Energy Security and Natural Gas Markets in Europe: Lessons from the EU and the United States, 1st Edition (Hardback) book cover

Energy Security and Natural Gas Markets in Europe

Lessons from the EU and the United States, 1st Edition

By Tim Boersma

Routledge

196 pages | 16 B/W Illus.

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Description

Moving beyond most conventional thinking about energy security in Europe which revolves around stability of supplies and the reliability of suppliers, this book presents the history of European policy-making regarding energy resources, including recent controversies about shale gas and fracking. Using the United States as a benchmark, the author tests the hypothesis that EU energy security is at risk primarily because of a lack of market integration and cooperation between member states. This lack of integration still prohibits natural gas to flow freely throughout the continent, which makes parts of Europe vulnerable in case of supply disruptions.

The book demonstrates that the EU gas market has been developing at different speeds, leaving the Northwest of the continent reasonably well integrated, with sufficient trade and liquidity and different supplies, whereas other parts are less developed. In these parts of Europe there is a structural lack of investments in infrastructure, interconnectors, reverse flow options and storage facilities. Thus, even though substantial progress has been made in parts of the EU, single source dependency often prevails, leaving the relevant member states vulnerable to market power abuse. Detailed comparisons are made of the situations in the Netherlands and Poland, and of energy policy in the USA. The book dismantles some of the existing assumptions about the concept of energy security, and touches upon the level of rhetoric that features in most energy security and policy debates in Europe.

Reviews

"Tim Boersma offers a thorough analysis of the institutional design of the EU energy market and whether it can provide the desired energy security… This book questions many assumptions that have been endorsed by the mainstream EU Studies. It spots the fundamental flaw of ‘functionalist thinking’ that assumes that once market trade provisions are in place, they spill over to regulation and infrastructure."

Irina Kustova, Energy Charter Secretariat, Brussels, Belgium, Journal of European Integration

Table of Contents

1. Europe’s Focus on Available Natural Gas Supplies, and Why There Is More To It

Part 1: Framework of Analysis

2. How to Analyze European Union Energy Security

  • Introduction
  • Energy Security Studies
  • (Neo)Functionalism and New Institutional Economics
  • Multilevel Governance Theory
  • Discussion
  • References

Part 2: Energy Policy in the European Union

3. Status Quo in European Union Energy Policy

  • Introduction
  • Markets
  • Gas Infrastructure
  • Regulatory Authorities
  • Discussion
  • References

4. Addressing Energy Security from Brussels – The Merits of Regulation 994/2010

  • Introduction
  • Towards Preventive Action Plans and Emergency Plans
  • A First Litmus Test? "Stress Tests" During the Ukraine Crisis
  • Conclusions
  • References

Part 3: Case Studies

5. A Structural Lack of Investments in Natural Gas Infrastructure

  • Introduction
  • Why the European Union Status Quo Is Suboptimal
  • Natural Gas Infrastructure in the United States
  • Relations between Legislatures and Regulatory Authorities
  • Revenues of Gas Transmission System Operators
  • Private and Public Ownership, and Investments
  • Decision-making Structures, Based on a MLG-Analysis
  • Discussion
  • References

6. The Political Minefield Called European Shale Gas

  • Introduction
  • Market Developments
  • Environmental Concerns
  • Regulation
  • Gas Infrastructure
  • Energy Security
  • MLG Framework with Institutional Overview
  • Discussion
  • References

7. Europe’s Future Gas Market Structure – Tracing the US Example?

  • Introduction
  • Available and Planned Infrastructure
  • Implementation of Legislation
  • Market Trade and Long-Term Contracts
  • The Role of Liquefied Natural Gas (LNG)
  • Discussion
  • References

Part 4: Conclusions

8. Conclusions and Recommendations – A Long and Bumpy Road to European Union Energy Security

  • European Union Energy Security
  • European Union Energy Policy
  • Reflection

About the Author

Tim Boersma is a Fellow and Acting Director of the Energy Security Initiative, part of the Foreign Policy Program at the Brookings Institution, Washington DC, USA. He has a PhD in international relations from the University of Groningen, the Netherlands, and has previously been a Research Fellow, Transatlantic Academy, Washington, DC, and Visiting Scholar at the School of Advanced International Studies, Johns Hopkins University.

About the Series

Routledge Studies in Energy Policy

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Subject Categories

BISAC Subject Codes/Headings:
BUS070040
BUSINESS & ECONOMICS / Industries / Energy Industries