Competition and Liberalization in European Gas Markets: A Diversity of Models



Download EBOOK Competition and Liberalization in European Gas Markets: A Diversity of Models for freeBook Title: Competition and Liberalization in European Gas Markets: A Diversity of Models
Category: Business, Finance & Law
Language: English
Realese Date: 1 June 1998
Number of Pages: 232 pages
Autor: Jonathan P. Stern
ISBN: 9781862030176

Description of the book "Competition and Liberalization in European Gas Markets: A Diversity of Models"

This study traces the breakdown of market management in European gas markets and the emergence of gas-to-gas competition and liberalized access to networks. A surplus of gas supply and pipeline capacity, combined with institutional change to reduce monopoly power and bring new entrants into the industry, are the most important drivers for change. Gas-to-gas competition at borders is likely to bring down prices to 60-80 per cent of their 1997 levels, particularly in northwest Europe which will see the most intense early competition. The study concludes that the diversity of national liberalization initiatives adopted in major European countries will be more important than the European Union's Gas Directive.
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