Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/117991
Authors: 
Luciani, Giacomo
Year of Publication: 
2004
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 119.2004
Abstract: 
The issue of security of gas supplies is frequently discussed on the basis of intuitive and non-systematic arguments. Greater import dependence is normally equated with greater insecurity, and strategic stocks are the risk management tool most commonly considered. This paper strives to offer a systematic framework of analysis and shows that import dependence does not necessarily entail greater insecurity – actually, the opposite may well be the case. It also discusses several alternatives to strategic stocks for risk management, which are more interesting and promising.
Subjects: 
Natural gas market
Security of supply
JEL: 
Q41
Q43
Document Type: 
Working Paper

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