EU Energy Policy Blog

Obviously, no country wants to depend on ‘insecure’ foreign supplies of an important economic input such as natural gas. However, security of supply has a cost. Therefore, we question whether there is a rational for EU-wide, unique supply security standards as have been implemented recently via the Commission’s new regulation concerning measures to safeguards security of gas supply.

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Nothing has altered the North American natural gas market and its appetite for LNG as severe as the discovery and development of significant unconventional gas sources. Within a couple of years, the supply-demand balance has changed from one of continuous production declines to one of an upcoming surplus.
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