The LNG market has seen dramatic shifts in its underlying fundamentals since the mid 2000s. The roller-coaster of pricing, the rise of LNG spot and short term trading and the emergence of the US as...Lees verder
This paper is one of the first attempts to delineate the contours of emerging GCC–East Asia relations in the fields of nuclear and renewable energy. On one hand, the GCC countries have been seeking technology from...Lees verder
Dramatic changes are taking place on global LNG markets which will profoundly impact gas markets. Global LNG supply capacity will gain 50 per cent over the period 2015–20, driven by Australian and US LNG projects....Lees verder
This paper addresses the expanding energy cooperation between Russia and China in the context of the political and commercial relationship between the two countries. It assesses progress during the post-Soviet era, but focuses especially on...Lees verder
Structural reforms outlined in Vision 2030 are much needed to shift the economy to a more sustainable path and even if only a small part of Vision 2030 is being implemented, the Saudi economy will...Lees verder
Ukraine’s residential and district heating sectors epitomise a well-known set of problems faced in former Soviet countries: outworn infrastructure, heavily subsidised pricing structures and inefficient consumption. This paper seeks to ascertain the potential of reforms...Lees verder
This paper addresses the gas supply squeeze that has arisen in Azerbaijan. It covers the increase in demand in the domestic market, and Georgia and Turkey, and the unforeseen decline in the legacy state-operated fields,...Lees verder
China’s 13th Five Year Plan (13FYP) outlines the country’s economic transformation for the coming five years and beyond. As the main blueprint for China’s ‘rebalancing’, it will impact economic growth and energy demand patterns. China’s...Lees verder
The new Japanese LNG Strategy published in May 2016 envisages the creation of a liquid market and an international LNG hub in Japan. This promises to radically change the traditional JCC (crude oil) based pricing...Lees verder
The sharp fall in the oil price has divided views about the nature of the latest oil price cycle. Some argue that the oil market has been subject to structural shocks that have created a...Lees verder
In 2015, the Gulf Cooperation Council (GCC) countries began implementing and accelerating pricing reforms targeting the removal of energy subsidies. While the price increases were from a low base and domestic energy prices are still...Lees verder
This comment piece follows on from previous publications by Beatrice Petrovich and assesses whether the main European energy exchanges provide a reliable price reference for traded gas. Exchanges are viewed as performing a vital role...Lees verder
The future of the transportation of Russian gas to Europe is wide open. The role of Ukraine, historically the main transit corridor, will change after the current transit contract between Gazprom and Naftogaz Ukrainy expires...Lees verder
The accord reached by Saudi Arabia and Russia, along with Qatar and Venezuela, in Doha on February 16th has been widely seen as effectively an agreement to do nothing. The four countries have accepted a...Lees verder
Though the Canadian oil sands may have been overlooked in recent years, due to the impressive story of North American tight oil growth, their massive bitumen deposits still comprise a major portion of the world’s...Lees verder
After more than two decades of attempts at electricity sector reform, there is a strong case for assessing empirical evidence on its outcomes, particularly for developing countries. Electricity reform programmes, implemented through the ‘standard’ or...Lees verder
The European Union faces a major energy challenge: it needs its energy union plan to succeed if it is to meet its international commitments under last month’s Paris climate agreement, at a cost which the...Lees verder
Gazprom’s pivot to Asia has stalled and it must now continue to focus on Europe as its key export market. However, stagnant demand and increasing availability of LNG supply are set to put the company’s...Lees verder
This paper argues that electricity markets in Europe are broken. The increasing penetration of subsidised, zero marginal cost, intermittent generation has distorted prices to the extent that they can no longer give effective signals for...Lees verder
The objective of this is to analyse how contractual stabilization devices have evolved since the late 1990s, based on a survey of 20 countries and a review of the literature and evidence on stabilization clauses....Lees verder
