In my previous article (EU Gas Import Infrastructure – why more is good and why looking at annual utilisation figures alone is wrong, published in the August issue of The Baltic Times) I explained why looking at annual utilisation figures was misleading when looking at usage of import infrastructure, and whether Europe needs more gas import infrastructure. In this article, I will explain why the argument that Europe already has enough import infrastructure is wrong from a market economics standpoint.
A brief recap first. A number of commentators have argued th...
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