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InterFuel Competition as a Factor in the Evolution of Natural Gas Pricing in Europe

Author

Listed:
  • S. L. Komlev

    (Directorate of OOO Gazprom Export)

  • D. A. Chapaikin

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences)

Abstract

The exceptionally high volatility of exchange prices on European trading floors reduces the investment attractiveness of the gas industry. The authors of the article attribute this volatility to the entry of the European gas market into a period of unsteady development, characterized by growing volumes of nontargeted LNG with their role destabilizing the market. The article highlights several successive stages in the transformation of natural gas pricing mechanisms. The historical change in pricing models has been shown through the prism of interfuel competition in the markets. An up-to-date quantitative analysis of the dependence of gas prices on coal and oil prices has been carried out, reflecting the described periods. A qualitative forecast of gas price volatility corridors in the medium and long term has been proposed.

Suggested Citation

  • S. L. Komlev & D. A. Chapaikin, 2023. "InterFuel Competition as a Factor in the Evolution of Natural Gas Pricing in Europe," Studies on Russian Economic Development, Springer, vol. 34(5), pages 609-617, October.
    • Handle: RePEc:spr:sorede:v:34:y:2023:i:5:d:10.1134_s1075700723050076
    DOI: 10.1134/S1075700723050076
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    References listed on IDEAS

    as
    1. Митрова Татьяна Алексеевна & Галкина Анна Александровна, 2013. "Межтопливная Конкуренция," Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 17(3), pages 372-389.
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