Journal article
European natural gas prices
- Abstract:
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There are two types of gas sold in Europe. Their appearance and physical characteristics are identical; the only difference is the way in which they are priced. This summer, pipeline gas from Russia and North Africa was selling at around $8/mmbtu, while traded or 'spot' gas in the UK was selling for around $3/mmbtu. The fact that the same commodity should be the subject of such extreme price variation raises three questions:
- How has the market architecture developed to allow such disparities to arise?
- What are the forces currently applying stresses to this structure?
- Is such a system sustainable?
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
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(Preview, Version of record, pdf, 206.2KB, Terms of use)
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Authors
- Publisher:
- Oxford Institute for Energy Studies
- Journal:
- Oxford Energy Forum More from this journal
- Volume:
- 79
- Pages:
- 14-17
- Publication date:
- 2009-11-01
- Edition:
- Publisher's version
- ISSN:
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0959-7727
- Language:
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English
- Keywords:
- UUID:
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uuid:3226c3b3-7272-45a5-bfcb-7a70719d881a
- Local pid:
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ora:11284
- Deposit date:
-
2015-04-29
- ARK identifier:
Terms of use
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 2009
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