Erdős, Péter; Ormos, Mihály - In: Energies 5 (2012) 10, pp. 4040-4056
We investigate the pricing formation of natural gas markets on three different continents (Europe, Asia and North America). We find that natural gas markets showed a strong relationship with the crude oil market between 1992 and 2001 and natural gas prices tended to thermal parity with crude oil...