Security of Supply for Natural Gas Markets. What is it and What is it not?

Giacomo Luciani
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Giacomo Luciani: Robert Schuman Centre, European University Institute

No 2004.119, Working Papers from Fondazione Eni Enrico Mattei

Abstract: The issue of security of gas supplies is frequently discussed on the basis of intuitive and non-systematic arguments. Greater import dependence is normally equated with greater insecurity, and strategic stocks are the risk management tool most commonly considered. This paper strives to offer a systematic framework of analysis and shows that import dependence does not necessarily entail greater insecurity – actually, the opposite may well be the case. It also discusses several alternatives to strategic stocks for risk management, which are more interesting and promising.

Keywords: Natural gas market; Security of supply (search for similar items in EconPapers)
JEL-codes: Q41 Q43 (search for similar items in EconPapers)
Date: 2004-09
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2004.119

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