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Securing gas supply for good

47 bytes added, 17:09, 6 June 2017
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*increased transparency in retail markets (the market for the sale of goods or services to consumers rather than producers or intermediaries) to benefit consumers
==Opportunities==
The fact that energy is a shared competence of the EU could represent an opportunity to '''standardise legislations ''' concerning gas transmission infrastructure across EU countries, as well as developing a '''Europe-wide legislative framework ''' to support the market and the security of gas supply. However, there are many boundaries to power exchanges in Europe. The european network of transmission system operators for gas (ENTSOG) published the 2017 edition of the ''Ten year network development plan (TYNDP)'', which offers a view on what is needed to achieve Europe's climate objectives by 2030. The package identifies investment needs, proposed '''priority investments ''' and stresses the importance of the creation of the '''single European market for gas'''<ref>[https://www.entsog.eu/mission ENTSOG official website: Mission]</ref>. The gas infrastructure limitations, which locally lead to high dependence or an inability to sufficiently diversify supply sources, would also have an impact in terms of '''competition'''. More specifically, the isolation of Finland prevents the country from mitigating a high Russian supply price. Lack of Infrastructure infrastructure also prevent the Baltic States to share the benefit of their access to liquefied natural gas (LNG) with Finland. In Central-Eastern European countries, Russia remains the main gas supplier causing low level of competition. Barriers prevent Greece from sharing its access to LNG with Bulgaria. In Romania, the lack of '''interconnection ''' does not allow for Romanian national production to export towards neighbouring countries. Barriers preventing the Iberian Peninsula to fully share the benefits of its access to LNG with France have been identified. The access to LNG in the United Kingdom, France and Belgium cannot benefit countries to the East to their full potential.  Once infrastructure efficiency is achieved, the network can be further enhanced. The future of gas infrastructure also includes synthetic gases and hydrogen. The '''power-to-gas system ''' is a technology that converts electrical power to a gas fuel. This is a unique opportunity to optimise renewable generation of energy by connecting it to the already highly interconnected gas transmission network. This would offer efficient and low cost energy transmission and long-term storage in the gas system, while saving investments in new electricity infrastructure<ref>[https://www.entsog.eu/public/uploads/files/publications/TYNDP/2017/entsog_tyndp_2017_ES_170428_web.pdf ENTSOG - TYNP 2017 Executive Summary]</ref>.
==Stakeholders==

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