New Trading Hub Europe (THE): A review

Autor: Tomasz Chrulski

Tytuł artykułu: New Trading Hub Europe (THE): A review

Abstract: There As of 1 October 2021, the existing market areas in Germany, GASPOOL (GPL) and NetConnect Germany (NCG), have been merged into a new German national gas market called Trading Hub Europe, or THE for short. This market, as a result of the merger, could become a competitive and even the most important gas hub in the European gas market. The background to this is that the transmission and storage infrastructure in Germany is very well developed. Another fact is the fact that Germany in 2021 consumed the most natural gas in comparison with other European countries. This article presents a review of the literature on gas hub and specifically examines the new gas hub in Germany. Natural gas prices on THE in the early days of its launch indicated that they were not out of line with prices on other European gas hubs. The article notes the fact of the merger and reminds other developing European countries of the importance of having their own gas hub.

Key words: THE, European Gas Hub, natural gas, ENTSOG

Numer DOI artykułu: 

Strony 25-32

Pobierz cały artykuł

BIBLIOGRAFIA:

1. International Energy Agency, Paris (2013)
2. https://www.ceer.eu/documents/104400/-/-/06c748a0-6867-e345-f25e-ab0fe7ee9d5b) [Accessed: 2021-10-20].
3. Mirello C., Polo M. The Development of Gas Hubs in Europe. DOI: 10.13140/2.1.4048.2243
4. Third Energy Package-security dilemmas. Vienna Forum on Euopean Energy Law. Paweł Pikus. 2019
5. Costescu A., Manitsas E., Szikszai A. State of implementation of the Third Energy Package in the gas sector. JRC SCIENCE FOR POLICY REPORT, 2018).
6. https://www.reuters.com/article/us-china-gas-exchange-q-a-idUSKBN1EN0I1
7. Fulwood M., The Singaporean natural gas hub: reassembling global production networks and markets in Asia, Journal of Economic Geography, Volume 20, Issue 5, September 2020, Pages 1241–1262, https://doi.org/10.1093/jeg/lbaa011
8. Heather P., European Traded Gas Hubs: German hubs about to merge. The Oxford Insti-tute for Energy Studies. 2021, No. 286084
9. CEGH, https://www.cegh.at/, [Accessed: 2021-10-20].
10. PXE, [Online] https://www.pxe.org/ [Accessed: 2021-10-20].
11. Energy Delta Institute, [Online] https://web.archive.org/web/20140407200551/http://www.energydelta.org/mainmenu/en-ergy-knowledge/country-gas-profiles/country-gas-profile-france
12. EEX, [Online] https://www.eex.com/en/ [Accessed: 2021-10-20
13. Joskow P., Natural Gas: From Shortages to Abundance in the United States. American Eco-nomic Review, vol. 103, no. 3, 2013
14. Joskow P., The Difficult Transition to Competitive Electricity Markets in the U.S. Center for Energy and Environmental Policy Research, 2003.
15. Fang-Yu L., Ryvak M., Sayeed S., Zhao N., The role of natural gas as a primary fuel in the near future, including comparisons of acquisition, transmission and waste handling costs of as with competive alternatives. Chemistry Central Journal 6, S4, 2012.
16. [Online] https://www.europeangashub.com/tag/oxford/ [Accessed: 2021-10-20] 17. EEX Customer information 24/03/2021 [Online] https://www.eex.com/fileadmin/EEX/Markets/Natural_Gas/Trading_Hub_Eu-rope_THE/20210324_EEX_Customer_Information_Further_Information_re-lated_to_the_German_Gas_Market_Merger_on_1_Oct._2021.pdf/ [Accessed: 2021-10-20] New Trading Hub Europe (THE): A review
18. Reuters 2021, [Online] https://www.reuters.com/business/energy/germany-launches-na-tionwide-gas-trading-hub-2021-10-01/)/ [Accessed: 2020-01-12].
19. European Commision, [Online] https://ec.europa.eu/energy/sites/ener/files/docu-ments/quo_vadis_report_16feb18.pdf/ [Accessed: 2021-10-20] 20. Implementation Guide, Trading Hub Europe – implementation Guide: Case Studies ad Ex-planatory Information on the Physical Trading Products Pursuant to Section 25 of the Bal-ancing Group Contact.