This paper by Jonathan Stern and Howard Rogers argue that Continental European gas markets are moving inexorably from oil-linked to hub-based pricing. Market prices for gas increasingly reflect a complex combination of national regional and global supply and demand for gas rather than oil products. An increasingly competitive European gas market created by third party […]
President Putin’s comment that Russia will study the possibility of creating a “gas-OPEC” created a wave of newspaper headlines. Jonathan Stern argues that gas-OPEC is a distraction from much more important issues which have recently emerged in gas trade between Russia and Europe.
Natural gas production in the markets of organisation for economic cooperation and development (OECD) countries such as North America and Europe is beginning to decline, while demand for gas is boosted by new investments in gas-fired power generation, and by increased environmental awareness. The need to import gas, and henceforth to trade it internationally, has […]
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