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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…
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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…
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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…
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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…
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Oil Market Report - October 2024
…bbl. Oil security in focus Benchmark oil prices bounced sharply higher in early October, as potential oil supply risks once again took centre stage. Escalating tensions between Israel and Iran are fuelling fears of a broader Middle East conflict and disruptions to Iranian exports. Nevertheless, the resolution of a political dispute in Libya that briefly cut its oil exports in half, relatively modest production losses due to major hurricanes sweeping the US Gulf Coast and weak end-user demand have helped to steady markets. At the time of writing, Brent crude oil futures were trading at around $78/bbl, up…
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Energy Policies of IEA Countries: United States 2002
… It finds that US energy policy has an influence on energy policy throughout the world. The 2001 National Energy Policy is an important development. The US is taking unilateral action as an alternative to the Kyoto Protocol. This report urges consideration of legislation on carbon dioxide and adoption of policies allowing international trading in emissions. Strengthening fuel economy standards is an encouraging approach to energy use in transport. Different standards for cars and light trucks should be addressed as a priority. Policies to promote new sources of energy supply should be balanced by continuing effort to enhance efficient use of…
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Oil Market Report - March 2017
…implied refined product stock drawdowns supporting higher throughput. Highlights Having expanded by 1.6 mb/d in 2016, global oil product demand growth is expected to ease back to 1.4 mb/d in 2017. Early indicators of 1Q17 demand support this, with slowdowns seen in January in Japan, Germany, Korea and India.Global oil supplies rose 260 kb/d in February as OPEC and non-OPEC producers pumped more. At 96.52 mb/d, world oil production stood 170 kb/d below a year ago. OPEC posted a year-on-year decline for the second month running. In 2017 non-OPEC output is set to rise…
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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…
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United States' legislation on oil security
…the US Congress amended EPCA in 2000 to establish a separate Northeast Home Heating Oil Reserve (NEHHOR), in an effort to ensure the uninterrupted supply of home heating oil to several US States (Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, New York, Pennsylvania, and New Jersey) in the country’s Northeast (EPCA section 181).Federal and State government activities and responses to all hazards impacting the energy sector are largely consistent with the National Response Framework (NRF), which is prepared by the US Department of Homeland Security (DHS) and serves as a guide for how the United States responds…
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Energy Policies of IEA Countries: United States 2007
…The United States is the largest economy and energy user in the world. Significant developments have taken place in its energy policy since the last IEA review in 2002. Most important is the Energy Policy Act 2005 – a comprehensive energy legislation which has set new directions, including opening the way for a nuclear renaissance. Two closely connected challenges shape all debates on the nation’s energy policy path: how to increase security by reducing the dependence on imported supplies; and how to address growing emissions of greenhouse gases. The United States national strategy is to find solutions largely through technology…