Жуков С.В., Копытин И.А.
Crisis in the EU Gas Market: Genesis, Dynamics and Prospects // Studies on Russian Economic Development. 2023. Vol. 34, Issue 6. P. 830–841. DOI 10.1134/S1075700723060187.
Тип публикации:
Рубрика:


DOI 10.1134/S1075700723060187

The article analyzes the real-time crisis in the EU natural gas market. It is shown that the crisis began in mid-2021, mainly due to omissions by regulators who set the energy transition too fast and made a mistake when assessing liquidity in the physical gas market. By refusing to conclude long-term contracts for the import of natural gas and opting for the spot market, the EU has made itself dependent on unpredictable price fluctuations for raw materials. The EU seeks at all costs to build a spot market for natural gas, the price of which is determined by the current balance of supply and demand. This goal was set because, within the framework of the climate and energy strategy of the European Union, the gas market is increasingly subordinated to servicing the electricity market. Since the spring of 2022, the development of the EU gas market has moved into a system of coordinates set by political interests and energy security considerations. The main long-term structural shifts in the European gas market were: firstly, an accelerated reorientation to LNG imports; secondly, the strengthening of the downward trend in demand; thirdly, the transition of gas prices to a higher level. Higher gas prices push up electricity prices, allowing governments to mobilize the additional financial resources needed to accelerate the green and energy transition. The forced restructuring of the European gas market and the electricity market launched the process of deindustrialization of the industrial core of the EU. The threat of deindustrialization is forcing EU member states to look for ways of non-market support for national industry, which, in principle, can push centrifugal tendencies in the EU.


Ключевые слова: natural gas market | supply shock | demand destruction | spot | long-term contracts | crisis | pipeline gas | LNG | energy transition | deindustrialization | European Union |


Ссылка при цитировании:

Zhukov S., Kopytin I. Crisis in the EU Gas Market: Genesis, Dynamics and Prospects. – Studies on Russian Economic Development. 2023. Vol. 34, Issue 6. P. 830–841. DOI 10.1134/S1075700723060187.




ДРУГИЕ ПУБЛИКАЦИИ НА ЭТУ ТЕМУ:

Сергеев П.А.
Aggregation of demand and joint purchases system for natural gas in the European Union and global energy supply problems // World & New World Journal. 2023. URL: https://www.worldnewworld.com/page/content.php?no=988. Date of publication: 14.08.2023.

Иллерицкий Н.И.
Issues of Natural Gas Infrastructure Development in South-Eastern Europe [Text] / G. O. Khalova, E. A. Isayeva, N. I. Illeritsky, V. A. Smirnova // International Journal of Energy Economics and Policy. – 2019. – Vol. 9. – Issue 6. – P. 415-420. DOI: 10.32479/ijeep.8548.

Капелюшников Р.И.
The Russian labor market: Long-term trends and short-term fluctuations // Russian Journal of Economics. 2023. Vol. 9, Issue 3. P. 245-270. DOI 10.32609/j.ruje.9.113503.

Иллерицкий Н.И.
Republic of Turkey gas complex development: Problems and prospects [Text] / G. O. Khalova, N. Y. Sopilko, N. I. Illeritsky // International Journal of Energy Economics and Policy. – 2019. – Vol. 9. – Issue 1. – P. 237-243. DOI: 10.32479/ijeep.7344.

Сергеев П.А.
European Union industrial policy and gas supply in the anti-russian sanctions strengthening // Матрица научного познания : научный электронный журнал. 2022. Issue 3-2. P. 51-53. URL: https://os-russia.com/SBORNIKI/MNP-2022-03-2.pdf. Дата публикации: 30.03.2022.

Жуков С.В., Резникова О.Б.
Energy Transition in the United States, Europe and China: Latest Trends // Studies on Russian Economic Development. 2023. Vol. 34, Issue 4. P. 439-449. DOI 10.1134/S1075700723040160.

