Natural Gas Market

East Mediterranean Natural Gas Markets-2023: in Search of Development Pathways

Posted in Analysis, CEDIGAZ Insights, Natural Gas Market on

Amidst the gas supply crisis aftermath in Europe and with global spot gas prices remaining in the double-digit range for the past years, the EastMed natural gas sector has been attracting growing attention from major producers, investors, and potential gas buyers. With vast reserves amounting to trillions of cubic meters, the EastMed countries hold the potential to bolster their own energy security and expand global gas export capabilities alleviating pressure in the tight gas market.

The latest CEDIGAZ report “East Mediterranean Natural Gas Markets-2023: in Search of Development Pathways” authored by Alexander Kislov and Gina Cohen, presents a thorough analysis of the development of the EastMed natural gas province, examining the most recent advancements in Egypt, Israel, Türkiye, Cyprus, Jordan, and Lebanon, and perspectives of new large-scale gas exports projects.  While the future of the EastMed natural gas province is contingent on various factors, the detailed information and complete data presented in the report provide an opportunity to outline the potential outcomes and contours of the EastMed puzzle.

Could Russian pipeline gas return to Europe?

An analysis of EU-Russian Long-Term Gas Contracts

Posted in Long Term Contracts, Natural Gas Market, Supply contracts by pipelines on

The European Union’s ambitious plans to cut Russian gas from its energy mix by 2027, following the aggression of Ukraine, have stirred significant uncertainty around the future of long-term gas supply contracts with Russia’s state-owned Gazprom.

According to the Cedigaz database on long-term pipeline contracts, more than 100 billion cubic meters of gas are tied up in agreements between Gazprom and European buyers, most not expiring before 2030 to 2035.

This begs a pivotal question: could Russian pipeline gas flow back to Europe under these contracts?

Russian gas in Europe: Yesterday, Today, Tomorrow.

Posted in Analysis, CEDIGAZ Insights, Country Report, LNG Markets, Natural Gas Market, News on

An in-depth analysis of recent developments and prospects in Europe-Russia gas relations

 With quality information from Russia getting increasingly scarce, the Russian natural gas market has become more and more of a black box. In its latest report “Russian gas in Europe: Yesterday, Today, Tomorrow. An in-depth analysis of recent developments and prospects in Europe-Russia gas relations”, CEDIGAZ tracks the unprecedented changes between glorious “yesterday” (2018-2021), gloomy “today” (2022-Q1 2023) of Russian gas (both pipeline and LNG) in Europe, including the evolution of the European countries’ dependence on Russian gas, using data still available. The report also discusses possible futures for Russian gas in Europe after 2023 (“tomorrow”) – given new inputs, including selected pipeline export routes limitations, the Turkish natural gas hub initiative, and Russian LNG project developments.