It looks like the Energy Union is back at its origins, as security of supply is once again at the centre of the EU energy policy. Among other contributing factors, increasing gas prices, changes in global liquefied natural gas (LNG) markets and many still unresolved questions over the future of key European pipelines have increased the attention given to this resource at the global and the European level – also due to a growing US presence in the debate.
While the EU has been struggling to find a clear path for its diversification strategy, it has also increased efforts to complete (or at least to come close to the completion of) its internal market – an ambition which, in the past four months, has however suffered from a heated debate among Member States, particularly regarding the definition of capacity markets. (…)
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