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Liberalizing Russian gas markets : an economic analysis
Aune, Finn Roar; Golombek, Rolf; Hallre, Hilde; Moe, Arild - 2015
subsidies, and how changes in Russian gas consumption may affect its gas export to Europe. We also examine the importance of … Russian pipeline capacity to Europe, as well as impacts of hypothetical changes in Russian gas export behavior. For this … removing gas subsidies. More competitive Russian gas export behavior would lead to much higher gas export to Europe, but our …
Persistent link: https://www.econbiz.de/10010533092
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UK natural gas : gas-specific or oil driven pricing?
Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2013
In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...
Persistent link: https://www.econbiz.de/10010212645
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Energy taxes and natural gas demand in EU-countries
Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2001
Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who is actually bearing the burden of increased energy taxes in the EU-area - consumers or exporters. Traditional tax incidence theory presumes spot...
Persistent link: https://www.econbiz.de/10011399311
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Trade with endogenous transportation costs : the value of LNG exports
Oglend, Atle; Osmundsen, Petter; Selland Kleppe, Tore - 2015
endogenous, the LNG export benefit can drop by as much as 20-50% relative to the case of exogenous cost. …
Persistent link: https://www.econbiz.de/10010483579
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Modeling UK natural gas prices when gas prices periodically decouple from the oil price
Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2015
When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...
Persistent link: https://www.econbiz.de/10010486860
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Jump processes in natural gas markets
Mason, Charles F.; Wilmot, Neil - 2014
Natural gas is likely to become increasingly important in the future. Understanding the stochastic underpinnings of natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the potential presence of jumps in natural gas spot prices in...
Persistent link: https://www.econbiz.de/10010235818
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Unconventional gas and the European Union : prospects and challenges for competitiveness
Vollebergh, Herman R. J.; Drissen, Eric - 2014
This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...
Persistent link: https://www.econbiz.de/10010422070
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European market integration for gas? : volume flexibility and political risk
Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2000
substantial price differences between gas from different export countries, and do prices move together? Time series of Norwegian …, Dutch and Russian gas export prices to Germany in 1990-1998 are examined. Cointegration tests show that the different border …
Persistent link: https://www.econbiz.de/10009781639
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Why Germany's "gas price brake" encourages moral hazard and raises gas prices
Dertwinkel-Kalt, Markus; Wey, Christian - 2022
To help German households and firms with exploding energy costs, the German government is about to implement a new transfer scheme called "gas price brake." A unique feature of this energy price relief measure is that both households and the industry receive a transfer that increases in one's...
Persistent link: https://www.econbiz.de/10013473667
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Sudden stop : supply and demand shocks in the German natural gas market
Güntner, Jochen; Reif, Magnus; Wolters, Maik H. - 2024
We use a structural VAR model to study the German natural gas market and investigate the impact of the 2022 Russian supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand shocks have large and persistent price effects, while...
Persistent link: https://www.econbiz.de/10014576948