The main goal of this paper is to investigate whether the long memory behavior observed in many volatility energy futures markets series is a spurious behavior or not. For this purpose, we employ a wide variety of advanced volatility models that allow for long memory and/or structural changes:...

With Gazprom gaining prominence as the major supplier of natural gas in the European Union, the European gas market becomes more politicized. We assume that Gazprom's interest as a state monopolist is not only to maximize profit, but also to seek market power, presumably because this contributes...

This article studies factors that affect stability of supply of natural gas. It examines the relative influence of political relations between the involved states on the stability of supply. The article identifies the factors that affect the propensity of a state to use disruption of natural gas...

We provide the first high-frequency investigation of price discovery within the physical and financial layers of Europe's natural gas markets. Testing not only looks at short-term return dynamics, but also considers each security's contribution to price equilibrium in the longer-term. Results...

The non-Gazprom gas producers (NGPs) doubled their share of the Russian domestic gas market between 2000 and 2010 and have continued growing since then. For several years especially Novatek expanded. More recently, Rosneft has emerged as a key player, not least through its purchase of TNK-BP....

The aim of this study is to place the notion of energy security under critical scrutiny by unpacking how different actors manipulate the term through the mobilization of existential language as a prism for creating securitization discourse. Through an examination of an Israeli inter-ministerial...

The purpose of this paper is to document and review existing national gas emergency plans in the European Union, following the guidelines and requirements set out by the EU's Regulation 994/2010 concerning measures to safeguard security of gas supply. Despite the great deal of attention paid to...

With a strong global demand for some 30 years, natural gas is a particular challenge for countries of South and Central America since each cubic meter of natural gas that is consumed is produced in this continent. It therefore seems appropriate to consider the risk of a collision gas and its...