Wind of change: the impact of REPowerEU policy reforms on gas security
Journal: Policy Studies
Year: 2024

The Russian invasion of Ukraine was a shock to the EU gas market, as Russian gas supply dwindled and prices spiked. Previous exogenous shocks to the gas market resulted in policy reforms aimed at diversification and reducing dependency on Russian gas. However, their effectiveness was reduced. This study seeks to examine the policy changes under REPowerEU in light of gas security post-invasion. To examine this, three indicators - import dependency, diversification, and gas intensity - are used an