Natural Gas and its Status in the Energy Security of the European Union
Natural Gas and its Status in the Energy Security of the European Union

Summary/Abstract: The paper analyses the status and importance of natural gas for the overall de-velopment of the world economy with application to the EU. It acknowledges that rapid depletion of all other energy sources represents a significant alterna-tive, the disposable reserves of which might considerably contribute to satisfac-tion of energy needs in the EU. Authors examine major features determining economic utility of gas: structure and volume of extraction and consumption, specificities of its sales and pricing policy. They emphasize idiosyncrasies in crude oil trading as well as its ever stronger position in energy and heat produc-tion while regarding coordination of energy policy and strengthening the nego-tiating potential vis-à-vis major natural gas suppliers as the most effective way of satisfying the Union’s energy needs.

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