CK Chyong – Energy Policy Research Group

Chi Kong Chyong & Benjamin Hobbs gave a presentation on “Strategic Eurasian Natural Gas Market Model for Energy Security and Policy Analysis: Application to South Stream investment and Ukraine’s gas diversification policy” at the INFORMS Annual Meeting, San Francisco, USA (9 November 2014) | PDF

Chi Kong Chyong was quoted in AzerNews, daily newspaper in Azerbaijan, on his perception about different suppliers of gas to Europe, including Caspian Region, as a solution to EU energy problem due to the crisis in Ukraine. “The Turkish Stream is as about bypassing Ukraine as it is about foreclosing competition from Caspian gas, particular coming from Azerbaijan and […]

CK Chyong and D. Reiner published an article “Time for ‘tough love’ in EU-Ukraine energy relations” in Europe’s World policy journal. Published every 4 months, Europe’s World is the only independent Europe-wide policy journal, produced in association with some 150-plus leading European think tanks and academic institutions. “If the EU is too forgiving in its […]

Chi Kong Chyong was quoted in PenzaNews, an independent on-line news agency in Penza, Russia, on possible perspectives and benefits for Europe by using different gas suppliers, and on the outcomes if Turkish Stream is built in full. “Co-existence between the two (gas suppliers from Russia and Azerbaijan) is not an issue, at least for Europe as the clients […]

Chi Kong Chyong was quoted in Eurasia Review, an independent on-line journal and think tank, on possibilities and challenges for Caspian countries, like Azerbaijan, Turkmenistan, Uzbekistan, and Iran, to be gas suppliers to the EU. The article also appeared in AzerNews and New Europe. “Azerbaijan is perhaps the only supplier in the region able to respond to the EU’s gas […]

Chi Kong Chyong was quoted in an article on Montel website – key information provider for the European energy markets in Norway, – on reasons behind increasing purchases of Russian gas by European Union. “European buyers are playing “intertemporal arbitrage” whereby they dry up gas in their storage facilities and re-inject them when Russian gas prices are lower in […]

C. K. Chyong was quoted in an article “Deeper reforms needed for Ukrainian gas market” published in ICIS website newsletter – the world largest petrochemical market information provider that covers Energy among other subjects. “The Ukraine’s new gas market law will have little impact on the transparency and efficiency of the country’s gas sector if […]

Chi Kong Chyong published an article “Russia’s Gas Pipeline Strategy and Europe’s Alternatives” on EurActiv.com – the leading online media on EU affaires, on July 3, 2015. “Strained relationships between EU and Russia due to the Ukrainian conflict forced Gazprom, Russia’s state gas monopolist, to abandon the idea of controlling pipelines “from wellhead to burner tip”. Gazprom’s new […]

David Reiner and Chi Kong Chyong were quoted in an article “Nord Stream 2 Expansion to Face Political Hurdles“, published by Annemarie Botzki on Interfax Energy website on 7 August 2015. “Nord Stream 2 would be cheaper because it is closer to the new Russian production base in Yamal, which would lower the cost of shipping gas to […]

Chi Kong Chyong and David Reiner published an article “Nord Stream: The Sequel” on 12 August 2015 in EUobserver, an independent online newspaper covering EU affairs and based in Brussels. “The proposal to expand Nord Stream comes amid difficult negotiations on Turkish Stream, which, in December, replaced South Stream as the main transit proposal for […]

Chi Kong Chyong Markets and long-term contracts: The case of Russian gas supplies to Europe Abstract | Non-Technical Summary | PDF

Chi Kong Chyong and Roman Kazmin The Economics of Global LNG Trade: The Case of Atlantic and Pacific Inter-Basin Arbitrage in 2010-2014 Abstract | Non-Technical Summary | PDF

Chi-Kong Chyong gave a presentation “Some Economics of Natural Gas Storage in North West Europe” at the AIEE Energy Symposium on Current and Future Challenges to Energy Security, on 1 December 2016 in Milan, Italy | PDF

Chi-Kong Chyong gave a presentation “EPRG research on large-scale numerical modelling of energy markets” during the meeting with National Infrastructure Commission in Cambridge on 2 March 2017 | PDF

Dr Chyong submitted his comment to the European Commission, Directorate General for Competition in response to the antitrust case AT.39816 — Upstream gas supplies in central and eastern Europe. The full text can be found here. Further details of the DG COMP’s Antitrust case inquiry can be found here.

