This document is the introduction of the book The European Gas Markets published by Palgrave Macmillan.
The European gas markets are nowadays rapidly changing due to political, commercial and geopolitical evolutions. Te still-uncertain role of gas in the European energy mix after the COP-21 Paris Agreement, the evolution of the EU Energy Union, the EU-Russia gas relations after the Ukraine crisis, the new dynamics of global LNG market and the new supply potential for Europe emerging in areas such as the Eastern Mediterranean are just few examples of these ongoing dynamics.
In this shifting context, both new challenges and new opportunities are emerging for Europe. A clear understanding of these new realities is a fundamental prerequisite to ensure the adoption of the right decisions in both European private and public policy circles.
Featuring a Foreword by Maroš Šefčovič, Vice-President of the European Commission in charge of the Energy Union, this book explores a wide range of issues, such as the role of gas in decarbonizing Europe, the outlook of Europe’s gas demand, supply and pricing, and global LNG dynamics. Country specific studies include Russia, Norway, the Netherlands, and Germany, with regional studies including North Africa and the Eastern Mediterranean. Alongside detailed analysis of this complex sector it also puts forward a set of policy recommendations for the sector’s key stakeholders. This volume will be of interest to researchers and academics, as well as practitioners and professionals within European gas markets.