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A new EU regulation on gas supply security has come into forcePublished: 1 of March, 2011

On 2 nd December 2010 a new EU Directive aiming to improve the security of gas supply within the community came into force [Regulation (EU) No 994/2010 of the European Parliament and of the Council of 20 October 2010 concerning measures to safeguard security of gas supply and repealing Council Directive 2004/67/EC]. The new regulation can be viewed as a significant part of the EU’s answer to the January 2009 gas crisis, and its implementation may considerably alter Hungary’s security of supply as well as its gas market position. The regulation is legally binding, transposition by Member States is not needed. It strives to attain its goal firstly through prescribing minimum requirements for the gas infrastructure and specific priority services, and secondly through the gradual introduction of a member state specific, but centrally coordinated planning system for crisis prevention and management. After a short summary of the infrastructure related requirements of the regulation we are going to use simple indicators to examine the status of selected countries from the region – including Hungary – concerning the degree to which they currently meet the minimum regulatory requirements on security of supply. We will also consider which regional partners may be best suited for Hungary when it comes to joint development of crisis prevention and management plans.