Étiqueté : Oil-indexation

The effect of LNG on the relationship between UK and Continental European natural gas markets

This EPRG paper empirically investigates the long-term relationship and offers two main contributions: (i) To the best knowledge of the author, this is the first study to take into account important UK spot gas market drivers such as seasonality, temperature and gas storage injection/withdrawal behaviour when examining the structural relationship between UK and Continental European markets. (ii) The effect of UK import capacity extensions since 2005, through both pipeline and LNG regasifcation capacity, on this longterm relationship will be analyzed.

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