Unconventional Gas and the European Union: Prospects and Challenges for Competitiveness

Arbeitspapier

This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy markets. In particular, lower U.S. gas and coal prices have changed relative energy prices both at home and abroad. Finally, competitiveness impacts in some (sub)sectors will be considerable. These impacts are not only related to production based on gas use as a feedstock but also on the ‘byproducts’ from unconventional gas production, such as ethylene, propane and butane. However, several indirect impacts, such as lower coal import prices, may soften the adverse competitiveness impact in the EU.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 109.2014

Classification and Topics

• Classification: Wirtschaft ; Mining, Extraction, and Refining: Hydrocarbon Fuels ; Economywide Country Studies: Europe ; Hydrocarbon Resources ; Energy: Demand and Supply; Prices ; Energy and the Macroeconomy
• Subject: Shale Gas ; Hydrocarbon Resources ; Energy Demand and Supply ; Non-renewable Resources ; Competitiveness Impacts ; European Union

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vollebergh, Herman R.J. ; Drissen, Eric
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/107743
• Last update: 10.03.2025, 11:41 AM CET