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A Comparative Study on the Gas Imbalance Crisis in Europe and Iran
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Mohammad Sadeq Jokar   |
| Assistant Professor, Energy Economics Department, Institute for International Energy Studies (IIES), Tehran- IRAN , ms.jokar@iies.net |
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Abstract: (71 Views) |
The aim of this paper is to examine Europe’s response to the gas imbalance caused by the crisis between Russia and Ukraine, as well as its experience with utilizing FSRUs to overcome the crisis. Using a descriptive method, this paper explores the situation in Europe before the crisis and the current state of the countries, offering lessons for the Islamic Republic of Iran in dealing with seasonal gas imbalances.
Based on the conducted study, the European Union countries imported 134 billion cubic meters of LNG in 2023, accounting for 42% of the EU’s total gas imports. About 75% of the new regasification capacity added in the EU since 2022 consisted of FSRUs.
Given the EU's successful handling of the gas shortage crisis through LNG imports via FSRUs — and considering that these units offer advantages over onshore facilities, such as faster planning, construction, and deployment processes, reduced land space requirements, and lower capital costs (albeit with higher operational costs) — it is recommended that, in light of Iran’s gas imbalance during peak demand in winter and summer, establishing and utilizing such units could be an effective and suitable way to navigate the crisis |
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| Keywords: LNG, Gas imbalance, FSRU, Energy security |
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Full-Text [PDF 573 kb]
(83 Downloads)
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Type of Study: Research |
Subject:
Management
Received: 2024/03/24 | Accepted: 2024/08/15 | Published: 2024/10/31
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