title: European gas market: Finding a balance between supply and demand sides in the context of the energy crisis
metadata.name: dc.contributor.author
metadata.value: Chernova, Elena G.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Razmanova, Svetlana V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2023-02-07T12:27:41Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2023-02-07T12:27:41Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Chernova, E. G. and Razmanova, S. V. (2022) ‘European gas market: Finding a balance between supply and demand sides in the context of the energy crisisʼ, St Petersburg University Journal of Economic Studies, 38 (4), pp. 497–514. https://doi.org/10.21638/spbu05.2022.401 (In Russian)
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2022.401
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/38996
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Currently, the demand for the supply of liquefied (LNG) and compressed (CNG) gas to the
  EU regional market significantly exceeds its supply. For the past five years, the gas market in
  Europe has been exclusively a buyer’s market, аble to dictate the main demand constraints in
  this market. However, since the autumn of 2021, the trend has changed in favor of suppliers,
  i. e. the supply side. The trend change occurred due to a number of reasons that led to the fact
  that world energy prices rose rapidly, reaching such a high level that entire industries, private
  entrepreneurs and ordinary consumers became insolvent in a short time. The article examines
  the main suppliers of natural gas to the EU countries, analyzes the dynamics of renewable
  and non-renewable sources in the production of electricity in the Europe. The possible delivery
  volumes of major natural gas suppliers, including the supply of compressed and liquefied
  gas, are analyzed. The purpose of the study is to identify the key causes of the current energy
  crisis in the European gas market. The research consists in assessing the factors shaping the
  supply-demand ratio in the regional European gas market in the medium term, as well as in
  answering the question: will Russian gas really not find its buyer in other regional markets? Conclusions are drawn that the current situation of natural gas supplies from Russia to European
  countries should be considered from the standpoint of the existing long-term cooperation
  between Gazprom PJSC and European companies. Otherwise, the European economy
  will feel the negative impact caused by the shortage of supply оn the gas market.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 38; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: compressed natural gas
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: liquefied natural gas
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: energy policy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: energy crisis
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: European Union
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: European gas market: Finding a balance between supply and demand sides in the context of the energy crisis
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 01.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/38996/1/01.pdf
resources.format: Adobe PDF
resources.size: 830,21 kB