-
Oil and Gas Emergency Policy: Czech Republic 2010 update
Oil and Gas Emergency Policy: Czech Republic 2010 update In 2007, the IEA published Oil Supply Security: Emergency Response of IEA Countries. This report provides an overview of the IEA oil emergency response system and a detailed look at the specific systems in each IEA country for responding to an oil supply crisis. The report represented the findings of a five-year review cycle of the emergency response mechanisms in IEA member countries. Since the 2007 publication, the IEA has started a new cycle of reviews which now includes reviewing gas emergency policies. Rather than waiting for the completion of…
-
Czech Republic's legislation on oil security
…s legal oil emergency framework is governed by two acts. The first one is the Act No. 189/1999 on Emergency Stocks (ES) as the main legislation on oil emergency. The second one is the Act No 97/1993 on competence of the Administration of State Material Reserves (ASMR) which deals with the role of ASMR in the oil emergency system. Decree No 165/2013 concerns with the technical aspects of oil emergency stocks. All these documents reflect the Council Directive 2009/119/EC.The Czech Republic is in the process of amendment to the relevant domestic legislation in accordance…
-
Czech Republic Oil Security Policy
…pipeline, which transports crude oil mainly from the Caspian region, is 168 km long (the entire length is 347 km) and its transport capacity usable for the Czech Republic is 200 kb/d. Starting from Vohburg in Germany, the IKL pipeline enters the Czech Republic in the west of the country and ends at the oil depot in Nelahozeves near Prague. The utilisation rate of the IKL in recent years has been about 20-40%. In Vohburg, the IKL pipeline is connected to the TAL pipeline with 868 kb/d capacity, which receives oil via the oil port in Trieste, Italy…
-
Oil Market Report - March 2022
…ICE Brent oil futures slid to around $100/bbl after touching an intraday high of nearly $140/bbl on 8 March. Prices jumped from $90/bbl in early February following the invasion of Ukraine and as supply concerns mounted. Prices have eased again on economic concerns, surging Covid cases in China and traders reducing positions due to extreme volatility. At a crossroads Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads. Russia’s invasion of Ukraine has brought energy security back to the forefront of political agendas as commodity prices…
-
Energy Policies of IEA Countries: Czech Republic 2010 Review
…the European Union. The energy sector plays an important role for the country’s economy and for the regional energy security. Since the last IEA in-depth review in 2005, the Czech Republic has strengthened its energy policy, further liberalised its electricity and gas markets and made laudable efforts to enhance oil and gas security. The Czech government has a unique opportunity to develop coherent and balanced energy and climate strategies as it currently updates its policy documents. The draft State Energy Concept concentrates on energy security and on maintaining the Czech Republic as a net electricity exporter, through a…
-
Oil Market Report - May 2017
…refinery closures in the Middle East, underperformance in Latin America and flat growth in India are not offset by growth in China and Russia. Highlights Weakness in a number of previously solid countries - India, US, Germany and Turkey - curtailed the 1H17 global demand growth estimate by 115 kb/d. Global demand growth is, however, still forecast at 1.3 mb/d in 2017, with demand at 97.9 mb/d.Global oil supply fell by 140 kb/d in April as non-OPEC, and especially Canada, pumped less. At 96.17 mb/d, output stood 90 kb/d below a year ago, even as non-OPEC returned…
-
Oil Market Report - May 2023
…oil demand is forecast to rise by 2.2 mb/d year-on-year in 2023 to an average 102 mb/d, 200 kb/d above last month’s Report. China’s demand recovery continues to surpass expectations, with the country setting an all-time record in March at 16 mb/d. While the OECD is set to return to growth in 2Q23, its average 2023 increase of 350 kb/d pales in comparison with 1.9 mb/d in non-OECD gains.Significant outages in Iraq, Nigeria and Brazil were only partly offset by increases elsewhere, with global oil…
-
Oil Market Report - June 2022
…for nearly 80% of growth next year.Non-OPEC+ is set to lead world supply growth through next year, adding 1.9 mb/d in 2022 and 1.8 mb/d in 2023. As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 mb/d this year, eroding its spare capacity cushion.Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6…
-
Energy Policies of IEA Countries: Czech Republic 2001
…The Czech Republic has only limited energy resources. Coal is still the leading fuel for power generation but its role is declining. This trend will accelerate with the commissioning of a second nuclear power plant, at Temelín. Oil and gas imports have been diversified and the Czech electricity grid has been connected to Western Europe. Emissions of greenhouse gases and pollutants in the Czech Republic have been reduced, but remain higher than average for IEA Europe. There is also room for improvement in energy efficiency, which would contribute to the country's environmental goals as well as enhance its economic…
-
Energy Policies Beyond IEA Countries: Russia 2014
Russia’s energy sector plays an essential role for the Russian economy, its energy security and global hydrocarbon supplies. Russia holds among the world’s largest resources of gas, oil and coal. Its liquids production has reached historical highs, yet major additional upstream investments and technology upgrades will be needed to sustain these levels in the long term. Its gas production is also at high levels, with Gazprom being the dominant producer, and with other companies now taking significant roles. Since the last IEA review of Russia’s energy policies in 2002, the power sector has also liberalised considerably. The…