We analyse effects of various natural gas supply scenarios in a liberalised Western European energy market in 2010. Our starting point is the uncertainties about future natural gas exports from Russia and LNG-producing countries. Our results indicate that the average natural gas producer price in Western Europe is likely to be higher in 2010 than the average historical price the last 15 years, even in an optimistic supply scenario. We find only modest effects on both average natural gas producer prices and trade patterns of radical changes in supply volumes. However, there are significant country specific differences, primarily related to the reliance on Russian gas exports and the use of gas fired power generation
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Paper provided by Research Department of Statistics Norway in its series Discussion Papers with number
379.
Find related papers by JEL classification: D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models F17 - International Economics - - Trade - - - Trade Forecasting and Simulation Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply
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