In economic, technical and political terms, the security of energy supply is of the utmost importance for Europe. Alongside competition and sustainability, supply security represents a cornerstone of the EU's energy policy, and in times of rising geopolitical conflict plays an increasingly important role in its external relations. Within this context, the contributors analyse and explore the natural gas, nuclear, and hydrogen energy sectors, which will be of critical significance for the future of energy supplies in Europe. The book opens with an extensive exploration of the very definition of 'supply security' and moves beyond sector-specific debates to highlight the political sensitivity surrounding energy security. The expert contributors apply a policy perspective, underpinned by theoretical discussion, to economic analysis in order to yield policy-relevant conclusions. They illustrate that the EU lacks a coherent transnational energy policy, that national energy policies fail to match EU goals and that, ultimately, sustainable energy policies, more competition, and better regulation will improve global welfare. Academics and EU policymakers - both at national and international levels - will find that the topical policy recommendations, extensive overview of supply security, and detailed perspectives on the natural gas, nuclear and hydrogen sectors presented herewith constitute an invaluable reference and research tool.
List of contributors
Introduction
PART I Natural Gas
1 Supply security and natural gas by Sophia Ruster 3
2 Seeking Competition and Supply security in natural gas: the US experience and European Challenge by Jeff Makholm 21
3 The new security environment for European gas: worsening geopolitics and increasing global competition for LNG by Jonathan Stern 56
4 Natural gas and geopolitics by David G. Victor 91
PART II Nuclear Power
5 European electricity supply security and nuclear power: an overview by David M. Newbery 109
6 Contractual and financing arrangements for new nuclear investment in liberalized markets: which efficient combination? by Fabien Roques 117
7 Nuclear power and deregulated electricity markets: lessons from British Energy by Simon Taylor 155
8 Nuclear energy in the enlarged European Union by William J. Nuttall 166
PART III Hydrogen
9 Supply security and hydrogen by Ignacio Perez-Arriaga 191
10 Hydrogen from renewables by William D'Haeseleer 199
11 Build-up of a hydrogen infrastructure in Europe by Christoph Stiller 221
12 The contributions of the hydrogen transition to the goals of the EU energy and climate policy by Anders Chr. Hansen 248
13 R&D programs for hydrogen: US and EU by Cesar Dopazo 275
PART IV Conclusions
14 EU energy security of supply: conclusions by Pippo Ranci 295
Name Index 303
Subject index 305
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