A detailed analysis by Jonathan Stern and Katja Yafimava of Gazprom’s March 2017 competition commitments in respect of gas sales to Central and Eastern Europe, concludes that the concerns expressed by DG COMP in respect of territorial restrictions, pricing, and infrastructure issues have been addressed, both in form and in substance. Acceptance of these commitments […]
On 13 March 2017 DG COMP announced its satisfaction with Gazprom’s commitments, submitted in response to DG COMP’s concerns in respect of Gazprom’s alleged anti-competitive practices in several central and east European EU member states, relating to territorial restrictions, pricing, and infrastructure. Gazprom’s commitments have addressed all substantiated DG COMP concerns and their acceptance would […]
This study describes the development of the German gas market from 2006 to 2009 and its transition from a market situation where hardly any competition was observable to a market where competition is starting to take place. I already described in an earlier study in 2006 the development – or stagnation – of the German […]
In contrast to the findings of the recent BERR Committee enquiry into UK energy prices, Professor Philip Wright and Dr Ian Rutledge argued in their evidence to the Committee that the re-introduction of price control regulation is the only policy solution which can protect domestic consumers from being over-charged under the cover of rising wholesale […]
The European Union (EU) began a liberalization process during the past decade, in order to create an internal market for gas by breaking up vertically integrated national companies, allowing entry on the supply side and consumer switching on the demand side. The final aim of this process – to create a single market for gas […]
President Putin’s comment that Russia will study the possibility of creating a “gas-OPEC” created a wave of newspaper headlines. Jonathan Stern argues that gas-OPEC is a distraction from much more important issues which have recently emerged in gas trade between Russia and Europe.
This presentation discusses the evolution and performance of the institutional framework underlying oil activities in the GOM region. It characterises the two systems that have defined the rules for offering and assigning GOM acreage: Tract Nomination (TN) from 1953 to 1982 inclusive,and Area Wide Leasing (AWL) from 1983 to the present. Finally, it discussesthe effects […]
This paper was presented at the OPEC International Seminar, Vienna on 17th September 2004, by Adrian Lajous, Chairman of the Oxford Institute for Energy Studies.
The UK transport sector pays 94% of all environmental taxes but is only responsible for 26% of national CO2 emissions. A uniform fossil carbon input tax across the entire UK economy at a rate equivalent to £30 tCO2 emitted and combined with a £0.20 per kilometre motorway congestion charge would be a far a better […]
The UK renewable energy industry should stop lobbying government for subsidies and extensions of the RO scheme but instead push for a sharper CO2 allowance price signal from the EU Emissions Trading Scheme (EU ETS). A target price of Euro 45 per tonne CO2 would be sufficient to support a secure and sustainable mix of […]
The UK government must acknowledge that the electricity industry alone cannot bear the entire burden of CO2 emission reduction. The current best option for the UK economy is if power generators and energy intensive industry take advantage of low prices in the EU Emissions Trading Scheme and buy surplus CO2 emission permits—not build expensive renewable […]
Contracts for Difference and the Evolution of the Brent Complex https://t.co/KYZEK0lFCC
The Druzhba Pipeline Crisis – The Lessons for Russia and for Europe https://t.co/CkMN5QDRgb
OIES study quoted in Reuters on how China appears to be diversifying gas supply, potentially importing more from so… https://t.co/3LEdHC9nqC
Anouk Honore on the pace of gas storage injections in Europe: There are some signs already that injection rates sho… https://t.co/xyhbo3bncY