Gas summit stresses safe gas supply in new EU market

The "real" opening of the European Union's gas market will occur when the second gas directive comes into force July 1, 2004, targeting 530,000 industrial users. But the transitory period is fraught with uncertainties about the benefits to be expected from a liberalized market. Numerous doubts were voiced at the 8th International Gas Summit in Paris last month, which covered issues related to the gas market opening process.Especially noteworthy during a "meeting of the minds" on the need to maintain long-term take-or-pay natural gas supply contracts—as moderator Nordine Aït-Laoussine, president of the Switzerland-based energy consulting firm Nalcosa put it—was the res...

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