EU Energy Policy Blog

The gas crisis that hit European Countries at the beginning of 2009 is now far away from our mind. Officially, the tension in gas supply due to the conflict between Russia and Ukraine ended on January 17th, with resumed deliveries and higher gas prices for Ukraine. On 20 January, supplies to Europe began to flow again. Commission President Barroso welcomed the resumption of deliveries, after a two-week standoff that left millions of East Europeans without heating in the middle of winter. Why the crisis has not been so more severe for European importing countries? Apart form (geo)political stress and diplomatic solutions, there is a bit unknown actor in the backstage of the gas crisis: storage.
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Usually economists only attend conferences for economists. I had recently the opportunity to listen physicists and biologists discussing the energy challenge. It gave me some thoughts on the specific role of economists to save the planet… Continue reading »