Иллерицкий Н.И.
Prospects for the construction of the poseidon gas pipeline as a factor in supplying the needs of the southern Europe countries with natural gas [Text] / G. O. Khalova, N. I. Illeritskiy, V. A. Smirnova // International Journal of Energy Economics and Policy. – 2019. – Vol. 9. – Issue 1. – P. 143-148. DOI: 10.32479/ijeep.7093

Сергеев П.А.
Industrial Policy, Green Energy of the European Union and Long-Term Regional Developement Problems // World & New World Journal. 2023. URL: https://www.worldnewworld.com/page/content.php?no=457. Date of publication: 09.05.2023.

Копытин И.А., Масленников А.О., Жуков С.В.
Europe in World Natural Gas Market: International Transmission of European Price Shocks // International Journal of Energy Economics and Policy. 2022. Vol. 12, Issue 3. P. 8-15. DOI 10.32479/ijeep.12941.

Данилин И.В.
The Impact of the COVID Crisis on the Innovative Potential of China’s Internet Platforms // Herald of the Russian Academy of Sciences. 2020. Vol. 90, Issue 6. P. 779-788. DOI 10.1134/S1019331620060271.

Сергеев П.А.
European Union industrial policy and gas supply in the Anti-Russian sanctions strengthening // World & New World Journal. 2023. URL: https://www.worldnewworld.com/page/content.php?no=2. Date of publication: 10.03.2023.

Арбатова Н.К.
Russia and the European Union: Deferred Partnership // Social Sciences : A Quarterly Journal of the Russian Academy of Sciences. 2021. Vol. 52, Issue 3. P. 34-52. DOI 10.21557/SSC.69990128.

Симония Н.А.
The European Union's energy security and Russia [Text] / N. Simoniya, A. Torkunov // Social Sciences. Quarterly Journal of the Russian Academy of Sciences. – 2015. – V. 46. –  Issue 2. – Р. 78 – 89.

Арбатова Н.К.
Russia and the European Union: Deferred Partnership // Social Sciences. 2021. Vol. 52, Issue 3. P. 34-52. DOI 10.21557/SSC.69990128.

Габарта А.А., Коммиссарова Ж., Волков А.М.
European Union // Bulatov, A. (ed.) World Economy and International Business. Contributions to Economics book series. Springer, Cham. 2023. P. 299-336. DOI 10.1007/978-3-031-20328-2_16.

Капелюшников Р.И.
The phantom of technological unemployment [Text] / R. Kapeliushnikov // Russian Journal of Economics. – 2019. – Vol. 5. – Issue 1. – P. 88-116. DOI: 10.32609/j.ruje.5.35507.

Копытин И.А., Масленников А.О., Синицын М.В., Жуков С.В., Золина С.А.
Will carbon tax constrain oil production in Сanada? // Solovev D. (ed.) Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production. FarEastСon 2018. SIST book series. Springer, Cham. 2020. Vol. 138. С. 793-803. DOI 10.1007/978-3-030-15577-3_73.

Капелюшников Р.И.
Whither modern economics? Subjective semi-sociological observations [Text] / Rostislav Kapeliushnikov Rostislav // Russian Journal of Economics. – 2018. – Vol. 4. – Issue 3. – P. 285-304. DOI: 10.3897/j.ruje.4.30171.

Клинова М.В., Сидорова Е.А.
Economic Sanctions and Their Impact on Russian Economic Relations with the European Union [Text] / M. Klinova, E. Sidorova // Problems of Economic Transition. – 2016. – Vol. 58. – № 3. – P. 218 – 234.

Арбатова Н.К.
European Union in a Polycentric World: What Next? // The European - Security and Defence Union. 2020. Issue 34. P. 20-21.
Еще публикации по теме


Комментарии (0)

Нет комментариев

Добавить комментарий







Актуальные комментарии
Новости Института
17.06.2024

Станислав Жуков выступил с докладом «Пространство энергетических диалогов: новые возможности и вызовы для России» на основной пленарной сессии Энергетического форума–2024 (МАЭФ–2024).

подробнее...

17.06.2024

Сотрудники ИМЭМО РАН приняли участие в научной конференции «Партийный ландшафт и политический облик Европы: история и современность» и выступили с докладами.

Вышли из печати