The Economics of Natural Gas Storage (eBook, PDF)

A European Perspective
Redaktion: Cretì, Anna

• Format: PDF

Produktbeschreibung

Within the context of an evolving global market for natural gas and restructuring efforts in the European market, gas storage is an important element. Providing additional flexibility, promoting competition, and enhancing supply security are crucial factors for natural gas sector liberalization. Storage in Europe has come to the center of the energy policy debate mainly due to very cold temperatures in winter 2005/06 and gas price increases during that time period.

This book covers four main topics: development of commercial storage; access regulation; capacity allocation and market power; storage and security of gas supply. Each Chapter puts forth an innovative analytical model discussed or applied to realistically explain specific issues in one of the four biggest European gas consuming countries (France, Germany, Italy and the UK).

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 116
• Erscheinungstermin: 5. April 2009
• Englisch
• ISBN-13: 9783540794073
• Artikelnr.: 37372055

Inhaltsangabe

Gas Storage in Europe: Toward a Market-Oriented Approach.- Expected Vs. Observed Storage Usage: Limits to Intertemporal Arbitrage.- Natural Gas Storage and Market Power.- The Regulation of Access to Gas Storage.- Gas Storage and Security of Supply.- Final Remarks and Policy Recommendations.

Rezensionen

From the reviews: "The book introduces new applications of economic models to describe the enlarged playing fields of gas storage operators in the competitive market. ... The book is a collection of four articles by different authors and each targets a specific sub-task in the competitive market ... . This book is definitely an important step in analyzing the complex task of storages in the gas market ... . suggested to readers that are interested in the more technical background and theory of modelling the natural gas market." (Bastian Schwark, Competition and Regulation in Network Industries, Vol. 10 (4), 2009)