electricity is low and net-availability and transport capacity high. Accounting for periods of gas specific pricing is relevant … prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. …

experienced severe, simultaneous price spikes. While frequently attributed to limited pipeline capacity serving the region, we … owing gas. This behavior blocks other firms from utilizing pipeline capacity, which artificially limits gas supply to the … region and drives up gas and electricity prices. The firms observed to withhold pipeline capacity also own non …

This paper investigates the economic value of trade when prices of transportation services are endogenous to cross-market … price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short … transportation costs and market integration. We use this method to quantify the effect of endogenous transportation costs on the …

address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …

After opening up of the Interconnector, the liberalized UK natural gas market and the regulated Continental gas markets … Continental market and to the fact that the significant call options embedded in the complex take-or-pay contracts make these … contracts the marginal source of supply. However, in an interim period after deregulation of the UK gas market (1995) and the …

natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the …

incomplete long-term contracts. Still, spot market forces could be indicative for tax shifting, by determining the ex post … natural gas, oil and electricity, for different market segments (households, industry, power generators) in EU countries …

The Russian gas market is highly regulated. In this paper we examine possible impacts of regulatory changes on the … demand side of this market. In particular, we consider the effects on Russian energy consumers of removing natural gas … Russian pipeline capacity to Europe, as well as impacts of hypothetical changes in Russian gas export behavior. For this …