Up to now, the European natural gas trade was dominated by bilateral long-term upstream agreements between producers and midstreamers that fixed a minimum volume to be exchanged (Take Or Pay) and a price formula that was usually indexed on oil products prices. These arrangements were believed to...

Capacity expansion models in the power sector were among the first applications of operations research to the industry. The models lost some of their appeal at the inception of restructuring even though they still offer a lot of possibilities and are in many respect irreplaceable provided they...

The persistent uncertainty about mid-century CO2 emissions targets is likely to affect not only the technological choices that energy-producing firms will make in the future but also their current invest- ment decisions. We illustrate this effect on CO2 price and global energy transition within...