Introduction -- Energy security : the current approaches of scholarship -- U.S.-Russia energy ties -- U.S.-Azerbaijan energy diplomacy : BTC and beyond -- Russia-Germany energy cooperation -- The Ukraine conflict : a game-changer? -- Conclusions and policy recommendations : away from resource...

Natural gas storages may be valuated by applying real options theory. However it is crucial, not to ignore that most evolving gas spot markets, like the German spot market, lack of liquidity. In this context, considering storage operators as price takers does not account for interdependencies of...