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transport costs. The pricing of natural gas and greenhouse emissions influence the relative cost-efficiency of LNG and pipeline …
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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/10010265029
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...
Persistent link: https://www.econbiz.de/10010265030
place. Our results reveal that the construction of a pipeline between the UK and Zeebrugge (Belgium) has led to almost …
Persistent link: https://www.econbiz.de/10010296793
We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen...
Persistent link: https://www.econbiz.de/10010324208
based on buyer-seller contracts. With limited pipeline Infrastructure, different production costs for conventional and …
Persistent link: https://www.econbiz.de/10014165834
Over the period 2015–2050 the consumption of natural gas of European OECD countries is expected to grow more than the consumption of any other energy source. Although these countries are interconnected and in most cases share a common currency, their wholesale national gas markets are highly...
Persistent link: https://www.econbiz.de/10012897020
Der An-und Verkauf von Erdgas an Großhandelsmärkten wird in einem zunehmend liberalisierten Gasmarkt auch in …. Die aktuell in der Realität zu beobachtende hohe Korrelation der europäischen Börsenpreise für Erdgas untereinander kann …. Grund dafür sind Infrastrukturengpässe in Zeiten hoher Nachfrage. -- Erdgas ; Europäischer Gasmarkt ; Erdgaspreise …
Persistent link: https://www.econbiz.de/10003850498