Criza gazelor naturale din Europa. Cauze ale aparitiei si evolutia acesteia

Marius Bulearcă and Mihai-Sabin Muscalu
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Mihai-Sabin Muscalu: Centrul de Economia Industriei si Serviciilor, Institutul National de Cercetari Economice al Academiei Romane

Studii Economice from Institutul National de Cercetari Economice (INCE)

Abstract: Although the war in Ukraine is far from over, currently the natural gas market in Europe is in a state of "apparent calm" as a result, mainly, of the (rather) quick and (somewhat) determined reaction of the Brussels authorities, which aimed to mitigate the consequences of the sudden and uncontrolled increase in natural gas prices. Starting from these considerations, the article aims to carry out an analysis of the causes that led to the emergence of the natural gas crisis, as well as the evolution of their prices at the European level. Thus, the paper extensively studies how natural gas prices have evolved and the effects on the market induced by these developments, on the one hand, as well as how the European Union, as a whole, and the Member States, at the national level, reacted to protect the population, first of all, in the face of the wave of price increases registered as a result of the rapid and economically unjustified increase in the prices of natural gas and, implicitly, of energy. As it is clear that high gas and energy prices are harming EU consumers, whether they are families or businesses, urgent and necessary coordinated measures at the EU level were needed to protect consumers from increased costs; and these aspects were presented in detail in the paper.

Keywords: natural gas price; price cap; European Union; TTF Amsterdam hub; CEGH Vienna hub (search for similar items in EconPapers)
JEL-codes: D18 I38 L71 Q34 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2023-09
New Economics Papers: this item is included in nep-cis and nep-ene
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Persistent link: https://EconPapers.repec.org/RePEc:ror:seince:230911

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