id sid tid token lemma pos issue-2267 1 1 baltic baltic PROPN issue-2267 1 2 journal journal PROPN issue-2267 1 3 of of ADP issue-2267 1 4 economic economic ADJ issue-2267 1 5 studies study NOUN issue-2267 1 6 130 130 NUM issue-2267 1 7 vol vol NOUN issue-2267 1 8 . . PUNCT issue-2267 2 1 9 9 NUM issue-2267 2 2 no no NOUN issue-2267 2 3 . . NOUN issue-2267 2 4 5 5 NUM issue-2267 2 5 , , PUNCT issue-2267 2 6 2023 2023 NUM issue-2267 2 7 this this PRON issue-2267 2 8 is be AUX issue-2267 2 9 an an DET issue-2267 2 10 open open ADJ issue-2267 2 11 access access NOUN issue-2267 2 12 article article NOUN issue-2267 2 13 , , PUNCT issue-2267 2 14 distributed distribute VERB issue-2267 2 15 under under ADP issue-2267 2 16 the the DET issue-2267 2 17 terms term NOUN issue-2267 2 18 of of ADP issue-2267 2 19 the the DET issue-2267 2 20 creative creative ADJ issue-2267 2 21 commons common NOUN issue-2267 2 22 attribution attribution NOUN issue-2267 2 23 cc cc VERB issue-2267 2 24 by by ADP issue-2267 2 25 4.0 4.0 NUM issue-2267 2 26 1 1 NUM issue-2267 2 27 state state NOUN issue-2267 2 28 organization organization NOUN issue-2267 2 29 " " PUNCT issue-2267 2 30 institute institute NOUN issue-2267 2 31 of of ADP issue-2267 2 32 the the DET issue-2267 2 33 economy economy NOUN issue-2267 2 34 and and CCONJ issue-2267 2 35 forecasting forecasting NOUN issue-2267 2 36 of of ADP issue-2267 2 37 the the DET issue-2267 2 38 national national PROPN issue-2267 2 39 academy academy PROPN issue-2267 2 40 of of ADP issue-2267 2 41 sciences sciences PROPN issue-2267 2 42 of of ADP issue-2267 2 43 ukraine ukraine NOUN issue-2267 2 44 " " PUNCT issue-2267 2 45 , , PUNCT issue-2267 2 46 ukraine ukraine NOUN issue-2267 2 47 ( ( PUNCT issue-2267 2 48 corresponding correspond VERB issue-2267 2 49 author author NOUN issue-2267 2 50 ) ) PUNCT issue-2267 2 51 e e NOUN issue-2267 2 52 - - NOUN issue-2267 2 53 mail mail NOUN issue-2267 2 54 : : PUNCT issue-2267 2 55 olexandra.kurbet@gmail.com olexandra.kurbet@gmail.com X issue-2267 2 56 orcid orcid NOUN issue-2267 2 57 : : PUNCT issue-2267 2 58 https://orcid.org/0000-0002-4519-0552 https://orcid.org/0000-0002-4519-0552 NOUN issue-2267 2 59 researcherid researcherid VERB issue-2267 2 60 : : PUNCT issue-2267 2 61 i-9104 i-9104 PROPN issue-2267 2 62 - - PUNCT issue-2267 2 63 2018 2018 NUM issue-2267 2 64 2 2 NUM issue-2267 2 65 state state NOUN issue-2267 2 66 organization organization NOUN issue-2267 2 67 " " PUNCT issue-2267 2 68 institute institute NOUN issue-2267 2 69 of of ADP issue-2267 2 70 the the DET issue-2267 2 71 economy economy NOUN issue-2267 2 72 and and CCONJ issue-2267 2 73 forecasting forecasting NOUN issue-2267 2 74 of of ADP issue-2267 2 75 the the DET issue-2267 2 76 national national PROPN issue-2267 2 77 academy academy PROPN issue-2267 2 78 of of ADP issue-2267 2 79 sciences sciences PROPN issue-2267 2 80 of of ADP issue-2267 2 81 ukraine ukraine NOUN issue-2267 2 82 " " PUNCT issue-2267 2 83 , , PUNCT issue-2267 2 84 ukraine ukraine ADJ issue-2267 2 85 e e NOUN issue-2267 2 86 - - NOUN issue-2267 2 87 mail mail NOUN issue-2267 2 88 : : PUNCT issue-2267 3 1 bubl13@gmail.com bubl13@gmail.com X issue-2267 3 2 orcid orcid NOUN issue-2267 3 3 : : PUNCT issue-2267 3 4 https://orcid.org/0000-0002-6080-9341 https://orcid.org/0000-0002-6080-9341 PROPN issue-2267 3 5 3 3 NUM issue-2267 3 6 state state NOUN issue-2267 3 7 organization organization NOUN issue-2267 3 8 " " PUNCT issue-2267 3 9 institute institute NOUN issue-2267 3 10 of of ADP issue-2267 3 11 the the DET issue-2267 3 12 economy economy NOUN issue-2267 3 13 and and CCONJ issue-2267 3 14 forecasting forecasting NOUN issue-2267 3 15 of of ADP issue-2267 3 16 the the DET issue-2267 3 17 national national PROPN issue-2267 3 18 academy academy PROPN issue-2267 3 19 of of ADP issue-2267 3 20 sciences sciences PROPN issue-2267 3 21 of of ADP issue-2267 3 22 ukraine ukraine NOUN issue-2267 3 23 " " PUNCT issue-2267 3 24 , , PUNCT issue-2267 3 25 ukraine ukraine ADJ issue-2267 3 26 e e NOUN issue-2267 3 27 - - NOUN issue-2267 3 28 mail mail NOUN issue-2267 3 29 : : PUNCT issue-2267 3 30 slyvkatetiana@nas.gov.ua slyvkatetiana@nas.gov.ua NOUN issue-2267 3 31 orcid orcid PROPN issue-2267 3 32 : : PUNCT issue-2267 3 33 https://orcid.org/0000-0001-6955-5539 https://orcid.org/0000-0001-6955-5539 PROPN issue-2267 3 34 doi doi PROPN issue-2267 3 35 : : PUNCT issue-2267 3 36 https://doi.org/10.30525/2256-0742/2023-9-5-130-142 https://doi.org/10.30525/2256-0742/2023-9-5-130-142 PROPN issue-2267 4 1 development development NOUN issue-2267 4 2 of of ADP issue-2267 4 3 natural natural ADJ issue-2267 4 4 gas gas NOUN issue-2267 4 5 exchange exchange NOUN issue-2267 4 6 infrastructure infrastructure NOUN issue-2267 4 7 : : PUNCT issue-2267 4 8 european european ADJ issue-2267 4 9 experience experience NOUN issue-2267 4 10 and and CCONJ issue-2267 4 11 ukraine ukraine PROPN issue-2267 4 12 oleksandra oleksandra PROPN issue-2267 4 13 kurbet1 kurbet1 PROPN issue-2267 4 14 , , PUNCT issue-2267 4 15 yevhen yevhen ADV issue-2267 4 16 bublyk2 bublyk2 PROPN issue-2267 4 17 , , PUNCT issue-2267 4 18 tetiana tetiana PROPN issue-2267 4 19 slyvka3 slyvka3 NOUN issue-2267 4 20 abstract abstract ADJ issue-2267 4 21 . . PUNCT issue-2267 5 1 the the DET issue-2267 5 2 aim aim NOUN issue-2267 5 3 of of ADP issue-2267 5 4 this this DET issue-2267 5 5 paper paper NOUN issue-2267 5 6 is be AUX issue-2267 5 7 to to PART issue-2267 5 8 summarise summarise VERB issue-2267 5 9 the the DET issue-2267 5 10 conditions condition NOUN issue-2267 5 11 and and CCONJ issue-2267 5 12 problems problem NOUN issue-2267 5 13 of of ADP issue-2267 5 14 the the DET issue-2267 5 15 development development NOUN issue-2267 5 16 of of ADP issue-2267 5 17 the the DET issue-2267 5 18 gas gas NOUN issue-2267 5 19 market market NOUN issue-2267 5 20 exchange exchange NOUN issue-2267 5 21 in in ADP issue-2267 5 22 european european ADJ issue-2267 5 23 countries country NOUN issue-2267 5 24 , , PUNCT issue-2267 5 25 and and CCONJ issue-2267 5 26 to to PART issue-2267 5 27 identify identify VERB issue-2267 5 28 the the DET issue-2267 5 29 necessary necessary ADJ issue-2267 5 30 elements element NOUN issue-2267 5 31 for for ADP issue-2267 5 32 its its PRON issue-2267 5 33 successful successful ADJ issue-2267 5 34 functioning functioning NOUN issue-2267 5 35 in in ADP issue-2267 5 36 ukraine ukraine NOUN issue-2267 5 37 . . PUNCT issue-2267 6 1 methodology methodology NOUN issue-2267 6 2 . . PUNCT issue-2267 7 1 the the DET issue-2267 7 2 study study NOUN issue-2267 7 3 is be AUX issue-2267 7 4 based base VERB issue-2267 7 5 on on ADP issue-2267 7 6 the the DET issue-2267 7 7 historical historical ADJ issue-2267 7 8 and and CCONJ issue-2267 7 9 logical logical ADJ issue-2267 7 10 methods method NOUN issue-2267 7 11 of of ADP issue-2267 7 12 analysing analyse VERB issue-2267 7 13 the the DET issue-2267 7 14 development development NOUN issue-2267 7 15 of of ADP issue-2267 7 16 the the DET issue-2267 7 17 infrastructure infrastructure NOUN issue-2267 7 18 of of ADP issue-2267 7 19 energy energy NOUN issue-2267 7 20 exchanges exchange NOUN issue-2267 7 21 in in ADP issue-2267 7 22 germany germany PROPN issue-2267 7 23 , , PUNCT issue-2267 7 24 austria austria PROPN issue-2267 7 25 , , PUNCT issue-2267 7 26 italy italy PROPN issue-2267 7 27 , , PUNCT issue-2267 7 28 romania romania PROPN issue-2267 7 29 and and CCONJ issue-2267 7 30 poland poland PROPN issue-2267 7 31 . . PUNCT issue-2267 8 1 the the DET issue-2267 8 2 paper paper NOUN issue-2267 8 3 uses use VERB issue-2267 8 4 empirical empirical ADJ issue-2267 8 5 ( ( PUNCT issue-2267 8 6 observation observation NOUN issue-2267 8 7 , , PUNCT issue-2267 8 8 comparison comparison NOUN issue-2267 8 9 ) ) PUNCT issue-2267 8 10 and and CCONJ issue-2267 8 11 theoretical theoretical ADJ issue-2267 8 12 ( ( PUNCT issue-2267 8 13 analysis analysis NOUN issue-2267 8 14 , , PUNCT issue-2267 8 15 synthesis synthesis NOUN issue-2267 8 16 , , PUNCT issue-2267 8 17 systematisation systematisation NOUN issue-2267 8 18 , , PUNCT issue-2267 8 19 generalisation generalisation NOUN issue-2267 8 20 ) ) PUNCT issue-2267 8 21 research research NOUN issue-2267 8 22 methods method NOUN issue-2267 8 23 . . PUNCT issue-2267 9 1 in in ADP issue-2267 9 2 general general ADJ issue-2267 9 3 , , PUNCT issue-2267 9 4 the the DET issue-2267 9 5 years year NOUN issue-2267 9 6 of of ADP issue-2267 9 7 analysis analysis NOUN issue-2267 9 8 cover cover VERB issue-2267 9 9 the the DET issue-2267 9 10 period period NOUN issue-2267 9 11 from from ADP issue-2267 9 12 2007 2007 NUM issue-2267 9 13 to to ADP issue-2267 9 14 2023 2023 NUM issue-2267 9 15 due due ADP issue-2267 9 16 to to ADP issue-2267 9 17 the the DET issue-2267 9 18 launch launch NOUN issue-2267 9 19 of of ADP issue-2267 9 20 natural natural ADJ issue-2267 9 21 gas gas NOUN issue-2267 9 22 trading trading NOUN issue-2267 9 23 on on ADP issue-2267 9 24 the the DET issue-2267 9 25 analysed analyse VERB issue-2267 9 26 exchanges exchange NOUN issue-2267 9 27 . . PUNCT issue-2267 10 1 in in ADP issue-2267 10 2 order order NOUN issue-2267 10 3 to to PART