Petrovitch Beatrice

The paper supports the thesis that European gas hub prices respond to supply and demand forces ; but as flow patterns across the European geography change, for example due to LNG being diverted away from Europe towards Asia and with the opening of North Stream, new ‘pinch points’ or bottlenecks emerge which can cause hub prices to de-link.

Available at: https://www.oxfordenergy.org/2014/09/european-gas-hubs-price-correlation-barriers-to-convergence/