Structural changes in the European gas industry: causes and consequences
by Patrick Heren
International Journal of Global Energy Issues (IJGEI), Vol. 16, No. 4, 2001

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.

Online publication date: Mon, 18-Aug-2003

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