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...

Over the last decade decarbonisation has become a key priority for the EU. However, on the contrary of renewable energy or energy efficiency, the role of gas in this process has never been clearly defined. This uncertainty opens a wide debate on the future role of gas in the EU energy system,...

In this study, the informational efficiency of the European natural gas market is analyzed by empirically investigating price formation and arbitrage efficiency between spot and futures markets. Econometric approaches are specified that explicitly account for nonlinearities and the low...

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...

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...

The current article claims that the recent changes taking place in the EU gas market, and namely internal market drive and security of supply concerns, have a significant impact upon the process of natural gas odorization. The latter did not represent significant problems in previously...

The role of gases in the energy transition is a different, and much more immediate, issue in the EU, compared with other global regions. Net zero targets for 2050 mean that in order to retain the gas market and the extensive network infrastructure which has been developed, zero carbon gases will...

This paper determines the convenience yield implied in the European natural gas markets and investigates driving factors and according dynamics. For this, we approximate the convenience yield via an option-based approach, in which the convenience yield is determined as the difference between two...

Im Energiemix, den die Bundesregierung in ihrem Energiekonzept vorsieht, sollen in Zukunft die erneuerbaren Energien den Hauptanteil übernehmen. Wie muss eine langfristige Strategie für die zukünftige Energieversorgung aussehen, und welche Rolle spielt dabei die Atomkraft? Nach Ansicht von...

Die Energiepolitik steht vor zwei großen Herausforderungen: Erstens wird fossile Energie in Zukunft immer knapper und teurer, und weltweite Konflikte um Rohstoffe werden weiter zunehmen. Zweitens führt die Verbrennung fossiler Energieträger, insbesondere von Kohle, zu einem Anstieg der...