Kod: 05123511
This study traces the breakdown of market management in European gas markets and the emergence of gas-to-gas competition and liberalized access to networks. A surplus of gas supply and pipeline capacity, combined with institutiona ... więcej
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This study traces the breakdown of market management in European gas markets and the emergence of gas-to-gas competition and liberalized access to networks. A surplus of gas supply and pipeline capacity, combined with institutional change to reduce monopoly power and bring new entrants into the industry, are the most important drivers for change. Gas-to-gas competition at borders is likely to bring down prices to 60-80 per cent of their 1997 levels, particularly in northwest Europe which will see the most intense early competition. The study concludes that the diversity of national liberalization initiatives adopted in major European countries will be more important than the European Union's Gas Directive.
Kategoria Książki po angielsku Economics, finance, business & management Economics International economics
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