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The US shale gas revolution has caused a substantial decline of US dependency on natural gas imports and has led to a significant decrease of spot prices for natural gas at Henry Hub. Given that the recent LNG development has been largely oriented towards the US market, this was the major reason...
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Recent supply security concerns in Europe have revived interest into the natural gas market. Here, we investigate investment behavior and trade in an imperfect market structure under uncertainty in both supply and demand. We focus on three uncertain events: i) transit of Russian gas via Ukraine...
Persistent link: https://www.econbiz.de/10013017301
Author's thesis is simple: Oil and gas jurisprudence has a bright future. We live in a hydrocarbons world, and our … economic system is not going to change dramatically overnight; we will continue to live in a world powered and heated by … hydrocarbons for at least the next twenty years. In fact, world demand for oil and gas is likely to increase substantially. From …
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; trade ; cartel ; collusion ; World Gas Model … countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production … withhold production. The results shows that compared to a Base Case, a gas cartel would reduce total supplied quantities and …
Persistent link: https://www.econbiz.de/10003793058
countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production … withhold production. The results shows that compared to a Base Case, a gas cartel would reduce total supplied quantities and … North America would be affected more than other parts of the world. Lastly, the vulnerability of gas importers worldwide on …
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Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...
Persistent link: https://www.econbiz.de/10011399200