Browsing by Subject "Energy policy"

Now showing 1 - 6 of 6

Open Access
An analysis of the development and the importance of oil and gas resources in Russia and their relationship to the Russian economic growth and foreign policy
(2008) Kara, Göktuğ
This dissertation analyzes the development of the oil and gas sector in Russia with a view to understand the role of these assets on the formation of Russian state interests and consequent policy prioritization, both at the domestic and the international level. The study identifies economic and political issues on which the influence of the oil and gas resources has been significant. The dissertation elucidates the various links between Russian economic development and revenues from the oil and gas sector, and well as explicit and implicit connections between Russian foreign policy and the oil and gas sector. In the changing world order, strategic manipulation, communication, persuasion and economic incentives became as important as military might or an outright threat in order to shape the outcome of international issues. Following the collapse of the Soviet Union, oil and gas diplomacy, pipeline politics, subsidised energy deliveries, threats to cut-off energy deliveries coloured Russian attempts to revitalize influence throughout the territory of the former Soviet iv Union. Russia today is wedged between net consumers of energy which are competing to secure best terms for their oil and gas deliveries. As the Russian military capabilities fell after 1991, the policy around these vital resources has become the primary drivers of Russian domestic and foreign agenda. Another aim of this analysis is to contribute to the study of international relations by emphasizing its analysis of a state’s domestic agenda’s effect on the international arena. Domestic factors have a crucial relevance to relationships shared by actors at the international level. This dissertation will use Russia’s development of the oil and gas sector as a case for evaluating and understanding the relationship between domestic and international issues.
Open Access
Bidding structure, market efficiency and persistence in a multi-time tariff setting
(Elsevier, 2016) Avci-Surucu, E.; Aydogan, A. K.; Akgul, D.
The purpose of this study is to examine the fractal dynamics of day ahead electricity prices by using parametric and semi parametric approaches for each time zone in a multi-time tariff setting in the framework of bidding strategies, market efficiency and persistence of exogenous shocks. We find that that electricity prices have long term correlation structure for the first and third time zones indicating that market participants bid hyperbolically and not at their marginal costs, market is not weak form efficient at these hours and exogenous shocks to change the mean level of prices will have permanent effect and be effective. On the other hand, for the second time zone we find that price series does not exhibit long term memory. This finding suggests the weak form efficiency of the market in these hours and that market participants bid at their marginal costs. Furthermore this indicates that exogenous shocks will have temporary effect on electricity prices in these hours. These findings constitute an important foundation for policy makers and market participants to develop appropriate electricity price forecasting tools, market monitoring indexes and to conduct ex-ante impact assessment.
Open Access
EU–Russian relations and Turkey's role as an energy corridor
(Routledge, 2009) Tekin, A.; Williams, P. A.
This article analyses the impact of EU–Russian relations on Turkey's role as a corridor for the transit of energy supplies to Europe. While the European Union (EU) has inherent leverage in its collective purchase of most Russian gas exports, market power has shifted in Russia's favour. Russian efforts to build new pipelines and widen downstream access have stimulated EU interest in diversifying energy imports and transit routes. In this sense, the EU has recognised Turkey's potential value as a secure and independent route for importing non-Russian energy supplies, which may in turn have an impact on Turkey's EU accession process.
Open Access
Firms’ strategic preferences, national institutions and the European Union’s internal energy market: a challenge to European integration
(European Communities Studies Association, 2010-11-12) Ipek, P.; Williams, P. A.
Although liberal intergovernmentalism claims that economic interest groups shape national preferences towards integration, while neofunctionalism assumes that these groups support integration for its expected economic benefits, these approaches cannot account for variation in EU integration across policy areas. We employ an analytical framework to explain divergent firm preferences towards integration in the EU-wide internal energy market. Building on Weber and Hallerberg’s (2001) specification of transaction costs and external (competitive) threat as independent variables in their model of divergence in firm preferences towards ‘binding’ EU rules, our analysis incorporates domestic market structure and firms’ international relationships as intervening (contextual) variables. Testing our argument in four cases - Germany, Italy, France and the UK - confirms that distinct national institutions promote divergent attitudes towards the internal energy market because domestic market structures and firms’ international settings respond to transaction costs and external threat in this market within the context of member states’ traditional local models of capitalism. In relation to theories of European integration, this study underscores the importance of varieties of capitalism in preference formation vis-à-vis integration, offering additional insights into the conditions under which national institutions have been influential in response to common external pressures in the energy market.
Open Access
State and substate oil trade: the Turkey‐KRG Deal
(Wiley-Blackwell Publishing, 2016) Özdemir, Volkan; Raszewski, S.
After the U.S. withdrawal from Iraq, there has been increasing tension between the central government in Baghdad and the Erbil‐based Kurdistan Regional Government (KRG) in northern part of the country. Although KRG President Masoud Barzani supported Iraqi Prime Minister Nouri al‐Maliki in the federal elections of 2010, the two sides have been in open conflict over energy projects within the semiautonomous Kurdish region. The KRG is a substate actor in regional relations whose international legal status has not yet been determined. It is important to note that any future determination will undoubtedly hinge on oil and gas resources. Maliki's administration has consistently argued that the Federal Oil Ministry has primary authority over Iraq's oil sector. The KRG has claimed independent authority over energy resources in the region, including the right to sign oil‐field exploration and production contracts within its territory, govern oil fields, and export oil and natural gas. The federal constitution of Iraq regulates the oil revenue‐sharing mechanism and other features related to energy exploration and production. Following from this, all petroleum exported from Iraq should be marketed through the country's State Oil Marketing Organization (SOMO), with the KRG receiving 17 percent of the resulting revenues. However, the regulation of the energy sector in the KRG is unclear.
Open Access
Turkey and EU energy security: the pipeline connection
(Department of Political Science, CEU, 2009) Tekin, A.; Williams, P. A.
[No abstract available]