The Bosphorus Energy Club | 2014 February
archive,date,ajax_leftright,page_not_loaded,,wpb-js-composer js-comp-ver-5.0.1,vc_non_responsive

February 2014

Energy Futures Network


FEBRUARY 2014 - Dieter HELM -  -  Why are electricity prices so politically toxic?1 - The price of electricity has become a centerpiece of political debate. It provides a focus for a whole set of political concerns and prejudices. It directly impacts on household budgets and hence highlights the “squeezed middle”. Electricity is provided by big companies¾hitting the “fat cats” and “monopoly capitalism”  buttons. It is essential to modern life, and just like cash machines, we fear what happens when its supply is interrupted. 2 - These general worries encourage an altogether more immediate political dimension when there are accusations of profiteering. When...

Natural Gas in the Turkish Domestic Energy Market: Policies and Challenges


  Published: | 10th February 2014 | By: Gulmira Rzayeva  Download the Publication from:  Over the past 10 years or so Turkey has featured prominently in the various schemes to open a ‘fourth corridor’ of gas supply to the core European national gas markets.  The grandeur of earlier visions has morphed into a pragmatic and initially more modest scheme to supply 10 Bcm/yr of gas beyond Turkey.  With the Euro-centric political excitement around ‘Nabucco’ on the wane the importance of the Turkish gas market in its own right has been overlooked. In the post financial crisis period it should be noted that Turkey is the only...

Natural Gas Market Developments and Marketing in Europe: Ramifications for the Shah Deniz Consortium

11 February in ENERGY, ENERGY ACADEMY - February 05th, 2014 -  On December 17th of last year, the Shah Deniz consortium announced a final investment decision to sanction development of second phase of the Shah Deniz project, one of the world's largest gas-condensate fields. The FID was a significant breakthrough towards the materialization of the Caspian-gas-to-Europe project and the realization the “Southern Corridor.” The consortium had secured buyers for its gas in September of last year, with agreements to transport slightly more than 10 bcm of gas to Greek, Bulgarian, Albanian and Italian markets starting from 2019 via the dedicated Trans-Anatolian Natural Gas Pipeline (TANAP) and Trans-Adriatic Pipeline (TAP), key...

Energy bills: Who pays the most in Europe?


By Richard Anderson / Business reporter / BBC News Electricity and gas prices vary wildly depending on where you live in Europe High energy bills may top the political agenda in the UK, but households all over Europe are feeling the squeeze.  Since 2010, both gas and electricity prices have risen markedly, largely due to rises in wholesale prices on the back of the tentative global economic recovery and expectations of higher demand. Electricity prices fell in the first half of the year, but this was simply a case of energy suppliers cutting prices after large increases in January. The dip in gas prices has lasted longer,...