This event is in the past.
In order to develop the economic potential of the Danube Region, the European Commission proposed an overarching Strategy for the Danube Region. To realise the Strategy, Hungary and the Czech Republic are advancing the project forward as co-coordinators of the Sustainable Energy Priority Area (PA2) of the Strategy.
In light of the on-going legislative debate on the energy infrastructure priorities of the European Union and guidelines for their identification, the EU Strategy for the Danube Region offers the best platform to coordinate and prioritize the needs of the affected Member States regarding energy infrastructures and markets. As part of this process the PA2 organized an Annual Stakeholder Conference in Budapest on 31 May, 2012. In the framework of the PA2 conference would like to introduce a Danube Region Gas Market Model developed by the Regional Centre for Energy Policy Research (REKK) that could serve as basis for the identification of natural gas projects with regional importance.
The objective of the Gas Market Model is to provide support for the development of the Danube Region joint position on natural gas projects of common interests (PCIs). The impacts of new investments into gas transmission pipelines, cross border interconnections, gas storage facilities and their combinations on market integration, prices, liquidity and diversification will be analysed by the Regional Gas Market Model.
The primary task of this study is to create an economic modelling framework that allows for a consistent analysis of interactions between gas infrastructure investment options and consequent gas market development and integration in the Danube Region. Policy recommendations will be formulated for the Commission and the Danube Region governments based on the modelling analyses.
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