By Mr. Mark Laczko Published: 24/10/2009

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The CEE countries, including Hungary, are participating in the realization of several long term gas infrastructure projects, however, in our opinion, the consequences of such a gas crisis may be significantly mitigated in the short term by the establishment of a transparent and interconnected regional natural gas market.

The regionalization targeted by the EU Commission would provide the possibility to overcome the security of supply issues in the EU. With the help of the analysis in this paper, we will introduce how organized natural gas markets could support the market integration and regionalization in the EU.