Regulatory Framework for Major Gas Infrastructures At A Glance

Capabilities and Services

The second EU Gas Directive -- which came into force on 1 July 2004 -- introduced several changes to the regulatory framework of the European gas industry, including enhanced provisions on unbundling, market opening, and the establishment of regulatory authorities in all EU countries. A further important change is the possibility for developers of new major infrastructures (e.g., interconnectors and LNG terminals) to request an exemption from general third-party access rules, although the exemption is conditional upon meeting certain conditions and subject to approval by the European Commission.

Having worked in several gas jurisdictions around the world and gained considerable experience, NERA economists are able to provide expert advice to developers of new gas facilities and to help ensure that all conditions for an exemption stipulated in the Directive are thoroughly assessed.