Suchergebnisse

The article focuses on the process of restructuring the natural gas market in Europe. It is shown that the transformation of the European gas market is taking place under the decisive influence of the political decision of the European Commission and the governments of the EU largest gas consuming countries, first, to reduce gas consumption as much as possible in the shortest time; second, to replace Russian gas with imports from alternative sources. As both tasks have the highest priority, the EU countries act within the framework of political, not market logic, regardless of significant economic costs. To hedge against very high gas prices EU introduced since 15 February 2023 the market correction mechanism, capping the price of gas from the above. It is also expected the mandatory filling of gas storage facilities to at least 90% of their capacity before the winter season since 2023 would pressure gas prices downwards. Natural gas exporting companies operate within a system of market coordinates and are ready to participate in the process of transforming the European natural gas market only to the extent that does not contradict their economic interests. The politicization of gas cooperation between the EU and the US at the interstate level cannot change the market behavior of companies. Given the uncertainty regarding the perspective demand for gas in Europe, gas exporting companies are interested in concluding long-term contracts for the export-import of gas on a "take or pay" basis. Europe's unwillingness to massively engage into the long-term import-export contracts for LNG and readiness to bear additional costs in the form of elevated gas prices will allow companies in the short-term period to make high profits on the spot market.

The main objective of this research is to discover the idea of innovation of Indonesia's legislation system on food security/seafood which has been heavily influenced by trade relations between Indonesia and the European Union as a group of major importing countries. This is a case study that largely examines and presents trade disputes between Indonesia and some major importing countries, especially with the EU countries as a major group of country importers of fishery products and seafood from Indonesia. The various disputes and complaints found in this case study demonstrate the fact that the marine fisheries sector as one of Indonesia's mainstay sectors has a very potential economic value for the country's foreign exchange earnings. There is a very close relationship between the fisheries sector with the fulfillment of people's living needs as well as the development of the economic sector in general, including food safety aspects. This should be addressed appropriately and efficiently by the government by adjusting and even updating laws and regulations in this sector by the international food standard/food security; given the numerous demands and rejection of most of Indonesia's trading partner countries in this sector. Keyword: Indonesian Fisheries, Policy Reform, Compliance, Food Safety Requirements, Importing Countries.