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Structural changes in the European gas industry: causes and consequences

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  • Patrick Heren

Abstract

The imposition of third party access to pipelines under the terms of the European Union's Gas Directive will lead to a radical restructuring of the European natural gas industry (the Directive is summarised in an appendix to the paper). State involvement in the industry will be reduced to a regulatory role. The speed of change will vary from country to country, but will gather pace as the inevitable development of short term gas trading undermines the system of long-term take-or-pay contracts on which the industry has been based since its inception.

Suggested Citation

  • Patrick Heren, 2001. "Structural changes in the European gas industry: causes and consequences," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 16(4), pages 272-286.
    • Handle: RePEc:ids:ijgeni:v:16:y:2001:i:4:p:272-286
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