National Reforms in European Gas (Elsevier Global Energy by M. Arentsen, R. Kunneke

By M. Arentsen, R. Kunneke

Focussing at the swap and improvement of nationwide gasoline markets in Europe, this booklet presents an outline, research and comparability of contemporary dynamics in different nationwide fuel markets, at a time of very quick switch inside of this undefined. This assessment presents a greater realizing of present occasions and destiny evolution within the ecu fuel business.

What could be anticipated on the ecu point given the hot traits and dynamics in nationwide fuel markets in Europe? How did nations reply to the ecu fuel directive and why? What are the real obstacles to a harmonised ecu gasoline marketplace from the viewpoint of nationwide advancements? This booklet tackles those and similar questions.

Written by means of specialists around the box of strength coverage and reform, this e-book might be a useful source for social scientists learning the continued reform method in strength markets in addition to analysts, experts, coverage makers and software businesses worldwide.

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Gas traders can use stored gas to decrease contracted swings, allowing low price gas purchase in summer and high price sales in winter. Further, the storage facility can be leased. These examples point to the economic significance of storage capacity in addition to peak shaving, especially in liberalised gas markets. 2 gives an overview of the storage capacity in different European countries. The table lists storage volume as a percentage of the consumption and the supply capacity of the storage in million mg/day.

Offshore gas fields are quite common. The Continental Shelf in the North Sea is an important European offshore area, producing gas in deep waters and therefore highly demanding for man and technology. Offshore production is more expensive compared with onshore production due to the specialised technological infrastructure needed at sea. In general, gas production either onshore or offshore, needs tremendous investment before the first cubic meter of gas can be produced. For that reason, gas fields are not taken into production without certainty about the sales of the gas.

Gas storage also offers other facilities and flexibility, which are beneficial from an economic point of view. Gas traders can use stored gas to decrease contracted swings, allowing low price gas purchase in summer and high price sales in winter. Further, the storage facility can be leased. These examples point to the economic significance of storage capacity in addition to peak shaving, especially in liberalised gas markets. 2 gives an overview of the storage capacity in different European countries.

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