Abstract
There is unprecedented pressure on the gas supply chain as the gas market goes global. Energy policy and foreign policy are combining in new ways and with such speed they are placing shocks into a system already struggling to find its feet. Reactions from governments in the form of “fear for the future” is further shaking stakeholder confidence. Market volatility threatens to further misalign key supply chain interfaces and increase the probability of supply failure. Global energy infrastructure is largely unprotected from terrorism and supply interruption. Market sentiment is becoming increasingly unsettled, adding risk premiums, distorting prices and eroding relationships that are central to market stability.
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