Welcome to the ninth EUCERS newsletter – please find in this month’s edition
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NORD STREAM: WHAT DOES IT MEAN FOR EUROPE?
The official inauguration of the Nord Stream pipeline on 8 November heralded the opening of the first direct natural gas supply link between Russia and Europe. Given Europe already receives a quarter of its gas supply from Russia what are the implications for European gas buyers of an additional 55 billion cubic metre (bcm) Russian export corridor? JAMES ALLPRESS, managing editor of European Gas Markets, the leading publication for professionals in the European natural gas sector, looks at the consequences.
ASKING THE WRONG QUESTION: WILL CHINA LEAVE TURKMEN GAS FOR EUROPE?
Global consultants Gaffney, Cline & Associatesconfirmed in October 2011 that Turkmenistan’s South Yolotan fieldcontains 13-21trillion cubic metres (tcm) of gas, significantly more than the 2008 estimate of 4-14 tcm. Ashgabat’s recent decision to triple its gas sales to 65 billion cubic metres (bcm) to China from 2014-2015 has raised question marks whether the Central Asia country will be able to honour previous promises to supply the European market. In this article, GUY LEUNG, an energy analyst and doctoral researcher, argues that although Turkmenistan’s gas strategy has prioritised China, it is evidently willing and able to supply gas to Europe. But the mammoth standing in its way is the Bear, not the Panda.
EUCERS ACTIVITIES
On 12 December 2011 the European Centre for Energy and Resource Security (EUCERS) together with the Central Europe Energy Partners (CEEP) and in cooperation with the Atlantic Council of the US held an event in Berlin. It introduced two new studies on the Future of Clean Coal Technologies and CCS. The presentation in Berlin followed an event in September, where Frank Umbach of EUCERS and Pamela Tomski of the Atlantic Council presented their draft studies for the first time.
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