The story of Bulgarian shale gas exemplifies the difficulty for the unconventional gas industry to take a hold in Europe. A recent paper that I co-authored with Mike LaBelle of CEU Business School investigates the reasons for Bulgaria banning shale gas by disentangling the various domestic causes at work. We find the failure of shale gas exploration to progress in Bulgaria is attributed to two main drivers: material factors such as the government’s interest in staying in power; and process related drivers, notably a highly centralized politically controlled decision making structure and a flawed policy process. Learn more.
- EU remains a liberal actor in an increasingly ‘realist’ energy world
- The 2014 Ukraine-Russia crisis offers important lessons for energy markets and scholarship