EU Gas Market is competitive

By Alex Barnes, Government Relations Advisor, Nord Stream 2 AG..

The EU has  aimed to create a single gas market since the early 1990s as part of the overall single market drive. However the First Gas Directive (1998) was ineffective. The Second Gas Directive (2003) had the right regulatory approach but still had limited effect. It was only after an EU Commission competition enquiry into the gas and electricity sectors in 2005-7 led to the Third Energy Package (TEP) of 2009, coupled with competition law cases, that a competitive gas market really begun to emerge. Jatka lukemista