Publication details

Natural gas infrastructure and supply patterns in Eastern Europe : Trends and policies

Authors

OSIČKA Jan OCELÍK Petr

Year of publication 2017
Type Article in Periodical
Magazine / Source Energy Sources, Part B : Economics, Planning, and Policy
MU Faculty or unit

Faculty of Social Studies

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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