We use the Shapley value and the nucleolus to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two pipelines, `Nord Stream' and `South Stream', allow Russian gas to bypass transit countries, Ukraine and Belarus. The third...

Existing cooperative game theoretic studies of bargaining power in gas pipeline systems are based on the so called characteristic function form (CFF). This approach is potentially misleading if some pipelines fall under regulated third party access (TPA). TPA, which is by now the norm in the EU,...

This paper provides an empirical analysis linking two theories of the firm. We analyze corporate strategies in the emerging global market for liquefied natural gas. First, following Porter, we identify three strategic target market positions: chain optimization versus flexibility strategy versus...

This paper analyzes the role of storage for economies facing the risk of a gas supply disruption. We characterize the optimal/competitive transitory dynamics (accumulation, drainage and target stock). We partially relax the irreversibility hypothesis, by extending the model in two directions:...

The role of natural gas is of critical importance in the global gas markets. The last thirty years have seen a shift in the global energy fuel mix towards an increased role for natural gas. The competition between coal and natural gas has tremendous implications for air pollution and climate...

Poland entered the twenty-first century with an unsustainable energy/electricity mix, strongly over-dependent on coal. This situation seems to be changing very slowly, while there are multiple factors that make it imperative for the issue to be urgently addressed. On the one hand, this paper...

The article specifies that the network for transporting the natural gas in Eastern Romania must operate in stable, safe and economic-efficiency conditions of infrastructure which ensures a continuous supply of gaseous fuel. The paper reveals conceptual and practical problems related to the...

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...

Multiple gas dependencies have evolved in terms of imports (sources), exports (markets) and transit of gas, both among the post-Soviet countries as well as between the post-Soviet countries and countries outside the post-Soviet space. To a significant extent, these dependencies are based on the...

This paper traces the process of deregulation in the US natural gas market in the 1970s and 1980s and the restructuring of the gas market in the 1990s. I review the politics behind deregulation and the actions of the FPC and FERC to first regulate the market and then implement the Natural Gas...