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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.

Keywords: Shale Gas ; Hydrocarbon Resources ; Energy Demand and Supply ; Non-renewable Resources ; Competitiveness Impacts ; European Union

Subject(s): Resource /Energy Economics and Policy

Issue Date: Jan 15 2015

Publication Type: Working or Discussion Paper

PURL Identifier: http://purl.umn.edu/196918

Total Pages: 44

JEL Codes: L71; O52; Q35; Q41; Q43

Series Statement: ERM

109.2014

Record appears in: Fondazione Eni Enrico Mattei (FEEM) > Energy: Resources and Markets





Autor: Vollebergh, Herman R.J. ; Eric Drisse, Eric

Fuente: http://ageconsearch.umn.edu/record/196918?ln=en







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