in China, Europe and the ASEAN countries, but lower prices, in a supply glut may stimulate more gas demand in price …

, following the loss of Russian pipeline gas in 2022. In a globalized market, the gas price drivers are increasingly complex and … simplistic analysis fails to account for these complexities. Simplistic analysis using the “cost stack” and that price always … fallacies and considers what the real, multi-dimensional, drivers of international gas price are in competitive markets. The …

, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …

to weather, seasonality, and supply disruptions strengthen the price relationship between these two commodities. When the …

. At the same time, we find that global natural gas prices do not yet adhere to the relative law of one price. Our results … also suggest that issues related to storage access in Alberta between 2017 and 2019 have limited price co-movements between …

pairwise, relative and σ-convergence. We show that there is evidence of pairwise price convergence and that some key … of price-growth convergence, while price-level convergence is not supported by the data. Lastly, we assess the the short …-run implications of price convergence focusing on the speed of reversion to equilibrium after a system-wide shocks hits the …