engleski

Gas market liberalization process: Trend, characteristics, and results

The paper analyses important characteristics of the gas market liberalization process in the EU and the Republic of Croatia. The influence of Directive 98/30/EC initiated the process of liberalizing the internal market in natural gas and the current Directive 2003/55/EC is described. The results of the liberalization process in the EU and Croatia are analyzed. Special attention is paid to questions regarding the market openness level, and new formulas (defined by the author) that are suitable for calculating the theoretical market openness coefficient (Cfth) and real market openness coefficient (Cfrl). Furthermore, the appropriate formulas for calculating different annual gas quantities (Qdlv ; Qsum ; Qnoa) for the Croatian gas market and similar types of gas markets have been developed.

liberalization; gas market; theoretical and real market open coefficients (Cfth and Cfrl)

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