issue-2267 10 4 analyse analyse VERB issue-2267 10 5 the the DET issue-2267 10 6 dynamics dynamic NOUN issue-2267 10 7 and and CCONJ issue-2267 10 8 show show VERB issue-2267 10 9 the the DET issue-2267 10 10 evolution evolution NOUN issue-2267 10 11 of of ADP issue-2267 10 12 natural natural ADJ issue-2267 10 13 gas gas NOUN issue-2267 10 14 trading trading NOUN issue-2267 10 15 on on ADP issue-2267 10 16 the the DET issue-2267 10 17 european european ADJ issue-2267 10 18 energy energy NOUN issue-2267 10 19 exchanges exchange NOUN issue-2267 10 20 , , PUNCT issue-2267 10 21 information information NOUN issue-2267 10 22 on on ADP issue-2267 10 23 volumes volume NOUN issue-2267 10 24 and and CCONJ issue-2267 10 25 structure structure NOUN issue-2267 10 26 of of ADP issue-2267 10 27 the the DET issue-2267 10 28 natural natural ADJ issue-2267 10 29 gas gas NOUN issue-2267 10 30 segment segment NOUN issue-2267 10 31 was be AUX issue-2267 10 32 collected collect VERB issue-2267 10 33 from from ADP issue-2267 10 34 their their PRON issue-2267 10 35 annual annual ADJ issue-2267 10 36 reports report NOUN issue-2267 10 37 , , PUNCT issue-2267 10 38 official official ADJ issue-2267 10 39 press press NOUN issue-2267 10 40 releases release NOUN issue-2267 10 41 and and CCONJ issue-2267 10 42 newsletters newsletter NOUN issue-2267 10 43 for for ADP issue-2267 10 44 the the DET issue-2267 10 45 years year NOUN issue-2267 10 46 2007–2021 2007–2021 NUM issue-2267 10 47 ( ( PUNCT issue-2267 10 48 eex eex NOUN issue-2267 10 49 and and CCONJ issue-2267 10 50 eex eex PROPN issue-2267 10 51 group group NOUN issue-2267 10 52 ) ) PUNCT issue-2267 10 53 , , PUNCT issue-2267 10 54 2019–2022 2019–2022 NUM issue-2267 10 55 ( ( PUNCT issue-2267 10 56 cegh cegh VERB issue-2267 10 57 , , PUNCT issue-2267 10 58 also also ADV issue-2267 10 59 using use VERB issue-2267 10 60 energy energy NOUN issue-2267 10 61 community community NOUN issue-2267 10 62 data datum NOUN issue-2267 10 63 ) ) PUNCT issue-2267 10 64 , , PUNCT issue-2267 10 65 2021–2022 2021–2022 NOUN issue-2267 10 66 ( ( PUNCT issue-2267 10 67 gme gme NOUN issue-2267 10 68 ) ) PUNCT issue-2267 10 69 , , PUNCT issue-2267 10 70 2020 2020 NUM issue-2267 10 71 ( ( PUNCT issue-2267 10 72 anre anre NOUN issue-2267 10 73 , , PUNCT issue-2267 10 74 tge tge VERB issue-2267 10 75 ) ) PUNCT issue-2267 10 76 . . PUNCT issue-2267 11 1 to to PART issue-2267 11 2 analyse analyse VERB issue-2267 11 3 the the DET issue-2267 11 4 dynamics dynamic NOUN issue-2267 11 5 of of ADP issue-2267 11 6 the the DET issue-2267 11 7 ueex ueex PROPN issue-2267 11 8 development development PROPN issue-2267 11 9 , , PUNCT issue-2267 11 10 a a DET issue-2267 11 11 sample sample NOUN issue-2267 11 12 of of ADP issue-2267 11 13 data datum NOUN issue-2267 11 14 for for ADP issue-2267 11 15 7 7 NUM issue-2267 11 16 years year NOUN issue-2267 11 17 has have AUX issue-2267 11 18 been be AUX issue-2267 11 19 presented present VERB issue-2267 11 20 , , PUNCT issue-2267 11 21 collected collect VERB issue-2267 11 22 from from ADP issue-2267 11 23 annual annual ADJ issue-2267 11 24 reports report NOUN issue-2267 11 25 , , PUNCT issue-2267 11 26 press press NOUN issue-2267 11 27 releases release NOUN issue-2267 11 28 and and CCONJ issue-2267 11 29 additional additional ADJ issue-2267 11 30 sources source NOUN issue-2267 11 31 of of ADP issue-2267 11 32 analytical analytical ADJ issue-2267 11 33 data datum NOUN issue-2267 11 34 due due ADP issue-2267 11 35 to to ADP issue-2267 11 36 the the DET issue-2267 11 37 lack lack NOUN issue-2267 11 38 of of ADP issue-2267 11 39 official official ADJ issue-2267 11 40 data datum NOUN issue-2267 11 41 for for ADP issue-2267 11 42 some some DET issue-2267 11 43 periods period NOUN issue-2267 11 44 . . PUNCT issue-2267 12 1 in in ADP issue-2267 12 2 order order NOUN issue-2267 12 3 to to PART issue-2267 12 4 examine examine VERB issue-2267 12 5 changes change NOUN issue-2267 12 6 in in ADP issue-2267 12 7 the the DET issue-2267 12 8 structure structure NOUN issue-2267 12 9 of of ADP issue-2267 12 10 ueex ueex PROPN issue-2267 12 11 natural natural ADJ issue-2267 12 12 gas gas NOUN issue-2267 12 13 trading trading NOUN issue-2267 12 14 volumes volume NOUN issue-2267 12 15 , , PUNCT issue-2267 12 16 monthly monthly ADJ issue-2267 12 17 trading trading NOUN issue-2267 12 18 volumes volume NOUN issue-2267 12 19 for for ADP issue-2267 12 20 2020–2023 2020–2023 NUM issue-2267 12 21 were be AUX issue-2267 12 22 collected collect VERB issue-2267 12 23 and and CCONJ issue-2267 12 24 grouped group VERB issue-2267 12 25 by by ADP issue-2267 12 26 short short ADJ issue-2267 12 27 - - PUNCT issue-2267 12 28 term term NOUN issue-2267 12 29 and and CCONJ issue-2267 12 30 mediumand mediumand NOUN issue-2267 12 31 long long ADJ issue-2267 12 32 - - PUNCT issue-2267 12 33 term term NOUN issue-2267 12 34 products product NOUN issue-2267 12 35 . . PUNCT issue-2267 13 1 results result NOUN issue-2267 13 2 . . PUNCT issue-2267 14 1 this this DET issue-2267 14 2 paper paper NOUN issue-2267 14 3 examines examine VERB issue-2267 14 4 the the DET issue-2267 14 5 importance importance NOUN issue-2267 14 6 of of ADP issue-2267 14 7 exchange exchange NOUN issue-2267 14 8 trading trading NOUN issue-2267 14 9 in in ADP issue-2267 14 10 the the DET issue-2267 14 11 natural natural ADJ issue-2267 14 12 gas gas NOUN issue-2267 14 13 market market NOUN issue-2267 14 14 . . PUNCT issue-2267 15 1 based base VERB issue-2267 15 2 on on ADP issue-2267 15 3 the the DET issue-2267 15 4 experience experience NOUN issue-2267 15 5 of of ADP issue-2267 15 6 european european ADJ issue-2267 15 7 countries country NOUN issue-2267 15 8 , , PUNCT issue-2267 15 9 such such ADJ issue-2267 15 10 as as ADP issue-2267 15 11 eex eex PROPN issue-2267 15 12 in in ADP issue-2267 15 13 germany germany PROPN issue-2267 15 14 , , PUNCT issue-2267 15 15 cegh cegh VERB issue-2267 15 16 ge ge PROPN issue-2267 15 17 in in ADP issue-2267 15 18 austria austria PROPN issue-2267 15 19 and and CCONJ issue-2267 15 20 gme gme PROPN issue-2267 15 21 in in ADP issue-2267 15 22 italy italy PROPN issue-2267 15 23 , , PUNCT issue-2267 15 24 brm brm NOUN issue-2267 15 25 in in ADP issue-2267 15 26 romania romania PROPN issue-2267 15 27 , , PUNCT issue-2267 15 28 and and CCONJ issue-2267 15 29 tge tge VERB issue-2267 15 30 in in ADP issue-2267 15 31 poland poland PROPN issue-2267 15 32 , , PUNCT issue-2267 15 33 it it PRON issue-2267 15 34 can can AUX issue-2267 15 35 be be AUX issue-2267 15 36 said say VERB issue-2267 15 37 that that SCONJ issue-2267 15 38 each each DET issue-2267 15 39 country country NOUN issue-2267 15 40 has have VERB issue-2267 15 41 its its PRON issue-2267 15 42 own own ADJ issue-2267 15 43 characteristics characteristic NOUN issue-2267 15 44 and and CCONJ issue-2267 15 45 path path NOUN issue-2267 15 46 to to ADP issue-2267 15 47 a a DET issue-2267 15 48 liberal liberal ADJ issue-2267 15 49 market market NOUN issue-2267 15 50 . . PUNCT issue-2267 16 1 the the DET issue-2267 16 2 german german ADJ issue-2267 16 3 and and CCONJ issue-2267 16 4 austrian austrian ADJ issue-2267 16 5 cases case NOUN issue-2267 16 6 showed show VERB issue-2267 16 7 that that SCONJ issue-2267 16 8 cooperation cooperation NOUN issue-2267 16 9 and and CCONJ issue-2267 16 10 integration integration NOUN issue-2267 16 11 inevitably inevitably ADV issue-2267 16 12 lead lead VERB issue-2267 16 13 to to ADP issue-2267 16 14 the the DET issue-2267 16 15 growth growth NOUN issue-2267 16 16 of of ADP issue-2267 16 17 exchanges exchange NOUN issue-2267 16 18 , , PUNCT issue-2267 16 19 as as SCONJ issue-2267 16 20 happened happen VERB issue-2267 16 21 with with ADP issue-2267 16 22 the the DET issue-2267 16 23 start start NOUN issue-2267 16 24 of of ADP issue-2267 16 25 the the DET issue-2267 16 26 pegas pegas PROPN issue-2267 16 27 cooperation cooperation NOUN issue-2267 16 28 , , PUNCT issue-2267 16 29 when when SCONJ issue-2267 16 30 the the DET issue-2267 16 31 italian italian ADJ issue-2267 16 32 government government NOUN issue-2267 16 33 - - PUNCT issue-2267 16 34 regulated regulate VERB issue-2267 16 35 exchange exchange NOUN issue-2267 16 36 did do AUX issue-2267 16 37 not not PART issue-2267 16 38 show show VERB issue-2267 16 39 such such DET issue-2267 16 40 a a DET issue-2267 16 41 rapid rapid ADJ issue-2267 16 42 growth growth NOUN issue-2267 16 43 trend trend NOUN issue-2267 16 44 . . PUNCT issue-2267 17 1 other other ADJ issue-2267 17 2 elements element NOUN issue-2267 17 3 that that PRON issue-2267 17 4 ensured ensure VERB issue-2267 17 5 the the DET issue-2267 17 6 development development NOUN issue-2267 17 7 of of ADP issue-2267 17 8 exchange exchange NOUN issue-2267 17 9 trading trading NOUN issue-2267 17 10 in in ADP issue-2267 17 11 natural natural ADJ issue-2267 17 12 gas gas NOUN issue-2267 17 13 were be AUX issue-2267 17 14 identified identify VERB issue-2267 17 15 : : PUNCT issue-2267 17 16 diversification diversification NOUN issue-2267 17 17 of of ADP issue-2267 17 18 the the DET issue-2267 17 19 market market NOUN issue-2267 17 20 and and CCONJ issue-2267 17 21 commodity commodity NOUN