IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v39y2011i1p487-492.html
   My bibliography  Save this article

Evolution of the indigenous European oil and gas sources--Recent trends and issues for consideration

Author

Listed:
  • Kavalov, Boyan
  • Petric, Hrvoje
  • Tzimas, Evangelos

Abstract

This communication reviews the oil and natural gas resources, reserves and proved reserves of the European Union (EU) and the European Economic Area (EEA). Experts may apply different methodologies and classifications to assess hydrocarbon deposits, which makes their coherent and sound evaluation a challenging task. The analysis presented in this paper shows that there is variation in reported estimates for the EU and EEA oil and gas proved reserves, which is however relatively small; and EEA holds very small and continuously declining shares of world oil and gas proved reserves, about 1.3% and 2.9%, respectively. Nevertheless, conventional reserves and resources and more importantly unconventional gas resources offer a significant potential to increase the European proved reserves. This however requires the proper mapping and assessment of these sources and a rigorous research and development programme for the exploitation of this untapped potential, which could play a significant role in the security of the European energy supply in the years to come.

Suggested Citation

  • Kavalov, Boyan & Petric, Hrvoje & Tzimas, Evangelos, 2011. "Evolution of the indigenous European oil and gas sources--Recent trends and issues for consideration," Energy Policy, Elsevier, vol. 39(1), pages 487-492, January.
  • Handle: RePEc:eee:enepol:v:39:y:2011:i:1:p:487-492
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(10)00666-X
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. AfDB AfDB, . "AfDB Group Annual Report 2007," Annual Report, African Development Bank, number 63 edited by Koua Louis Kouakou.
    2. Bentley, R.W. & Mannan, S.A. & Wheeler, S.J., 2007. "Assessing the date of the global oil peak: The need to use 2P reserves," Energy Policy, Elsevier, vol. 35(12), pages 6364-6382, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Camargo, Tathiany R. Moreira de & Merschmann, Paulo Roberto de C. & Arroyo, Eveline Vasquez & Szklo, Alexandre, 2014. "Major challenges for developing unconventional gas in Brazil – Will water resources impede the development of the Country׳s industry?," Resources Policy, Elsevier, vol. 41(C), pages 60-71.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jastrzębiec-Witowska, Anna, 2015. "Rolnictwo obywatelskie w USA: studium przypadku stanu Kentucky," Village and Agriculture (Wieś i Rolnictwo), Polish Academy of Sciences (IRWiR PAN), Institute of Rural and Agricultural Development, vol. 4(169).
    2. Jakobsson, Kristofer & Söderbergh, Bengt & Höök, Mikael & Aleklett, Kjell, 2009. "How reasonable are oil production scenarios from public agencies?," Energy Policy, Elsevier, vol. 37(11), pages 4809-4818, November.
    3. Jolanta Kryspin-Watson & John Pollner & Sonja Nieuwejaar, 2008. "Climate Change Adaptation in Europe and Central Asia," World Bank Publications - Reports 25985, The World Bank Group.
    4. Pérez-Martínez, P.J. & Vassallo-Magro, J.M., 2013. "Changes in the external costs of freight surface transport In Spain," Research in Transportation Economics, Elsevier, vol. 42(1), pages 61-76.
    5. Watson, Jim & Scott, Alister, 2009. "New nuclear power in the UK: A strategy for energy security?," Energy Policy, Elsevier, vol. 37(12), pages 5094-5104, December.
    6. Muhongayire, Wivine, 2012. "An Economic Assessment of the Factors Influencing Smallholder Farmers' Access to Formal Credit: A Case Study of Rwamagana District, Rwanda," Research Theses 198522, Collaborative Masters Program in Agricultural and Applied Economics.
    7. Barbieri, Stefano & Edwards, John H.Y., 2017. "Middle-class flight from post-Katrina New Orleans: A theoretical analysis of inequality and schooling," Regional Science and Urban Economics, Elsevier, vol. 64(C), pages 12-29.
    8. Sorrell, Steve & Speirs, Jamie & Bentley, Roger & Brandt, Adam & Miller, Richard, 2010. "Global oil depletion: A review of the evidence," Energy Policy, Elsevier, vol. 38(9), pages 5290-5295, September.
    9. Michela Zanetti & Corrado Costa & Rosa Greco & Stefano Grigolato & Giovanna Ottaviani Aalmo & Raffaele Cavalli, 2017. "How Wood Fuels’ Quality Relates to the Standards: A Class-Modelling Approach," Energies, MDPI, vol. 10(10), pages 1-14, September.
    10. Gimeno, Beatriz & Artal, Manuela & Velasco, Inmaculada & Blanco, Sofía T. & Fernández, Javier, 2017. "Influence of SO2 on CO2 storage for CCS technology: Evaluation of CO2/SO2 co-capture," Applied Energy, Elsevier, vol. 206(C), pages 172-180.
    11. Mercure, Jean-François & Salas, Pablo, 2013. "On the global economic potentials and marginal costs of non-renewable resources and the price of energy commodities," Energy Policy, Elsevier, vol. 63(C), pages 469-483.
    12. Dale, Michael & Krumdieck, Susan & Bodger, Pat, 2011. "Net energy yield from production of conventional oil," Energy Policy, Elsevier, vol. 39(11), pages 7095-7102.
    13. Fantazzini, Dean & Höök, Mikael & Angelantoni, André, 2011. "Global oil risks in the early 21st century," Energy Policy, Elsevier, vol. 39(12), pages 7865-7873.
    14. Nalin Abeysekera & Ananda Wickramasinghe, 2012. "Transforming nobody to somebody: Do transformational leadership and relationship marketing make a difference for sustainable marketing?," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 5(1), pages 31-42.
    15. Sukati, Mphumuzi, 2014. "The South African Bio ethanol blend mandate and its implications on regional agricultural markets and welfare," MPRA Paper 57702, University Library of Munich, Germany.
    16. Esposto, Stefano, 2008. "The possible role of nuclear energy in Italy," Energy Policy, Elsevier, vol. 36(5), pages 1584-1588, May.
    17. Brecha, Robert J., 2012. "Logistic curves, extraction costs and effective peak oil," Energy Policy, Elsevier, vol. 51(C), pages 586-597.
    18. Allwood, Julian M. & Ashby, Michael F. & Gutowski, Timothy G. & Worrell, Ernst, 2011. "Material efficiency: A white paper," Resources, Conservation & Recycling, Elsevier, vol. 55(3), pages 362-381.
    19. Dale, M. & Krumdieck, S. & Bodger, P., 2012. "Global energy modelling — A biophysical approach (GEMBA) part 1: An overview of biophysical economics," Ecological Economics, Elsevier, vol. 73(C), pages 152-157.
    20. Kaplinsky, Raphael & Terheggen, Anne & Tijaja, Julia, 2011. "China as a Final Market: The Gabon Timber and Thai Cassava Value Chains," World Development, Elsevier, vol. 39(7), pages 1177-1190, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:39:y:2011:i:1:p:487-492. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.