Gasspeicher sind ein zentraler Baustein für eine sichere Energieversorgung und damit für eine funktionierende Wirtschaft und Gesellschaft. Derzeit bietet der Markt jedoch kaum Anreize, die Gasspeicher zu nutzen oder in deren Erhalt zu investieren. Im Gegenteil: Seit November letzten Jahres...

Gasspeicher sind ein zentraler Baustein für eine sichere Energieversorgung und damit für eine funktionierende Wirtschaft und Gesellschaft. Derzeit bietet der Markt jedoch kaum Anreize, die Gasspeicher zu nutzen oder in deren Erhalt zu investieren. Im Gegenteil: Seit November 2024 beobachten...

This study evaluates the risk factors during ship-to-ship liquefied natural gas bunkering in South Korea using the consistent fuzzy preference relations method. The study showed that the detailed factor "The operator's inability to recognize the operational condition, system status, or measuring...

To effectively manage natural gas dispatchability, the energy industry needs to precisely analyze the seasonal trends of natural gas production and consumption. However, most predictive models demand data pretreatment and are labor-intensive. To address this, a novel seasonal discrete grey...

The gas price explosion during the 2021/22 European energy crisis prompted a shift from gas- to coal-fired electricity production. Empirical evidence on the environmental and health consequences of such a fuel-price shock - as opposed to policy reforms - is scarce. We fill this gap by...

This activity focused on metallic non-refillable gas cartridges for LPG (UN No. 2037) (gas cartridges) included in Directive 2010/35/EU on transportable pressure equipment (TPED). Gas cartridges were identified by the MSAs as a priority for a targeted compliance and safety investigation. The...

We identify supply and demand shocks to the real price of natural gas in the Euro Area and the United States. Demand shocks are identified using exogenous temperature variations, while supply shocks are identified through a high-frequency strategy based on an extensive collection of...

This Paper analyses the results of the trading data in 2024 for the European traded gas hubs, to give a fuller picture of the recovery after the very turbulent period from 2020 to 2022, where the various hubs now stand and, more importantly, to establish whether the Dutch TTF can now credibly be...

This paper compares the renowned GARCH model with a novel one, the Generalized Autoregressive Score (GAS) model in terms of forecasting performance. Considering the gap in the literature, this study focuses on the Turkish stock and FX markets. The analysis covers 25 years (1999-2023), of which...

This research models and examines multiple decarbonisation pathways for Europe to 2050, evaluating trade-offs between emissions reductions, costs, and implications for gas demand. Scenarios that front-load decarbonisation to 2040 show prohibitively high marginal abatement costs, while a more...

Reducing methane emissions from the oil and gas sector is one of the easiest and lowest cost measures which can have a significant impact on global warming prior to 2050. Since 2022, pledges and initiatives by governments and companies have resulted in progress in relation to awareness,...

Gasspeicher sind ein zentraler Baustein für eine sichere Energieversorgung und damit für eine funktionierende Wirtschaft und Gesellschaft. Derzeit bietet der Markt jedoch kaum Anreize, die Gasspeicher zu nutzen oder in deren Erhalt zu investieren. Im Gegenteil: Seit November 2024 beobachten...

Despite the formal absence of sanctions, gas trade between Russia and the EU has effectively collapsed over the past three and a half years. This has been the outcome of several factors: the EU strategy of reducing dependence on Russian gas, Russia's own supply cuts, physical damage to the...

Geopolitics is an overarching characteristic of much of this outlook for the key themes in the global energy economy in 2025. The start of Donald Trump’s second term in the White House will herald new pressures to multiple layers of the global economy, from trade to labour, monetary policy to...

Gasspeicher sind ein zentraler Baustein für eine sichere Energieversorgung und damit für eine funktionierende Wirtschaft und Gesellschaft. Derzeit bietet der Markt jedoch kaum Anreize, die Gasspeicher zu nutzen oder in deren Erhalt zu investieren. Im Gegenteil: Seit November letzten Jahres...

