Entering the 2020s, LNG sellers are operating in an increasingly oversupplied global market, thus facing the problems of whether and where they will be able to ‘find a home’ for their cargoes. Given that the EU is the only liquid gas market with regulated third party access (TPA) to LNG import terminals, the sellers will […]
The European Union (EU) has adopted ambitious decarbonization targets for 2050. Renewable electricity and electrification are the key drivers, but are not sufficient on their own to meet the targets. A number of countries expect decarbonized gas (e.g. renewable hydrogen and biomethane) to be part of a future decarbonized energy system. Within that context, this […]
In November 2007, after over ten years of gas market integration, the European Commission acknowledged that ‘a regulatory gap remains on cross-border issues’
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 […]
The Single European Act (EU, 1988) established the general principle of a single European ‘internal market’, rather than many separate national markets, for goods and services in the European Union (EU). The European Commission (EC) working document on the Internal Energy Market (EC, 1988) was published as a direct result, and led to a range […]
The development of the international economy has created a system of interdependent nations, ultimateiy pointing at one world economy. This process of globalisation has strengthened the role of international economic organisations and treaties, creating new sets of rules, procedures, and principles.
The double squeeze on OPEC’s oil ouput caused by a fall in the world demand for oil and a rapid growth in non-OPEC supplies is preventing this organization from performing a price stablization role . The current oil price crisis is the consequence of these developments.
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