Title:
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Impacts of market liberalisation on the EU gas industry: the Shared Analysis project Energy Policy in Europe and Prospects to 2020 Volume No. 9
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Author(s):
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Published by:
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Publication date:
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ECN
Policy Studies
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1-10-1999
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ECN report number:
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Document type:
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ECN-C--99-083
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ECN publication
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Number of pages:
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Full text:
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55
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Download PDF
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Abstract:
This final report presents the results of the analyses at relevant trendsand features in the EU gas market enabling or limiting more competition. The
study focuses in particular on the possible impacts of the implementation of
the EU Gas Directive and subsequently of the expected effects of increasing
competition and further integration of gas markets in Europe. The study is
conducted in the framework of the Shared Analysis project entitled 'Economic
Foundations for Energy Policy', coordinated by FhG-ISI and prepared for the
European Commission Directorate General for Energy. The report contains an
analysis of the recent changes in the structure of gas demand and the supply
and its consequences for enhancement of competition in the EU gas market. lt
discusses the role of growing gas demand, changing structure of the supply
industry and access to the network. Next, the implementation of the EU Gas
Directive is discussed. In order to deal with the uncertainty in the results
of the implementation process, two extreme institutional scenarios for future
development of the liberalisation process in the EU gas markets are
formulated. Finally, the consequences of these two gas market liberalisation
scenarios are analysed. Note that part of the conclusions of the expected
effects of the Directive, i.e. the expected changes in gas prices and market
structures, are based on a model analysis. However, it should be clear that
at this stage our conclusions presented in this report are still of a
tentative nature. Note also that the final report is based on an extensive
collection of EU gas market data both on country and company level, which was
described in the first interim report entitled 'The natural gas market in the
European Union'. A second interim report was drafted with an energy policy
interpretation of the analyses of data and developments over the past ten
years. Furthermore, at this moment, facts, opinions and available data are
rapidly changing in the beginning of the transition period and the bulk of
the work was conducted in the second half of 1998. Therefore it was
impossible to include all the latest details of the EU gas market in
sufficient detail, particularly given the limited scope of this sub-task of
the Shared Analysis. 26 refs.
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