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. …

operators of storage facilities realize seasonal arbitrage profits, and that market performance overall is substantially …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 …

We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and …

America, Europe, and Asia. This paper provides evidence on the integration of the transatlantic natural gas market. We test … suggest an increasing convergence of spot prices on either side of the Atlantic Basin. -- Market integration ; spot markets …