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Pipeline power : a case study of strategic network investments ; conference paper

Hubert, Franz; Cobanli, Onur - 2014 - This version: January 2014

We use the Shapley value and the nucleolus to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two pipelines, `Nord Stream' and `South Stream', allow Russian gas to bypass transit countries, Ukraine and Belarus. The third...

Persistent link: https://www.econbiz.de/10010490647

Modelling transfer profits as externalities in a cooperative game-theoretic model of natural gas networks

Csercsik, Dávid; Hubert, Franz; Sziklai, Balázs R.; … - 2019

Existing cooperative game theoretic studies of bargaining power in gas pipeline systems are based on the so called characteristic function form (CFF). This approach is potentially misleading if some pipelines fall under regulated third party access (TPA). TPA, which is by now the norm in the EU,...

Persistent link: https://www.econbiz.de/10012016390

Strategic investment in international gas-transport systems : a dynamic analysis of the hold-up problem

Hubert, Franz (contributor); Suleymanova, Irina (contributor) - 2008

We develop a dynamic model of strategic investment in a transnational pipeline system. In the absence of international contract enforcement, countries may distort investment in order to increase their bargaining power, resulting in overinvestment in expensive and underinvestment in cheap...

Persistent link: https://www.econbiz.de/10003793068

Linking natural gas markets : is LNG doing its job?

Neumann, Anne (contributor) - 2008

The increase in liquefied natural gas trade has accelerated the integration of previously segmented markets in North America, Europe, and Asia. This paper provides evidence on the integration of the transatlantic natural gas market. We test the theoretical proposition that in integrating markets...

Persistent link: https://www.econbiz.de/10003779207

Perspectives of the European natural gas markets until 2025

Holz, Franziska (contributor); … - 2008

We apply the EMF 23 study design to simulate the effects of the reference case and the scenarios to European natural gas supplies to 2025. We use GASMOD, a strategic severallayer model of European gas supply, consisting of upstream natural gas producers, traders in each consuming European...

Persistent link: https://www.econbiz.de/10003779215

Analyse von Grenzkostenpreisen im Europäischen Gasmarkt

Lochner, Stefan; Dieckhöner, Caroline - 2008

Der An-und Verkauf von Erdgas an Großhandelsmärkten wird in einem zunehmend liberalisierten Gasmarkt auch in …. Die aktuell in der Realität zu beobachtende hohe Korrelation der europäischen Börsenpreise für Erdgas untereinander kann …. Grund dafür sind Infrastrukturengpässe in Zeiten hoher Nachfrage. -- Erdgas ; Europäischer Gasmarkt ; Erdgaspreise …

Persistent link: https://www.econbiz.de/10003850498

Do firms sell forward for strategic reasons? : an application to the wholesale market for natural gas

Eijkel, Remco van; Moraga-González, José Luis - 2010

Building on a model of the interaction of risk-averse frms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...

Persistent link: https://www.econbiz.de/10011380799

All quiet on the Eastern front? : disruption scenarios of Russian natural gas supply to Europe

Richter, Philipp M.; Holz, Franziska - 2014

The Russian-Ukrainian crisis has revitalized the European concerns of supply disruptions of natural gas as experienced in 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed since: imports aremore diversified, EU member states better connected and a...

Persistent link: https://www.econbiz.de/10010358860

A comparison between shale gas in China and unconventional fuel development in the United States : health, water and environmental risks

Farah, Paolo D.; Tremolada, Riccardo - 2013

China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and produce commercial shale gas will have a...

Persistent link: https://www.econbiz.de/10010203405

Elasticities of supply for the US natural gas market

Ponce, Micaela; Neumann, Anne - 2014

In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data form 1987 to 2012 our analysis is based on an...

Persistent link: https://www.econbiz.de/10010339163

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