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The development of EU policies to reduce Russian gas imports and the impacts on the global LNG market
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EU의 탈러시아가스 정책의 추진과 세계 LNG 시장 영향 연구

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Type
Academic journal
Author
Yunji Her (에너지경제연구원) Hyun Jae Doh (에너지경제연구원)
Journal
Korea Energy Economics Institute Korean Energy Economic Review Vol.22 No.1 KCI Accredited Journals
Published
2023.3
Pages
1 - 24 (24page)

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The development of EU policies to reduce Russian gas imports and the impacts on the global LNG market
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In 2022, the EU announced sanctions against Russia and policies to reduce energy dependence on Russia after Russia’s invasion of Ukraine. To reduce Russian gas imports, the EU announced ‘REPowerEU Plan’ and regulations for gas storage and gas consumption reduction. This paper studies the EU policies to reduce Russian gas imports, identifies the policy development progress, and analyzes the impact on the global LNG market. In 2022, the EU had significant achievements in replacing Russian gas imports by importing more LNG, filling gas storage, and reducing gas consumption. Due to spikes in gas spot prices, the European market has turned into a premium gas market and dominated LNG import flows with upsurged demand in 2022. While revived investments in the new liquefaction facilities are actively taking place in 2022-2023, the current tight global LNG supply situation will be sustained until 2025. Korea should consider managing the portfolio of term contracts and including flexibility to secure stable supply and demand. Also, should consider adding a rolling gas storage management plan with a 2-year span, and reduce gas demands through various demand response programs.
#EU 탈러시아가스 정책 #가스공급안보 #세계 LNG 시장 #Gas Dependency #REPowerEU #Gas Supply Security #Global LNG Market

Contents

요약
Ⅰ. 서론
Ⅱ. 2022년 EU의 탈러시아가스 정책 발전과 추진 현황
Ⅲ. 세계 LNG 시장 영향
Ⅳ. 결론 및 시사점
참고문헌
ABSTRACT

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