Natural Gas, US Shale Dynamics and Energy Security: A View from the European Union
This chapter provides an analysis of natural gas as a resource that can enhance energy security in the European Union (EU). To set the scene, the section “The Gas Exporting Countries Forum” gives an overview of the Gas Exporting Countries Forum as an example of the gas oligopoly in today’s market. The section “A Primer on Natural Gas Transportation and Shale Gas Extraction” shows the basics of natural gas transportation and shale gas extraction, whereas sections “More Imports of LNG Will Diversify EU Energy Supplies” and “US Shale Gas Revolution: Implications for EU Energy Security Enhancement” provide an analysis of how the EU can increase its imports of liquefied natural gas (LNG) to diversify its energy supplies and what the implications of the US shale gas revolution are for EU energy security. The final section concludes the chapter.
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