issue-2267 17 22 portfolios portfolio NOUN issue-2267 17 23 , , PUNCT issue-2267 17 24 improved improved ADJ issue-2267 17 25 clearing clearing NOUN issue-2267 17 26 , , PUNCT issue-2267 17 27 a a DET issue-2267 17 28 reliable reliable ADJ issue-2267 17 29 control control NOUN issue-2267 17 30 and and CCONJ issue-2267 17 31 accountability accountability NOUN issue-2267 17 32 system system NOUN issue-2267 17 33 , , PUNCT issue-2267 17 34 a a DET issue-2267 17 35 combination combination NOUN issue-2267 17 36 of of ADP issue-2267 17 37 market market NOUN issue-2267 17 38 mechanisms mechanism NOUN issue-2267 17 39 and and CCONJ issue-2267 17 40 state state NOUN issue-2267 17 41 supervision supervision NOUN issue-2267 17 42 , , PUNCT issue-2267 17 43 and and CCONJ issue-2267 17 44 the the DET issue-2267 17 45 development development NOUN issue-2267 17 46 of of ADP issue-2267 17 47 technology technology NOUN issue-2267 17 48 . . PUNCT issue-2267 18 1 it it PRON issue-2267 18 2 was be AUX issue-2267 18 3 concluded conclude VERB issue-2267 18 4 that that SCONJ issue-2267 18 5 ukraine ukraine PROPN issue-2267 18 6 has have VERB issue-2267 18 7 the the DET issue-2267 18 8 prerequisites prerequisite NOUN issue-2267 18 9 and and CCONJ issue-2267 18 10 potential potential NOUN issue-2267 18 11 for for ADP issue-2267 18 12 the the DET issue-2267 18 13 functioning functioning NOUN issue-2267 18 14 of of ADP issue-2267 18 15 the the DET issue-2267 18 16 natural natural ADJ issue-2267 18 17 gas gas NOUN issue-2267 18 18 market market NOUN issue-2267 18 19 on on ADP issue-2267 18 20 a a DET issue-2267 18 21 liberal liberal ADJ issue-2267 18 22 basis basis NOUN issue-2267 18 23 . . PUNCT issue-2267 19 1 at at ADP issue-2267 19 2 the the DET issue-2267 19 3 same same ADJ issue-2267 19 4 time time NOUN issue-2267 19 5 , , PUNCT issue-2267 19 6 there there PRON issue-2267 19 7 is be VERB issue-2267 19 8 a a DET issue-2267 19 9 need need NOUN issue-2267 19 10 to to PART issue-2267 19 11 further far ADV issue-2267 19 12 develop develop VERB issue-2267 19 13 the the DET issue-2267 19 14 institutional institutional ADJ issue-2267 19 15 environment environment NOUN issue-2267 19 16 for for ADP issue-2267 19 17 exchange exchange NOUN issue-2267 19 18 trading trading NOUN issue-2267 19 19 , , PUNCT issue-2267 19 20 and and CCONJ issue-2267 19 21 the the DET issue-2267 19 22 above above ADJ issue-2267 19 23 elements element NOUN issue-2267 19 24 could could AUX issue-2267 19 25 be be AUX issue-2267 19 26 areas area NOUN issue-2267 19 27 for for ADP issue-2267 19 28 improvement improvement NOUN issue-2267 19 29 . . PUNCT issue-2267 20 1 the the DET issue-2267 20 2 practical practical ADJ issue-2267 20 3 implications implication NOUN issue-2267 20 4 are be AUX issue-2267 20 5 that that SCONJ issue-2267 20 6 an an DET issue-2267 20 7 energy energy NOUN issue-2267 20 8 exchange exchange NOUN issue-2267 20 9 is be AUX issue-2267 20 10 a a DET issue-2267 20 11 key key ADJ issue-2267 20 12 institution institution NOUN issue-2267 20 13 of of ADP issue-2267 20 14 a a DET issue-2267 20 15 liberal liberal ADJ issue-2267 20 16 gas gas NOUN issue-2267 20 17 market market NOUN issue-2267 20 18 , , PUNCT issue-2267 20 19 and and CCONJ issue-2267 20 20 a a DET issue-2267 20 21 strong strong ADJ issue-2267 20 22 exchange exchange NOUN issue-2267 20 23 infrastructure infrastructure NOUN issue-2267 20 24 ensures ensure VERB issue-2267 20 25 efficient efficient ADJ issue-2267 20 26 trade trade NOUN issue-2267 20 27 and and CCONJ issue-2267 20 28 regional regional ADJ issue-2267 20 29 integration integration NOUN issue-2267 20 30 . . PUNCT issue-2267 21 1 value value NOUN issue-2267 21 2 / / SYM issue-2267 21 3 originality originality NOUN issue-2267 21 4 . . PUNCT issue-2267 22 1 the the DET issue-2267 22 2 analysis analysis NOUN issue-2267 22 3 of of ADP issue-2267 22 4 the the DET issue-2267 22 5 experience experience NOUN issue-2267 22 6 of of ADP issue-2267 22 7 european european ADJ issue-2267 22 8 countries country NOUN issue-2267 22 9 allows allow VERB issue-2267 22 10 to to PART issue-2267 22 11 draw draw VERB issue-2267 22 12 conclusions conclusion NOUN issue-2267 22 13 about about ADP issue-2267 22 14 the the DET issue-2267 22 15 successful successful ADJ issue-2267 22 16 development development NOUN issue-2267 22 17 of of ADP issue-2267 22 18 infrastructure infrastructure NOUN issue-2267 22 19 and and CCONJ issue-2267 22 20 provide provide VERB issue-2267 22 21 recommendations recommendation NOUN issue-2267 22 22 for for ADP issue-2267 22 23 the the DET issue-2267 22 24 development development NOUN issue-2267 22 25 of of ADP issue-2267 22 26 the the DET issue-2267 22 27 ukrainian ukrainian ADJ issue-2267 22 28 energy energy NOUN issue-2267 22 29 exchange exchange NOUN issue-2267 22 30 , , PUNCT issue-2267 22 31 as as ADV issue-2267 22 32 well well ADV issue-2267 22 33 as as ADP issue-2267 22 34 identify identify VERB issue-2267 22 35 areas area NOUN issue-2267 22 36 for for ADP issue-2267 22 37 the the DET issue-2267 22 38 development development NOUN issue-2267 22 39 of of ADP issue-2267 22 40 regulatory regulatory ADJ issue-2267 22 41 policy policy NOUN issue-2267 22 42 to to PART issue-2267 22 43 ensure ensure VERB issue-2267 22 44 the the DET issue-2267 22 45 successful successful ADJ issue-2267 22 46 launch launch NOUN issue-2267 22 47 of of ADP issue-2267 22 48 exchange exchange NOUN issue-2267 22 49 trading trading NOUN issue-2267 22 50 in in ADP issue-2267 22 51 gas gas NOUN issue-2267 22 52 on on ADP issue-2267 22 53 national national ADJ issue-2267 22 54 markets market NOUN issue-2267 22 55 . . PUNCT issue-2267 23 1 key key ADJ issue-2267 23 2 words word NOUN issue-2267 23 3 : : PUNCT issue-2267 23 4 natural natural ADJ issue-2267 23 5 gas gas NOUN issue-2267 23 6 , , PUNCT issue-2267 23 7 energy energy NOUN issue-2267 23 8 exchanges exchange NOUN issue-2267 23 9 , , PUNCT issue-2267 23 10 energy energy NOUN issue-2267 23 11 market market NOUN issue-2267 23 12 regulation regulation NOUN issue-2267 23 13 , , PUNCT issue-2267 23 14 liberalisation liberalisation NOUN issue-2267 23 15 , , PUNCT issue-2267 23 16 europe europe PROPN issue-2267 23 17 , , PUNCT issue-2267 23 18 market market NOUN issue-2267 23 19 economy economy NOUN issue-2267 23 20 development development NOUN issue-2267 23 21 . . PUNCT issue-2267 24 1 jel jel PROPN issue-2267 24 2 classification classification NOUN issue-2267 24 3 : : PUNCT issue-2267 24 4 q35 q35 NUM issue-2267 24 5 , , PUNCT issue-2267 24 6 q40 q40 NOUN issue-2267 24 7 , , PUNCT issue-2267 24 8 f19 f19 PROPN issue-2267 24 9 , , PUNCT issue-2267 24 10 f13 f13 X issue-2267 24 11 , , PUNCT issue-2267 24 12 o52 o52 ADJ issue-2267 24 13 baltic baltic ADJ issue-2267 24 14 journal journal PROPN issue-2267 24 15 of of ADP issue-2267 24 16 economic economic ADJ issue-2267 24 17 studies study NOUN issue-2267 24 18 131 131 NUM issue-2267 24 19 vol vol NOUN issue-2267 24 20 . . PROPN issue-2267 25 1 9 9 NUM issue-2267 25 2 no no NOUN issue-2267 25 3 . . NOUN issue-2267 25 4 5 5 NUM issue-2267 25 5 , , PUNCT issue-2267 25 6 2023 2023 NUM issue-2267 25 7 1 1 NUM issue-2267 25 8 . . PUNCT issue-2267 26 1 introduction introduction NOUN issue-2267 26 2 the the DET issue-2267 26 3 evolution evolution NOUN issue-2267 26 4 of of ADP issue-2267 26 5 the the DET issue-2267 26 6 global global ADJ issue-2267 26 7 energy energy NOUN issue-2267 26 8 landscape landscape NOUN issue-2267 26 9 has have AUX issue-2267 26 10 brought bring VERB issue-2267 26 11 the the DET issue-2267 26 12 natural natural ADJ issue-2267 26 13 gas gas NOUN issue-2267 26 14 market market NOUN issue-2267 26 15 into into ADP issue-2267 26 16 sharper sharp ADJ issue-2267 26 17 focus focus NOUN issue-2267 26 18 , , PUNCT issue-2267 26 19 highlighting highlight VERB issue-2267 26 20 the the DET issue-2267 26 21 critical critical ADJ issue-2267 26 22 role role NOUN issue-2267 26 23 of of ADP issue-2267 26 24 robust robust ADJ issue-2267 26 25 infrastructure infrastructure NOUN issue-2267 26 26 in in ADP issue-2267 26 27 ensuring ensure VERB issue-2267 26 28 efficient efficient ADJ issue-2267 26 29 trading trading NOUN issue-2267 26 30 , , PUNCT issue-2267 26 31 price price NOUN issue-2267 26 32 transparency transparency NOUN issue-2267 26 33 and and CCONJ issue-2267 26 34 regional regional ADJ issue-2267 26 35 integration integration NOUN issue-2267 26 36 . . PUNCT issue-2267 27 1 this this DET issue-2267 27 2 paper paper NOUN issue-2267 27 3 delves delve VERB issue-2267 27 4 into into ADP issue-2267 27 5 the the DET issue-2267 27 6 complex complex ADJ issue-2267 27 7 world world NOUN issue-2267 27 8 of of ADP issue-2267 27 9 gas gas NOUN issue-2267 27 10 exchange exchange NOUN issue-2267 27 11 infrastructure infrastructure NOUN issue-2267 27 12 , , PUNCT issue-2267 27 13 focusing focus VERB issue-2267 27 14 on on ADP issue-2267 27 15 the the DET issue-2267 27 16 experiences experience NOUN issue-2267 27 17 of of ADP issue-2267 27 18 european european ADJ issue-2267 27 19 countries country NOUN issue-2267 27 20 and and CCONJ issue-2267 27 21 their their PRON issue-2267 27 22 invaluable invaluable