Calortex sees new strategy as key in new U.K. Market
✍ Scribed by Lambert, Neil
- Publisher
- John Wiley and Sons
- Year
- 2007
- Weight
- 479 KB
- Volume
- 14
- Category
- Article
- ISSN
- 0743-5665
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✦ Synopsis
as is growing in importance in Europe's G energy mix because of huge availability of supply and its environmental benefits. Today, European gas use is about 13.3 trillion cubic feet per year, but by 1999 availability will jump by 3.2 trillion cubic feet. New projects are coming on-stream in Algeria, Russia, Norway, and Britain. The eyes of Europe are turned toward the United Kingdom, which is in the final phases of moving to a competitive gas market: the first nation in Europe to take this significant step.
The eyes of Europe are turned toward the United Kingdom, which is in the final phases of moving to a competitive gas market . . . Some European analysts believe that eventually, deregulation could lead to a single gas market stretching from the extremes of the former Soviet Union-Turkmenistan and Kazakhstan-to the western fringes of Europe-Portugal and Ireland. Further, the European Union is expected to call for gas deregulation among member countries, with each of them setting its own timetable.
While there is continued speculation about the future of natural gas deregulation, the battle is on to gain market share among the United Kingdom's 19 million household gas customers. Calortex, a joint venture between Calor and Texaco, is gaining ground with customers that have decided to switch from British Gas, the