Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 22 No 4 April/May 2017

Book of the Month

Cover of Whistleblowing: Law and Practice

Whistleblowing: Law and Practice

Price: £175.00

Pupillage & Student Offers

Special Discounts for Pupils, Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


UK Public Holiday May 2017

Wildy's will be closed on Monday 29th May and will re-open on Tuesday 30th May.

Online book orders received during the time we are closed will be processed as soon as possible once we re-open on Tuesday.

As usual Credit Cards will not be charged until the order is processed and ready to despatch.

Any non-UK eBook orders placed after 5pm on the Friday 26th May will not be processed until Tuesday 30th May. UK eBook orders will be processed as normal.

Hide this message

Vertical Natural Gas Transportation Capacity, Upstream Commodity Contracts and EU Competition Law

ISBN13: 9789041134073
Published: May 2011
Publisher: Kluwer Law International
Country of Publication: The Netherlands
Format: Hardback
Price: £88.00

Usually despatched in 1 to 3 weeks.

Because the EU depends on a very small number of external suppliers for its natural gas, energy security issues inevitably arise. In theory, competition law should regulate and adjudicate such issues. Yet, because contracts between EU companies and producers are highly sensitive and politically charged, the application of EU competition law to natural gas contracts is far from clear.

This important book, drawing on ECJ case law, Commission administrative cases and inquiries, and the full range of relevant legal and economic theory, provides an extremely valuable and detailed study of how EU competition law can be applied to long-term natural gas capacity reservation and commodity contracts. Issues and topics such as the following arise in the course of the analysis:-

  • Third Gas Market Directive provisions;
  • Article 102 TFEU cases on strategic under-investment;
  • pre-liberation or “legacy” gas contracts (e.g., with Algeria and Russia);
  • “right of first refusal”;
  • take-or-pay requirement;
  • third-party access;
  • ownership unbundling;
  • effect of elimination of priority access regimes;
  • short-term trading;
  • spot markets; and
  • law and economics of vertical restraints.

Focusing on the foreclosing effect of long-term upstream commodity contracts, the author recommends restrictions on the use of capacity reservation contracts, and analyses the efficacy of security of supply as a competition law defence in cases relating to such contracts.

In addition to its substantial value to academics and policymakers as a significant contribution to competition law theory and practice, this book will also be widely welcomed by all concerned with European energy security or the changes in the traditional contractual structures underpinning EU natural gas trade. With a foreword by Jonathan Sterns

Energy and Natural Resources Law
Introductory Chapter.
EU Natural Gas Markets and Long-Term Contracting – An Overview of Economic and Political Aspects.
Security of Supply in the European Union.
Key EU Gas Market Regulation Relating to Long-Term Contracting.
The Application of EU Competition Law in Natural Gas Markets – Background and Developments.
Compatibility of Vertical Natural Gas Transportation Capacity, Commodity Contracts and EU Competition Law.
Security of Supply as Objective Justification.