Coming year to be 'crucial' for the EU's gas market

"The coming year will be a crucial year," for the European Union's natural gas market, according to Jean Syrota, president of that country's Commission de Régulation de l'Energie (CRE). Syrota made the statement earlier this month during a press conference while presenting CRE's July 2002-July 2003 progress report.Effective July 1, 2004, the EU's natural gas market was fully opened to 530,000 industrial sites compared to the current 650 sites—a change of scale that will "strongly strain the market mechanisms put in place or being elaborated," Syrota said. The "mass market" opening to all consumers is set for 2007, he said.Some of the key items on the CRE'...

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