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We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen...
Persistent link: https://www.econbiz.de/10010324208
This paper provides a textbook example of integration between commodity markets, and the subsequent price convergence or absence thereof. We analyze price relations between spot markets for natural gas in Europe. We apply time-varying coefficient estimation applying the Kalman filter, to test...
Persistent link: https://www.econbiz.de/10010296793
security issues may be overrated. LNG will likely increase its share of European natural gas imports in the future, Russia will … is successfully converting from being a natural gas exporter to become a transit node for LNG towards continental Europe …, and congested pipeline infrastructure, and in some cases LNG terminals, will remain a feature of the European gas markets …
Persistent link: https://www.econbiz.de/10010274285
Vergangenheit bedient werden, die bedingt durch den technischen Fortschritt in der Förderung und im Transportbereich für Europa … Asien und Nordamerika. Somit existieren zukünftig zwar mehr Anbieter mit größeren Reservemengen, allerdings stehen diese …
Persistent link: https://www.econbiz.de/10010263198
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
the answers was to increase imports of liquefied natural gas (LNG). By bypassing the use of pipelines from the East by … building LNG terminals, the EU opened up a wider variety of potential suppliers. The Europe-Africa Energy and Climate … Coalition for Trade and Investment (ACTING) estimates potential sub-Saharan LNG export capacity at 134 million tonnes of LNG …
Persistent link: https://www.econbiz.de/10014637402
pathways are based on natural gas or renewable electricity. LNG represents an increasingly important component of the global … natural gas market. This paper examines synergies and linkages between the hydrogen and LNG values chains and quantifies the … impact of increased low-carbon hydrogen production on global LNG flows. The analysis is conducted through interviews with LNG …
Persistent link: https://www.econbiz.de/10012653860
winter period. Our analysis shows that disruptions in the low-demand summer months could be compensated for, mainly by LNG …
Persistent link: https://www.econbiz.de/10010293361
erheblich gesteigert werden; Europa sollte in der Liberalisierung dem Vorbild der Vereinigten Staaten folgen. Russland kommt … aufgrund des sich globalisierenden Handels mit Flüssiggas (LNG) ab. Der freie Zugang zu Erdgaspipelines und -speichern sowie …
Persistent link: https://www.econbiz.de/10011601734
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