Law and Policy of the European Gas Market
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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.
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Chapter 3: Setting of relationships with natural gas producers

Monica Waloszyk


Despite visible integration efforts, the European gas market continues to present itself as a two-dimensional market, encompassing a national and a European level. Although the Member States’ gas markets have been opened to competition, they continue to remain different and separated from the neighbouring gas markets. According to Eurostat’s most recent report on EU energy and transport in figures, 60.3 per cent of the EU gas consumption in 2008 was ensured via imports, out of which Russian gas exports accounted for 34 per cent of the total quantity imported. Eurostat figures and the International Energy Agency’s reference scenario show that Europe is heavily dependent on gas imports, which are estimated to grow from 51 per cent in 2000 to 81 per cent in 2030. Fortunately enough, the EU is surrounded by over 60 per cent of world’s gas resources, to which it has access through pipelines or LNG tanks. The EU’s relationship with external gas producers is highly influenced by the geographical distribution of natural gas resources and the specific gas dependencies of the Member States. A quarter of all the energy consumed in the EU is represented by natural gas and almost a fifth of this quantity corresponds to Germany’s inland consumption. Some of the Member States possess natural gas resources and others have the potential to develop unconventional gas.

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