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The Ban on Long-Term Natural Gas Contracts for the European Union: A Double-Edged Sword?

Author

Listed:
  • Zlata Sergeeva

    (King Abdullah Petroleum Studies and Research Center)

Abstract
Long-term natural gas contracts are necessary market instruments that provide supply security for customers and demand security for producers. Nevertheless, the European Commission recently announced a plan to ban long-term contracts for unabated fossil gas after 2049. This study shows that this plan may destabilize the market due to the lack of supply security for customers and demand security for producers.

Suggested Citation

  • Zlata Sergeeva, 2023. "The Ban on Long-Term Natural Gas Contracts for the European Union: A Double-Edged Sword?," Discussion Papers ks--2022-dp15, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2022-dp15
    DOI: 10.30573/KS--2022-DP15
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    File URL: https://www.kapsarc.org/research/publications/the-ban-on-long-term-natural-gas-contracts-for-the-european-union-a-double-edged-sword-zlata/
    File Function: First version, 2023
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    File URL: https://libkey.io/10.30573/KS--2022-DP15?utm_source=ideas
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    Keywords

    Carbon; Carbon capture and storage; CCS; Carbon neutrality;
    All these keywords.

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