Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105126
Authors: 
Vollebergh, Herman R. J.
Drissen, Eric
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 5035
Abstract: 
This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy markets. In particular, lower U.S. gas and coal prices have changed relative energy prices both at home and abroad. Finally, competitiveness impacts in some (sub)sectors will be considerable. These impacts are not only related to production based on gas use as a feedstock but also on the byproducts' from unconventional gas production, such as ethylene, propane and butane. However, several indirect impacts, such as lower coal import prices, may soften the adverse competitiveness impact in the EU.
Subjects: 
shale gas
hydrocarbon resources
energy demand and supply
non-renewable resources
competitiveness impacts
European Union
JEL: 
L71
O52
Q31
Q41
Q43
Document Type: 
Working Paper

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