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This Policy Brief offers a summation of the European Union’s vulnerability to natural gas supply security risks. Research for this paper was carried out in the context of the SECURE project (Security of Energy Considering its Uncertainties, Risks and Economic Implications), funded by the...
Persistent link: https://www.econbiz.de/10014188496
rather modest changes in the overall supply situation of natural gas to Europe, indicating that current worries about energy … Europe, and congested pipeline infrastructure, and in some cases LNG terminals, will remain a feature of the European gas …
Persistent link: https://www.econbiz.de/10014206833
We analyze the relation between European natural gas storage facilities and price patterns at major trading points, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency of the natural gas market, we apply two indirect...
Persistent link: https://www.econbiz.de/10014206835
This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF and Zeebrugge). A common feature of energy prices is that conditional mean and volatility are driven by seasonal trends due to weather, demand, and storage level seasonalities....
Persistent link: https://www.econbiz.de/10013028042
Persistent link: https://www.econbiz.de/10013393240
. When comparing the 2022/23 year on year difference, Europe as a whole had a 40% rise in traded volumes, whilst physical …
Persistent link: https://www.econbiz.de/10015045199
Persistent link: https://www.econbiz.de/10015062883
This paper analyzes the implications of disruptions in Russian gas for Europe's balances and economic output …. Alternative sources could replace up to 70 percent of Russian gas, allowing Europe to avoid shortages during a temporary … disruption of around 6 months. However, a longer full shut-off of Russian gas to the whole of Europe would likely interact with …
Persistent link: https://www.econbiz.de/10015060252
The Gas Troika on the European Gas Market assesses the energy policy of the Gas Troika Organization (GTO) as an entity and its members, Russia, Iran and Qatar, operating in the European gas market (EGM) between 2008 and 2015. The book focuses on their interests, policies and frameworks, and the...
Persistent link: https://www.econbiz.de/10014550665
Europe (GIE) maintains similar transparency initiatives, providing data on the use of liquefied natural gas (LNG) terminals … essentially represent an archive of the European natural gas system and how the security of supply situation of Europe can be …
Persistent link: https://www.econbiz.de/10014577680