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History and Prospects of Natural Gas Pricing in Continental Europe in Conditions of Instability of World Oil Prices

Author

Listed:
  • Alexander Lvovich Elyakov
  • Isabella Damdinovna Elyakova
  • Larisa Ivanovna Danilova
  • Alexander Andreevich Khristoforov
  • Oleg Ilich Kondratev
  • Valentina Vasilyevna Grigoryeva

Abstract

The article substantiates the need to assess changes in world prices for natural gas in conditions of volatility in world oil prices. The study is aimed at making forecasts of changes in world prices for natural gas in Continental Europe based on historical trend analysis. The main method of the study is the method of correlation-regression analysis, with the help of which the strength of the correlation of world prices for natural gas from world oil prices was revealed. Also, methods of historical trend and mathematical analysis were used to determine the main forecast scenarios for natural gas price levels. The study is a new approach to analyzing the pricing of world prices for natural gas based on the revealed dependence on world oil prices. The article examines the natural gas market of Continental Europe in dynamics and analyzes its evolution, as well as a link to the world oil market to make forecasts of the cost of natural gas.

Suggested Citation

  • Alexander Lvovich Elyakov & Isabella Damdinovna Elyakova & Larisa Ivanovna Danilova & Alexander Andreevich Khristoforov & Oleg Ilich Kondratev & Valentina Vasilyevna Grigoryeva, 2017. "History and Prospects of Natural Gas Pricing in Continental Europe in Conditions of Instability of World Oil Prices," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 323-338.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3a:p:323-338
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    References listed on IDEAS

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    More about this item

    Keywords

    natural gas; oil; Continental Europe; the natural gas market. JEL Classification: F14; F17; F47;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

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