charge of the Energy Union, contributions explore a wide range of issues, such as the role of gas in decarbonizing Europe, the outlook of Europe’s gas demand, supply and pricing, and global LNG dynamics. Country specific studies include Russia, Norway, the Netherlands, and Germany, with regional studies including North Africa and the Eastern Mediterranean. Alongside detailed analysis of this complex sector it also puts forward a set of policy recommendations for the sector’s key stakeholders. This volume will be of interest to researchers and academics, as well as practitioners and professionals within European gas markets.
The European gas industry has experienced over the last decades an extraordinary success. A strongly interconnected network of gas pipelines has been developed inside and around Europe, and the LNG trade has also expanded rapidly. However, the European gas industry is now facing a number of new challenges and opportunities, related to both its demand and supply sides. On the demand side the ambitious EU decarbonisation targets have led to an unprecedented uncertainty of the EU future gas demand. In fact, the implementation of a climate-based energy policy in Europe challenges the role of natural gas in the long-term European energy mix, also if in the mid-term natural gas could play an important and cost effective role in the transition towards a low carbon economy. On the supply side new natural gas supplies are emerging around the world, mainly because of an increase in global LNG supply and the shale gas revolution in the United States. This unprecedented shift in the supply/demand balance is creating new dynamics also in the European gas industry, regarding both the EU security of gas supply architecture and the EU gas pricing mechanism. This book provides a comprehensive analysis of all these challenges and opportunities affecting the European gas industry, with the aim to provide a clear snapshot of a market characterized by growing uncertainty and volatility.
In recent decades, network industries around the world have gone through periods of de- and re-regulation. With vast amounts of sometimes conflicting research carried out into specific network industries, the time has come for a critical over-arching assessment of this entire industry in order to provide a platform of understanding to aid future research and practice. This comprehensive resource provides an orientation for academics, policy makers and managers as to the main economic, regulatory and commercial challenges in the network industries. The book is split into sections covering market, policy, regulation, management perspectives, whilst all of the key network industries are covered, including energy, transport, water and telecommunications. Overseen by world-class Editors and experts in the field, this inter-disciplinary resource is essential reading for students and researchers in international business, industrial economics and the industries.
Author: V. Birchfield
Release Date: 2011-07-18
Genre: Political Science
Since the mid-2000s, the European Union has made unprecedented strides toward the creation of a common energy policy. This book takes stock of these developments, evaluating how much progress has actually been made and what remains to be done, what factors explain these recent advances and their limitations.
Author: Svein S Andersen
Release Date: 2001-01-26
Genre: Political Science
This Second Edition of Making Policy in Europe is fully revised and expanded to provide the most up-to-date introduction to the study of policymaking in the European Union (EU). The first part of the book introduces the different perspectives to study of the EU as a political system, and provides a framework for the study of the main actors and institutions in the decision-making process from transnational lobbying within Brussels to the implementation of EU law in national member states. Part two introduces each of the main sectoral policy areas. The common "market" is introduced and reviewed before students are provided with detailed studies of policies and policy-making in telecommunications, the environment, energy, education, immigration, and policing. In each case the complex interaction between different interests and actors at different levels in the EU apparatus is richly illustrated and the future prospects for further integration fully examined. The final part of the book looks at the future economic and political structure of the EU and the direction of contemporary studies of the EU and European integration. A completely new chapter reviews European monetary union, another looks at the important enlargement question, and, finally, the editors review the wider implications for Europe and the EU political system. This book will be essential reading for another generation of students of the EU, European pubic policy and European integration. In each case the complex interaction between interests and actors at different levels in the EU apparatus is richly illustrated and the future prospects for further integration are examined.
This ground-breaking volume provides a new perspective on the EU’s foreign policy and offers a reconstruction of EU research that extends beyond narrow-minded concepts of ‘power’ and ‘actorness’. Focusing on two intertwined research questions, it presents a more sustainable base for studying EU foreign policy: What is the EU’s foreign policy quality in terms of ‘actorness’ and ‘power’ compared to other types of actors in international relations and global politics? What factors influence the EU’s foreign policy performance in comparison to states and international organizations? This guiding principle and application of a ‘grounded theory’ or ‘heuristic case study’ approach allows the book to deliver a structured comparative analysis of EU foreign policy, comparing findings across policy fields, different legal foundations and respective policy modes of governance. This book will be of key interest to students and scholars of European Union studies, European Union foreign policy studies, international relations, and security policy studies.
Author: Javier Estrada
Release Date: 1995
Genre: Business & Economics
This volume studies the driving forces behind the development of the European gas market and the uncertainties facing the industry in Europe. There is widespread consensus within Europe about the advantages of natural gas to reduce air pollution and to enhance energy supply diversification. Thus taking into account these most fundamental prerequisites for increased gas demand, this volume addresses the more immediate question of how the conglomeration and organisation of European gas industries will be influenced by this latent demand potential. The purpose of this book is to focus both on the analysis of evolutionary organisational processes within the gas industry, and the pressures for change provoked by external forces such as interfuel competition, environmental imperatives and new trends in European economic policies. The potential for structural change in the organisation of the European gas industry is discussed, as well as the political, economic and commercial factors affecting its progress. With the present uncertainty as to whether the gas industry will take advantage of the obvious market opportunities that are opening up, this book takes a close look at the European gas industry at this time of change, and analyses how this process may develop and the possible implications this will have on the gas industry.
