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Views on Energy News
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11 April 2019
 
Posted by Victoria Di Pace

The evolution of battery-powered vehicles

The coming of battery-powered cars has a long history. In 1799, the Italian Alessandro Volta established the scientific principles regarding storage of electricity in electrochemical form by putting two different types of metals—electrodes and the electrolytes—into contact, which led to the creation of the first electric cell. In 1859, the French physicist Gaston Planté developed the first acid battery. Electric vehicles (EVs) appeared with the advent of the automobile and accounted for one third of vehicles in the United States in the 1900s, before being displaced by more competitive internal combustion engines (ICEs) (1).

In recent years, there has been a rekindling of interest in EVs, as governments look to tackle carbon emissions from transportation sectors, contributing over 20% of total global emissions (2). The quest for energy independence and technological ownership are also factors driving government support for EVs (3). Norway and California have implemented subsidy programmes towards such ends. The United Kingdom and France have recently announced that they will ban the sale of fossil-fuel automobiles after 2040.

08 April 2019
 
Posted by Edouard Lotz

Within the European Union (EU), one of the key aspects of its energy strategy is to ensure the security of supply. This objective was introduced in the 2007 Lisbon Treaty, in its article 176A:

“The Union policy on energy shall aim, in a spirit of solidarity between Member States, to ... ensure security of energy supply in the Union” (1).

As a significant portion of the energy consumed in Europe is imported from Russia, it is crucial for the EU to reduce its dependency. The Lisbon Treaty vows to procure to the EU a roadmap to build a resilient energy network within its territory, as well as to diversify import channels.

10 January 2019
 
Posted by Dr Mamdouh G. Salameh

The global oil market and its leaders

2018 had seen oil prices buffeted by bullish and bearish influences with oil prices seesawing from $66.87 a barrel on the first day of the year, to a high of $87 in early November then slumping before Christmas to a disappointing $54.10.

Who gets what?

But there were other forces at play that significantly influenced the price of oil in 2018. These forces were personalities whose decisions, utterances and in some cases farsightedness impacted directly on oil prices and the global oil market and may equally do so in 2019 as well.

20 November 2018
 
Posted by Dr Mamdouh G. Salameh

The Founding of OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) is an intergovernmental organisation of 15 nations founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia and Venezuela) and headquartered since 1965 in Vienna, Austria. OPEC accounts for an estimated 42.6% of global oil production and 71.8% of the world’s proven oil reserves giving it a major influence on the global oil market and prices that were previously controlled by the so-called “Seven Sisters” (Exxon, Mobil, Chevron, Gulf Oil, Texaco, BP & Shell) cartel of the world’s largest multinational oil companies.

Research & Publications
6
Dr Mamdouh G. Salameh
RCEM Working Papers

The great rivalry between the United States and China will shape the 21st century. It is a truth universally acknowledged that a great power will never voluntarily surrender pride of place to a challenger. The United States is the pre-eminent great power. China is now its challenger. 

“The only indispensable superpower” is also a super-indebted power, and its biggest creditor happens to be its presumed chief strategic rival. Is it logical and workable to encircle one’s own banker militarily?

Prof. Michael Jefferson
Published Papers

For over forty years energy expectations have been riddled with internal contradictions, and all too often a failure to recognise complexity, the nature and scale of the challenges to be faced, and resultant uncertainty. Key elements of Shell’s “World of Internal Contradictions” scenario, issued 

Matsumoto, K., Ming-Zhi Gao, A.
Books

Economic instruments, particularly carbon tax and emissions trading scheme (ETS), have recently attracted the most attention to combat climate change because of their cost efficency to reduce emissions. Introducing these in Asia, where most of the countries do not currently have emission reduction. 

Prof. Michael Jefferson
Reports & others

Author: Prof. Michael Jefferson, Editor of the journal Energy Policy; Affiliate Professor, ESCP Europe; Professor, University of Buckingham.

Special Issues

Journal: Energy Policy

Guest-editors: Dr. Kostas AndriosopoulosProf. Constantin Zopounidis, Dr. Michael Doumpos, Dr. Spiros Papaefthimiou.

The objective of the Special Issue is to present new research results on the theory and modern practice of modeling and management of energy systems, emphasizing on their policy implications. The areas of interest include, networks design and management, oil and gas, smart grids, production optimization, efficiency analysis, optimization and assessment of renewable and sustainable/green energy systems, environmental issues, risk management, decision-making in the energy markets, and energy pricing, among others.

