Natural gas infrastructure and supply patterns in Eastern Europe : Trends and policies
| Authors | |
|---|---|
| Year of publication | 2017 |
| Type | Article in Periodical |
| Magazine / Source | Energy Sources, Part B : Economics, Planning, and Policy |
| MU Faculty or unit | |
| Citation | |
| web | http://www.tandfonline.com/doi/full/10.1080/15567249.2015.1136971 |
| Doi | http://dx.doi.org/10.1080/15567249.2015.1136971 |
| Field | Political sciences |
| Keywords | Eastern Europe; Gazprom; hub trading; interconnectors; market design; natural gas |
| Description | In this article we focus on the interconnection of the natural gas infrastructure in Eastern Europe. We identify three distinct factors that together deeply influenced the contemporary trends at the regional gas market: the gas crises at the security level, the European energy policy at the policy level, and the unconventional revolution at the economics level. Within this framework, we analyze the contemporary infrastructure development and its contribution to the change in the market design from bilateral long-term arrangements toward hub-based short-term trading. Finally, we elaborate on the additional obstacles that slow down this market transformation as well as identify its “winners” and “losers”. |
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