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 original TEN-E Regulation, adopted in 2013, established the regulatory framework for the development of cross-border energy infrastructure within the EU. Following the publication of the EU Green Deal in 2019, the EC proposed to revise the Regulation to facilitate the access of renewable and low carbon gases to the energy system by enabling hydrogen infrastructure to benefit from PCI...

The flow of Russian pipeline gas to Europe has declined dramatically in the past three months. In particular, the curtailment of flows via Nord Stream have had an impact not just on Germany, where the pipeline makes landfall, but also on Gazprom’s counterparties in Czechia, Slovakia, Austria, and Italy – the latter three in particular being markets that were, until...

The European energy price crisis that began with rising gas and electricity prices in 2021 turned into a security of fossil-fuel supply crisis following the Russian invasion of Ukraine. The combined price and security crises add urgency to the climate crisis that has to date been the primary motivator for the energy transition. The European Union (EU) and the United Kingdom (UK) are scrambling to respond...

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...

In this latest podcast, David Ledesma speaks to Michal Meidan and Yan Qin about China's carbon neutrality goals in the context of the current turmoil in energy markets and rising concerns about energy security. Much of the commentary and analysis following the Russian invasion of Ukraine has been focused on the consequences for, and reactions of, European nations. But the global...

The new issue of OIES Oil Monthly, including our latest short-term oil market outlook to 2023, is now available. - The recovery in Russian output and refining activity in May/June has led us to revise down the size of the expected disruptions in Russian oil production by year-end to 1.8 mb/d from 2.6 mb/d previously in our reference case. In...

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...