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This paper investigates the development of wholesale markets for natural gas at the different stages of market liberalization. We identify three steps in the process: wholesale trade initially develops to cope with balancing needs when the shippers and suppliers segments become more fragmented;...
Persistent link: https://www.econbiz.de/10013040122
transformation in Europe on its way to complete decarbonization. Mainstream conventional wisdom has it that natural gas, perhaps in … corresponding infrastructure is the next logical step of the transformation process in Europe. The lack of an economic perspective … phasing out of natural gas in Europe has already started, and will continue until its complete phase-out, most likely in the …
Persistent link: https://www.econbiz.de/10012270846
Natural gas plays an important role in the future development of electricity markets as it is the least emission intensive fossil generation option while additionally providing the needed flexibility in plant operation to deal with intermittent renewable generation. As both the electricity and...
Persistent link: https://www.econbiz.de/10010373320
supply interruptions. However, Russia continues to export liquefied natural gas (LNG) to Europe and still has some countries … in Central and Eastern Europe under control in terms of energy policy, which has so far prevented EU sanctions on Russian …
Persistent link: https://www.econbiz.de/10014536119
This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF and Zeebrugge). A common feature of energy prices is that conditional mean and volatility are driven by seasonal trends due to weather, demand, and storage level seasonalities....
Persistent link: https://www.econbiz.de/10013028042
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...
Persistent link: https://www.econbiz.de/10013025706
This paper confronts the current European gas regulation with the emerging new energy paradigm. It argues that due to a lack of policy credibility, the hold-up problem is a serious threat that will undermine the workings of the future EU gas market. This paper explores how one could from a...
Persistent link: https://www.econbiz.de/10014206027
Natural gas plays an important role in the future development of electricity markets as it is the least emission intensive fossil generation option while additionally providing the needed flexibility in plant operation to deal with intermittent renewable generation. As both the electricity and...
Persistent link: https://www.econbiz.de/10010488524
This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF and Zeebrugge). A common feature of energy prices is that conditional mean and volatility are driven by seasonal trends due to weather, demand, and storage level seasonalities....
Persistent link: https://www.econbiz.de/10010479020
Europe. However, DIW Berlin analyses show that the planned pipeline project Nord Stream 2 is not necessary to secure natural … gas supplies for Germany and Europe. The energy consumption forecasts on which the project is based, especially the EU … Reference Scenario, significantly overestimate natural gas demand in Germany and Europe. On the supply side, there will be no …
Persistent link: https://www.econbiz.de/10011869413