DESCRIPTION:
After a short introduction of the EU’s natural gas market (sources, infrastructure setup and demand centres), the first part of the session discusses the EU regulatory framework related to natural gas markets, with a special emphasis on infrastructure. Third party access rules to pipeline, LNG and storage infrastructure, allocation of capacities, tariff systems and the unbundling rules are discussed on a high level.
The second part of the session is dedicated to the energy crisis and the EU level regulatory responses to the crisis related to natural gas. The REPowerEU plan, the storage fill obligation, the wholesale level price cap and the joint gas purchase initiative are discussed. If time allows retail price regulation in EU countries will be discussed with some specific case studies related to the high price environment in 2022.