Cole, O.
Magazines' articles

Magazine: INFO.

Author: Dr. Othman Cole, Assistant Professor of Finance, ESCP Europe.

Newsroom

Centre News
8
18 April 2019

We have entered in an era of significant challenges but also opportunities for the region of South –East Europe when it comes to energy, but what is the future of the region both in the European Union (EU) and globally?

 “South –East Europe will play a pivotal role in the energy sphere in the EU, particularly with Greece and its huge discoveries of natural gas reserves in the Eastern Mediterranean. Also the TurkStream gas pipeline will bring Russian supplies to Turkey and the EU. In addition, the Trans Adriatic Pipeline (TAP) will bring Caspian gas supplies via Turkey into the European Union” says Dr Mamdouh G. Salameh, International Oil Economist; Visiting Professor of Energy Economics at ESCP Europe in London and Speaker at the 4th HAEE Symposium to take place in Athens on 6-8 May, 2019. 

09 April 2019

On 18th March 2019 ESCP Europe's London Campus hosted another of its ‘Re-Thinking Europe’ events, looking at the state of the Brexit process and its impacts.

London Campus Dean and Brexit commentator Professor Simon Mercado was joined by litigator and parliamentarian Lord David Gold and by leading businessman, Tony Matharu to examine the latest developments in the Brexit process. Expert interviews were followed with an open Q&A session around the theme of: 'Brexit: Quo Vadis?' Topics discussed during the event included the likely fate of the Prime Minister’s Brexit deal; the Irish Backstop problem; and the prospects for both a general election and second referendum. 

14 March 2019

René Mauer and Lisa Steigertahl released the “EU Startup Monitor” during the European Commission's annual SME Assembly. The teachings of the only startup study purely based on primary inputs of active European founders, present the most comprehensive overview of the current startup landscape and can help shape Europe’s policies.

The SME Assembly, which took place on 21 November in Graz, Austria, is the most significant event for small and medium-sized enterprises (SMEs) in Europe, and creates the governance structure of the Small Business Act with the network of SME Envoys.

27 February 2019

Young talented students from prestigious universities met at the ESCP Europe's London Campus on 22nd & 23rd February to participate in the 2019 School’s Energy Trading Challenge.

Jointly organised by our 2019 MSc in Energy Management (MEM) students, in collaboration with Smart Global, ESCP Europe, and its Research Centre for Energy Management (RCEM), this year’s challenge sponsored by Glencore provided an excellent platform for students to learn key insights on trading oil and gas products. 

11 February 2019

On 30th January 2019, ESCP Europe Business School hosted the first round of the international case competition on sustainable development and innovation, organised by the Young Leadership Forum student society.

The Young Leadership Forum’s goal is to bring together young and motivated pioneers and leaders to reflect on and propose the solutions to society's most urgent issues. The society focuses on the values of leadership, creativity, innovation and social responsibility. Each year, the YLF organises a competition at four of ESCP Europe’s campuses (London, Madrid, Turin and Paris), and invites fellow students from Europe's leading universities to join. The competition opens with the first round taking place simultaneously in each city. The winners are later invited to the Grand Finale in Paris, taking place this year on 8th March. 

Energy Headlines
23 April 2019
Czech EPH Buys Irish Power Plant
The assets are of strategic importance to the buyer.
23 April 2019
U.S. petroleum product exports set record high in 2018
U.S. exports of total petroleum products set a record high in 2018, reaching an annual average of 5.6 million barrels per day (b/d), an increase of 366,000 b/d from 2017 levels. The three largest petroleum product exports from the United States in 2018 were distillate, propane, and motor gasoline. U.S. exports of motor gasoline (including blending components) and propane reached record highs in 2018, and exports of distillate reached their second-highest volume on record, following the high set in 2017.
23 April 2019
US Apache Cuts Output as Waha Plummets
New Capacity later this year will allow it to access higher-value markets on the Gulf coast.
23 April 2019
Naftogaz to Keep Residential Prices Down
A new pricing mechanism has been agreed with the Ukrainian government.
23 April 2019
Iraq Expects More Iranian Gas, despite US
With the US waiver extension set to expire in June, the question of Iranian gas and power imports looms large.
23 April 2019
Lithuanian Buyer Contests LNG State Aid
Consumers are forced to pay for a service they did not ask for and which damages their business, says a major gas user.
23 April 2019
Gazprom to drill 7 Kovykta Wells in 2019
The project is on track for first exports to China in 2022.

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14 NOVEMBER 2019

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