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Perspectives on Lng Competitiveness: an Overview of the Eu Market

Strahinja Obrenović[1]

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Paper Received: 19.12.2020.
Paper Accepted: 01.02.2021.
DOI: 10.5937/Oditor2101131O

Review

UDC:
339.137.2:662.767(4-672ЕU)
EAT: K23, K32, Q02, Q47

Summary:

In this paper we research the development and competitiveness of the LNG (Liquified Natural Gas) market in the European Union, especially in its member states located in west and south of Europe. First, we analyze legal and regulatory framework at the EU level, under which LNG terminals and facilities operate. In addition to content analysis, we also compare trends in the European LNG market with trends in other regions, especially in the Asian LNG market. The result of the research highlights the changed structure of the EU’s gas market, characterized by larger imports of liquefied natural gas, especially since the end of 2018, as well as increased number of terminals and capacities for receiving liquefied gas.

Key words: Liquefied natural gas, LNG, EU gas market, LNG Terminals

[1] Research Trainee, M.A. Strahinja Obrenović, Institute of European Studies, Belgrade, E-mail: strahinja.obrenovic@ies.rs