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The ambitions of the European Union at the end of the 2nd millennium concerning energy policy were noble: creating energy markets that are competitive, secure and sustainable. Although the progress made in creating a common natural gas market is significant, the Energy Sector Inquiry identified a number of shortcomings related to the competitiveness of the markets. This paper looks at a particular...
The paper analyses the status and importance of natural gas for the overall development of the world economy with application to the EU. It acknowledges that rapid depletion of all other energy sources represents a significant alternative, the disposable reserves of which might considerably contribute to satisfaction of energy needs in the EU. The authors examine major features determining economic...
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