ADJ issue-2267 27 23 contributions contribution NOUN issue-2267 27 24 to to ADP issue-2267 27 25 the the DET issue-2267 27 26 development development NOUN issue-2267 27 27 of of ADP issue-2267 27 28 this this DET issue-2267 27 29 key key ADJ issue-2267 27 30 sector sector NOUN issue-2267 27 31 . . PUNCT issue-2267 28 1 it it PRON issue-2267 28 2 introduces introduce VERB issue-2267 28 3 the the DET issue-2267 28 4 topic topic NOUN issue-2267 28 5 and and CCONJ issue-2267 28 6 its its PRON issue-2267 28 7 importance importance NOUN issue-2267 28 8 in in ADP issue-2267 28 9 the the DET issue-2267 28 10 context context NOUN issue-2267 28 11 of of ADP issue-2267 28 12 the the DET issue-2267 28 13 natural natural ADJ issue-2267 28 14 gas gas NOUN issue-2267 28 15 market market NOUN issue-2267 28 16 . . PUNCT issue-2267 29 1 the the DET issue-2267 29 2 natural natural ADJ issue-2267 29 3 gas gas NOUN issue-2267 29 4 market market NOUN issue-2267 29 5 is be AUX issue-2267 29 6 a a DET issue-2267 29 7 cornerstone cornerstone NOUN issue-2267 29 8 of of ADP issue-2267 29 9 modern modern ADJ issue-2267 29 10 economies economy NOUN issue-2267 29 11 , , PUNCT issue-2267 29 12 powering power VERB issue-2267 29 13 industries industry NOUN issue-2267 29 14 , , PUNCT issue-2267 29 15 households household NOUN issue-2267 29 16 and and CCONJ issue-2267 29 17 transportation transportation NOUN issue-2267 29 18 networks network NOUN issue-2267 29 19 . . PUNCT issue-2267 30 1 natural natural ADJ issue-2267 30 2 gas gas NOUN issue-2267 30 3 exchange exchange NOUN issue-2267 30 4 infrastructure infrastructure NOUN issue-2267 30 5 serves serve VERB issue-2267 30 6 as as ADP issue-2267 30 7 the the DET issue-2267 30 8 backbone backbone NOUN issue-2267 30 9 of of ADP issue-2267 30 10 trading trading NOUN issue-2267 30 11 activities activity NOUN issue-2267 30 12 , , PUNCT issue-2267 30 13 connecting connect VERB issue-2267 30 14 buyers buyer NOUN issue-2267 30 15 , , PUNCT issue-2267 30 16 sellers seller NOUN issue-2267 30 17 and and CCONJ issue-2267 30 18 other other ADJ issue-2267 30 19 market market NOUN issue-2267 30 20 participants participant NOUN issue-2267 30 21 in in ADP issue-2267 30 22 a a DET issue-2267 30 23 web web NOUN issue-2267 30 24 of of ADP issue-2267 30 25 transactions transaction NOUN issue-2267 30 26 that that PRON issue-2267 30 27 shape shape VERB issue-2267 30 28 the the DET issue-2267 30 29 course course NOUN issue-2267 30 30 of of ADP issue-2267 30 31 the the DET issue-2267 30 32 energy energy NOUN issue-2267 30 33 market market NOUN issue-2267 30 34 . . PUNCT issue-2267 31 1 the the DET issue-2267 31 2 establishment establishment NOUN issue-2267 31 3 and and CCONJ issue-2267 31 4 development development NOUN issue-2267 31 5 of of ADP issue-2267 31 6 exchange exchange NOUN issue-2267 31 7 infrastructure infrastructure NOUN issue-2267 31 8 has have AUX issue-2267 31 9 become become VERB issue-2267 31 10 an an DET issue-2267 31 11 important important ADJ issue-2267 31 12 step step NOUN issue-2267 31 13 in in ADP issue-2267 31 14 promoting promote VERB issue-2267 31 15 energy energy NOUN issue-2267 31 16 security security NOUN issue-2267 31 17 , , PUNCT issue-2267 31 18 economic economic ADJ issue-2267 31 19 stability stability NOUN issue-2267 31 20 and and CCONJ issue-2267 31 21 harmonious harmonious ADJ issue-2267 31 22 regional regional ADJ issue-2267 31 23 cooperation cooperation NOUN issue-2267 31 24 . . PUNCT issue-2267 32 1 the the DET issue-2267 32 2 main main ADJ issue-2267 32 3 objective objective NOUN issue-2267 32 4 was be AUX issue-2267 32 5 to to PART issue-2267 32 6 summarise summarise VERB issue-2267 32 7 the the DET issue-2267 32 8 conditions condition NOUN issue-2267 32 9 and and CCONJ issue-2267 32 10 problems problem NOUN issue-2267 32 11 in in ADP issue-2267 32 12 the the DET issue-2267 32 13 development development NOUN issue-2267 32 14 of of ADP issue-2267 32 15 gas gas NOUN issue-2267 32 16 market market NOUN issue-2267 32 17 exchanges exchange NOUN issue-2267 32 18 in in ADP issue-2267 32 19 european european ADJ issue-2267 32 20 countries country NOUN issue-2267 32 21 in in ADP issue-2267 32 22 order order NOUN issue-2267 32 23 to to PART issue-2267 32 24 identify identify VERB issue-2267 32 25 the the DET issue-2267 32 26 necessary necessary ADJ issue-2267 32 27 elements element NOUN issue-2267 32 28 for for ADP issue-2267 32 29 their their PRON issue-2267 32 30 successful successful ADJ issue-2267 32 31 functioning functioning NOUN issue-2267 32 32 in in ADP issue-2267 32 33 ukraine ukraine NOUN issue-2267 32 34 . . PUNCT issue-2267 33 1 the the DET issue-2267 33 2 study study NOUN issue-2267 33 3 focuses focus VERB issue-2267 33 4 on on ADP issue-2267 33 5 the the DET issue-2267 33 6 cases case NOUN issue-2267 33 7 of of ADP issue-2267 33 8 the the DET issue-2267 33 9 european european PROPN issue-2267 33 10 energy energy PROPN issue-2267 33 11 exchange exchange PROPN issue-2267 33 12 ( ( PUNCT issue-2267 33 13 eex eex PROPN issue-2267 33 14 ) ) PUNCT issue-2267 33 15 in in ADP issue-2267 33 16 germany germany PROPN issue-2267 33 17 , , PUNCT issue-2267 33 18 the the DET issue-2267 33 19 central central ADJ issue-2267 33 20 european european ADJ issue-2267 33 21 gas gas NOUN issue-2267 33 22 hub hub NOUN issue-2267 33 23 ( ( PUNCT issue-2267 33 24 cegh cegh VERB issue-2267 33 25 ) ) PUNCT issue-2267 33 26 in in ADP issue-2267 33 27 austria austria PROPN issue-2267 33 28 , , PUNCT issue-2267 33 29 the the DET issue-2267 33 30 gestore gestore ADJ issue-2267 33 31 dei dei PROPN issue-2267 33 32 mercati mercati PROPN issue-2267 33 33 energetici energetici PROPN issue-2267 33 34 ( ( PUNCT issue-2267 33 35 gme gme NOUN issue-2267 33 36 ) ) PUNCT issue-2267 33 37 in in ADP issue-2267 33 38 italy italy PROPN issue-2267 33 39 , , PUNCT issue-2267 33 40 the the DET issue-2267 33 41 bursa bursa PROPN issue-2267 33 42 română română PROPN issue-2267 33 43 de de PROPN issue-2267 33 44 mărfuri mărfuri PROPN issue-2267 33 45 ( ( PUNCT issue-2267 33 46 brm brm NOUN issue-2267 33 47 ) ) PUNCT issue-2267 33 48 in in ADP issue-2267 33 49 romania romania PROPN issue-2267 33 50 and and CCONJ issue-2267 33 51 the the DET issue-2267 33 52 polish polish ADJ issue-2267 33 53 power power NOUN issue-2267 33 54 exchange exchange NOUN issue-2267 33 55 or or CCONJ issue-2267 33 56 towarowa towarowa VERB issue-2267 33 57 giełda giełda NOUN issue-2267 33 58 energii energii NOUN issue-2267 33 59 ( ( PUNCT issue-2267 33 60 tge tge VERB issue-2267 33 61 ) ) PUNCT issue-2267 33 62 in in ADP issue-2267 33 63 poland poland PROPN issue-2267 33 64 . . PUNCT issue-2267 34 1 at at ADP issue-2267 34 2 the the DET issue-2267 34 3 same same ADJ issue-2267 34 4 time time NOUN issue-2267 34 5 , , PUNCT issue-2267 34 6 it it PRON issue-2267 34 7 analyses analyse VERB issue-2267 34 8 the the DET issue-2267 34 9 ukrainian ukrainian ADJ issue-2267 34 10 energy energy NOUN issue-2267 34 11 exchange exchange NOUN issue-2267 34 12 ( ( PUNCT issue-2267 34 13 ueex ueex NOUN issue-2267 34 14 ) ) PUNCT issue-2267 34 15 and and CCONJ issue-2267 34 16 examines examine VERB issue-2267 34 17 its its PRON issue-2267 34 18 development development NOUN issue-2267 34 19 in in ADP issue-2267 34 20 the the DET issue-2267 34 21 context context NOUN issue-2267 34 22 of of ADP issue-2267 34 23 the the DET issue-2267 34 24 wider wide ADJ issue-2267 34 25 european european ADJ issue-2267 34 26 experience experience NOUN issue-2267 34 27 . . PUNCT issue-2267 35 1 the the DET issue-2267 35 2 structure structure NOUN issue-2267 35 3 of of ADP issue-2267 35 4 this this DET issue-2267 35 5 paper paper NOUN issue-2267 35 6 is be AUX issue-2267 35 7 as as SCONJ issue-2267 35 8 follows follow VERB issue-2267 35 9 : : PUNCT issue-2267 35 10 section section NOUN issue-2267 35 11 2 2 NUM issue-2267 35 12 presents present VERB issue-2267 35 13 a a DET issue-2267 35 14 literature literature NOUN issue-2267 35 15 review review NOUN issue-2267 35 16 that that PRON issue-2267 35 17 provides provide VERB issue-2267 35 18 an an DET issue-2267 35 19 overview overview NOUN issue-2267 35 20 of of ADP issue-2267 35 21 existing exist VERB issue-2267 35 22 knowledge knowledge NOUN issue-2267 35 23 and and CCONJ issue-2267 35 24 research research NOUN issue-2267 35 25 on on ADP issue-2267 35 26 the the DET issue-2267 35 27 development development NOUN issue-2267 35 28 of of ADP issue-2267 35 29 natural natural ADJ issue-2267 35 30 gas gas NOUN issue-2267 35 31 exchange exchange NOUN issue-2267 35 32 market market NOUN issue-2267 35 33 infrastructure infrastructure NOUN issue-2267 35 34 . . PUNCT issue-2267 36 1 section section NOUN issue-2267 36 2 3 3 NUM issue-2267 36 3 presents present VERB issue-2267 36 4 the the DET issue-2267 36 5 methods method NOUN issue-2267 36 6 and and CCONJ issue-2267 36 7 main main ADJ issue-2267 36 8 data datum NOUN issue-2267 36 9 sources source NOUN issue-2267 36 10 . . PUNCT issue-2267 37 1 the the DET issue-2267 37 2 results result NOUN issue-2267 37 3 sections section NOUN issue-2267 37 4 of of ADP issue-2267 37 5 the the DET issue-2267 37 6 study study NOUN issue-2267 37 7 begin