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Energy Transport in Turbulent Times: Antecedents, Current Conditions & Future...
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Energy Transport in Turbulent Times: Antecedents, Current Conditions & Future Outlook

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (31 March 2024) | Viewed by 6127

Special Issue Editors

Dr. Nektarios A. Michail

E-Mail Website
Guest Editor
Economic Analysis and Research Department, Central Bank of Cyprus, Cyprus & Department of Commerce, Finance and Shipping, Cyprus University of Technology, Limassol, Cyprus
Interests: economic policy; international economics; maritime economics; econometrics; and financial economics
Special Issues, Collections and Topics in MDPI journals
Dr. Konstantinos D. Melas

E-Mail Website
Guest Editor
1. Department of Economics, University of Western Macedonia, Kastoria, Greece
2. Faculty of Business and Economics, Metropolitan College, Thessaloniki, Greece
Interests: maritime economics; commodity markets; logistics management; corporate finance

Special Issue Information

Dear Colleagues,

The past few years have been particularly volatile for the energy markets, especially when it comes to their supply chain element. At first, the coronavirus crisis created an unprecedented scenario in the global markets since both the demand and the supply side of oil and other fossil fuels was hugely affected by the restrictions enforced in most countries across the world. Following the pandemic, and as countries aimed to reduce their reliance on fossil fuels, the Russia–Ukraine war has led to further restrictions on the flow of natural gas, especially from Russia to Europe. These events caused structural changes in the way energy is transported, and have had a monumental effect on global supply chains. As a result, the combination of changes in the main LNG-exporting countries to Europe, stemming from the rise in geopolitical tensions and risks, combined with an increasing demand for energy, has pushed freight rates for the transport of LNG, crude oil, and petroleum products higher, providing a further boost to energy costs. Thus, in a world of rising fuel demand, the need for a stable source of transport to safeguard energy security becomes a sine qua non for countries, firms, and households.

This Special Issue will collect original research or review articles on the recent developments in energy transport for both fossil fuels and renewables. The preferred subjects for the Special Issue include the latest developments in the fields of energy economics, international trade, finance, logistics, maritime economics, and supply chain management. Both theoretical and empirical research are welcome.

Dr. Nektarios A. Michail
Dr. Konstantinos D. Melas
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

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Published Papers (3 papers)

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Research

16 pages, 1686 KiB  
Article
Liquefied Natural Gas Prices and Their Relationship with a Country’s Energy Mix: A Case Study for Greece
by Christos Bentsos, Demetris Koursaros, Kyriaki G. Louka, Konstantinos D. Melas and Nektarios A. Michail
Energies 2023, 16(22), 7554; https://doi.org/10.3390/en16227554 - 13 Nov 2023
Cited by 1 | Viewed by 1791
Abstract
Using daily data, we investigate the relationship between European LNG prices, carbon prices (CO2), electricity wholesale prices and changes in the electricity sector’s energy mix in Greece, using a vector error correction model (VECM). The results indicate that an increase in [...] Read more.
Using daily data, we investigate the relationship between European LNG prices, carbon prices (CO2), electricity wholesale prices and changes in the electricity sector’s energy mix in Greece, using a vector error correction model (VECM). The results indicate that an increase in the daily average price of natural gas has the expected impact on Greece’s wholesale electricity price. As expected, gas and other fossil fuels act as substitute goods, while higher imports of electricity lower prices and have a negative impact on fossil fuel shares. Interestingly, carbon prices do not appear to have any significant impact on any variables, while the higher production of electricity from renewable sources pushes wholesale electricity prices down. Full article
(This article belongs to the Special Issue Energy Transport in Turbulent Times: Antecedents, Current Conditions & Future Outlook)
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11 pages, 2514 KiB  
Article
Development of the Kinetic Equation of the Groove Corrosion Process for Predicting the Residual Life of Oil-Field Pipelines
by Grigory Popov, Victor Bolobov, Ilia Zhuikov and Vladimir Zlotin
Energies 2023, 16(20), 7067; https://doi.org/10.3390/en16207067 - 12 Oct 2023
Cited by 5 | Viewed by 1108
Abstract
One of the main reasons for oil-field pipeline failure is groove corrosion. The residual life of such pipelines is estimated based on defectoscopy corrosion rate—a ratio of the formed «groove» depth to the pipeline operation start time. In this case, it is supposed [...] Read more.
One of the main reasons for oil-field pipeline failure is groove corrosion. The residual life of such pipelines is estimated based on defectoscopy corrosion rate—a ratio of the formed «groove» depth to the pipeline operation start time. In this case, it is supposed that, in the future, the «groove» will deepen at the same rate for the remaining period of the pipe’s operation. However, sometimes, oil-field pipeline operation experience shows that the remaining time of safe operation is much less than the calculated one. In this article, such a discrepancy is explained via the acceleration of the groove corrosion rate in the process of «groove» deepening due to the increasing level of mechanical stresses in the surrounding metal, which intensifies the corrosion process as a result of the mechanochemical effect. Based on a literature analysis and calculated data, the kinetic equation of the groove corrosion rate for an oil-field pipeline is proposed, which accounts for the acceleration of the process rate as the pipeline is operated and allows the more accurate estimation of its remaining service life. Full article
(This article belongs to the Special Issue Energy Transport in Turbulent Times: Antecedents, Current Conditions & Future Outlook)
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25 pages, 3030 KiB  
Article
Assessing the Impact of Trade Barriers on Energy Use in Turbulent Times: Current Conditions and Future Outlook for Greece
by Gerassimos Bertsatos and Nicholas Tsounis
Energies 2023, 16(15), 5806; https://doi.org/10.3390/en16155806 - 4 Aug 2023
Cited by 2 | Viewed by 1760
Abstract
This paper develops a multi-sector computable general equilibrium (CGE) model with specific features for Greece and the non-EU Rest of the World (RoW). The novelty of this work stems from the lack of energy-focused CGE models for Greece in the current literature. The [...] Read more.
This paper develops a multi-sector computable general equilibrium (CGE) model with specific features for Greece and the non-EU Rest of the World (RoW). The novelty of this work stems from the lack of energy-focused CGE models for Greece in the current literature. The study’s objective is to determine how the Greek economy would react if a 30% import tariff and a quota of 67% on energy imports and 35% on remaining imports were implemented. Furthermore, if quotas and tariffs are in force, the Greek economy will initiate countermeasures by increasing investment in renewable energies through substitution and a 35% subsidy. To quantify this, the 2015 Input-Output (I-O) table for Greece and the non-EU RoW was used. To offer a better understanding, the 36 production sectors have been divided into Agriculture, Energy, Manufacturing, and Services. The quota scenario resulted in a reduction in all sectors in domestic production in terms of output and domestic uses, with some sectors experiencing around a 30% reduction. Renewable energy investments, on the other hand, have proven to be effective for domestic production, increasing output and domestic uses by (6.561%) and (7.886%), respectively. In terms of import tariffs, prices have increased, resulting in a significant decrease in household consumption that exceeds 30% in several sectors. Finally, policy recommendations for addressing these trade barriers and Greece’s renewable energy opportunities are proposed. Full article
(This article belongs to the Special Issue Energy Transport in Turbulent Times: Antecedents, Current Conditions & Future Outlook)
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