Oil and Gas in Eastern Africa: Current Developments and Future Perspectives
The position of oil companies toward East Africa has changed considerably since 2006 when the first reserves in Uganda came to light. However, for many investors interested in the region, it remains difficult to get a clear picture of the scale of developments of this sector.
Gazprom in Europe: a Business Doomed to Fail?
The construction of what is nowadays called European energy policy is an ongoing process that officially started with the creation of the European Coal and Steel Community in 1951, and has not yet been entirely finalized. It took several decades to move from a Community composed of six countries to a policy – not fully fledged – intended to strengthen as much as possible cohesion between 28 EU member states in the energy sector.
Gas Strategy of China: Developing competion between national production and imports
The Chinese gas market is facing four key challenges and the government is elaborating responses which will have implications for the Chinese and world energy markets:
Unconventional Gas: A Game Changer for Transport Too?
A new technology trend, the development of natural gas vehicles, is emerging in the transport sector.
Gas Routes to Europe: Real Needs and Political Jockeying
The Energy Roadmap 2050 released by the Commission in December 2011 says it all: we will need more gas until 2030. Gas represents the default solution for a transition to an energy system with less GHG emissions. It also has great value as a back-up for intermittent renewable power generation. Therefore, stating that Europe still needs large quantities of gas means checking if supply volumes are available to satisfy growing demand.
Dynamics and drivers of shale gas development in three European countries: can a European policy be imagined?
The European Commission introduced in its Work Programme 2013 an action regarding “Environmental climate and energy assessment framework to enable safe and secure unconventional hydrocarbon extraction”.
Trans Caspian Gas: A Worthy Teething Ring for Europe's Energy Diplomats
As an early task in its efforts to build a common external energy policy, the Commission has announced it will turn its attention to bringing the vast gas resources of Turkmenistan to European consumers. This will be an excellent place for the Commission to test its ability to speak with one voice for its polyglot constituency. First, their task may be facilitated by the fact that on this topic, no European voices are yet particularly audible.
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?
The Impact of the Development of Shale Gas in the United States on Europa's Petrochemical Industries
The shale gas revolution has led to strong falls in energy prices, reducing significantly the raw material costs of the US petrochemical industry. Between 2008 and 2012, US gas prices fell by two thirds.
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.
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