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...

Recent supply security concerns in Europe have revived interest into the natural gas market. Here, we investigate investment behavior and trade in an imperfect market structure under uncertainty in both supply and demand. We focus on three uncertain events: i) transit of Russian gas via Ukraine...