The European Union is seeking to re-regulate Europe’s energy sector to improve security of supply, sustainability and competitiveness. Energy transformation in Europe has exposed the shortcomings of over-regulation and national-centric policy, providing the Middle East with valuable lessons to manage supply, competition and future investment in its own market.
1. Supply Diversification: Shale gas development in North America has exemplified supply diversification. Yet opinion on shale remains divided in Europe as environmental concerns are often perceived as outweighing diversification gains.