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In this paper, we compile and analyse the most important determinants of natural gas prices. We provide a short overview of different methods used for studying natural gas prices. Afterwards, we classify the most important determinants for gas prices based on literature. Thereby, we describe the impact of the components on gas prices as well as the strength of the respective influences. On the demand...
Energy Policy is a part of national or community policy that concerns the development of the energy sector. Well-designed Energy Policy, should determine the prospective shape of the power sector and constitute a guideline for investors, banks and GENCOs. It should also propose some mechanisms to achieve its objectives. The Energy Policies of Member States must be coherent with European Energy Policy...
The US production of unconventional gas has grown drastically in recent years and is proved to be a case of success. In former years the US imported natural gas in order to meet their high demand and, therefore, invested in LNG import terminals. Since then, production of shale gas is considered to have a potential to change the world natural gas market, as both scientific community and policy makers...
Regulators hope that competitive forces will be enough to create efficiency, and hence we see their persistent policy concerns about market structure, resource adequacy and regional interconnection. Facilitating the latter, in particular, through greater network interconnection capacities, and the harmonization of trading at various local hubs is going to be actively pursued in many parts of Europe...
Structural changes in the European natural gas market such as liberalization, increasing domestic demand, and increasing import dependency have triggered new attempts to model these markets accurately. In this paper, we propose an exhaustive model of the European natural gas supply including the possibility of strategic behaviour of the agents along the value-added chain. Using the fact that the most...
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