Natural Gas World Magazine Volume 2, Issue 8 | Page 3

Table of Contents 19 Gazprom concessions may hit hurdle The European Commission’s competition directorate is taking a gamble by not pursuing financial penalties on Gazprom, according to a paper published by the OIES. 22 Gas usurps coal in US, UK power Market forces in the US and a price floor in the UK show different ways of reaching the same result, even if it is not a matter of policy. 20 Gas, law and politics in Europe With falling demand, one thing making gas more expensive is public funding for pipelines. But building capacity with private finance is unwelcome if it is Russian. 24 Romania’s teething problems Romania’s wholesale gas market was liberalised in April this year. Households are exempt for now while transmission, storage, distribution and supply networks tariffs are all strictly regulated. 26 Turkey struggles with peak-day demand 30 China’s LNG spree raises uncertainties Turkey depends on gas for power generation and rising demand is now above peak-day send-out capacity. Projects to expand flexibility are running late. China’s LNG imports are rising as it tries to curb pollution from over reliance on coal-fired power plants as well as taking advantage of depressed spot prices. 28 Low prices hit India’s upstream 31 Boost for Colombia’s gas Relatively cheap LNG has eased the pressure on India to produce more of its own gas, but it is trying to make terms more attractive for the upstream. Colombia’s gas sector had a big boost following a major discovery by Anadarko, but the fruits of that victory will not be immediately obvious.