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ID: 171444

Catalytic power Europe and gas infrastructural policy in the Visegrad countries / Prontera, Andrea; Plenta, Peter

Prontera, Andrea	Journal Article
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Summary/Abstract

By focusing on the natural gas sector and infrastructural policy in the Visegrad countries this article aims to reassess the EU's role in energy security governance. It argues that the EU can be conceptualised as a catalytic state rather than a regulatory state. It develops the notion of Catalytic Power Europe to highlight the specific type of power that the EU (as a catalytic state) can deploy to achieve its objectives. Catalytic Power Europe differs from existing conceptions of Regulatory and Market Power Europe. It relies on nodality and treasury rather than authority and on mechanism of connectivity and mobilisation rather than enforcement. It highlights the role of the European Commission as a facilitator and coalition builder rather than a regulator and market builder as in the regulatory state perspective. This role is illustrated by analysing the major gas interconnector projects and liquefied natural gas importing terminal that are under development in the V4 and that can affect their energy security. Catalytic Power Europe influences the V4 inter-group dynamics reducing the scope for uncoordinated and unilateral strategies. In this way, it also affects the prospect of EU-Russia energy relations undermining Moscow's divide et impera strategies in the region.

Key Words

European Union ; Energy Security ; Regulatory State ; Visegrad Countries ; Catalytic State ; Gas Infrastructure

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ID: 186417

Modelling-based assessment of EU supported natural gas projects of common interest / Selei, Adrienn; Tóth, BorbálaTakácsné

Selei, Adrienn	Journal Article
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Summary/Abstract

Between 2013 and 2020 the EU set up a complex institutional system to select and support the implementation of energy infrastructure projects that are of European interest (PCIs). EUR 1.4 billion EU support was awarded to 16 natural gas projects between 2014 and 2019, most of them are still under construction. With the decarbonization agenda emerging, fossil investments have a limited lifetime to recover their investment. To assess the net socio-economic benefits of the gas PCI projects a modelling-based cost benefit analysis was applied. Results revealed that the cross-border projects that were implemented so far have a joint socio-economic benefit/cost ratio (B/C) above 1 even in the most conservative scenario setups. The ones with a final investment decision would need to face a high gas price environment in the future to push the B/C above 1, which is the reality since 2021. The other projects on the full EU list of PCIs are not beneficial as a single group, as they serve similar needs. Some individual non-FID projects are though promising.

Key Words

Modelling ; Welfare Analysis ; Decarbonization ; CBA ; Gas Infrastructure

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