Governing through visions: Evaluating the performativity of the European gas target models

In 2010 an initiative was launched to realize a competitive single EU market for natural gas through the use of a future vision. This Gas Target Model (GTM) aimed to provide direction for concrete market development through regulatory structures as well as an overarching scope of what a functioning gas market would entail. This paper assesses...

Exploring European shale gas development: A Transaction Costs perspective

The rise of shale gas production, has been the greatest revolution in the U.S. energy landscape since WWII and it is argued that market governance facilitated the process. This study analyses the feasibility of EU shale gas development. The publicly available shale gas analyses are inconclusive about the impact of future market design on shale...