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This work in progress considers the bargaining options of a natural gas transit country. The paper describes the situation with potential hold-up due to asset specific investments and the timing of the hold-up by the transit country
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European gas markets experienced a very turbulent period from 2020 to 2022, which led to the lowest ever northwest European gas prices at the end of May 2020, then several strong rallies led to four successive ‘highest ever’ prices, the most recent being in August 2022. After each of those...
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Chapter 1. Why Gas? -- Chapter 2. Why Latin Europe? -- Part 1: Dawn and Consolidation of Latin Europe’s Industrialisation: the Evolution of Gas in the 19th Century -- Chapter 3. The Internationalization of the English Gas Industry in Latin Europe in the 19th Century -- Chapter 4. First Steps...
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