Competition or Energy Security in the EU Internal Gas Market: An Assessment of European Commission Decisions on Long-Term Gas Contracts
Article from: OGEL 1 (2011), in Energy Security
Background
This paper assesses European Commission decisions concerning the operations of energy companies and the effect their agreements and their market positions has on the sustenance of competition as well as security of supply in the European Union (EU) internal gas market. The choice of natural gas as the focus for the discussion of the three issues of long-term contracts, competition and energy security is on the basis of the importance of natural gas as a 'second most important fuel in Europe's energy mix'[1] and its use in the domestic and industrial sectors of Europe's energy ...