Croatian Gas Market Facing Challenges after some Liberalisation

Pavao Vujnovac

Pavao Vujnovac

President, PPD, Croatia

Unlike the Western European market, which has diversified supply routes and developed an infrastructure, South Eastern Europe lacks interconnection with a bi-directional flow and access to the LNG market. National markets are relatively small and transmission networks are not harmonised, from a technical and legal point of view. The entire region also depends on one source of gas — Russia. Realising the set goals under such conditions is a complex and time consuming process. Continue reading Croatian Gas Market Facing Challenges after some Liberalisation

Albania’s Gas Master Plan Sets out an Exciting Future

Erlet Shaqe

Erlet Shaqe

Chairman, Albanian Energy Association

Interestingly enough, the gas sector once played an important role in Albania and the country was a relatively large gas producer. In 1982, gas production amounted to one billion cubic metres but has now dropped to mere 0.01 billion cubic metres. It is worth noting that Albania and Kosovo are the only countries in the Western Balkan region which are not connected to international natural gas networks. Continue reading Albania’s Gas Master Plan Sets out an Exciting Future

Ukraine Is Energy Independent in Some Sectors and Awaiting Change in Others

Ukraine, similar to Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Moldova, Montenegro, and Serbia, is a contracting party of the Energy Community, whose goal is to extend the EU internal energy market beyond the European Union, by attracting investment, creating an integrated energy market, securing supply and enhancing competition.

Janez Kopač, director at the Energy Community Secretariat, and Karolina Cegir, a gas expert in the organisation, spoke to Andrew Wrobel, about how Ukraine’s energy sector is integrating with the EU’s. Continue reading Ukraine Is Energy Independent in Some Sectors and Awaiting Change in Others

Europe at Odds over OPAL and Nord Stream 2

Karolina Zubel

Karolina Zubel

Project Manager, CASE, Poland

Despite the uneasy relations between Europe and Moscow, Gazprom’s gas supplies to European consumers set a new record in 2016. Still, Russian gas imports to the EU is a heavily politicised issue that is often attacked from the viewpoint of the security of supply or the environment. While the Nord Stream 1 project was completed with EU backing, and mainly because of the gas crisis which left several EU countries in the cold during 2009, the pipeline’s expansion has left European powers divided. Continue reading Europe at Odds over OPAL and Nord Stream 2

Poland’s LNG Terminal Opens the Door to the CEE Gas Market

Since the very first delivery in December 2015, over two million cubic metres of liquefied natural gas (LNG) have been delivered to the LNG Terminal in Świnoujście, Poland, from Norway and far-off Qatar but, soon perhaps, also from the US. Today, the terminal delivers gas to customers across Poland, but there are opportunities for gas transit to businesses operating in Ukraine, Slovakia, the Czech Republic and Hungary.

Piotr Kuś, Head of the Brussels Business Unit at Gas Transmission Operator, GAZ-SYSTEM, the owner of the LNG Terminal in Świnoujście, talks about the gas market in Poland and the increase in gas supply diversification across Central and Eastern Europe. Continue reading Poland’s LNG Terminal Opens the Door to the CEE Gas Market

After 25 Years of Restructuring, the Romanian Power Sector Is at a Crossroad

Gabriela Baicu

Gabriela Baicu

Associate Professor, Academy of Economic Studies in Bucharest

In November 2016, the Romanian Ministry of Economy posted a preliminary draft of the energy sector 2016-2030 for public consultation, with a year 2050 perspective. It tackles all energy resources such as crude oil, natural gas, coal, biomass and energetic waste, and includes special sections for electricity.  This is, therefore, the occasion for a review of the Romanian power sector and its evolution over the past 25 years. Continue reading After 25 Years of Restructuring, the Romanian Power Sector Is at a Crossroad

Energy Tariff Reform in Ukraine: Estimated Effects and Policy Options

Vasily Astrov

Vasily Astrov

Senior Economist, WIIW, Austria

For a long time, energy sector reforms have been viewed as one of the most important challenges facing Ukraine. Their most visible manifestation so far has been in the steep hikes in energy tariffs for households, to ‘market’ levels, above all for natural gas and central heating. 
Continue reading Energy Tariff Reform in Ukraine: Estimated Effects and Policy Options

The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects

Bryan Jardine

Bryan Jardine

Partner, Wolf Theiss, Romania

The European Commission has been preparing a technical communication that focusses on waste-to-energy (WtE). It aims to explore the opportunities this offers, particularly with regard to the synergies between resource and energy efficiency. The communication was scheduled to be published at the end of 2016 together with the reviewed Renewable Energy Directive. Continue reading The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects

Europe’s Breadbasket Offers Opportunities for Investment and Diversification

Ukraine is known as Europe’s breadbasket and has close to a third of all the arable land area in the whole EU: some 34 million hectares. 70 per cent of that land is highly fertile black soil with a depth of up to six metres deep.

Elena Voloshina, country representative of the International Finance Corporation in Ukraine, spoke to Andrew Wrobel about the challenges and opportunities in the agricultural and energy sectors, where the IFC is strongly engaged in in Ukraine. Continue reading Europe’s Breadbasket Offers Opportunities for Investment and Diversification

Ukraine’s Gas Industry Risks Stagnation Without Investment

Roman Opimakh

Roman Opimakh

Executive Director, Association of Gas Producers of Ukraine

The Concept for Development of Ukraine’s Gas Production Industry by 2020, which was approved by the government in September 2016, predicts that natural gas production should increase to 27 billion cubic metres within four years, compared to the current 20 billion cubic metres. Are these plans feasible? Continue reading Ukraine’s Gas Industry Risks Stagnation Without Investment

Naftogaz: A Good Start Has Slowed But Optimism Remains High

Closeup of pressure meter on natural gas pipeline with people on the background

Ukraine hasn’t bought Russian gas since November 2015. In January 2017, Gazprom charged Naftogaz $5.3 billion for gas it had not purchased, under a take-or-pay clause covering the second through to the fourth quarter of 2016. The applicability of the take-or-pay principle is currently being reviewed by the Arbitration Institute of the Stockholm Chamber of Commerce within the context of the arbitration proceedings between Naftogaz and Gazprom that were initiated in 2014. Naftogaz doesn’t intend to pay the invoice until the final decision has been reached in the arbitration.

Yuriy Vitrenko, Group Chief Commercial Officer at Naftogaz, spoke to Andrew Wrobel, about the reforms of the Ukrainian gas market that have already been introduced and the challenges that the sector is facing now as a result of a slowdown in further reforms. Continue reading Naftogaz: A Good Start Has Slowed But Optimism Remains High