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Transatlantic Natural Gas Price and Oil Price Relationships - An Empirical Analysis

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  • Claudia Ines Vasquez Josse

    (IFPEN - IFP Energies nouvelles)

  • Anne Neumann

    (IFPEN - IFP Energies nouvelles)

Abstract

Markets for natural gas in industrialized countries have witnessed profound changes in the past two decades. Trade of natural gas at spot markets in North America and Europe expanded and intensified significantly as a direct result of liberalization efforts. We test the relationships of weekly prices for crude oil and natural gas on either side of the Atlantic Basin between 1999 and 2005. Applying cointegration methodology we identify a move toward integration of historically and geographically separated markets for the homogeneous commodity natural gas.

Suggested Citation

  • Claudia Ines Vasquez Josse & Anne Neumann, 2006. "Transatlantic Natural Gas Price and Oil Price Relationships - An Empirical Analysis," Working Papers hal-02468454, HAL.
    • Handle: RePEc:hal:wpaper:hal-02468454
    Note: View the original document on HAL open archive server: https://ifp.hal.science/hal-02468454
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    References listed on IDEAS

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    Cited by:

    1. Anthony Paris, 2016. "The Effect of Biofuels on the Link between Oil and Agricultural Commodity Prices: A Smooth Transition Cointegration Approach," EconomiX Working Papers 2016-5, University of Paris Nanterre, EconomiX.
    2. Dupoux, Marion, 2019. "The land use change time-accounting failure," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    3. Emmanuel Hache, 2018. "Do renewable energies improve energy security in the long run?," International Economics, CEPII research center, issue 156, pages 127-135.
    4. Gary Koop & Lise Tole, 2013. "Forecasting the European carbon market," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 176(3), pages 723-741, June.
    5. Albert Banal-Estañol & Jeremy Eckhause & Olivier Massol, 2015. "Incentives for early adoption of carbon capture technology: further considerations from a European perspective," Working Papers hal-02475485, HAL.
    6. Vincent Brémond & Emmanuel Hache & Tovonony Razafindrabe, 2015. "On the link between oil price and exchange rate : A time-varying VAR parameter approach," Working Papers hal-03206684, HAL.

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