Publications / Research Papers
Natural Gas Market Integration in the Danube Region: The Role of Infrastructure DevelopmentCompetition and Regulation 2015 - books, chaptersPublished: 1 of January, 2012

The paper introduces the Danube Region Gas Market Model, a network and contract constrained multi-country competitive equilibrium model and applies it to estimate the impacts of new gas infrastructure investments on market integration, social welfare and supply security in the countries of Central and South-East Europe. Individual projects, project packages (e.g. North-South gas corridor for Central and Eastern Europe) and international pipeline projects (like Nabucco West) are evaluated according to Regional Cost Convergence Index. Estimates on price spill-over effects of new infrastructures are also presented. The model can support cost benefit analyses foreseen by the proposed European Infrastructure Package to identify EU projects of common interest.

Available at the publisher's website