to an error correction model. Overall, our results suggest a reasonable degree of price convergence between the … corresponding hubs. However, allowing for time-variant adjustment processes, the remaining price differentials are only partly … ; price convergence ; time-varying coefficient …

substantial price differences between gas from different export countries, and do prices move together? Time series of Norwegian … prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We …. Among the explanatory factors for price discrepancies are differences in volume flexibility (swing) and perceived political …

substantial price differences between gas from different export countries, and do prices move together? Time series of Norwegian … prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We …. Among the explanatory factors for price discrepancies are differences in volume flexibility (swing) and perceived political …

pairwise, relative and σ-convergence. We show that there is evidence of pairwise price convergence and that some key … of price-growth convergence, while price-level convergence is not supported by the data. Lastly, we assess the the short …-run implications of price convergence focusing on the speed of reversion to equilibrium after a system-wide shocks hits the …

As for any other fuels used for transport or heating, the gas price for final users could be split into three major … components: the wholesale price for the resource (including far distance transport by ship or pipeline), taxes and finally a … assorted group of mainly smaller price drivers (such as local transport, storage, marketing costs or retail margins). This …

deviation between crude oil and gas price changes in the US. The empirical results suggest the necessity to establish trading …