Impact of natural gas storage on natural gas prices an empirical analysis of the Western European gas marke
Professor Advisor
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Serra Banfi, Pablo
Author
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Van der Maat, Jan-Pieter
Admission date
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2017-01-24T19:02:36Z
Available date
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2017-01-24T19:02:36Z
Publication date
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2015-12
Identifier
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https://repositorio.uchile.cl/handle/2250/142637
General note
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Master Thesis Economic Analysis
es_ES
Abstract
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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