In early March 2017, long-term capacity bookings were held on the PRISMA auction platform, which covers most of the European Union’s natural gas transmission grid. In this short analysis we highlight amarket distortive phenomenon that may be the result of an information advantage of the dominant gas supplier in Europe. By paying about EUR 9 Bn capacity bookingfees for the post-2020 period, Gazprom hasagain secured its control over the Central-Eastern European region and gas trade to the Ukraine.

Available at the publisher's website (in Hungarian)