Chi Kong Chyong published an article “Consequences of Gazprom’s commitments on Central and Eastern European gas markets” on Euractiv website on 11 May 2017. ‘Brussels must look deeper into whether its current regulatory system can provide energy security and fair competition across European gas markets, writes Chi-Kong Chyong‘ The full text can be found here

C.K. Chyong published a book chapter “On the Future of Global LNG Trade and Geopolitics’ in the book ‘The Future of Natural Gas – Markets and Geopolitics’, editors Silvia Colombo, Mohamed El Harrak and Nicolo Sartory (2016). The chapter focuses on the emergence of LNG as one of the fastest growing international traded commodities and on its potential […]

Chi Kong Chyong gave a presentation “Economics of Gazprom’s gas export strategies to Europe” at Eurasian Natural Gas Infrastructure Conference in Milan on 30 May 2017 | PDF

Chi Kong Chyong gave a presentation “An Assessment of Gazprom’s Proposed Commitments Concerning Central and Eastern European Gas Markets” during the meeting of International Energy Unit and Strategic and International Analysis, BEIS, in London on 8 June 2017 | PDF

David Reiner gave a presentation “How ‘Integrated’ is an Integrated Oil and Gas Company (IOC)? Understanding how and why IOCs pursue alternative business models in global natural gas markets” at the Annual International IAEE Conference in Singapore on 19 June 2017 | PDF

Daniel Hach, Chi Kong Chyong, and Stefan Spinler Capacity market design options: A dynamic capacity investment model and a GB case study European Journal of Operational Research, Volume 249, Issue 2, 1 March 2016, Pages 691-705

Chi Kong Chyong and David Reiner Economics and Politics of Shale Gas in Europe Economics of Energy & Environmental Policy, 2015, Volume 4, no.1

Chi Kong Chyong and Benjamin Hobbs Strategic Eurasian natural gas market model for energy security and policy analysis: Formulation and application to South Stream Energy Economics, Volume 44, July 2014, Pages 198-211

Chi Kong Chyong was quoted in the article “US anti-Russia sanctions may have negative impact on European energy security” in PenzaNews Agency on 4 August 2017. “While the exporters of gas – Russia and USA – are looking for more customers in the oversupplied market environment, European energy security is at odds: European gas markets are […]

The UK government has published its strategic assessment and review of GB’s Gas security of supply based on a detailed analysis by CEPA using EPRG’s gas market models. Dr Chi Kong Chyong, EPRG Research Associate & Director of Energy Policy Forum, led the modelling work for this review. A summary of this strategic assessment and […]

Michael Pollitt and Chi-Kong Chyong conducted a study “Brexit and its implications for British and EU Energy and Climate Policy” for Centre on Regulation in Europe (CERRE). It was published by CERRA as a Project Report on 22 November 2017 | PDF

A comment by Chi Kong Chyong regarding the recent price hike in the UK and Europe due to gas supply shortages “Having a market-based solution to a security of supply event, such as the recent one, means that the cost of meeting these unexpected events is as low as possible, while the price for […]

Hao Chen, Chi Kong Chyong, Jia-Ning Kang, Yi-Ming Wei Economic dispatch in the electricity sector in China: potential benefits and challenges ahead Abstract | Non-Technical Summary | PDF

Chi-Kong Chyong gave a presentation “UK & European gas markets: taking stock and looking forward” at BIEE Natural Gas Seminar, in London on 25 October 2018 | PDF

Matthias A. Schnellmann, Chi Kong Chyong, David M. Reiner, Stuart A. Scott Deploying gas power with CCS: The role of operational flexibility, merit order and the future energy system Abstract | Non-Technical Summary | PDF Supplementary information

Michael Pollitt and Chi-Kong Chyong published a report “Europe’s Electricity Market Design: 2030 and beyond” for Center on Regulation in Europe (CERRE) on 10 December 2018. The complete report can be found here

Chi Kong Chyong, Bowei Guo, and David Newbery The impact of a Carbon Tax on the CO2 emissions reduction of wind Abstract | Non-Technical Summary | PDF This WP was first published in January 2019 and was revised in May 2019

