The liquefied natural gas (LNG) industry is characterized by systematic inter-regional price differentials, raising the question of whether sellers price discriminate. This paper measures market power in the LNG spot market and studies how market power influences pricing, trade and welfare. I...

Purpose: The liquefied natural gas (LNG) business comprises a number of economic activities with inherent risks. This paper proposes an integrated modelling approach, as part of the investment decision making process, for optimising economic returns from LNG whilst taking into account...

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...

Intelligent Systems, thanks to their effectiveness and robustness, find many applications in various industries. One of such applications is optimization of distribution network of small-scale LNG market, which was highly dynamic throughout last years. LNG (Liquified Natural Gas) is a fuel...