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Ocelík & Osička on transformation of natural gas market(s) in Eastern Europe

Wednesday, March 01, 2017

Petr Ocelík and Jan Osička published an article titled "Natural gas infrastructure and supply patterns in Eastern Europe: Trends and policies" in Energy Sources, Part B: Economics, Planning, and Policy journal. 

In this article Jan and Petr focus on the interconnection of the natural gas infrastructure in Eastern Europe. They 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, they 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, they elaborate on the additional obstacles that slow down this market transformation as well as identify its “winners” and “losers”.

 

Get the article here