Around 60% of internationally traded gas is shipped through pipelines. In Europe alone, there are around twenty cross-border gas transmission pipelines and new pipelines continue to be proposed. Yet, proposed pipelines often do not make it past the planning stage. Existing research has been...

The purpose of this paper is the comparative analysis of four natural gas storage valuation approaches. In competitive natural gas markets the optimal valuation and operation of natural gas storages is a key task for natural gas companies operating storages. Within this paper, four spot based...