EU gas supply security: Unfinished business

EU gas supply security: Unfinished business / Pierre Noël. Electricity Policy Research Group, 2013, 22 p. (EPRG Working Paper 1308)

http://www.eprg.group.cam.ac.uk/wp-content/uploads/2013/05/1308-Full.pdf

Four years after the gas supply crisis of January 2009, this paper looks at the market and policy changes that have changed the European gas situation, and their implications in terms of security of supply. Several positive developments are identified, including the byapssing of Ukraine by Gazprom-sponsored pipelines; the acceleration of import diversification in large markets of western Europe; the process of ‘commoditisation’ of natural gas in northwest Europe. The lack of meaningful progress in market integration between western and eastern-central Europe, however, leaves in place one of the main factors that made the 2009
crisis possible and conferred it its political significance. Overall, the European gas security situation has evolved in a positive direction mainly because of external forces, not EU policies. (© EPRG)


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