Gas in European gas hubs

This paper provides empirical evidence on the price and volatility transmission among the main European (National Balancing Point and Title Transfer Facility) and the Japan-Korean Marker (JKM) gas markets with that of Brent crude oil market, a crude oil benchmark used in Europe and Asia. The paper provides evidence that there are no price spillovers among oil and gas in European gas hubs. The European markets, contrary to the JKM market, seem to be mature enough as in the case of the US gas market.

15p kethamoi7 15-08-2020 22 2   Download