| Srl | Item |
| 1 |
ID:
126805
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| Publication |
2014.
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| Summary/Abstract |
In Continental Europe and LNG importing Asia, international gas prices reflect the market fundamentals of the 1970s-1990s when gas was replacing oil products and crude oil in energy balances. By the end of the 2000s, fundamentals in both these regions had changed significantly, but gas price formation mechanisms had not. This created major problems for buyers locked into long term contracts indexed to crude oil and oil product prices, which had risen to levels far above gas market fundamentals. By 2013, the transition to hub-based pricing was well advanced in Europe and dominant in the large markets in the north west of the Continent. In Asia the "crisis of fundamentals" was only just starting to be addressed with a transition to market pricing an urgent imperative, but still a distant prospect.
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| 2 |
ID:
049585
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| Publication |
Oxford, Oxford University Press, 2002.
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| Description |
x, 321p.
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| Standard Number |
0197300294
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 047312 | 333.8233095/WYB 047312 | Main | On Shelf | General | |
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| 3 |
ID:
072675
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2006.
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| Summary/Abstract |
Energy security is, once again, a fashionable topic of conversation in Europe particularly in relation to natural gas, but most of the commentary is relatively general, failing to identify any specific problems. The Russian-Ukrainian gas crisis of January 2006 focussed attention on a specific natural gas security problem: the impact of a bilateral dispute on the transit of Russian gas via Ukraine. This episode reinforced old security lessons on the importance of diversity of routes and sources, but also showed that current events can be more influential than projections of supply adequacy at some date in the future. This event has highlighted the potential role of the European Union in natural gas diplomacy, and the Energy Charter Treaty in the legal framework for gas transit. But the most important legacy of the episode may be not in Russia-EU, but in Russia-CIS, energy relations.
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