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Abstract
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| 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. | |
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International
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No |
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Congress
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INDUSTRIALES RESEARCH MEETING 2017 |
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960 |
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Place
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MADRID |
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Reviewers
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Si |
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ISBN/ISSN
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978-84-16397-58-7 |
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Start Date
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04/04/2017 |
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End Date
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05/04/2017 |
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From page
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78 |
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To page
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78 |
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INDUSTRIALES RESEARCH MEETING 2017 |