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Natural Gas Market Liberalisation in the Context of the EU

  • Onur DemirEmail author
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Part of the The Political Economy of the Middle East book series (PEME)

Abstract

In line with the growth assumption in world gross domestic product (GDP), the New Policies Scenario of the International Energy Agency (IEA) envisages an increment of 1.7 billion in population by 2040 translating into an ever-increasing energy demand (more than a quarter) for energy sources. Unlike as recently as 2000 during which Europe and North America accounted for more than 40% of global energy demand, we now have a completely reversed situation that all demand growth comes from developing countries led by India (IEA 2018, 1). The consensus in favour of keeping the EU’s competitive advantage amongst other growing economies around the globe has been the basis for creating a fully functioning and competitive internal gas (and electricity) market via which the EU can ideally create an adequate framework for securing supplies, add an extra 0.6%–0.8% to its GDP by 2020, create employment and downscale inflation as the European Commission (EC 2013) argued. For this, reformative transformation of the EU gas market with the onset of consecutive energy directives since 1998 has been ongoing and the EU has already managed to outline for its members the permissible ownership changes (not least for vertically integrated natural monopolies), industry restructurings and non-discriminatory access of third parties to gas networks.

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  1. 1.OED Consultancy Ltd.LondonUK

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