3. Identification of risks

Describe the major transnational risk for which the group was created as well as the risk factors at several instances which could make that risk materialise, their likelihood and consequences. Non-exhaustive list of risk factors that have to be included in the assessment only if applicable according to the relevant competent authority: political gas disruption from third countries because of different reasons, political unrest (either in country of origin or in transit country), war/civil war (either in country of origin or in transit country), terrorism; technological explosion/fires, fires (internal to a given facility), leakages, lack of adequate maintenance, equipment malfunction (failure to start, failure during working time, etc.), lack of electricity (or other energy source), ICT failure (hardware or software failure, internet, SCADA problems, etc.), cyber-attack, impact due to excavation works (digging, piling), ground works, etc.; commercial/market/financial agreements with third-country suppliers, commercial dispute, control of infrastructure relevant for the security of gas supply by third-country entities, which may imply, among others, risks of underinvestment, undermining diversification or non-respect of Union law, price volatility, underinvestment, sudden, unexpected peak demand, other risks which could lead to structural underperformance; social strikes (in different related sectors, such as the gas sector, ports, transport, etc.), sabotage, vandalism, theft; natural earthquakes, landslides, floods (heavy rain, river), storms (sea), avalanches, extreme weather conditions, fires (external to the facility, like nearby forests, grassland, etc.). describe the major transnational risk and any other relevant risk factors for the risk group, including their likelihood and impact as well as the interaction and correlation of risks among Member States, as appropriate; describe the criteria used to determine whether a system is exposed to high/unacceptable risks; set a list of relevant risk scenarios in accordance with the sources of risks and describe how the selection was made; indicate the extent to which scenarios prepared by ENTSOG have been considered.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-01 · Text as adopted (Official Journal); later amendments are not incorporated in this text.