CEU Electronic Theses and Dissertations, 2010
| Author | Nenova, Stela Rumenova |
|---|---|
| Title | IMPROVING ENERGY SECURITY: CURING THE BULGARIAN GAS SECTOR'S INEFFICIENCIES |
| Summary | Despite the intensive convergence process in the Bulgarian gas sector and adoption of the main EU directives on gas market liberalisation in the past decade, the Bulgarian gas market is still far from actual liberalization and competitiveness. Why is that? What is the government’s role in shaping and regulating the Bulgarian natural gas market? Are the inefficiencies in the Bulgarian gas sector due to market failures or to government failures? Past studies have focused on challenges of corruption, lack of good governance and heavy government control over the energy sector, and especially the gas market. Heavy monopolisation of the gas market, lack of gas infrastructure and consumer access to gas, limited storage, high import dependence, lack of investment incentives and of appropriate regulations, are some of the major obstacles to the development of a fully competitive gas market. This invites further questions about why exactly inefficiencies in the gas sector persist and endanger the energy security of the country. This study investigates the question of how the Bulgarian gas sector be restructured so as to better ensure energy security for the country through the theoretical lens of market failures and government failures. The research confirmed the hypothesis that that gas sector inefficiencies are due to government failures which have reinforced inherent market failures from the pre-liberalization period instead of acting to resolve them. |
| Supervisor | Goldthau, Andreas |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2010/nenova_stela.pdf |
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