The rent to be distributed in the gas chain for

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Unformatted text preview: 08. 38 © Ifri F. Harbo / The European Gas and Oil Market The European strategic gas and oil market Modern society is very much dependent upon oil and gas resources. They represent its “oxygen.” There is an ongoing liberalisation of European oil and gas markets and Norway has a very important role in this process as a major oil and gas exporter. The liberalisation of a market for non-renewable resources like natural gas and oil presents substantial challenges for the regulator as well as for the regulated. The production of oil and gas depends upon the economy, technology and new findings. The optimists expect “peak oil” by 2025-2035,47 while the pessimists think it is already happening now. The rent to be distributed in the gas chain, for example, will make the European gas market much more politicised than most other markets for the foreseeable future. The EU has the aim of reducing its energy dependency through the diversification of sources, suppliers and routes in order not to rely on a single supplier for the main fuels in its ener...
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This document was uploaded on 03/30/2014.

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