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Unconventional Gas and the European Union: Prospects and Challenges for Competitiveness

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  • Vollebergh, Herman R.J.
  • Eric Drisse, Eric

Abstract

This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy markets. In particular, lower U.S. gas and coal prices have changed relative energy prices both at home and abroad. Finally, competitiveness impacts in some (sub)sectors will be considerable. These impacts are not only related to production based on gas use as a feedstock but also on the ‘byproducts’ from unconventional gas production, such as ethylene, propane and butane. However, several indirect impacts, such as lower coal import prices, may soften the adverse competitiveness impact in the EU.

Suggested Citation

  • Vollebergh, Herman R.J. & Eric Drisse, Eric, "undated". "Unconventional Gas and the European Union: Prospects and Challenges for Competitiveness," Energy: Resources and Markets 196918, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemer:196918
    DOI: 10.22004/ag.econ.196918
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    1. is not listed on IDEAS
    2. Saussay, Aurélien, 2018. "Can the US shale revolution be duplicated in continental Europe? An economic analysis of European shale gas resources," Energy Economics, Elsevier, vol. 69(C), pages 295-306.

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    Keywords

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    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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