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The increase in liquefied natural gas trade has accelerated the integration of previously segmented markets in North America, Europe, and Asia. This paper provides evidence on the integration of the transatlantic natural gas market. We test the theoretical proposition that in integrating markets...
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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
Germany and Russia. The additional leverage obtained through South Stream, in contrast, appears small. The third project …, Nabucco, aims at diversifying Europe's gas imports by accessing producers in Middle East and Central Asia. It curtails Russia …
Persistent link: https://www.econbiz.de/10010500225
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
starting point is the uncertainties about future natural gas exports from Russia and LNG-producing countries. Our results …
Persistent link: https://www.econbiz.de/10011968149
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 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
gas (LNG) infrastructure development on the US Pacific Coast. Our results show considerable changes in production …, consumption, traded volumes, and prices between the scenarios. Investments in pipelines, LNG terminals and storage are also …
Persistent link: https://www.econbiz.de/10010274288
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