Watching the World: More hurdles in dash for gas

In some quarters, the argument runs that gas will almost singlehandedly fuel the industrial and domestic future of Europe-but this is far from saying there aren't serious hurdles to surmount in the present. As discussion at last month's Norwegian-British Energy Seminar in Oslo made clear, even the mechanism that promises to put the wheels in motion for a single "open and competitive" Europe-wide gas market-the European Commission's Gas Directive-still finds itself open to harsh criticism by some observers.The EC directive, designed around the belief that competition will necessarily place a downward pressure on energy prices, was rolled out last August to much fanfare-and some...

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