Tesis
Impact of natural gas storage on natural gas prices an empirical analysis of the Western European gas marke
Autor
Van der Maat, Jan-Pieter
Institución
Resumen
This paper examines the effect of natural gas storage on natural gas prices. Using a
comprehensive dataset containing daily data for the period 2010-2014 we estimate two
specifications for the Dutch, German and British natural gas markets. We do not find
evidence of a stabilising effect of natural gas storage on daily price changes. However we do
find strong evidence of a positive effect of inventory levels of natural gas storage facilities on
intertemporal price spreads