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Persistent link: https://www.econbiz.de/10014334678
We use cooperative game theory to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two of them, Nord Stream and South Stream, allow Russian gas to bypass transit countries, Ukraine and Belarus. Nord Stream's strategic value...
Persistent link: https://www.econbiz.de/10010500225
We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...
Persistent link: https://www.econbiz.de/10010265029
This paper presents results of simulating a more collusive behavior of a group of natural gas producing and exporting countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production, trade, and consumption between 2005 and 2030. In...
Persistent link: https://www.econbiz.de/10010274286
This SIMAT Working Paper deals with an intensively discussed topic in the German natural gas economy: The price-link in natural gas contracts. Because of opposite price developments of the energy commodities such as oil, coal or natural gas, the traditionally used oil price-link is facing a...
Persistent link: https://www.econbiz.de/10010317981
Facilities Doctrine" dar, die sich aus dem Antitrust-Recht in den USA entwickelte: Hier steht die Frage im Mittelpunkt, durch … Umgestaltung des leitungsgebundenen Energiesektors durch die Binnenmarktrichtlinien Strom (19.2.1997) und Erdgas (10 … über Regelungen hinaus, die bei einer Umsetzung der Binnenmarktrichtlinie Erdgas als Mindestumfang erforderlich gewesen …
Persistent link: https://www.econbiz.de/10010305326
Persistent link: https://www.econbiz.de/10012320675
Mit einem Importanteil von mehr als 50% beruht ein Großteil der deutschen Gasversorgung auf Lieferungen aus Russland. Es würde schwerfallen, diese kurzfristig zu ersetzen, da sowohl die Kapazitäten der LNG-Terminals als auch die Transportkapazitäten des bestehenden Pipelinenetzes begrenzt...
Persistent link: https://www.econbiz.de/10013173999
The issue of security of gas supplies is frequently discussed on the basis of intuitive and non-systematic arguments. Greater import dependence is normally equated with greater insecurity, and strategic stocks are the risk management tool most commonly considered. This paper strives to offer a...
Persistent link: https://www.econbiz.de/10011324989
The gas price shock has been a major contributor to inflation in Germany. In this context, Dullien and Weber (2022a, b, c) proposed a two-tier pricing scheme for natural gas in the spring of 2022 that lowers the price for a base quota through a subsidy while maintaining high market prices on the...
Persistent link: https://www.econbiz.de/10014334675