This dissertation was written as part of the MSc in
Energy Law, Business, Regulation and
Policy
at the International Hellenic University.
Europe is facing increasing competition from rapidly growing economies around the world.
As its domestic production declines and its dependency on non
-
EU gas imports increases,
the
EU has started seeking new sources of energy to diversify it
s
energy mix. The current
oversupply of LNG coupled with recent changes in the global LNG market which have
moved the industry away from monopolistic structures
towards competition and liquidity,
made Europe to re
-
examine the opportunities LNG presents
. The emergence of new LNG
players trying to leverage the current market dynamics and optimize their portfolio, is
creating demand for access to LNG import infrastructure. Under these circumstances,
Europe
has adopted certain strategies, so
as
to attract these new players to enter
the
European market. Within the framework of the liberalization of gas market
s regulated TPA
was implemented to LNG import terminals, which is an important policy tool to promote
competition in the markets and
facilitate the entrance of new suppliers. The
EU wants to
become a valuable outlet for LNG and it is in the position to achieve this, since the
infrastructure is available, its regasification capacity is sufficient and its terminals are able
to
respond to
prevailing global LNG market dynamics
. However, the implementation of TPA
to terminals comes along with challenges, such as infrastructural, operational and behavioural drawbacks that
the
EU has to overcome, in order to ultimately benefit from
these new market trends.
Collections
Show Collections