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- W1674014734 abstract "Europe is an important energy consumer and is permanently searching to overcome the challenges that arise while addressing its energy needs. The fast growing demand and competition for energy resources (especially from emerging countries such as India or China), the never-ending conflicts that are taking place in the energy producing areas (e.g. the Arab spring or the Israel-Gaza fights), the fragmented internal market of the European Union aiming for liberalisation, the heavy reliance (more than 30 percent of the gas imports) on the Russian gas and a greater significance given to reducing carbon emissions are only a few of the challenges that are on the European list of priorities that have to be resolved for a better future. As a result, providing affordable energy, improving energy efficiency and reducing emissions are key topics of the European agenda and clever moves on the great world chessboard that are worthy to be considered and analysed. Therefore, this research paper aims to simulate various scenarios on different approaches that Europe might employ in terms of energy and related to the evolution of natural gas prices from a game theory perspective, studying various strategic interactions and their potential outcome for Europe's future. The methodology used in this paper to have a game theory on the evolution of European Union's imports of fuels is based on a literature review and the study of important reports from this field. Non-cooperative and cooperative scenarios are built in the Game theory approach section of this research paper and are meant to describe various situations that could arise in the future and how could Europe respond to them. The Conclusions restate the need of the European Union to lower their imports from Russia and the solutions for choosing better alternatives to the Russian natural gas." @default.
- W1674014734 created "2016-06-24" @default.
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- W1674014734 date "2015-01-01" @default.
- W1674014734 modified "2023-09-28" @default.
- W1674014734 title "Energy Challenges for Europe – Scenarios of the Importance of Natural Gas Prices from a Game Theory Perspective" @default.
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