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In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price …
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information and shocks into the market price. Our analysis indicates that the market integration process has been impacted by … the US’s congested and fully utilized LNG infrastructure. Our analysis also shows that the gas price differentials adjust …
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source of the price change. Specifically, I find that the reaction of drilling is significantly stronger after an economic … activity shock than after a gas demand shock (e.g. due to oil price fluctuations). In addition, it is shown that demand …
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