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Policy & Regulation

Security of supply risks remain despite improved market flexibility – IEA

The global gas market is becoming more flexible but security of supply risks remain, the IEA says.
By Staff reporter 18 October 2017 World / Policy & Regulation 0 28031

The global gas market is becoming more flexible but security of supply risks remain, the International Energy Agency (IEA) said in its second Global Gas Security Review, published on Wednesday.

The IEA said the gas market is moving from being regional to being composed of interconnected and globalised networks, creating greater interdependence between regions and new challenges for policymakers.

Tight markets, weather-related issues and political tension are all sources of risk in this new scenario, the agency said. However, the IEA remains confident that supply availability, contractual...