Marc-Antoine Eyl-Mazzega on Global Energy, Valdai Discussion Club
Marc-Antoine Eyl-Mazzega, director of Ifri’s Centre for Energy, discusses various issues related to the energy market, from the strategic move of Russia towards Saudi Arabia and the role of the United States to the recent prices collapses and gas crises.
China’s Quest for Blue Skies: The Astonishing Transformation of the Domestic Gas Market
China’s gas industry has been moving into a new era. China’s natural gas demand has skyrocketed amid a state campaign that encourages coal-to-gas switching. In just two years, China added 75 billion cubic meters (bcm) to global gas demand, the equivalent of the UK gas market, the second largest European market. Despite steadily rising, Chinese gas production has not been able to cope with such a huge increase in demand and gas imports have also surged.
The Next Wave of Global LNG Investment Is Coming
With an annual growth of 10% in 2017 to 290 million tons (Mt) and 8.3% in the first half of 2018, Liquified Natural Gas (LNG) demand is rising faster than expected. Accounting for 44% of global demand growth in 2017, China is the main driver of the growth as the government has made natural gas a key policy choice to reduce air pollution and restructure its high-carbon energy mix.
Nord Stream 2: May Cooler Heads Prevail
Since the announcement of the Nord Stream 2 project in June 2015, the debate around the benefits of this project for Europe is raging, putting forward political, economic and commercial arguments.
The European Gas Market Looking for its Golden Age?
The EU gas policy has to deal with a new landscape on the supply and demand sides. This study examines five major recent evolutions of the EU gas market: the relations with Russia, LNG coming back to Europe, the decrease of Groningen production, the contrasted evolutions of shale gas and the perspectives of EU natural gas demand.
Middle East Oil and Gas Producers: Soon to Be Back in the Lead?
The World Energy Outlook 2013 published by the IEA confirms that despite the rise of unconventional fuels in particular in the US, Middle East will by the mid-2020s retake its place as the world major oil and gas supplier, providing most of the increase in global supplies. Well, there are some big ifs.
The European Gas Market: A Reality Check
With the approach of the 2014 deadline for the completion of a truly European liberalized energy market, there is growing concern on the adequacy of the market structure with the changed economic and geopolitical environment. Market-based and short-term approaches have been fostered for both gas and electricity markets. Energy and climate policies have therefore a primary function in designing the basic rules for these markets to develop.
Towards Gas-on-Gas Competition in Europe from Trends to Reality?
Last week Centrica announced having signed a three-year gas supply contract with Gazprom Marketing and Trading UK entirely priced against UK spot gas market (NBP). This move follows other announcements in the sector, such as EON long-term gas supply contracts renegotiation, which allowed it to almost double its net-profit forecasts for 2012, or BP intention to sell Shaz Deniz II gas with spot-indexed contracts. All major European suppliers have been able to renegotiate long-term oil-indexed contracts with Gazprom lately and, more generally, contracts are increasingly being based on some spot-indexed price formula. How could that happen and what does it mean?
Gazprom and the EU: Raiding the Gas Companies
It was a matter of time before the Commission competition authorities looked into the business arrangements between Gazprom and its European partners. Some would ask why it took so long.
The EU internal market - a stake or a tool in European-Russian gas relations. The case of new member states gas policy
Since 2010 we have observed a new quality in EU energy policy. It is related to the European Commission’s more or less direct engagement in the bilateral gas relations of a part of the new member states - Poland, Bulgaria and Lithuania - with Russia.
The Next Wave of Global LNG Investment Is Coming
With an annual growth of 10% in 2017 to 290 million tons (Mt) and 8.3% in the first half of 2018, Liquified Natural Gas (LNG) demand is rising faster than expected. Accounting for 44% of global demand growth in 2017, China is the main driver of the growth as the government has made natural gas a key policy choice to reduce air pollution and restructure its high-carbon energy mix.
Nord Stream 2: May Cooler Heads Prevail
Since the announcement of the Nord Stream 2 project in June 2015, the debate around the benefits of this project for Europe is raging, putting forward political, economic and commercial arguments.
Middle East Oil and Gas Producers: Soon to Be Back in the Lead?
The World Energy Outlook 2013 published by the IEA confirms that despite the rise of unconventional fuels in particular in the US, Middle East will by the mid-2020s retake its place as the world major oil and gas supplier, providing most of the increase in global supplies. Well, there are some big ifs.
The European Gas Market: A Reality Check
With the approach of the 2014 deadline for the completion of a truly European liberalized energy market, there is growing concern on the adequacy of the market structure with the changed economic and geopolitical environment. Market-based and short-term approaches have been fostered for both gas and electricity markets. Energy and climate policies have therefore a primary function in designing the basic rules for these markets to develop.
Towards Gas-on-Gas Competition in Europe from Trends to Reality?
Last week Centrica announced having signed a three-year gas supply contract with Gazprom Marketing and Trading UK entirely priced against UK spot gas market (NBP). This move follows other announcements in the sector, such as EON long-term gas supply contracts renegotiation, which allowed it to almost double its net-profit forecasts for 2012, or BP intention to sell Shaz Deniz II gas with spot-indexed contracts. All major European suppliers have been able to renegotiate long-term oil-indexed contracts with Gazprom lately and, more generally, contracts are increasingly being based on some spot-indexed price formula. How could that happen and what does it mean?
Gazprom and the EU: Raiding the Gas Companies
It was a matter of time before the Commission competition authorities looked into the business arrangements between Gazprom and its European partners. Some would ask why it took so long.
The EU internal market - a stake or a tool in European-Russian gas relations. The case of new member states gas policy
Since 2010 we have observed a new quality in EU energy policy. It is related to the European Commission’s more or less direct engagement in the bilateral gas relations of a part of the new member states - Poland, Bulgaria and Lithuania - with Russia.
Decoupling the Oil and Gas Prices: Natural Gas Pricing in the Post-Financial Crisis Market
This paper looks into natural gas pricing in the post-financial crisis market and, in particular, examines the question whether the oil-linked gas pricing system has outlived its utility as global gas markets mature and converge more rapidly than expected and as large new resources of unconventional gas shift the gas terms-of-trade.
Rising (Oil-linked) Gas Prices: A Message from Shale Gas
One benefit that should flow soon from large new sources of shale gas that have been and will be unleashed into world markets - is the realization that gas prices linked to oil prices don’t make sense any more.
The EU's Major Electricity and Gas Utilities since Market Liberalization
A major change has taken place in the company structure of the European electricity and gas markets. Twenty years ago, national or regional monopolies dominated the markets and there was strictly no competition between utilities. But since the liberalization of EU energy markets began in the 1990s, companies like E.ON, GDF Suez, EDF, Enel, and RWE have become European giants with activities in a large number of Member States.
Marc-Antoine Eyl-Mazzega on Global Energy, Valdai Discussion Club
Marc-Antoine Eyl-Mazzega, director of Ifri’s Centre for Energy, discusses various issues related to the energy market, from the strategic move of Russia towards Saudi Arabia and the role of the United States to the recent prices collapses and gas crises.
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