Security of gas supply in Europe

Regulation (EU) 2017/1938

 

Security of Gas Supply


New rules has been established for the security of gas supply in Europe

 

A new Regulation concerning the security of gas supply is in place in Europe starting with 25 October 2017.

From the last gas crisis in 2006 were gas was cutt-off by Russia, followed by the crisis in 2009 and the European panic, with the new rules in place the European Union wants to avoid a new crisis in the next future.

In a politicized world were the energy industry is under key, the new rules are the only solution or this is only a small step from many to do?

As we can see in the new Regulation (EU) 2017/1938 of the European Parliament and of the Council of 25 October 2017, concerning measures to safeguard the security of gas supply and repealing Regulation (EU) No 994/2010, Natural gas remains an essential component of the energy supply of the Union. A large proportion of such gas is imported into the Union from third countries.

A major disruption of gas supply can affect all Member States, the Union and Contracting Parties to the Treaty establishing the Energy Community, signed in Athens on 25 October 2005. It can also severely damage the Union economy and can have a major social impact, in particular on vulnerable groups of customers.

This Regulation aims to ensure that all the necessary measures are taken to safeguard an uninterrupted supply of gas throughout the Union, in particular to protected customers in the event of difficult climatic conditions or disruptions of the gas supply. Those objectives should be achieved through the most cost-effective measures and in such a way that gas markets are not distorted.  More

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