Geman, Hélyette and Liu, B. (2015) Are world natural gas markets moving toward integration? Evidence from the HH and NBP forward curves. Journal of Energy Markets 8 (2), pp. 47-65. ISSN 1756-3607.
![[img]](https://eprints.bbk.ac.uk/style/images/fileicons/text.png) |
Text
15333.pdf - Author's Accepted Manuscript Restricted to Repository staff only Download (936kB) |
Abstract
We present the outlook of the world gas markets in 2014 and investigate whether the US and UK gas markets are moving toward integration. In order to do this, we classically study the cointegration of the Henry Hub and National Balancing Point indexes, but we also introduce the novel concept of distances between forward curves and propose three of them. From all these perspectives, and by analyzing a database covering the period January 2005 to April 2014, we conclude that no convergence has yet occurred between these two markets.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Research Centres and Institutes: | Commodities Finance Centre |
| Depositing User: | Helyette Geman |
| Date Deposited: | 26 May 2016 13:44 |
| Last Modified: | 02 Aug 2023 17:24 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/15333 |
Statistics
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
