The Oxford Institute for Energy Studies is a world leading independent energy research institute specialising in advanced research into the economics and geopolitics of the energy transition and international energy across oil, gas and electricity markets

The global climate change imperative presents a particular challenge because of the scale and nature of the investment needed in developing countries, coupled with the difficulty of raising long term debt in many of them. Project finance can help to address this challenge because it enables separation and allocation of different risks to different parties, which can help to attract...

Carbon-neutral LNG has become progressively limited to a relatively small number of trades in Asia and cannot be considered a credible or relevant environmental standard. Cargos should be `greenhouse gas verified’ and should set out the methodologies used to measure, report, and verify emissions. These methodologies should distinguish between assumptions and models for estimating emissions, and empirical measurement of emissions....

Low, or no, Russia pipeline flows to the EU are precipitating an infrastructure and supply crisis. The impact is not Europe wide on flows, with potentially the five most impacted countries being Germany, Czech Republic, Slovakia, Austria and Hungary, being totally dependent on pipeline imports from Norway and connections to Belgium and the Netherlands – in turn relying on LNG...

Climate science confirms the imperative to maintain global temperatures under 2°C and undertake efforts to limit the rise to 1.5°C above pre-industrial levels in order to avert extreme climate hazards. This requires that global annual greenhouse gas (GHG) emissions are halved by 2030 and reduced to net zero by 2050. Against this background, policymakers have launched initiatives at global and...

This the first podcast in a six-part series ahead of COP 27 in which the OIES addresses the outlook for this important climate conference. In discussion, James Henderson and Mari Luomi give their views on the main issues that are likely to be on the agenda at the conference that is being held on the 6-18 November in Sharm el-Sheikh,...

The new issue of OIES Oil Monthly, including our latest short-term oil market outlook to 2023, is now available. - The resilience of Russian production so far and ability of Russian producers to divert large volumes of crude from Europe to other markets have led us to revise down the size of the expected disruptions in Russian oil production by...

The second quarter of 2022 has been a dramatic one for the European gas market. On the supply side, relatively modest increases in European production and pipeline imports from Norway and Azerbaijan have been overshadowed by two significant shifts: the decline in pipeline flows from Russia and the high level of LNG, both of which are continuations of trends seen...