Memorias de investigación
Communications at congresses:
A review on the effects of structural breaks and volatility clustering characteristics of Spanish gas and Brent prices
Year:2017

Research Areas
  • Electric engineers, electronic and automatic (eil),
  • Industrial structure,
  • Industrial economy,
  • Finance

Information
Abstract
The case of Spanish gas market is a good example, where gas supply conditions comprising a substantial amount of long-term contracts together with limited connectivity with France, may explain the slower pace of implementation of a liquid gas hub in the country. Moreover, the fact that globally the relationship between natural gas and crude oil prices is not certainly transparent, not only because gas markets are regionally segmented, raises questions about the view of steady state growth of natural gas prices. The objective of the study is primarily to evaluate the underlying relationship between oil and natural gas in Spain and provide quantitative information on this relationship. The selected period, 2002 ? 2014 is a highly representative time window to also assess the progress of liberalization in the Spanish gas market. Furthermore the aim of the thesis is to assess the resilience of traditional oil-indexed structures and as a consequence to advance the degree of penetration of liquid hub pricing into Spain over the referred period.
International
No
Congress
INDUSTRIALES RESEARCH MEETING 2017
960
Place
MADRID
Reviewers
Si
ISBN/ISSN
978-84-16397-58-7
Start Date
04/04/2017
End Date
05/04/2017
From page
78
To page
78
INDUSTRIALES RESEARCH MEETING 2017
Participants

Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Ingeniería de la Calidad Alimentaria
  • Departamento: Ingeniería de Organización, Administración de Empresas y Estadística