Mit einem Importanteil von mehr als 50% beruht ein Großteil der deutschen Gasversorgung auf Lieferungen aus Russland. Es würde schwerfallen, diese kurzfristig zu ersetzen, da sowohl die Kapazitäten der LNG-Terminals als auch die Transportkapazitäten des bestehenden Pipelinenetzes begrenzt...

Ein Stopp der russischen Gaslieferungen würde zu einer Rezession der deutschen Wirtschaft führen. Nicht alle Regionen wären davon gleich betroffen: Vor allem wäre dort, wo das Verarbeitende Gewerbe ein großes Gewicht hat, mit einem deutlich stärkeren Einbruch der Wirtschaftsleistung zu...

Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia's war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...

In this essay, I outline a method to compute the economic impact of a sudden stop of natural gas imports from Russia. First, I estimate the reduction in the short-run supply of natural gas for the economy and the industry sector. Second, I use model simulations to analyse the effect of a sudden...

As Russia's invasion of Ukraine continues, more and more people are calling for a ban on Russian energy imports. The proponents argue that abstaining from importing billions worth of coal, oil and gas will further increase the pressure on the Kremlin. Critics, however, including German...

Angesichts der aktuellen Gasnotlage sind alle Verbraucher aufgefordert ihre Gasnachfrage zu reduzieren. Als wirksamster Anreiz zur Einsparung gelten hohe Preise. Doch viele Haushalte spüren das volle Ausmaß der Preisanstiege an den Gasmärkten aufgrund bestehender Verträge erst mit deutlicher...

Die Auswirkungen des russischen Angriffskriegs verdeutlichen die Gas-Abhängigkeit der deutschen Volkswirtschaft von Russland. Nichtsdestotrotz bestehen viele unterschiedliche Steuervergünstigungen in Form von Steuernachlässen und -subventionen für den Verbrauch von Gas. 2021 wurden...

The explosive increase of the price of natural gas is a key driver of inflation in Germany. At the same time, physical gas shortages in the fall or winter are a plausible scenario. A policy response is urgently needed that protects households from skyrocketing heating costs while at the same...

The Global Methane Pledge to reduce emissions by at least 30 per cent by 2030, was signed by more than 100 countries at the COP26 Conference in November 2021. Reducing methane emissions from fossil fuel sources by up to 75 per cent by 2030 has been identified as an essential contribution to...

This paper contains 20 short articles which outline the views of OIES research fellows on some of the key themes for the global energy economy in 2022. Starting with views on the short-term outlook for oil, electricity and gas markets, the articles move on to cover LNG supply and Russian export...

In this paper, we revisit price and volatility transmission among natural gas, fertilizer, and corn markets; an important issue was explored in previous work. An update of the results is urgently needed due to the recent enormous price volatility in the commodities, fertilizer, and energy...

A transition of the Bolivian power sector towards a renewable energy dominated system has been inhibited by a series of laws and policies including heavy subsidies for power generation using domestic natural gas. Within this context, alternative techno-economic scenarios are designed based on...

Increasing the use of heat pumps is an important measure for reducing carbon emissions in the heating sector as well as natural gas imports. This report uses an electricity sector model to investigate the effects of an accelerated expansion of the heat pump stock on the German electricity sector...

In this policy brief, we review the main trade-offs associated with joint procurement, or procurement “centralization”, as identified by procurement scholars. We then focus on the specific case of natural gas. Finally, we compare the procurement of natural gas to that of COVID-19 vaccines,...

Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...

In this essay, I outline a method to compute the economic impact of a sudden stop of natural gas imports from Russia. First, I estimate the reduction in the short-run supply of natural gas for the economy and the industry sector. Second, I use model simulations to analyse the effect of a sudden...

As Russia’s invasion of Ukraine continues, more and more people are calling for a ban on Russian energy imports. The proponents argue that abstaining from importing billions worth of coal, oil and gas will further increase the pressure on the Kremlin. Critics, however, including German...

