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Cross-border gas market integration study
The study analyses potential geographic scope of gas market integration discussing four regional gas market integration options comprising Contracting Parties and neighbouring EU markets. The options are assessed in their actual potential to directly access new gas sources. The study also makes a cost-benefit analysis on the four market integration options. Here the potential for welfare creation and improved market functioning improve market functioning in terms of security of supply, competition and liquidity resulting from market integration is evaluated orientating on the indicators of the European Gas Target Model.