The following provides summaries of the research in progress by staff of the Oxford Institute for Energy Studies. The Institute’s unique multidisciplinary expertise allows it to examine the economics, the politics and the sociology of energy with a focus on oil and natural gas.
The specific subjects of research in progress, while set within these broad lines, necessarily reflects the particular research capacities, skills and interests of the research fellows.
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The OIES research on decarbonising energy markets has identified particular threats to gas networks from both declining demand for gas and a failure to adapt to new requirements in a low carbon world. Gas networks represent a huge, sunk cost asset and with the right mix of investment and incentives they could play a significant […]
This research follows earlier papers on the demand outlook for LNG as a marine fuel (Le Fevre, 2013 and 2018 and Sharples, 2019) and seeks to meet the following objectives: To summarise the main commercial and environmental factors underpinning the case for natural gas in road transportation including an assessment of the potential impact of […]
Nigeria has immense hydrocarbon wealth and took over 20 years to reach FID on Nigeria LNG. In 10 years after FID, Nigeria LNG surpassed 20 Mtpa of production becoming at one time the 3rd largest global producer. The country spent over a decade pursuing an ambitious Nigerian Gas Master Plan with a massive planned expansion […]
Following a pause as the country complied with the recent OPEC/Non-OPEC deal Russia is set to expand its oil output again. Fields currently under development will see production rise consistently until the early 2020s, but the key question will be whether this can be sustained for the longer term. Existing fields in West Siberia and […]
Russia is set to become one of the four major players in the global LNG market, with the US, Australia and Qatar. The drive behind this important strategic move is Novatek, which has become the country’s LNG champion with significant support from the Kremlin. This research will outline the key projects in the growth of […]
As European imports of Russian gas have reached historical highs since 2016, it has become increasingly important to consider the routes by which that gas is delivered, the extent to which those routes are fully utilised, and the related question of how much spare capacity remains in the system, particularly at times of peak flows. […]
The global gas balance is continuously shifting, as demand fluctuates, and new LNG export and import terminals are brought online. Using the OIES Global Gas Model, this research tracks developments in the supply-demand balance, including both ongoing trends in demand relative to the existing supply infrastructure, and likely future developments in terms of both predicted […]
Brian Songhurst is preparing an update on his previous publications covering floating liquefaction (NG107) published in 2016 and floating storage and regas terminals (NG123) published in 2017. This will provide information on recent developments including some that were covered in the previous papers but have now been cancelled and why. The update paper will also address some of […]
In an effort to increase oil export revenue and to meet local electricity demands, the Kuwaiti government is planning to replace the majority of crude and petroleum products with imported liquefied natural gas (LNG) in its power generation by 2030. The basic motivation for this plan is that it will enable freeing crude and petroleum […]
This paper addresses the question of how distribution fixed costs can best be priced, in the context of technological disruptions in the power sector. The vast majority of network utility costs to serve residential and small commercial and industrial customers are fixed, and this means a first-best solution is unattainable. This is because distribution is […]
The debate around electricity market design to date has focused on wholesale markets, largely ignoring end users and the retail business. Over the last two decades many jurisdictions around the world have opened up their retail electricity businesses to competition, to enable greater consumer choice. However, retail choice and competition has not benefited all users. […]
In recent years, efforts to decarbonise the transport sector through incentivising the adoption of Electric Vehicles (EVs) have gained significant momentum. However, similar to renewables, at some point policy must extend beyond the provision of incentives for EV adoption, and focus also on their integration with existing power systems. This is because EV penetration imposes […]
Changes to the ‘Dated Brent’ benchmark: more to come https://t.co/gW10n8rPMi
March 21st
New OIES paper looks at LNG projects vying for FID in 2019-20, reviews 5 areas, costs and competitiveness, and the… https://t.co/pz3UDcUcQU
March 20th
Outlook for Competitive LNG Supply https://t.co/qmG43CklMw
March 20th
