Title: Energy Liberalization in Europe--A New Concern for Security of Supply
URL(s):

http://www20.cera.com/eprofile?u=35&m=2754;

http://www20.cera.com/eprofile?u=35&m=2755;


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SECURITY OF ENERGY SUPPLY BACK ON THE EUROPEAN POLITICAL AGENDA

The tragic events of September 11 brought a new dimension to the general
question of security--clearly energy facilities could be targets for terrorist
attacks. Even before the attacks, high world oil prices and the euro's
depreciation put energy security of supply back on the European political
agenda, together with the awareness of dependence on imports, and the risk of
economic and even physical disruption in energy supply, including natural
disruptions from storms or flooding.

*  Security of supply, under its different forms, has returned as a political
concern across the European Union.

*  The new liberalized environment should, at least partly, mitigate security
supply risks.

*  Long-term risks remain a matter of discussion, with concern that market
mechanisms provide the right signals, such as adequate investment made at the
right time.

**end**

Follow above URL for complete report (17 printed pages).

E-mail Category: Private Report
CERA Knowledge Area(s): European Gas, European Power


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