The Wrong Direction?
August 2018

August 2018

Source: Gas International

Liberalization of the EU gas market started in the 1990s with the adoption of the first Gas Directive, and has since progressed to a relatively advanced stage, in particular since the introduction of the Third Energy Package (“TEP”) in 2009. It has reached a state at which many market participants and market observers now agree that the market is working very effectively. Notwithstanding this progress, the European Commission has recently suggested an amendment to the Gas Directive, which aims to extend EU regulation to cover external gas-supply pipelines that connect to the single EU gas market and supply it with gas-import volumes from third-party countries. In this article, Annette Berkhahn Blyhammar, Yvonne Fuller and Michael Kruse of Arthur D. Little, explain why they believe the proposed amendment to the EU Gas Directive is unlikely to achieve its objectives.