The Russian war on Ukraine and Germany's dependence on Russian gas require a rethink of German energy supplies. While there is a heated debate about an immediate energy embargo, Russia could also stop its supplies at any time. To date, Germany has purchased around 55 percent of its natural gas...

Due to the vast conserves of Bangladesh's natural gas's total demand has increased in the last decade. Natural gas was a primary source of energy and played a vital role in Bangladesh's sectorial consumption and rapid economic development. This study explores the factors influencing natural gas...

As infrastructures that connect the energy source with the energy use, energy networks constitute a crucial element of national and global energy systems. They also play a key role in helping with balancing supply and demand, thus ensuring that energy is not only available in the right places...

Mit einem Importanteil von mehr als 50% beruht ein Großteil der deutschen Gasversorgung auf Lieferungen aus Russland. Es würde schwerfallen, diese kurzfristig zu ersetzen, da sowohl die Kapazitäten der LNG-Terminals als auch die Transportkapazitäten des bestehenden Pipelinenetzes begrenzt...

To help German households and firms with exploding energy costs, the German government is about to implement a new transfer scheme called "gas price brake." A unique feature of this energy price relief measure is that both households and the industry receive a transfer that increases in one's...

The global energy transition is happening, but too slowly to limit climate change to acceptable levels, for diverse reasons. Carbon emissions policies and measures focus too little on absolute emission targets and too much on relative measures such as carbon intensity. Focus is needed on early...

The Russian attack on Ukraine in February 2022 shook continental geopolitics and led to a major shift in EU energy policy. The necessary speed of the combined diversification away from the Russian energy sources, fossil fuel phase-out and mass scale-up of low-carbon energy and technologies are...

This note argues that in a situation of an inelastic natural gas supply a restrictive monetary policy in the euro zone could reduce the energy bill and therefore has additional merits. A more hawkish monetary policy may be able to indirectly use monopsony power on the gas market. The welfare...

This policy paper studies the effects of a sudden stop of natural gas imports from Russia on the German economy. The analysis focuses on the supply-side effects that arise when a gas shortage affects production in the gas-intensive manufacturing sectors, with a corresponding production...

Policymakers have been discussing various potential measures to cushion the impact of skyrocketing gas prices and prevent supply shortages. On 10 October 2022 an expert commission in Germany proposed a plan to keep natural gas affordable while also preventing shortages. The main element of the...

For many years Russian domination of SE Europe’s gas imports meant it was regarded as “Russia’s market”. In the last 3 years, however, much new infrastructure has been commissioned, which has enabled the region to diversify its import mix and significantly change its gas flow patterns....

There are numerous risks associated with mining and owning cryptocurrencies, and exploring and producing oil and natural gas are highly risky, costly, and controversial. A marriage of digital mining and exploring and producing oil and natural gas has reduced the major risks and costs for both...

The explosive increase of the price of natural gas is a key driver of inflation in Germany. At the same time, physical gas shortages in the fall or winter are a plausible scenario. A policy response is urgently needed that protects households from skyrocketing heating costs while at the same...

We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...

This policy report studies the effects of a sudden stop of natural gas imports from Russia on the German economy. The analysis focuses on the supply-side effects that arise when a gas shortage affects production in the gas-intensive manufacturing sectors, with a corresponding production...

Natural gas prices in Germany saw a strong increase at the end of 2021, subsequently worsening with the start of the war in Ukraine in February 2022, raising concerns about the distributional consequences. Our study shows that low-income households are affected the most by the natural gas price...

The most affected market after Russia's intervention in Ukraine is the energy market. What has happened in this market has entered a very difficult phase to predict. On the one hand, the European Union, the United States, and the United Kingdom want to get rid of their dependence on Russian...

Article in the Spring 2022 edition of the American Bar Association's Natural Resources & Environment magazine about a trio of recent developments at the Federal Energy Regulatory Commission (FERC): efforts to bring climate and environmental justice into pipeline reviews at FERC; providing...