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dc.contributor.authorAsche, Frank
dc.contributor.authorOsmundsen, Petter
dc.contributor.authorTveterås, Ragnar
dc.date.accessioned2006-08-09T11:07:08Z
dc.date.available2006-08-09T11:07:08Z
dc.date.issued2000-09
dc.identifier.isbn82-491-0075-1 (trykt versjon)
dc.identifier.issn0803-4036
dc.identifier.urihttp://hdl.handle.net/11250/164613
dc.description.abstractIn this paper we examine the degree of market integration in French gas imports. Are there substantial price differences between gas from different export countries, and do prices move together? Furthermore, we analyze to what extent the French, German and Belgian markets are integrated. The long-term take-or-pay contracts are described and analyzed. Time series of Norwegian, Dutch and Russian gas export prices are examined for the period 1990-1997. Cointegration tests show that that the different border prices for gas to France move proportionally over time, indicating that the Law of One Price holds. Although one could expect different producer countries to have different supply obligations, we do not find any significant differences in mean prices. When the study is extended to an inter-country analysis including Germany and Belgium, we find that national markets are highly integrated.en
dc.format.extent199906 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherSNFen
dc.relation.ispartofseriesReporten
dc.relation.ispartofseries2000:45en
dc.subjectmarket integrationen
dc.subjectnatural gasen
dc.subjectgas marketsen
dc.subjectcointegrationen
dc.titleMarket integration for natural gas in Europeen
dc.typeResearch reporten


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