Today’s gas glut and yesterday’s contracts : the British gas predicament
In the first half of 1995 the UK gas market underwent a price shock. At the beginning of the year gas had been trading on a short-term basis in an informal telephone market at a level of around 18-19p/therm. This was approximately in line with the average long-term contract prices paid by British Ga...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1996
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