Path Dependency in the Energy Industry: The Case of Long-term Oil-indexed Gas Import Contracts in Continental Europe

Path Dependency in the Energy Industry: The Case of Long-term Oil-indexed Gas Import Contracts in Continental Europe

This paper seeks to explain the persistence of a business model that was instrumental in creating pan-European natural gas markets but refused to retire when the markets outgrew it. Long-term oil-indexed agreements enabled the emergence of international gas markets in Europe since the early 1960s an...

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Bibliographic Details
Main Author: Peter Buhanist
Format: Article
Language:English
Published: EconJournals 2015-12-01
Series:International Journal of Energy Economics and Policy
Subjects:
gas trade
gazprom
path dependence
Online Access:https://dergipark.org.tr/tr/pub/ijeeep/issue/31915/351023?publisher=http-www-cag-edu-tr-ilhan-ozturk

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