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Security of Supply for Natural Gas Markets. What is it and What is it not?

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  • Giacomo Luciani

    (Robert Schuman Centre, European University Institute)

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    Abstract

    The issue of security of gas supplies is frequently discussed on the basis of intuitive and non-systematic arguments. Greater import dependence is normally equated with greater insecurity, and strategic stocks are the risk management tool most commonly considered. This paper strives to offer a systematic framework of analysis and shows that import dependence does not necessarily entail greater insecurity – actually, the opposite may well be the case. It also discusses several alternatives to strategic stocks for risk management, which are more interesting and promising.

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    File URL: http://www.feem.it/userfiles/attach/Publication/NDL2004/NDL2004-119.pdf
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    Bibliographic Info

    Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2004.119.

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    Date of creation: Sep 2004
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    Handle: RePEc:fem:femwpa:2004.119

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    Keywords: Natural gas market; Security of supply;

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    Cited by:
    1. Jamil, Faisal, 2012. "Impact of different public E&P policies on natural gas reserves and production in Pakistan," Resources Policy, Elsevier, Elsevier, vol. 37(3), pages 368-374.
    2. Christian Egenhofer & Kyriakos Gialoglou & Giacomo Luciani & Maroeska Boots & Martin Scheepers & Valeria Costantini & Francesco Gracceva & Anil Markandya & Giorgio Vicini, 2004. "Market-based Options for Security of Energy Supply," Working Papers, Fondazione Eni Enrico Mattei 2004.117, Fondazione Eni Enrico Mattei.

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