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New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region's wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...
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Gazprom, the dominant gas company in Russia, is widely believed to be the key supplier of gas to Europe in the … for Gazprom to induce monopoly power in its export markets. Our main findings suggest that both increased domestic gas … low domestic prices, Gazprom may even have difficulties to carry out its long-term export commitments. However, if export …
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Turkey is a key country in order to realize the Southern Gas Corridor (SGC) due to its geographical location. However, as the main transit country within the SGC, Turkey could potentially exert market power with gas transits. Whether Turkey exerts market power or not, is crucial for an economic...
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purpose, we use a detailed numerical model for the energy markets in Europe and Russia - LIBEMOD. Our results suggest that … removing implicit subsidies to Russian gas consumers will have substantial impacts on total consumption of gas in Russia …
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