Description
European Energy Studies
Volume VII. The Globalization of Natural Gas Markets - New Challenges and Opportunities for Europe
Language: EnglishSubjects for European Energy Studies:
Publication date: 09-2013
167 p. · Hardback
167 p. · Hardback
Description
/li>
The European gas industry has experienced over the last decades an
extraordinary success. A strongly interconnected network of gas pipelines
has been developed inside and around Europe, and the LNG trade has also
expanded rapidly. However, the European gas industry is now facing a
number of new challenges and opportunities, related to both its demand and
supply sides. On the demand side the ambitious EU decarbonisation targets
have led to an unprecedented uncertainty of the EU future gas demand. In
fact, the implementation of a climate-based energy policy in Europe
challenges the role of natural gas in the long-term European energy mix,
also if in the mid-term natural gas could play an important and cost
effective role in the transition towards a low carbon economy. On the
supply side new natural gas supplies are emerging around the world, mainly
because of an increase in global LNG supply and the shale gas revolution
in the United States. This unprecedented shift in the supply/demand
balance is creating new dynamics also in the European gas industry,
regarding both the EU security of gas supply architecture and the EU gas
pricing mechanism. This book provides a comprehensive analysis of all
these challenges and opportunities affecting the European gas industry,
with the aim to provide a clear snapshot of a market characterized by
growing uncertainty and volatility.
© 2024 LAVOISIER S.A.S.