ABADA, Ibrahim; EHRENMANN, Andreas; SMEERS, Yves - Center for Operations Research and Econometrics (CORE), … - 2014
Up to now, the European natural gas trade was dominated by bilateral long-term upstream agreements between producers and midstreamers that fixed a minimum volume to be exchanged (Take Or Pay) and a price formula that was usually indexed on oil products prices. These arrangements were believed to...