The construction of a second Baltic Sea natural gas pipeline from Russia to Germany (Nord Stream 2) is very controversial for political, energy economic, and ecological reasons. The project owner and some European energy companies argue that it is a profitable, private-sector investment project...

Der Bau der zweiten Ostsee-Erdgaspipeline (Nord Stream 2) ist aus politischen, energiewirtschaftlichen und ökologischen Gründen sehr umstritten. Der Projektbetreiber und einige europäische Energieversorgungsunternehmen argumentieren, es handele sich um ein privatwirtschaftlich angelegtes,...

The construction of a second Baltic Sea natural gas pipeline from Russia to Germany (Nord Stream 2) is very controversial for political, energy economic, and ecological reasons. The project owner and some European energy companies argue that it is a profitable, private-sector investment project...

Der Bau der zweiten Ostsee-Erdgaspipeline (Nord Stream 2) ist aus politischen, energiewirtschaftlichen und ökologischen Gründen sehr umstritten. Der Projektbetreiber und einige europäische Energieversorgungsunternehmen argumentieren, es handele sich um ein privatwirtschaftlich angelegtes,...

The increase in liquefied natural gas trade has accelerated the integration of previously segmented markets in North America, Europe, and Asia. This paper provides evidence on the integration of the transatlantic natural gas market. We test the theoretical proposition that in integrating markets...

We present an optimization model of the European natural gas market which is intended for the use within a regulatory approach providing incentives for efficient transmission investments. The stylized model is designed as welfare maximization taking into account production, pipeline, LNG, and...

We propose a merchant-regulatory framework to promote investment in the European natural gas network infrastructure based on a price cap over two-part tariffs. As suggested by Vogelsang (2001) and Hogan et al. (2010), a profit maximizing network operator facing this regulatory constraint will...