IEA to study European gas market liberalization

Paris-based International Energy Agency is undertaking a survey to determine the impact of liberalization of the European natural gas market on the supply safety of its 26 member states."The gas industry is moving from a situation where gas operators balance supply and demand using flexibility tools such as supply swing, storage, and interruptible contracts to one where supply and demand are balanced by market mechanisms," Olivier Appert, IEA's director, told a press conference last month.Over the years, the European gas industry has developed a variety of tools to help match its relatively rigid supply of gas to seasonal demand, which fluctuates with temperature and price. The Nether...

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