begin VERB issue-2267 37 8 with with ADP issue-2267 37 9 an an DET issue-2267 37 10 analysis analysis NOUN issue-2267 37 11 of of ADP issue-2267 37 12 general general ADJ issue-2267 37 13 trends trend NOUN issue-2267 37 14 in in ADP issue-2267 37 15 natural natural ADJ issue-2267 37 16 gas gas NOUN issue-2267 37 17 exchange exchange NOUN issue-2267 37 18 trading trading NOUN issue-2267 37 19 in in ADP issue-2267 37 20 europe europe PROPN issue-2267 37 21 ( ( PUNCT issue-2267 37 22 section section NOUN issue-2267 37 23 4 4 NUM issue-2267 37 24 ) ) PUNCT issue-2267 37 25 . . PUNCT issue-2267 38 1 section section NOUN issue-2267 38 2 5 5 NUM issue-2267 38 3 deals deal NOUN issue-2267 38 4 with with ADP issue-2267 38 5 specific specific ADJ issue-2267 38 6 cases case NOUN issue-2267 38 7 of of ADP issue-2267 38 8 successful successful ADJ issue-2267 38 9 infrastructure infrastructure NOUN issue-2267 38 10 development development NOUN issue-2267 38 11 in in ADP issue-2267 38 12 the the DET issue-2267 38 13 exchange exchange NOUN issue-2267 38 14 segment segment NOUN issue-2267 38 15 of of ADP issue-2267 38 16 the the DET issue-2267 38 17 natural natural ADJ issue-2267 38 18 gas gas NOUN issue-2267 38 19 market market NOUN issue-2267 38 20 . . PUNCT issue-2267 39 1 this this DET issue-2267 39 2 section section NOUN issue-2267 39 3 includes include VERB issue-2267 39 4 notable notable ADJ issue-2267 39 5 examples example NOUN issue-2267 39 6 from from ADP issue-2267 39 7 germany germany PROPN issue-2267 39 8 's 's PART issue-2267 39 9 eex eex PROPN issue-2267 39 10 , , PUNCT issue-2267 39 11 austria austria PROPN issue-2267 39 12 's 's PART issue-2267 39 13 cegh cegh VERB issue-2267 39 14 gas gas NOUN issue-2267 39 15 exchange exchange NOUN issue-2267 39 16 , , PUNCT issue-2267 39 17 italy italy PROPN issue-2267 39 18 's 's PART issue-2267 39 19 gme gme NOUN issue-2267 39 20 , , PUNCT issue-2267 39 21 romania romania PROPN issue-2267 39 22 's 's PART issue-2267 39 23 brm brm PROPN issue-2267 39 24 and and CCONJ issue-2267 39 25 poland poland PROPN issue-2267 39 26 's 's PART issue-2267 39 27 tge tge PROPN issue-2267 39 28 . . PROPN issue-2267 39 29 section section NOUN issue-2267 39 30 6 6 NUM issue-2267 39 31 focuses focus VERB issue-2267 39 32 on on ADP issue-2267 39 33 the the DET issue-2267 39 34 ukrainian ukrainian ADJ issue-2267 39 35 gas gas NOUN issue-2267 39 36 exchange exchange NOUN issue-2267 39 37 ( ( PUNCT issue-2267 39 38 ueex ueex NOUN issue-2267 39 39 ) ) PUNCT issue-2267 39 40 and and CCONJ issue-2267 39 41 recommendations recommendation NOUN issue-2267 39 42 for for ADP issue-2267 39 43 its its PRON issue-2267 39 44 development development NOUN issue-2267 39 45 based base VERB issue-2267 39 46 on on ADP issue-2267 39 47 the the DET issue-2267 39 48 cases case NOUN issue-2267 39 49 analysed analyse VERB issue-2267 39 50 . . PUNCT issue-2267 40 1 2 2 X issue-2267 40 2 . . X issue-2267 40 3 literature literature NOUN issue-2267 40 4 review review VERB issue-2267 40 5 the the DET issue-2267 40 6 analysis analysis NOUN issue-2267 40 7 of of ADP issue-2267 40 8 numerous numerous ADJ issue-2267 40 9 scientific scientific ADJ issue-2267 40 10 publications publication NOUN issue-2267 40 11 on on ADP issue-2267 40 12 the the DET issue-2267 40 13 energy energy NOUN issue-2267 40 14 sector sector NOUN issue-2267 40 15 and and CCONJ issue-2267 40 16 the the DET issue-2267 40 17 natural natural ADJ issue-2267 40 18 gas gas NOUN issue-2267 40 19 market market NOUN issue-2267 40 20 proves prove VERB issue-2267 40 21 the the DET issue-2267 40 22 importance importance NOUN issue-2267 40 23 of of ADP issue-2267 40 24 liberalisation liberalisation NOUN issue-2267 40 25 for for ADP issue-2267 40 26 the the DET issue-2267 40 27 creation creation NOUN issue-2267 40 28 of of ADP issue-2267 40 29 a a DET issue-2267 40 30 regional regional ADJ issue-2267 40 31 gas gas NOUN issue-2267 40 32 hub hub NOUN issue-2267 40 33 in in ADP issue-2267 40 34 ukraine ukraine NOUN issue-2267 40 35 . . PUNCT issue-2267 41 1 this this PRON issue-2267 41 2 is be AUX issue-2267 41 3 confirmed confirm VERB issue-2267 41 4 by by ADP issue-2267 41 5 the the DET issue-2267 41 6 experience experience NOUN issue-2267 41 7 of of ADP issue-2267 41 8 european european ADJ issue-2267 41 9 countries country NOUN issue-2267 41 10 . . PUNCT issue-2267 42 1 the the DET issue-2267 42 2 development development NOUN issue-2267 42 3 and and CCONJ issue-2267 42 4 functioning functioning NOUN issue-2267 42 5 of of ADP issue-2267 42 6 the the DET issue-2267 42 7 traded trade VERB issue-2267 42 8 gas gas NOUN issue-2267 42 9 market market NOUN issue-2267 42 10 in in ADP issue-2267 42 11 the the DET issue-2267 42 12 uk uk PROPN issue-2267 42 13 is be AUX issue-2267 42 14 examined examine VERB issue-2267 42 15 by by ADP issue-2267 42 16 heather heather PROPN issue-2267 42 17 p. p. PROPN issue-2267 42 18 ( ( PUNCT issue-2267 42 19 2010 2010 NUM issue-2267 42 20 ) ) PUNCT issue-2267 42 21 . . PUNCT issue-2267 43 1 the the DET issue-2267 43 2 liberalisation liberalisation NOUN issue-2267 43 3 of of ADP issue-2267 43 4 the the DET issue-2267 43 5 uk uk PROPN issue-2267 43 6 gas gas NOUN issue-2267 43 7 market market NOUN issue-2267 43 8 was be AUX issue-2267 43 9 part part NOUN issue-2267 43 10 of of ADP issue-2267 43 11 the the DET issue-2267 43 12 privatisation privatisation NOUN issue-2267 43 13 programme programme NOUN issue-2267 43 14 of of ADP issue-2267 43 15 nationalised nationalise VERB issue-2267 43 16 industries industry NOUN issue-2267 43 17 . . PUNCT issue-2267 44 1 as as ADP issue-2267 44 2 a a DET issue-2267 44 3 result result NOUN issue-2267 44 4 , , PUNCT issue-2267 44 5 the the DET issue-2267 44 6 liberalised liberalise VERB issue-2267 44 7 gas gas NOUN issue-2267 44 8 market market NOUN issue-2267 44 9 in in ADP issue-2267 44 10 the the DET issue-2267 44 11 uk uk PROPN issue-2267 44 12 is be AUX issue-2267 44 13 unique unique ADJ issue-2267 44 14 and and CCONJ issue-2267 44 15 very very ADV issue-2267 44 16 different different ADJ issue-2267 44 17 from from ADP issue-2267 44 18 continental continental ADJ issue-2267 44 19 european european ADJ issue-2267 44 20 markets market NOUN issue-2267 44 21 . . PUNCT issue-2267 45 1 heather heather PROPN issue-2267 45 2 notes note VERB issue-2267 45 3 the the DET issue-2267 45 4 positive positive ADJ issue-2267 45 5 impact impact NOUN issue-2267 45 6 of of ADP issue-2267 45 7 liberalisation liberalisation NOUN issue-2267 45 8 on on ADP issue-2267 45 9 the the DET issue-2267 45 10 expansion expansion NOUN issue-2267 45 11 of of ADP issue-2267 45 12 the the DET issue-2267 45 13 natural natural ADJ issue-2267 45 14 gas gas NOUN issue-2267 45 15 market market NOUN issue-2267 45 16 in in ADP issue-2267 45 17 the the DET issue-2267 45 18 uk uk PROPN issue-2267 45 19 . . PUNCT issue-2267 46 1 the the DET issue-2267 46 2 gas gas NOUN issue-2267 46 3 act act NOUN issue-2267 46 4 ( ( PUNCT issue-2267 46 5 1995 1995 NUM issue-2267 46 6 ) ) PUNCT issue-2267 46 7 and and CCONJ issue-2267 46 8 the the DET issue-2267 46 9 standardisation standardisation NOUN issue-2267 46 10 of of ADP issue-2267 46 11 otc otc PROPN issue-2267 46 12 trading trading NOUN issue-2267 46 13 helped help VERB issue-2267 46 14 to to PART issue-2267 46 15 bring bring VERB issue-2267 46 16 in in ADP issue-2267 46 17 new new ADJ issue-2267 46 18 players player NOUN issue-2267 46 19 and and CCONJ issue-2267 46 20 trading trading NOUN issue-2267 46 21 approaches approach NOUN issue-2267 46 22 that that PRON issue-2267 46 23 had have AUX issue-2267 46 24 not not PART issue-2267 46 25 previously previously ADV issue-2267 46 26 been be AUX issue-2267 46 27 seen see VERB issue-2267 46 28 in in ADP issue-2267 46 29 the the DET issue-2267 46 30 traditional traditional ADJ issue-2267 46 31 british british ADJ issue-2267 46 32 gas gas NOUN issue-2267 46 33 market market NOUN issue-2267 46 34 . . PUNCT issue-2267 47 1 for for ADP issue-2267 47 2 example example NOUN issue-2267 47 3 , , PUNCT issue-2267 47 4 american american ADJ issue-2267 47 5 companies company NOUN issue-2267 47 6 brought bring VERB issue-2267 47 7 to to ADP issue-2267 47 8 the the DET issue-2267 47 9 market market NOUN issue-2267 47 10 american american ADJ issue-2267 47 11 trading trading NOUN issue-2267 47 12 methods method NOUN issue-2267 47 13 , , PUNCT issue-2267 47 14 namely namely ADV issue-2267 47 15 aggressive aggressive ADJ issue-2267 47 16 market market NOUN issue-2267 47 17 making making NOUN issue-2267 47 18 and and CCONJ issue-2267 47 19 price price NOUN issue-2267 47 20 disclosure disclosure NOUN issue-2267 47 21 , , PUNCT issue-2267 47 22 both both PRON issue-2267 47 23 of of ADP issue-2267 47 24 which which PRON issue-2267 47 25 are be AUX issue-2267 47 26 very very ADV issue-2267 47 27 important important ADJ issue-2267 47 28 components component NOUN issue-2267 47 29 in in ADP issue-2267 47 30 enabling enable VERB issue-2267 47 31 the the DET issue-2267 47 32 beginnings beginning NOUN issue-2267 47 33 of of ADP issue-2267 47 34 a a DET issue-2267 47 35 truly truly ADV issue-2267 47 36 traded trade VERB