全球智库信息集成服务系统(G2TT): The Dynamics of a Liberalised European Gas Market – Key determinants of hub prices, and roles and risks of major players

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来源类型	Papers
规范类型	报告
DOI	https://doi.org/10.26889/9781784670184
	The Dynamics of a Liberalised European Gas Market – Key determinants of hub prices, and roles and risks of major players
	Jonathan Stern; Howard Rogers
发表日期	2014-12-01
出版年	2014
页码	9
语种	英语
概述	Hub pricing is dominant in north west European gas markets and is spreading to the south and east of the Continent. A new study by Howard Rogers and Jonathan Stern finds that the most important determinants of European hub prices will be global gas market dynamics. Changes in these dynamics will create price competition between […]
摘要	Hub pricing is dominant in north west European gas markets and is spreading to the south and east of the Continent. A new study by Howard Rogers and Jonathan Stern finds that the most important determinants of European hub prices will be global gas market dynamics. Changes in these dynamics will create price competition between LNG from a variety of sources (including North America) and Russian pipeline gas in Europe. Changes in prices and contracts in the new competitive environment of European gas markets have had significant impacts on the roles and risks of the major groups of European gas market players. Mid-stream energy trading companies have encountered the biggest problems because hub pricing has rendered their traditional business model (at least partially) unworkable, and an urgency to move to a hub-minus/hub-plus commercial model. Should this prove impossible, companies are likely to exit the natural gas sector with significant impacts on security of supply, and the likelihood that many existing long term contracts will be unable to survive into the 2020s. Executive Summary
主题	Country and Regional Studies ; Energy Economics ; Energy Policy ; Energy Security ; Gas ; Gas Programme
关键词	gas hubs long-term contracts Market Liberalisation mid stream utilities NG 94 NG94 Oil-indexation price formation
URL	https://www.oxfordenergy.org/publications/the-dynamics-of-a-liberalised-european-gas-market-key-determinants-of-hub-prices-and-roles-and-risks-of-major-players/
来源智库	Oxford Institute for Energy Studies (United Kingdom)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/312339
推荐引用方式 GB/T 7714	Jonathan Stern,Howard Rogers. The Dynamics of a Liberalised European Gas Market – Key determinants of hub prices, and roles and risks of major players. 2014.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
NG-94.pdf（2413KB）	智库出版物		限制开放	CC BY-NC-SA	浏览