The causal effect of the Russia-Ukraine conflict on natural gas prices in different markets

被引：4

作者：

Yu, Minjie ^{[1
]}

Sun, Zeyang ^{[2
]}

Huang, Charles Y. ^{[3
]}

Huang, Ho-Chuan ^{[1
,3
]}

机构：

[1] Huzhou Univ, Sch Econ & Management, Huzhou, Peoples R China

[2] Heilongjiang Univ, Sch Econ & Business Adm, Harbin, Peoples R China

[3] Huzhou Univ, Sch Econ & Management, Harbin, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2024年

关键词：

Natural gas price; Russia-Ukraine conflict; difference-in-differences (DID); synthetic DID (SDID); principal components DID (PCDID);

D O I：

10.1080/13504851.2024.2333460

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper utilizes a DID variant method to analyse the causal impact of the Russia-Ukraine conflict on natural gas prices across various markets. Findings show that average gas prices rose by 12.74, 11.55, 11.24, and 1.18 ($/mmbtu) in key markets such as the Title Transfer Facility (TTF), National Balancing Point (NBP), Japan-Korea Marker (JKM), and Henry Hub (HH), respectively. Moreover, European and Asian markets (TTF, NBP, JKM) are more sensitive to the conflict compared to the U.S. market (HH), displaying significant differences. Notably, the most substantial impact is observed in the European market (TTF), likely due to Europe's reliance on Russian natural gas.

引用

页数：5

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