issue-2267 47 37 market market NOUN issue-2267 47 38 . . PUNCT issue-2267 48 1 the the DET issue-2267 48 2 result result NOUN issue-2267 48 3 has have AUX issue-2267 48 4 been be AUX issue-2267 48 5 greater great ADJ issue-2267 48 6 transpa transpa NOUN issue-2267 48 7 rency rency NOUN issue-2267 48 8 and and CCONJ issue-2267 48 9 confidence confidence NOUN issue-2267 48 10 among among ADP issue-2267 48 11 market market NOUN issue-2267 48 12 participants participant NOUN issue-2267 48 13 . . PUNCT issue-2267 49 1 heather heather PROPN issue-2267 49 2 p. p. NOUN issue-2267 49 3 ( ( PUNCT issue-2267 49 4 2021 2021 NUM issue-2267 49 5 ) ) PUNCT issue-2267 49 6 looked look VERB issue-2267 49 7 at at ADP issue-2267 49 8 how how SCONJ issue-2267 49 9 the the DET issue-2267 49 10 german german ADJ issue-2267 49 11 hubs hub NOUN issue-2267 49 12 are be AUX issue-2267 49 13 performing perform VERB issue-2267 49 14 and and CCONJ issue-2267 49 15 what what PRON issue-2267 49 16 their their PRON issue-2267 49 17 prospects prospect NOUN issue-2267 49 18 are be AUX issue-2267 49 19 . . PUNCT issue-2267 50 1 the the DET issue-2267 50 2 author author NOUN issue-2267 50 3 was be AUX issue-2267 50 4 sceptical sceptical ADJ issue-2267 50 5 about about ADP issue-2267 50 6 the the DET issue-2267 50 7 prospects prospect NOUN issue-2267 50 8 for for ADP issue-2267 50 9 the the DET issue-2267 50 10 merger merger NOUN issue-2267 50 11 of of ADP issue-2267 50 12 german german ADJ issue-2267 50 13 gas gas NOUN issue-2267 50 14 hubs hub NOUN issue-2267 50 15 to to PART issue-2267 50 16 increase increase VERB issue-2267 50 17 market market NOUN issue-2267 50 18 liquidity liquidity NOUN issue-2267 50 19 , , PUNCT issue-2267 50 20 particularly particularly ADV issue-2267 50 21 due due ADJ issue-2267 50 22 to to ADP issue-2267 50 23 the the DET issue-2267 50 24 long long ADJ issue-2267 50 25 process process NOUN issue-2267 50 26 of of ADP issue-2267 50 27 german german ADJ issue-2267 50 28 market market NOUN issue-2267 50 29 consolidation consolidation NOUN issue-2267 50 30 . . PUNCT issue-2267 51 1 it it PRON issue-2267 51 2 concludes conclude VERB issue-2267 51 3 that that SCONJ issue-2267 51 4 although although SCONJ issue-2267 51 5 germany germany PROPN issue-2267 51 6 has have VERB issue-2267 51 7 the the DET issue-2267 51 8 highest high ADJ issue-2267 51 9 physical physical ADJ issue-2267 51 10 gas gas NOUN issue-2267 51 11 demand demand NOUN issue-2267 51 12 in in ADP issue-2267 51 13 europe europe PROPN issue-2267 51 14 , , PUNCT issue-2267 51 15 an an DET issue-2267 51 16 extensive extensive ADJ issue-2267 51 17 gas gas NOUN issue-2267 51 18 pipeline pipeline NOUN issue-2267 51 19 and and CCONJ issue-2267 51 20 storage storage NOUN issue-2267 51 21 infrastructure infrastructure NOUN issue-2267 51 22 and and CCONJ issue-2267 51 23 good good ADJ issue-2267 51 24 connections connection NOUN issue-2267 51 25 to to ADP issue-2267 51 26 all all DET issue-2267 51 27 surrounding surround VERB issue-2267 51 28 countries country NOUN issue-2267 51 29 , , PUNCT issue-2267 51 30 the the DET issue-2267 51 31 two two NUM issue-2267 51 32 german german ADJ issue-2267 51 33 hubs hub NOUN issue-2267 51 34 have have AUX issue-2267 51 35 not not PART issue-2267 51 36 continued continue VERB issue-2267 51 37 to to PART issue-2267 51 38 improve improve VERB issue-2267 51 39 progressively progressively ADV issue-2267 51 40 in in ADP issue-2267 51 41 all all DET issue-2267 51 42 respects respect NOUN issue-2267 51 43 in in ADP issue-2267 51 44 recent recent ADJ issue-2267 51 45 years year NOUN issue-2267 51 46 . . PUNCT issue-2267 52 1 instead instead ADV issue-2267 52 2 , , PUNCT issue-2267 52 3 the the DET issue-2267 52 4 study study NOUN issue-2267 52 5 pointed point VERB issue-2267 52 6 to to ADP issue-2267 52 7 significant significant ADJ issue-2267 52 8 progress progress NOUN issue-2267 52 9 of of ADP issue-2267 52 10 the the DET issue-2267 52 11 gas gas NOUN issue-2267 52 12 market market NOUN issue-2267 52 13 in in ADP issue-2267 52 14 ukraine ukraine NOUN issue-2267 52 15 and and CCONJ issue-2267 52 16 assessed assess VERB issue-2267 52 17 positively positively ADV issue-2267 52 18 ukraine ukraine NOUN issue-2267 52 19 's 's PART issue-2267 52 20 prospects prospect NOUN issue-2267 52 21 to to PART issue-2267 52 22 become become VERB issue-2267 52 23 a a DET issue-2267 52 24 regional regional ADJ issue-2267 52 25 hub hub NOUN issue-2267 52 26 for for ADP issue-2267 52 27 southeast southeast PROPN issue-2267 52 28 europe europe PROPN issue-2267 52 29 . . PUNCT issue-2267 53 1 in in ADP issue-2267 53 2 addition addition NOUN issue-2267 53 3 , , PUNCT issue-2267 53 4 in in ADP issue-2267 53 5 a a DET issue-2267 53 6 recent recent ADJ issue-2267 53 7 study study NOUN issue-2267 53 8 ( ( PUNCT issue-2267 53 9 heather heather PROPN issue-2267 53 10 , , PUNCT issue-2267 53 11 2023 2023 NUM issue-2267 53 12 ) ) PUNCT issue-2267 53 13 , , PUNCT issue-2267 53 14 the the DET issue-2267 53 15 author author NOUN issue-2267 53 16 focused focus VERB issue-2267 53 17 on on ADP issue-2267 53 18 the the DET issue-2267 53 19 geopolitical geopolitical ADJ issue-2267 53 20 situation situation NOUN issue-2267 53 21 and and CCONJ issue-2267 53 22 changes change NOUN issue-2267 53 23 in in ADP issue-2267 53 24 trade trade NOUN issue-2267 53 25 and and CCONJ issue-2267 53 26 prices price NOUN issue-2267 53 27 . . PUNCT issue-2267 54 1 european european ADJ issue-2267 54 2 gas gas NOUN issue-2267 54 3 markets market NOUN issue-2267 54 4 have have AUX issue-2267 54 5 been be AUX issue-2267 54 6 very very ADV issue-2267 54 7 volatile volatile ADJ issue-2267 54 8 over over ADP issue-2267 54 9 the the DET issue-2267 54 10 past past ADJ issue-2267 54 11 three three NUM issue-2267 54 12 years year NOUN issue-2267 54 13 , , PUNCT issue-2267 54 14 due due ADP issue-2267 54 15 to to ADP issue-2267 54 16 the the DET issue-2267 54 17 global global ADJ issue-2267 54 18 covid-19 covid-19 PROPN issue-2267 54 19 pandemic pandemic NOUN issue-2267 54 20 and and CCONJ issue-2267 54 21 then then ADV issue-2267 54 22 the the DET issue-2267 54 23 russian russian ADJ issue-2267 54 24 invasion invasion NOUN issue-2267 54 25 of of ADP issue-2267 54 26 ukraine ukraine NOUN issue-2267 54 27 . . PUNCT issue-2267 55 1 in in ADP issue-2267 55 2 addition addition NOUN issue-2267 55 3 , , PUNCT issue-2267 55 4 there there PRON issue-2267 55 5 are be VERB issue-2267 55 6 ongoing ongoing ADJ issue-2267 55 7 debates debate NOUN issue-2267 55 8 about about ADP issue-2267 55 9 the the DET issue-2267 55 10 green green ADJ issue-2267 55 11 transition transition NOUN issue-2267 55 12 and and CCONJ issue-2267 55 13 reducing reduce VERB issue-2267 55 14 the the DET issue-2267 55 15 consumption consumption NOUN issue-2267 55 16 of of ADP issue-2267 55 17 carbon carbon NOUN issue-2267 55 18 - - PUNCT issue-2267 55 19 based base VERB issue-2267 55 20 energy energy NOUN issue-2267 55 21 sources source NOUN issue-2267 55 22 , , PUNCT issue-2267 55 23 including include VERB issue-2267 55 24 natural natural ADJ issue-2267 55 25 gas gas NOUN issue-2267 55 26 . . PUNCT issue-2267 56 1 capece capece PROPN issue-2267 56 2 g. g. PROPN issue-2267 56 3 ( ( PUNCT issue-2267 56 4 2014 2014 NUM issue-2267 56 5 ) ) PUNCT issue-2267 56 6 analyses analyse VERB issue-2267 56 7 the the DET issue-2267 56 8 evolution evolution NOUN issue-2267 56 9 of of ADP issue-2267 56 10 the the DET issue-2267 56 11 natural natural ADJ issue-2267 56 12 gas gas NOUN issue-2267 56 13 market market NOUN issue-2267 56 14 , , PUNCT issue-2267 56 15 both both CCONJ issue-2267 56 16 at at ADP issue-2267 56 17 european european ADJ issue-2267 56 18 and and CCONJ issue-2267 56 19 italian italian ADJ issue-2267 56 20 level level NOUN issue-2267 56 21 , , PUNCT issue-2267 56 22 through through ADP issue-2267 56 23 the the DET issue-2267 56 24 legislation legislation NOUN issue-2267 56 25 that that PRON issue-2267 56 26 has have AUX issue-2267 56 27 modified modify VERB issue-2267 56 28 the the DET issue-2267 56 29 sector sector NOUN issue-2267 56 30 since since SCONJ issue-2267 56 31 1998 1998 NUM issue-2267 56 32 , , PUNCT issue-2267 56 33 with with ADP issue-2267 56 34 the the DET issue-2267 56 35 aim aim NOUN issue-2267 56 36 of of ADP issue-2267 56 37 promoting promote VERB issue-2267 56 38 a a DET issue-2267 56 39 more more ADV issue-2267 56 40 efficient efficient ADJ issue-2267 56 41 service service NOUN issue-2267 56 42 and and CCONJ issue-2267 56 43 better well ADJ issue-2267 56 44 protection protection NOUN issue-2267 56 45 of of ADP issue-2267 56 46 consumers consumer NOUN issue-2267 56 47 ' ' PART issue-2267 56 48 interests interest NOUN issue-2267 56 49 . . PUNCT issue-2267 57 1 it it PRON issue-2267 57 2 is be AUX issue-2267 57 3 concluded conclude VERB issue-2267 57 4 that that SCONJ issue-2267 57 5 without without ADP issue-2267 57 6 the the DET issue-2267 57 7 appropriate appropriate ADJ issue-2267 57 8 infrastructure infrastructure NOUN issue-2267 57 9 , , PUNCT issue-2267 57 10 italy italy PROPN issue-2267 57 11 risks risk NOUN issue-2267 57 12 becoming become VERB issue-2267 