Simulating security of supply effects of the Nabucco and South Stream projects for the European natural gas market
Due to the increasing European import dependency, signiﬁcant additional natural gas volumes will be required. In addition to the Nord Stream pipeline, the Nabucco and South Stream pipeline are projects planned for the next decade to provide further gas supplies to the European market. As one of the European Union’s energy policies’ foci is security of supply, the question can be raised if and how these projects contribute to this objective not only in terms of diversiﬁcation but also in case of supply disruptions such as occurred in 2009 during the Russia-Ukraine gas crisis. This paper discusses the impact of these two major gas import pipeline projects on the South-Eastern Europe gas supply and analyzes their eﬀects on gas ﬂows and marginal cost prices in general and in case of gas supply disruptions via Ukraine in a model-based analysis with the European natural gas infrastructure and dispatch model TIGER.
|Date of creation:||27 Dec 2010|
|Date of revision:||21 Jan 2012|
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