Abstract
Natural gas is regarded as a crucial cornerstone of the European energy policy and for the transition towards a sustainable low-carbon energy system. However, the recent conflict between Russia and Ukraine has spurred concerns about the security of gas supplies in growingly import-dependent European markets. Using a numerical model of the European natural gas market, we evaluate the impact of four different network extension scenarios on the European market, namely the Turkish Stream, the Nord Stream 2, the Southern Gas Corridor and an increased LNG capacity. We further assess their effects on the short-term resilience of the network in case of supply interruption.
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