Reinforcing Buyer Power: Trade Quotas and Supply Diversification in the EU Natural Gas Market

Ikonnikova, Svetlana; Zwart, Gijsbert

doi:10.2139/ssrn.1593546

Cited by 2 publications

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“…Another study in this area was conducted by Ikonnikova and Zwart (2010). In the study, a market with centralised domestic buyers and centralised foreign sellers is considered, and it is explained that domestic regulations have helped to increase the strength of domestic buyers over foreign sellers.…”

Section: Literature Reviewmentioning

confidence: 99%

Possibility of potential coalitions in gas exports from the Southern Corridor to Europe: a cooperative game theory framework

et al. 2021

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The dependence of European gas imports on Russia has led European countries to consider different ways to compete with Russia. One of the most important of these is the Caspian and Middle East countries, which delivers gas to Turkey via the southern corridor and then to other European countries. The region's gas supplies are still in dispute. One of the main concerns of European countries is to choose the best option for gas supply for this project. Currently, not only Azerbaijan exports to Europe, but other countries are also interested in European countries due to concerns over its ability to continue exporting. Therefore, in addition to Azerbaijan, Iran, Turkmenistan and Iraq are among the main gas supply options in the region. In the present article, with the approach of cooperative game theory, different gas export coalitions from this region to Europe have been investigated and bargaining power of all countries has been obtained through Shapley solution. The results show that Turkey plays the most important role in the gas pipeline network as a transistor, because without this country no area would be able to export gas to Europe. It also appears that the pipelines could increase the bargaining power of one country, which could increase gas transmission capacity without the need for a country other than Turkey.

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Section: Literature Reviewmentioning

confidence: 99%

Possibility of potential coalitions in gas exports from the Southern Corridor to Europe: a cooperative game theory framework

et al. 2021

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“…It has been applied to natural gas by e.g. Hubert and Ikonnikova (2009) and Ikonnikova and Zwart (2010), and to CO 2 emissions by e.g. Albrecht et al (2002).…”

Section: Introductionmentioning

confidence: 99%

International Transport of Captured $$\hbox {CO}_2$$ CO 2 : Who Can Gain and How Much?

Morbee

2014

Environ Resource Econ

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If carbon capture and storage (CCS) is to become a viable option for low-carbon power generation, its deployment will require the construction of dedicated CO 2 transport infrastructure. In a scenario of large-scale deployment of CCS in Europe by 2050, the optimal (cost-minimising) CO 2 transport network would consist of large international bulk pipelines from the main CO 2 source regions to the CO 2 sinks in hydrocarbon fields and saline aquifers, which are mostly located in the North Sea. In this paper, we use a Shapley value approach to analyse the multilateral negotiation process that would be required to develop such jointly optimised CO 2 infrastructure. First, we find that countries with excess storage capacity capture 38-45 % of the benefits of multilateral coordination, implying that the resource rent of a depleted hydrocarbon field (when used for CO 2 storage) is roughly $1 per barrel of original recoverable oil reserves, or $2 per boe (barrel of oil equivalent) of original recoverable gas reserves. This adds 25-600 % to current estimates of CO 2 storage cost. Second, countries with a strategic transit location capture 19 % of the rent in the case of national pipeline monopolies. Liberalisation of CO 2 pipeline construction at EU level could eliminate the transit rent and is shown to reduce by two-thirds the differences between countries in terms of cost per tonne of CO 2 exported. Reaching agreement on such liberalisation may be politically challenging, since the payoffs are shown to be strongly divergent across countries.

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Reinforcing Buyer Power: Trade Quotas and Supply Diversification in the EU Natural Gas Market

Cited by 2 publications

References 50 publications

Possibility of potential coalitions in gas exports from the Southern Corridor to Europe: a cooperative game theory framework

Possibility of potential coalitions in gas exports from the Southern Corridor to Europe: a cooperative game theory framework

International Transport of Captured $$\hbox {CO}_2$$ CO 2 : Who Can Gain and How Much?

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