مجلة الأصيل للبحوث الاقتصادية والإدارية

Algerian Pipeline Gas Pricing In The Italian And Spanish Markets: Structural Changes In Oil And European Gas Price Pass-through, 2009-2025

Auteurs : Mazouz Khelifa . Boughidene Rachid .

Résumé

This paper analyzes oil and European gas price pass-through to Algerian pipeline-gas border prices in Italy and Spain over the 2009-2025. We use monthly Eurostat trade data and ARDL-ECM models with structural-break tests to assess long-run elasticities, adjustment dynamics and destination heterogeneity. Both Brent and European gas prices remain relevant for both, but their relative importance and transmission differ across markets. The strongest evidence of structural instability is concentrated in the second half of 2022, although results are more sensitive to the specification for Spain. Overall, the results suggest a destination-specific reconfiguration of pass-through rather than an outright exit from oil-linked pricing.

Mots clés

Algeria ; pipeline gas ; oil prices ; European gas markets ; structural change