Natural Gas Security in the EU: Litigation Risks may concentrate Corporate Minds
Article from: OGEL 4 (2003), in National and International Issues in Natural Gas Development
The new July 2003 gas liberalisation Directive (also known as 'the Acceleration Directive') contains a new obligation for regulators to monitor security of supply. But this is relatively minor compared with the Commission's proposal for a natural gas security Directive. The Security Directive proposes greatly increased obligations and (potentially also) increased expense for market players. It would also give ultimate responsibility for EU security of gas supply to a Brussels-based - rather than a national - regulator. Opposition to these security proposals will almost certainly see them ...