This important book, drawing on ECJ case law, Commission administrative cases and inquiries, and the full range of relevant legal and economic theory, provides an extremely valuable and detailed study of how EU competition law can be applied to long-term natural gas capacity reservation and commodity contracts. Issues and topics such as the following arise in the course of the analysis:

• Third Gas Market Directive provisions;
• Article 102 TFEU cases on strategic under-investment;
• pre-liberation or “legacy” gas contracts (e.g., with Algeria and Russia);
• “right of first refusal”;
• take-or-pay requirement;
• third-party access;
• ownership unbundling;
• effect of elimination of priority access regimes;
• short-term trading;
• spot markets; and
• law and economics of vertical restraints.