Due to a number of structural market shifts, a new context for European gas regulation has arisen. In this new context, regulation must ensure adequate investments in a gas market that is dominated by producers, where political considerations are becoming more important, and where supply...

The restructuring of the gas industry did not so far generate the same modeling activity as in electricity. While the literature of activity in electricity market models is now abundant, it is still rather scant on the gas side. This paper surveys some of the existing models and attempts to take...

This paper aims to assess the role of expectations as a determinant of the real price of natural gas. To measure expectations-driven speculative demand three approaches are followed, which are based respectively on using natural gas inventories consistently with the theory of storage (Kilian and...