57 13 a a DET issue-2267 57 14 provincial provincial ADJ issue-2267 57 15 branch branch NOUN issue-2267 57 16 of of ADP issue-2267 57 17 the the DET issue-2267 57 18 european european PROPN issue-2267 57 19 gas gas NOUN issue-2267 57 20 network network NOUN issue-2267 57 21 rather rather ADV issue-2267 57 22 than than ADP issue-2267 57 23 a a DET issue-2267 57 24 major major ADJ issue-2267 57 25 transport transport NOUN issue-2267 57 26 hub hub NOUN issue-2267 57 27 . . PUNCT issue-2267 58 1 the the DET issue-2267 58 2 importance importance NOUN issue-2267 58 3 of of ADP issue-2267 58 4 facilitating facilitate VERB issue-2267 58 5 the the DET issue-2267 58 6 access access NOUN issue-2267 58 7 of of ADP issue-2267 58 8 the the DET issue-2267 58 9 national national ADJ issue-2267 58 10 network network NOUN issue-2267 58 11 to to ADP issue-2267 58 12 all all DET issue-2267 58 13 infrastructures infrastructure NOUN issue-2267 58 14 linking link VERB issue-2267 58 15 the the DET issue-2267 58 16 different different ADJ issue-2267 58 17 markets market NOUN issue-2267 58 18 is be AUX issue-2267 58 19 stressed stress VERB issue-2267 58 20 . . PUNCT issue-2267 59 1 however however ADV issue-2267 59 2 , , PUNCT issue-2267 59 3 italian italian ADJ issue-2267 59 4 hubs hub NOUN issue-2267 59 5 remain remain VERB issue-2267 59 6 poor poor ADJ issue-2267 59 7 ( ( PUNCT issue-2267 59 8 heather heather NOUN issue-2267 59 9 , , PUNCT issue-2267 59 10 2023 2023 NUM issue-2267 59 11 ) ) PUNCT issue-2267 59 12 . . PUNCT issue-2267 60 1 baltic baltic PROPN issue-2267 60 2 journal journal PROPN issue-2267 60 3 of of ADP issue-2267 60 4 economic economic ADJ issue-2267 60 5 studies study NOUN issue-2267 60 6 132 132 NUM issue-2267 60 7 vol vol NOUN issue-2267 60 8 . . PROPN issue-2267 61 1 9 9 NUM issue-2267 61 2 no no NOUN issue-2267 61 3 . . NOUN issue-2267 61 4 5 5 NUM issue-2267 61 5 , , PUNCT issue-2267 61 6 2023 2023 NUM issue-2267 61 7 regarding regard VERB issue-2267 61 8 the the DET issue-2267 61 9 ukrainian ukrainian ADJ issue-2267 61 10 gas gas NOUN issue-2267 61 11 sector sector NOUN issue-2267 61 12 , , PUNCT issue-2267 61 13 pirani pirani PROPN issue-2267 61 14 s. s. PROPN issue-2267 61 15 ( ( PUNCT issue-2267 61 16 2021 2021 NUM issue-2267 61 17 ) ) PUNCT issue-2267 61 18 looked look VERB issue-2267 61 19 at at ADP issue-2267 61 20 ukraine ukraine NOUN issue-2267 61 21 's 's PART issue-2267 61 22 energy energy NOUN issue-2267 61 23 policy policy NOUN issue-2267 61 24 and and CCONJ issue-2267 61 25 prospects prospect NOUN issue-2267 61 26 for for ADP issue-2267 61 27 the the DET issue-2267 61 28 gas gas NOUN issue-2267 61 29 sector sector NOUN issue-2267 61 30 . . PUNCT issue-2267 62 1 the the DET issue-2267 62 2 study study NOUN issue-2267 62 3 describes describe VERB issue-2267 62 4 the the DET issue-2267 62 5 transformation transformation NOUN issue-2267 62 6 of of ADP issue-2267 62 7 the the DET issue-2267 62 8 government government NOUN issue-2267 62 9 's 's PART issue-2267 62 10 energy energy NOUN issue-2267 62 11 policy policy NOUN issue-2267 62 12 from from ADP issue-2267 62 13 a a DET issue-2267 62 14 postsoviet postsoviet ADJ issue-2267 62 15 administrative administrative ADJ issue-2267 62 16 approach approach NOUN issue-2267 62 17 to to ADP issue-2267 62 18 a a DET issue-2267 62 19 market market NOUN issue-2267 62 20 - - PUNCT issue-2267 62 21 oriented orient VERB issue-2267 62 22 approach approach NOUN issue-2267 62 23 influenced influence VERB issue-2267 62 24 by by ADP issue-2267 62 25 the the DET issue-2267 62 26 european european PROPN issue-2267 62 27 union union PROPN issue-2267 62 28 . . PUNCT issue-2267 63 1 it it PRON issue-2267 63 2 notes note VERB issue-2267 63 3 that that SCONJ issue-2267 63 4 the the DET issue-2267 63 5 biggest big ADJ issue-2267 63 6 changes change NOUN issue-2267 63 7 in in ADP issue-2267 63 8 the the DET issue-2267 63 9 last last ADJ issue-2267 63 10 20 20 NUM issue-2267 63 11 years year NOUN issue-2267 63 12 have have AUX issue-2267 63 13 been be AUX issue-2267 63 14 in in ADP issue-2267 63 15 the the DET issue-2267 63 16 gas gas NOUN issue-2267 63 17 sector sector NOUN issue-2267 63 18 , , PUNCT issue-2267 63 19 due due ADP issue-2267 63 20 to to ADP issue-2267 63 21 factors factor NOUN issue-2267 63 22 such such ADJ issue-2267 63 23 as as ADP issue-2267 63 24 the the DET issue-2267 63 25 decline decline NOUN issue-2267 63 26 in in ADP issue-2267 63 27 gas gas NOUN issue-2267 63 28 consumption consumption NOUN issue-2267 63 29 caused cause VERB issue-2267 63 30 by by ADP issue-2267 63 31 economic economic ADJ issue-2267 63 32 recessions recession NOUN issue-2267 63 33 , , PUNCT issue-2267 63 34 the the DET issue-2267 63 35 change change NOUN issue-2267 63 36 in in ADP issue-2267 63 37 the the DET issue-2267 63 38 direction direction NOUN issue-2267 63 39 of of ADP issue-2267 63 40 supply supply NOUN issue-2267 63 41 through through ADP issue-2267 63 42 " " PUNCT issue-2267 63 43 reverse reverse ADJ issue-2267 63 44 flow flow NOUN issue-2267 63 45 " " PUNCT issue-2267 63 46 , , PUNCT issue-2267 63 47 and and CCONJ issue-2267 63 48 the the DET issue-2267 63 49 separation separation NOUN issue-2267 63 50 of of ADP issue-2267 63 51 transport transport NOUN issue-2267 63 52 and and CCONJ issue-2267 63 53 supply supply NOUN issue-2267 63 54 . . PUNCT issue-2267 64 1 it it PRON issue-2267 64 2 was be AUX issue-2267 64 3 rightly rightly ADV issue-2267 64 4 noted note VERB issue-2267 64 5 that that SCONJ issue-2267 64 6 in in ADP issue-2267 64 7 the the DET issue-2267 64 8 next next ADJ issue-2267 64 9 decade decade NOUN issue-2267 64 10 the the DET issue-2267 64 11 gas gas NOUN issue-2267 64 12 sector sector NOUN issue-2267 64 13 will will AUX issue-2267 64 14 be be AUX issue-2267 64 15 shaped shape VERB issue-2267 64 16 by by ADP issue-2267 64 17 ukraine ukraine NOUN issue-2267 64 18 's 's PART issue-2267 64 19 own own ADJ issue-2267 64 20 political political ADJ issue-2267 64 21 choices choice NOUN issue-2267 64 22 . . PUNCT issue-2267 65 1 dergachova dergachova PROPN issue-2267 66 1 v. v. ADV issue-2267 66 2 , , PUNCT issue-2267 66 3 kravchenko kravchenko PROPN issue-2267 66 4 m. m. NOUN issue-2267 66 5 , , PUNCT issue-2267 66 6 kuznietsova kuznietsova PROPN issue-2267 66 7 k. k. PROPN issue-2267 66 8 and and CCONJ issue-2267 66 9 kotsko kotsko PROPN issue-2267 66 10 t. t. PROPN issue-2267 66 11 ( ( PUNCT issue-2267 66 12 2020 2020 NUM issue-2267 66 13 ) ) PUNCT issue-2267 66 14 also also ADV issue-2267 66 15 reported report VERB issue-2267 66 16 on on ADP issue-2267 66 17 ukraine ukraine PROPN issue-2267 66 18 's 's PART issue-2267 66 19 energy energy NOUN issue-2267 66 20 policy policy NOUN issue-2267 66 21 under under ADP issue-2267 66 22 difficult difficult ADJ issue-2267 66 23 political political ADJ issue-2267 66 24 conditions condition NOUN issue-2267 66 25 . . PUNCT issue-2267 67 1 however however ADV issue-2267 67 2 , , PUNCT issue-2267 67 3 as as SCONJ issue-2267 67 4 can can AUX issue-2267 67 5 be be AUX issue-2267 67 6 seen see VERB issue-2267 67 7 now now ADV issue-2267 67 8 , , PUNCT issue-2267 67 9 the the DET issue-2267 67 10 war war NOUN issue-2267 67 11 of of ADP issue-2267 67 12 conquest conquest NOUN issue-2267 67 13 launched launch VERB issue-2267 67 14 by by ADP issue-2267 67 15 russia russia PROPN issue-2267 67 16 on on ADP issue-2267 67 17 the the DET issue-2267 67 18 territory territory NOUN issue-2267 67 19 of of ADP issue-2267 67 20 ukraine ukraine PROPN issue-2267 67 21 has have AUX issue-2267 67 22 had have VERB issue-2267 67 23 a a DET issue-2267 67 24 much much ADV issue-2267 67 25 more more ADV issue-2267 67 26 significant significant ADJ issue-2267 67 27 impact impact NOUN issue-2267 67 28 on on ADP issue-2267 67 29 the the DET issue-2267 67 30 ukrainian ukrainian ADJ issue-2267 67 31 energy energy NOUN issue-2267 67 32 sector sector NOUN issue-2267 67 33 , , PUNCT issue-2267 67 34 with with ADP issue-2267 67 35 the the DET issue-2267 67 36 destruction destruction NOUN issue-2267 67 37 of of ADP issue-2267 67 38 energy energy NOUN issue-2267 67 39 infrastructure infrastructure NOUN issue-2267 67 40 , , PUNCT issue-2267 67 41 large large ADJ issue-2267 67 42 energy energy NOUN issue-2267 67 43 - - PUNCT issue-2267 67 44 intensive intensive ADJ issue-2267 67 45 industrial industrial ADJ issue-2267 67 46 enterprises enterprise NOUN issue-2267 67 47 and and CCONJ issue-2267 67 48 a a DET issue-2267 67 49 general general ADJ issue-2267 67 50 decline decline NOUN issue-2267 67 51 in in ADP issue-2267 67 52 economic economic ADJ issue-2267 67 53 activity activity NOUN issue-2267 67 54 . . PUNCT issue-2267 68 1 however however ADV issue-2267 68 2 , , PUNCT issue-2267 68 3 the the DET issue-2267 68 4 conclusions conclusion NOUN issue-2267 68 5 about about ADP issue-2267 68 6 the the DET issue-2267 68 7 need need NOUN issue-2267 68 8 to to PART issue-2267 68 9 develop develop VERB issue-2267 68 10 an an DET issue-2267 68 11 energy energy NOUN issue-2267 68 12 strategy strategy NOUN issue-2267 68 13 in in ADP issue-2267 68 14 line line NOUN issue-2267 68 15 with with ADP issue-2267 68 