Aligned with the war in Ukraine, Russia has significantly withheld natural gas exports to Europe since 2021. As there are no EU-wide sanctions on imports of Russian natural gas, the Ukraine transit as well as imports via Turkey and LNG have remained active during 2022-24. However, the...

A robust model for natural gas prices should simultaneously capture the observed prices of both futures and options. While incorporating a seasonal factor in the convenience yield of the spot price effectively replicates forward curves, it proves insufficient for accurately modelling the options...

The simulation of wind power, electricity load, and natural gas prices will allow commodity traders to see the future movement of prices in a more probabilistic manner. The ability to observe possible paths for wind power, electricity load, and natural gas prices enables traders to obtain...

As the substance of public interest in spatial planning and development remains permanently challenged, the relationship between legitimacy and acceptance is constantly in the focus of discussion. After the wave of interest in participation-intensive communicative legitimation approaches from...

This paper uses a Bayesian Structural Vector Autoregressive (BSVAR) framework to estimate the pass-through of unexpected gas price supply shocks on HICP inflation in the euro area and its four largest economies. In comparison to oil price shocks, gas price shocks have approximately one-third...

Determining transportation routes is of great importance for advancing China-Russian gas cooperation, which has been hanging in the balance. This paper employs a general equilibrium model to assess the congestion cost of diversified gas transmission schemes between China and Russia on domestic...

Regulatory reforms by the European Commission have facilitated the integration of the European gas market, increasing interdependence in prices and associated risks across gas hubs. Recent external shocks, including the COVID-19 pandemic and the Russian invasion of Ukraine, have disrupted market...

The U.S. natural gas market is crucial for domestic energy and increasingly important in global trade. Structural analyses of this market often adapt oil market models but overlook key features, such as external trade flows, potentially limiting their ability to fully capture its dynamics. This...

The Tracker report for 2024 comes as a global sense of urgency is taking hold. At the end of last year, the 2023 United Nations Climate Change Conference (COP28) again underscored the importance of transitioning away from unabated oil and gas. At the same time, oil and gas will continue to play...

The spread of natural gas in the main international natural gas markets shows characteristics of violent fluctuation, frequent mutation, and periodic evolution, which pose a great challenge to the safety and sustainable development of natural gas in China. First, this paper used the complete...

This paper develops a Bayesian VAR model to identify three structural shocks driving the European gas market: demand, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them. The...

Large parts of the existing natural gas distribution networks must be decommissioned due to the decarbonization of the heat supply. However, there are neither regulatory nor economic incentives for the gas network operators to do so and delaying the decommissioning could be expensive for the...

This year’s key themes outlook focuses heavily on the resilience of hydrocarbon markets in the face of disruptions of many kinds; how sustainability and energy transition are becoming a strategic political objective that reaches well beyond the energy economy; and the technology elements of...

This study explores the structural shifts in Europe’s energy landscape following the loss of over one-third of its natural gas supplies due to the conflict in Ukraine, effectively severing the traditional natural gas trade “bridge” between Russia and Europe. Amidst Europe’s deep...

On 11 April 2024 the European Parliament adopted the Renewable and Natural Gases and Hydrogen (RNGH) Directive and the RNGH Regulation – otherwise known as the Decarbonised Gas and Hydrogen Package – and published both documents on 12 April 2024. Once approved by the Council and published in...

The market for internationally traded gas has now globalized, assisted by the advent of US LNG from the Lower-48. The volume of flexible LNG has increased sharply since 2016 and was instrumental in the diversion of LNG cargoes to Europe, following the loss of Russian pipeline gas in 2022. In a...

This paper aims to assess the role of expectations as a determinant of the real price of natural gas. To measure expectations-driven speculative demand three approaches are followed, which are based respectively on using natural gas inventories consistently with the theory of storage (Kilian and...