Law and Policy of the European Gas Market

Law and Policy of the European Gas Market

Monica Waloszyk

Law and Policy of the European Gas Market explores the law and politics of the EU gas market and in particular, the regulatory and competitive choices of institutions and bodies operating on the market, with a view to achieving a higher level of market integration. The book firstly addresses the latest stage in the EU gas market regulatory reform, while critically interpreting the preliminary effects of this reform. Secondly, it provides a comprehensive analysis of the topic due to the fact that it draws both on legislative and political science approaches. Monica Waloszyk concentrates on the latest legal developments on the EU gas market, while taking into consideration the geopolitical environment surrounding and fuelling such developments. Her insightful conclusions contribute to the discussion of the reassessment of the concurrent application of competition law and regulation in the EU gas market.

Chapter 7: Conclusion

Monica Waloszyk

Subjects: economics and finance, energy economics, environment, energy policy and regulation, law - academic, energy law, european law, regulation and governance


It has been shown in the above how the development of the European legislation addressing the single EU gas market is influenced by the constantly evolving geopolitical environment, which serves as its background. Here the regulatory preferences of third-country suppliers, Member States’ different levels of gas import dependencies and attachment to traditional gas market relationships, and the rigidity and scarcity of the gas pipeline grids interact with a weak energy regulator, with questionable abilities to foster market interconnection and integration, and a European Commission with redefined gas market competences, whose ambition for retaining an overall control of the market appears to have contributed to the undermining of its internal gas market project. The coexistence of law and politics in the EU gas market acts as the main cause and facilitating factor for gas market regulation choices and influences the adoption and evolution of the afferent gas legislative framework and institutional arrangements. This is primarily reflected in the current EU gas market structure and EU gas market design. The EU gas market structure continues to entail both a national and a European dimension. It has been shown that the weak interconnection among Member States’ gas markets and the lack of an energy external representation of the EU render the bidimensional European gas market problematic. Hence, in time it is advisable that the EU reinforces its ability to speak with one voice with regard to external energy matters.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information