such as the socialization of cost or co-financing, and can lead to a higher risk of stranded assets. One of the main reasons for this lack of market commitment is the uncertainty in the long term use of gas in definition of the European energy mix. Only a relative small share of investment can be triggered for security of supply reason. Market players, NRAs and infrastructure operators need the guarantee of sufficient use of the infra- structure in order to support the economically efficient development of projects.
A STABLE DEMAND DRIVEN BY GLOBAL CONTEXT
Since 2010 European gas demand has continuously decreased mainly due to a low- er use of gas-fired power generation. This results from the combination of European policies, such as the development of renewable sources (RES) and an inefficient European Trading System (ETS), as well as the global context of low coal prices and still ongoing economic downturn.