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Is there a rationale for the continuing link to oil product prices in continental European long-term gas contracts?

Abstract:

This paper examines the rationale for the continuing linkage of European gas prices to oil product prices. With the passage of liberalisation and competition legislation by the EU and national governments, starting in the late 1990s, it was expected that prices would be determined by gas to gas competition, as happened in both North America and the UK in the 1980s and 1990s. However, in the 2000s, North American and UK gas prices regained a more immediate correlation with oil prices, while Co...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Series:
OIES paper
Publication date:
2007-01-01
Paper number:
NG19
ISBN:
1901795594
Language:
English
Keywords:
UUID:
uuid:8e70ae06-b474-4671-8b11-3f1cc9bd1b28
Local pid:
ora:10563
Deposit date:
2015-03-13

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