We analyze the potential impacts on the German economy of a complete and permanent shutoff of the remaining Russian natural gas supplies to Europe, accounting for the curtailment of flows through Nord Stream 1 that has already taken place. We find that such a scenario could lead to gas shortages...

This report is designed to assist in the overall review of South Africa’s tax system. The Davis Tax Committee (DTC) was established by the Minister of Finance in 2013 to consider the appropriateness of the current mining tax regime. The DTC’s review takes place within the context of its...

There are few areas of economic policy-making in which the returns to good decisions are so high-and the punishment of bad decisions so cruel-as in the management of natural resource wealth. Rich endowments of oil, gas and minerals have set some countries on courses of sustained and robust...

The market for internationally traded gas has now globalized, assisted by the advent of US LNG from the Lower-48. The volume of flexible LNG has increased sharply since 2016 and was instrumental in the diversion of LNG cargoes to Europe, following the loss of Russian pipeline gas in 2022. In a...

Gas-fired power plants constitute a direct and important link between the gas and the electricity sectors and thus between the Target Models for electricity and gas. As the need for a flexible operation of gas-fired power plants will increase in tomorrow's low-carbon power markets, so also will...