Europe depicted as still a gas market ‘patchwork’

Despite gas-market deregulation, Europe remains “a patchwork of markets, each retaining its own gas-use specificities,” a Cedigaz official told Institut Français du Pétrole’s annual Panorama conference in Paris.The opening of gas markets in the European Union has encouraged mergers and acquisitions as companies deal with growing competition, noted Cedigaz Sec. Gen. Marie-François Chabrelie.Operators have increased in size, expanded beyond national borders, become competitors in multiple energy markets, and been fully or partly privatized. Restructuring will continue this year, encouraged by high energy prices and the need for gas and electric utiliti...

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