Archives for : October2017

Romania – a Gas HUB. It is a project for Romanians?

A national project insistently resumed lately is the development of a Gas HUB in Romania. Analyzing the possibility of materialization of this project, we consider that the opportunity was lost a few years ago, and the prospects for implementing a HUB in Romania are reduced. Then, who would benefit from such a project? Corroborating this project with other internal and external trends, we can say that it is a project that could be used to impose a monopoly in the South-East region.

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Hungary’s “perfect” game on the gas market

The construction of single line national transmission systems is no longer an option to develop national transmission systems of a highly dynamic XXI century, with continuous positioning and repositioning of political, strategic or economic nature. The construction of stellar systems with multiple entry and exit points in different directions is the solution of these times, as it creates the possibility of a rapid response to volatility markets.
Analyzing the philosophy behind transmission systems over the last 20 years, we see that stellar systems with multiple interconnections, as well as flexibility to the rapid and massive changes of any gas transmission flows, were the preferred ones. Along with Germany, Austria or Slovakia, Hungary has also resorted to this technique.
Hungary has chosen to play its national interest very well, even risking some sanctions for its withdrawal from some international agreements. It chose to get out of Nabucco project first, when it realized that this move was winning; it also chose to allow Nabucco to alienate all the know-how of the project, and chose to get out of BRUA project when it realized it had the chance to gain more from leaving this project than staying in it.
We will follow two maps containing projects for the development of the gas transmission system in Hungary, according to MEKH-ANRE HU, before and after the announcement of Hungary’s withdrawal from BRUA (1 August 2017).

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Gas market manipulation

The natural gas market liberalized since 2001 has repeatedly gone through manipulative interventions from market players, representatives of some institutions, and last but not least from the authorities. These market manipulations have always yielded important commercial advantages to some companies in the market and never benefited end-consumers.

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Romania’s insularization

Romania’s accession to the EU 10 years ago brought with it innumerable opportunities in the energy sphere, tradition and resources allowing it to claim an important role in the Eastern European region. Romania’s subsequent actions not only buried almost any hope of an important role in the natural gas sector in the region, but it also led to the insularization of Romania in the European gas market.

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Natural Gas Price

The most up-to-date question on a liberalized market is linked to the forecasting of gas prices. Anticipating the gas price trend can be achieved by using mathematical and statistical tools if we have a sufficient amount of data established as a result of the interaction of demand and supply.

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