Author: Øystein Tunsjø
Publisher: Columbia University Press
Release Date: 2013-11-19
Genre: Political Science
China has developed sophisticated hedging strategies to insure against risks in the international petroleum market. It has managed a growing net oil import gap and supply disruptions by maintaining a favorable energy mix, pursuing overseas equity oil production, building a state-owned tanker fleet and strategic petroleum reserve, establishing cross-border pipelines, and diversifying its energy resources and routes. Though it cannot be "secured," China's energy security can be "insured" by marrying government concern with commercial initiatives. This book comprehensively analyzes China's domestic, global, maritime, and continental petroleum strategies and policies, establishing a new theoretical framework that captures the interrelationship between security and profit. Arguing that hedging is central to China's energy-security policy, this volume links government concerns about security of supply to energy companies' search for profits, and by drawing important distinctions between threats and risks, peacetime and wartime contingencies, and pipeline and seaborne energy-supply routes, the study shifts scholarly focus away from securing and toward insuring an adequate oil supply and from controlling toward managing any disruptions to the sea lines of communication. The book is the most detailed and accurate look to date at how China has hedged its energy bets and how its behavior fits a hedging pattern.
Author: Sanam S. Haghighi
Publisher: Bloomsbury Publishing
Release Date: 2007-08-31
This book offers the first comprehensive assessment of the various internal and external measures undertaken by the European Union to guarantee security of oil and gas supply. It sets out and analyses in a coherent and thorough manner those aspects of EU external policy that are relevant in establishing a framework for guaranteeing energy security for the Union. What makes the book unique is that it is the first of its kind to bridge the gap between EU energy and EU external policy. The book discusses EU policy towards the major oil and gas producing countries of Russia, the Mediterranean and the Persian Gulf at the bilateral as well as regional and multilateral level. It brings together not only the dimensions of trade and investment but also other important aspects of external policy, namely development and foreign policy. The author argues that the EU's energy security cannot be achieved through adopting a purely internal approach to energy issues, but that it is necessary to adopt a holistic approach to external policy, covering efficient economic relations as well as development co-operation and foreign policies towards energy producing countries. The book will be a valuable resource for students of EU law, WTO law or international energy law, as well as scholars and practitioners dealing with energy issues.
Author: Jonathan P. Stern
Publisher: Brookings Inst Press
Release Date: 1991-12-01
This work presents in detail the European Commission proposals to introduce third party access (TPA) into natural gas industries and the response from the European gas companies. Proponents of TPA believe it would allow consumers greater choice and lower prices by introducing gas-to-gas competition into European gas markets; opponents believe it would increase prices, reduce security of supply, delay the introduction of large investment projects, and introduce massive regulatory complexity and bureaucracy.
Author: Jonathan P. Stern
Publisher: Brookings Inst Pr
Release Date: 1998
Genre: Business & Economics
Many of the long-awaited changes to the European gas market are now imminent. Institutional developments and market forces are combining to produce a transformation. This major study analyzes the developments in a wide range of European countries, including central and eastern Europe. In examining how different institutional traditions and political priorities will affect the gas market, Stern explores the potential for a distinct Continental European model of competition and liberalization.
Author: E.G. Derouane
Publisher: Springer Science & Business Media
Release Date: 2006-03-30
Energy and feedstock materials for the chemical industry are in increasing demand and, with constraints related to the availability and use of oil, the energy and chemical industry is undergoing considerable changes. In recent years, major restructuring has occurred in the oil, petrochemical, and chemical industry, with increasing attention devoted to the use of natural gas, methane in particular, as a chemical feedstock rather than just as a fuel. The conversion of remote natural gas into liquid fuels or other transportable chemicals is a challenge to industrial catalysis. Few processes exist so far with the major ones involving the conversion of natural gas to synthesis gas by steam reforming, CO2 reforming, or partial oxidation, followed by the syntheses of methanol, hydrocarbons (Fischer-Tropsch synthesis), or ammonia. In this book, a comprehensive overview of the field of processing natural gas is given, through a series of chapters written by leading scientists and engineers in the field. New developments are discussed and current work relevant to the area is shown by a series of recent works by researchers working in this and related fields.
The liberalization of the Turkish economy is a key factor affecting Turkey’s application to join the European Union. This book examines the impact of economic liberalization in Turkey and Turkey’s approach to the elimination of barriers to trade. It focuses on the liberalization of trade in Turkey’s agricultural and industrial commodities sector and key services such as telecommunications, electricity, natural gas, banking and transport. The chapters include thorough discussions on WTO and EU approaches for the elimination of barriers to trade, international and EU rules and regulations in the various service sectors, and the methods for estimating the tariff equivalents of barriers to trade in the different service sectors as well as methods for estimating the benefits of liberalization of services for Turkey. The experience of Turkey, its approach to liberalization and its measures to eliminate barriers to trade serve as a useful model for other neighboring countries of the European Union.