The Chair of Research and Education on "The Economics of Natural Gas" (ENG Chair) is a joint initiative of Paris Dauphine-PSL University, IFPEN, Mines Paris Tech-PSL University, and Toulouse School of Economics. The German Institute for Economic Research (DIW) has recently joined these four academic institutions.
The ENG Chair is founded as from April 1st 2016, for an initial period of five years, with the objective of progressively enlarging the perimeter of the initial founders and sponsors to other European Universities, Institutions and Industry Stakeholders.
The objective of the ENG Chair is to promote research and education on the economics of natural gas.
On the research side, the ambition of the Chair is twofold: first, it acts as catalysis of research on the economics of natural gas; second, it eases the dialogue between academics and practitioners from the gas industry. The research activity is intended to select and develop the most important research questions relevant to understand the economics of the gas sector (using tools from economics of natural resources, industrial organization, competition and regulation, econometrics, operational research...). The perspective of these studies can be either on the European industry or on the international gas chain. The final objective is to produce policy relevant publications in top field journals.
The research topics on which the research activity of the Chair focuses on are as follows:
· The role of natural gas in the European Energy Transition;
· The regulation and the market design of the European gas industry;
· The economic and econometric analysis of the market and transportation data in European countries.
To develop such research topics, the Chair will regularly launch call for papers, with the objective of publishing working papers on its website (under an intellectual property rights agreement and reward) and provide PhD funding.
On the educational side, the Chair will ease the teaching of economics of natural gas to graduate scholars both from economists and professionals. To this end, the Chair will create an electronic dedicated directory encompassing all the relevant courses and classes on the economics, regulation, governance, etc. of the natural gas industry. A special focus will be devoted to stimulate the enrollment of graduate students in projects, case studies, research reports, with the final objective of attracting them to embark on doctoral studies in the economics of the gas sector. To this end, the Chair will host a web-based platform, to ease the matching between demand and supply of different educational initiative on the gas industry, both form academics and professionals.
The sponsors of the ENG Chair are EDF-Edison, GRTGaz and TOTAL.
O. Massol and A. Banal-Estañol (2016) Market Power and Spatial Arbitrage between Interconnected Gas Hubs. WP
O. Massol and E. Hache (2016) Sanctions against Iran: An assessment of their global impact through the lens of international methanol prices. WP
A. Creti, Introduction to the special issue: “Energy, commodities and geopolitics:Modeling issues”, Energy Econ. (2016), http://dx.doi.org/10.1016/j.eneco.2016.08.022
A. Cretì and F. Pontoni, Natural Gas Balancing, Storage, and Flexibility in Europe: Assessing the Recent Literature. Current Sustainable/Renewable Energy Reports. Springer International Publishing AG 9.07.2016