Natural Gas Market Of the European Union and Its Impact on the Position of Gazprom in Europe
Natural Gas Market Of the European Union and Its Impact on the Position of Gazprom in Europe

Author(s): Filip Černoch
Subject(s): Energy and Environmental Studies, Economic policy, Environmental and Energy policy, International relations/trade, EU-Accession / EU-DEvelopment, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: Natural gas market; European Union; Gazprom;
Summary/Abstract: Natural gas markets in the EU are characterised by the high level of import dependency resulting from the combination of decreasing indigenous production and stable or increasing demand. Despite significant share of LNG, the EU imports most of its consumption from Norway, Russia and Algeria.The producers in this countries are often state controlled and function in close cooperation with the government (Talus, 2014). Given the accusations of Gazprom misusing gas suppliesas a political tool, the EU faces a challenge how to cope with this company as a significant energy supplier.

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