Introduction

At the beginning of 2009, South Eastern Europe (including Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Greece, Former Yugoslav Republic (FYR) Macedonia, Montenegro, Romania, Serbia and Kosovo) was simultaneously hit by three external shocks: an extended period of cold weather, disruption in natural gas supply from the Russian federation and financial crisis. The disruption to natural gas supply from the Russian Federation was particularly important for all countries with gas infrastructure, but also affected other countries in the region.[1] The region is ...