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Baltic Gas Supply Security: Divided We Stand?

Author

Listed:
  • Pierre Noel
  • Sachi Findlater
  • Chi Kong Chyong

Abstract

Estonia, Latvia and Lithuania, depending entirely on Russia for their gas supply, want to invest in gas supply security. The European Commission encourages them to do so by conditioning subsidies to the building of joint regional infrastructure. In the face of serious political and legal hurdles to Baltic gas security co-operation, Brussels' approach might be misguided if it prevents the implementation of workable national policy alternatives. Our calculations show that the Baltic States could insure their gas-fired district heating systems for small security premiums. Each country could insure its entire peak gas consumption against even long-lived disruptions for a premium of about 10% by building a national LNG terminal. A joint Baltic LNG terminal is indeed cheaper in most cases, but only marginally so. We conclude that the Baltic States should go ahead with national solutions.

Suggested Citation

  • Pierre Noel & Sachi Findlater & Chi Kong Chyong, 2013. "Baltic Gas Supply Security: Divided We Stand?," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1).
    • Handle: RePEc:aen:eeepjl:2_1_a01
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    References listed on IDEAS

    as
    1. Florent Silve & Pierre Noël, 2010. "Cost Curves for Gas Supply Security: The Case of Bulgaria," Working Papers EPRG 1031, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    2. Silve, F. & Noel, P., 2010. "Cost Curves for Gas Supply Security: The Case of Bulgaria," Cambridge Working Papers in Economics 1056, Faculty of Economics, University of Cambridge.
    3. Noël, P. & Findlater, S. & Chyong, C. K., 2012. "The Cost of Improving Gas Supply Security in the Baltic States," Cambridge Working Papers in Economics 1204, Faculty of Economics, University of Cambridge.
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    7. Sachi Findlater & Pierre Noël, 2010. "Gas Supply Security in the Baltic States: A Qualitative Assessment," Working Papers EPRG 1008, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
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