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Energy Security and Natural Gas Markets in Europe - Lessons from the EU and the United States (Paperback)
Loot Price: R1,643
Discovery Miles 16 430
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Energy Security and Natural Gas Markets in Europe - Lessons from the EU and the United States (Paperback)
Series: Routledge Studies in Energy Policy
Expected to ship within 12 - 19 working days
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Moving beyond most conventional thinking about energy security in
Europe which revolves around stability of supplies and the
reliability of suppliers, this book presents the history of
European policy-making regarding energy resources, including recent
controversies about shale gas and fracking. Using the United States
as a benchmark, the author tests the hypothesis that EU energy
security is at risk primarily because of a lack of market
integration and cooperation between member states. This lack of
integration still prohibits natural gas to flow freely throughout
the continent, which makes parts of Europe vulnerable in case of
supply disruptions. The book demonstrates that the EU gas market
has been developing at different speeds, leaving the Northwest of
the continent reasonably well integrated, with sufficient trade and
liquidity and different supplies, whereas other parts are less
developed. In these parts of Europe there is a structural lack of
investments in infrastructure, interconnectors, reverse flow
options and storage facilities. Thus, even though substantial
progress has been made in parts of the EU, single source dependency
often prevails, leaving the relevant member states vulnerable to
market power abuse. Detailed comparisons are made of the situations
in the Netherlands and Poland, and of energy policy in the USA. The
book dismantles some of the existing assumptions about the concept
of energy security, and touches upon the level of rhetoric that
features in most energy security and policy debates in Europe.
General
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