The results of OIES research is published as working papers, energy comments, presentations and articles as well as commercially published books and monographs. The views expressed in all OIES publications are those of the authors and do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its Members.
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In February 2019, the EU reached a political agreement to amend the Gas Directive to extend its scope to apply to pipelines from third countries to the EU. The proposal is aimed primarily at Nord Stream 2 – a pipeline which would bring Russian gas to Germany and has been under construction across the Baltic […]
The question of flexibility is always important for the gas industry because of the seasonal nature of gas demand. In the past few years the role of flexible Russian gas in meeting Europe’s growing call on gas has been indispensable. This paper looks at how Russia meets its own flexibility requirements in the domestic market and […]
After a sharp fall towards the end of 2018, oil prices in 2019 started on a positive note recovering some of their losses. From the low point of $50/b reached on 28 December, the daily Brent price has increased to above $60/b with many analysts now expecting another year of sustained price volatility driven by […]
Much is reported in the press on the UK government’s struggle to negotiate the withdrawal agreement, and the main focus as we approach the deadline has been on the potential impact of a so-called No Deal Brexit on the UK economy. French energy law specifies that only companies based in the EU have the authorisation […]
Although pervasive, subsidies have long been accepted by economists as a generally inefficient, costly means of resource allocation that leads to wasteful consumption and distortion of international trade and local markets. Oil-exporting economies have adopted energy pricing reform since the collapse of the oil price in mid-2014, despite lingering fears that such efforts would hurt […]
Energy transition risk is often viewed as a long-term risk, the impacts of which will not be felt for decades to come. However, this view is an imprecise presentation of reality. This is because although completion of transition might take decades, the increased uncertainty around the transition impacts the energy markets on a much shorter […]
Gas demand in Sub-Saharan Africa has largely been based on domestic production in specific countries such as Nigeria and Cote d’Ivoire. Outside South Africa, Botswana, and Zimbabwe there is little or no coal-fired power generation for gas to compete with, as power generation is dominated by oil and hydro. This Insight considers the opportunities for […]
The concept that Russia has a huge amount of spare gas production capacity has been a key theme for the European gas market since 2012, when Gazprom’s long-anticipated launch of the Bovanenkovo field on the Yamal peninsula coincided with a fall in demand for its gas at home and abroad. The result was that Russia had at maximum […]
Gazprom’s pipeline projects that aim to diversify transit away from Ukraine, Nord Stream 2 and Turkish Stream, are very unlikely to be operating at full capacity by 31 December 2019, when the current transit contract between Gazprom and Naftogaz expires. New contractual arrangements must therefore be agreed – and are being negotiated in an atmosphere […]
Russia’s pivot to Asia has taken a long time to mature in the gas sector, but 2019 is set to be an important year as the Kremlin seeks to diversify its sources of export revenues. The Power of Siberia pipeline is due to come onstream at the end of the year, and before then agreements […]
Since the COP 21 meeting in Paris in December 2015, there has been a growing realisation that with the long-term objective that the energy system should be approaching carbon-neutrality by 2050, continuing to burn significant quantities of fossil-derived natural gas will not be sustainable. If existing natural gas infrastructure is to avoid becoming stranded assets, […]
The European Commission launched the revision process for phase IV of the EU ETS in 2015, at a moment when the carbon price generated by the system was at a relative low, compared to previous levels and expectations. The final agreement on the revision package, adopted in early 2018, defines the EU ETS rules for […]
A review of a new OIES paper on oil market conditions and Saudi Arabia’ balancing act: The extent of dislocations i… https://t.co/n8EFPraNEj
May 24th
Jonathan Stern on the latest Groningen earthquake: I think it is likely to accelerate even further the phase-out of… https://t.co/d1tGcAIAjp
May 23rd
About 43% of the industrial gas demand in Europe could, in theory, decline in the 2020s as a result of decarbonizat… https://t.co/0iMqP4dCsd
May 23rd
