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Criza gazelor naturale din Europa. Cauze ale aparitiei si evolutia acesteia

Author

Listed:
  • Bulearca, Marius

    (Centrul de Economia Industriei si Serviciilor, Institutul National de Cercetari Economice al Academiei Romane)

  • Muscalu, Mihai-Sabin

    (Centrul de Economia Industriei si Serviciilor, Institutul National de Cercetari Economice al Academiei Romane)

Abstract

Although the war in Ukraine is far from over, currently the natural gas market in Europe is in a state of "apparent calm" as a result, mainly, of the (rather) quick and (somewhat) determined reaction of the Brussels authorities, which aimed to mitigate the consequences of the sudden and uncontrolled increase in natural gas prices. Starting from these considerations, the article aims to carry out an analysis of the causes that led to the emergence of the natural gas crisis, as well as the evolution of their prices at the European level. Thus, the paper extensively studies how natural gas prices have evolved and the effects on the market induced by these developments, on the one hand, as well as how the European Union, as a whole, and the Member States, at the national level, reacted to protect the population, first of all, in the face of the wave of price increases registered as a result of the rapid and economically unjustified increase in the prices of natural gas and, implicitly, of energy. As it is clear that high gas and energy prices are harming EU consumers, whether they are families or businesses, urgent and necessary coordinated measures at the EU level were needed to protect consumers from increased costs; and these aspects were presented in detail in the paper.

Suggested Citation

  • Bulearca, Marius & Muscalu, Mihai-Sabin, 2023. "Criza gazelor naturale din Europa. Cauze ale aparitiei si evolutia acesteia," Studii Economice 230911, Institutul National de Cercetari Economice (INCE).
  • Handle: RePEc:ror:seince:230911
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    Keywords

    natural gas price; price cap; European Union; TTF Amsterdam hub; CEGH Vienna hub;
    All these keywords.

    JEL classification:

    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts

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