Y-M. Wei, H. Chen, C.K. Chyong, J-N. Kang, H. Liao, and B-J. Tang “Economic dispatch savings in the coal-fired power sector: An empirical study of China” Energy Economics, volume 74, pages 330-342, August 2018

Chi Kong Chyong Challenges to the Future of European Single Market in Natural Gas Abstract | Non-Technical Summary | PDF

Chi Kong Chyong European Natural Gas Markets: Taking Stock and Looking Forward Review of Industrial Organization, March 2019, Pages 1-21

Chi Kong Chyong, Michael Pollitt, and Reuben Cruise Can wholesale electricity prices support “subsidy-free” generation investment in Europe? Abstract | Non-Technical Summary | Text Supplementary information

Chi Kong Chyong, David Newbery, and Thomas McCarty A Unit Commitment and Economic Dispatch Model of the GB Electricity Market – Formulation and Application to Hydro Pumped Storage Abstract | Non-Technical Summary | PDF

Matthias Schnellmann, Chi Kong Chyong, David Reiner, Stuart Scott Deploying gas power with CCS: The role of operational flexibility, merit order and the future energy system International Journal of Greenhouse Gas Control, December 2019, Volume 91, 102838

Chi Kong Chyong, Carmen Li, David Reiner, and Fabien Roques A Portfolio approach to wind and solar deployment in Australia Abstract | Non-Technical Summary | Text

K. Chyong, B. Guo, and D. Newbery The impact of a Carbon Tax on the CO2 emissions reduction of wind The Energy Journal, volume 41, issue 1, pages 1-31, 2020 Based on EPRG WP#1904

Pierre Noel and Chi Kong Chyong published an article “How to Break the Logjam Over Nord Stream 2” in Foreign Policy, on 29 April 2021 You can read the article here

Chi Kong Chyong, David M Reiner and Dhruvak Aggarwal Market power and long-term gas contracts: the case of Gazprom in Central and Eastern European Gas Markets Abstract | Non-Technical Summary | Text

Pierre Noel and Chi Kong Chyong published an article “German-American Support for Ukraine After Nord Stream 2 Won’t Be Enough” in The National Interest magazine on 2 August 2021. You can read the article here “

Vassilis M. Charitopoulos, Mathilde Fajardy, Chi Kong Chyong, and David M. Reiner The case of 100% electrification of domestic heat in Great Britain Abstract | Non-Technical Summary | Text Supplementary material

Chi Kong Chyong published an article “Russian gas will fund Putin’s war on Ukraine no matter what decisions Europeans might take” in which he discusses the implications of the Russian invasion of Ukraine. It was published on 8 March 2022 on University of Cambridge website You can read the article here

Chi Kong Chyong, David M Reiner, Dhruvak Aggarwal Market Power and Long-term Gas Contracts: The Case of Gazprom in Central and Eastern European Gas Markets The Energy Journal, Volume 44, Number 1, 2022 Also Published as EPRG WP 2115

PROGRAMME Monday, 27 June 2022 Welcome and AnnouncementsChristopher R. Knittel (MIT)Michael Pollitt (EPRG)Yong Tae Yoon (SNU) KEYNOTE SPEECHPresident & CEO Seung-Il Cheong (KEPCO) KEYNOTE SPEECHCEO & Chairman Dong Hee Jung (KPX) NET-ZERO SCENARIOS OF MAJOR COUNTRIESChaired by David Reiner (EPRG) Kamiar Mohaddes (EPRG) (virtually)Sergey Paltsev (MIT)Jiyong Eom (KAIST) RESTRUCTURING AND REGULATING THE POWER INDUSTRY FOR […]

Chi Kong Chyong, Michael Pollitt, David M. Reiner, Carmen Li Modelling Flexibility Requirements in European 2050 Deep Decarbonisation Scenarios: The role of conventional flexibility and sector coupling options Abstract | Non-Technical Summary | Text

Chi Kong Chyong, David M Reiner, Rebecca Ly, Mathilde Fajardy The economic value of flexible CCS in net-zero electricity systems: The case of the UK Abstract | Non-Technical Summary | Text

David Webbe-Wood, William J. Nuttall, Nikolaos K. Kazantzis, Chi Kong Chyong The Options Value of Blue Hydrogen in a Low Carbon Energy System Abstract | Non-Technical Summary | Text

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