Assessing the Rules of Functioning and Organization of the Wholesale Natural Gas Market in the European Union and Ukraine: Legal and Socio-political Perspective
Journal: PRAWO i WIĘŹ
Year: 2021

This author considers current European Union and Ukraine’s wholesale natural gas market in light of regulatory measures that had been enacted and/or implemented with respect to its organization and functioning. The analysis points to three major goals EU’s energy sector regulation is geared to achieve: 1) economic (i.e. procompetitive support); 2) energy security; and 3) social goals. As such, the EU wholesale energy market can be regarded as a regulatory instrument. Ukraine assumed the obligati