16 ukraine ukraine NOUN issue-2267 68 17 's 's PART issue-2267 68 18 closer close ADJ issue-2267 68 19 economic economic ADJ issue-2267 68 20 ties tie NOUN issue-2267 68 21 with with ADP issue-2267 68 22 europe europe PROPN issue-2267 68 23 , , PUNCT issue-2267 68 24 the the DET issue-2267 68 25 principles principle NOUN issue-2267 68 26 of of ADP issue-2267 68 27 market market NOUN issue-2267 68 28 reform reform NOUN issue-2267 68 29 and and CCONJ issue-2267 68 30 the the DET issue-2267 68 31 reduction reduction NOUN issue-2267 68 32 of of ADP issue-2267 68 33 carbon carbon NOUN issue-2267 68 34 - - PUNCT issue-2267 68 35 based base VERB issue-2267 68 36 energy energy NOUN issue-2267 68 37 consumption consumption NOUN issue-2267 68 38 remain remain VERB issue-2267 68 39 valid valid ADJ issue-2267 68 40 . . PUNCT issue-2267 69 1 however however ADV issue-2267 69 2 , , PUNCT issue-2267 69 3 bublyk bublyk PROPN issue-2267 69 4 y. y. PROPN issue-2267 69 5 , , PUNCT issue-2267 69 6 kurbet kurbet ADJ issue-2267 69 7 o. o. NOUN issue-2267 69 8 and and CCONJ issue-2267 69 9 yukhymets yukhymet NOUN issue-2267 69 10     SPACE issue-2267 69 11 r. r. PROPN issue-2267 69 12 ( ( PUNCT issue-2267 69 13 2022 2022 NUM issue-2267 69 14 ) ) PUNCT issue-2267 69 15 showed show VERB issue-2267 69 16 that that SCONJ issue-2267 69 17 ukraine ukraine NOUN issue-2267 69 18 is be AUX issue-2267 69 19 developing develop VERB issue-2267 69 20 the the DET issue-2267 69 21 conditions condition NOUN issue-2267 69 22 for for ADP issue-2267 69 23 the the DET issue-2267 69 24 widespread widespread ADJ issue-2267 69 25 use use NOUN issue-2267 69 26 of of ADP issue-2267 69 27 gas gas NOUN issue-2267 69 28 futures future NOUN issue-2267 69 29 due due ADP issue-2267 69 30 to to ADP issue-2267 69 31 the the DET issue-2267 69 32 ukrainian ukrainian ADJ issue-2267 69 33 energy energy NOUN issue-2267 69 34 market market NOUN issue-2267 69 35 reform reform NOUN issue-2267 69 36 and and CCONJ issue-2267 69 37 the the DET issue-2267 69 38 current current ADJ issue-2267 69 39 eu eu PROPN issue-2267 69 40 policy policy NOUN issue-2267 69 41 of of ADP issue-2267 69 42 creating create VERB issue-2267 69 43 gas gas NOUN issue-2267 69 44 hubs hub NOUN issue-2267 69 45 . . PUNCT issue-2267 70 1 this this PRON issue-2267 70 2 was be AUX issue-2267 70 3 confirmed confirm VERB issue-2267 70 4 by by ADP issue-2267 70 5 the the DET issue-2267 70 6 rapidly rapidly ADV issue-2267 70 7 growing grow VERB issue-2267 70 8 volume volume NOUN issue-2267 70 9 of of ADP issue-2267 70 10 gas gas NOUN issue-2267 70 11 trading trading NOUN issue-2267 70 12 on on ADP issue-2267 70 13 the the DET issue-2267 70 14 ueex ueex NOUN issue-2267 70 15 . . PUNCT issue-2267 71 1 it it PRON issue-2267 71 2 shows show VERB issue-2267 71 3 that that SCONJ issue-2267 71 4 the the DET issue-2267 71 5 number number NOUN issue-2267 71 6 of of ADP issue-2267 71 7 participants participant NOUN issue-2267 71 8 , , PUNCT issue-2267 71 9 suppliers supplier NOUN issue-2267 71 10 and and CCONJ issue-2267 71 11 diversification diversification NOUN issue-2267 71 12 of of ADP issue-2267 71 13 instruments instrument NOUN issue-2267 71 14 has have AUX issue-2267 71 15 grown grow VERB issue-2267 71 16 rapidly rapidly ADV issue-2267 71 17 in in ADP issue-2267 71 18 recent recent ADJ issue-2267 71 19 years year NOUN issue-2267 71 20 . . PUNCT issue-2267 72 1 increasing increase VERB issue-2267 72 2 the the DET issue-2267 72 3 number number NOUN issue-2267 72 4 of of ADP issue-2267 72 5 transactions transaction NOUN issue-2267 72 6 and and CCONJ issue-2267 72 7 participants participant NOUN issue-2267 72 8 creates create VERB issue-2267 72 9 a a DET issue-2267 72 10 competitive competitive ADJ issue-2267 72 11 environment environment NOUN issue-2267 72 12 and and CCONJ issue-2267 72 13 improves improve VERB issue-2267 72 14 price price NOUN issue-2267 72 15 transparency transparency NOUN issue-2267 72 16 . . PUNCT issue-2267 73 1 the the DET issue-2267 73 2 introduction introduction NOUN issue-2267 73 3 of of ADP issue-2267 73 4 gas gas NOUN issue-2267 73 5 futures future NOUN issue-2267 73 6 on on ADP issue-2267 73 7 the the DET issue-2267 73 8 ukrainian ukrainian ADJ issue-2267 73 9 capital capital NOUN issue-2267 73 10 market market NOUN issue-2267 73 11 will will AUX issue-2267 73 12 improve improve VERB issue-2267 73 13 energy energy NOUN issue-2267 73 14 market market NOUN issue-2267 73 15 processes process NOUN issue-2267 73 16 and and CCONJ issue-2267 73 17 price price NOUN issue-2267 73 18 transparency transparency NOUN issue-2267 73 19 . . PUNCT issue-2267 74 1 the the DET issue-2267 74 2 organisation organisation NOUN issue-2267 74 3 of of ADP issue-2267 74 4 the the DET issue-2267 74 5 ukrainian ukrainian ADJ issue-2267 74 6 energy energy NOUN issue-2267 74 7 market market NOUN issue-2267 74 8 as as ADP issue-2267 74 9 a a DET issue-2267 74 10 hub hub NOUN issue-2267 74 11 has have AUX issue-2267 74 12 become become VERB issue-2267 74 13 a a DET issue-2267 74 14 strong strong ADJ issue-2267 74 15 factor factor NOUN issue-2267 74 16 in in ADP issue-2267 74 17 the the DET issue-2267 74 18 integration integration NOUN issue-2267 74 19 of of ADP issue-2267 74 20 ukraine ukraine NOUN issue-2267 74 21 into into ADP issue-2267 74 22 the the DET issue-2267 74 23 eu eu PROPN issue-2267 74 24 energy energy NOUN issue-2267 74 25 and and CCONJ issue-2267 74 26 capital capital NOUN issue-2267 74 27 market market NOUN issue-2267 74 28 . . PUNCT issue-2267 75 1 ukraine ukraine PROPN issue-2267 75 2 has have VERB issue-2267 75 3 the the DET issue-2267 75 4 necessary necessary ADJ issue-2267 75 5 components component NOUN issue-2267 75 6 to to PART issue-2267 75 7 become become VERB issue-2267 75 8 a a DET issue-2267 75 9 regional regional ADJ issue-2267 75 10 gas gas NOUN issue-2267 75 11 hub hub NOUN issue-2267 75 12 . . PUNCT issue-2267 76 1 it it PRON issue-2267 76 2 has have AUX issue-2267 76 3 developed develop VERB issue-2267 76 4 infrastructure infrastructure NOUN issue-2267 76 5 , , PUNCT issue-2267 76 6 gas gas NOUN issue-2267 76 7 storage storage NOUN issue-2267 76 8 and and CCONJ issue-2267 76 9 trading trading NOUN issue-2267 76 10 . . PUNCT issue-2267 77 1 there there PRON issue-2267 77 2 are be VERB issue-2267 77 3 also also ADV issue-2267 77 4 prospects prospect NOUN issue-2267 77 5 for for ADP issue-2267 77 6 gas gas NOUN issue-2267 77 7 exports export NOUN issue-2267 77 8 . . PUNCT issue-2267 78 1 however however ADV issue-2267 78 2 , , PUNCT issue-2267 78 3 the the DET issue-2267 78 4 issue issue NOUN issue-2267 78 5 of of ADP issue-2267 78 6 liberalising liberalise VERB issue-2267 78 7 the the DET issue-2267 78 8 ukrainian ukrainian ADJ issue-2267 78 9 gas gas NOUN issue-2267 78 10 market market NOUN issue-2267 78 11 and and CCONJ issue-2267 78 12 increasing increase VERB issue-2267 78 13 its its PRON issue-2267 78 14 liquidity liquidity NOUN issue-2267 78 15 remains remain VERB issue-2267 78 16 unresolved unresolved ADJ issue-2267 78 17 ( ( PUNCT issue-2267 78 18 oliinyk oliinyk ADJ issue-2267 78 19 , , PUNCT issue-2267 78 20 2023 2023 NUM issue-2267 78 21 ) ) PUNCT issue-2267 78 22 . . PUNCT issue-2267 79 1 the the DET issue-2267 79 2 main main ADJ issue-2267 79 3 problems problem NOUN issue-2267 79 4 of of ADP issue-2267 79 5 the the DET issue-2267 79 6 ukrainian ukrainian ADJ issue-2267 79 7 gas gas NOUN issue-2267 79 8 market market NOUN issue-2267 79 9 include include VERB issue-2267 79 10 low low ADJ issue-2267 79 11 liquidity liquidity NOUN issue-2267 79 12 , , PUNCT issue-2267 79 13 high high ADJ issue-2267 79 14 market market NOUN issue-2267 79 15 concentration concentration NOUN issue-2267 79 16 , , PUNCT issue-2267 79 17 the the DET issue-2267 79 18 almost almost ADV issue-2267 79 19 monopolistic monopolistic ADJ issue-2267 79 20 position position NOUN issue-2267 79 21 of of ADP issue-2267 79 22 the the DET issue-2267 79 23 state state NOUN issue-2267 79 24 - - PUNCT issue-2267 79 25 owned own VERB issue-2267 79 26 company company NOUN issue-2267 79 27 naftogaz naftogaz VERB issue-2267 79 28 in in ADP issue-2267 79 29 the the DET issue-2267 79 30 production production NOUN issue-2267 79 31 and and CCONJ issue-2267 79 32 supply supply NOUN issue-2267 79 33 segments segment NOUN issue-2267 79 34 , , PUNCT issue-2267 79 35 limited limited ADJ issue-2267 79 36 transparency transparency NOUN issue-2267 79 37 of of ADP issue-2267 79 38 operations operation NOUN issue-2267 79 39 , , PUNCT issue-2267 79 40 and and CCONJ issue-2267 79 41 insufficient insufficient ADJ issue-2267 79 42 development development NOUN issue-2267 79 43 of of ADP issue-2267 79 44 trading trading NOUN issue-2267 79 45 platforms platform NOUN issue-2267 79 46 . . PUNCT issue-2267 80 1 in in ADP issue-2267 80 2 order order NOUN issue-2267 80 3 to to PART issue-2267 80 4 solve solve VERB issue-2267 80 5 these these DET issue-2267 80 6 problems problem NOUN issue-2267 80 7 , , PUNCT issue-2267 80 8 experts expert NOUN issue-2267 80 9 believe believe VERB issue-2267 80 10 it it PRON issue-2267 80 11 is be AUX issue-2267 80 12 necessary necessary ADJ issue-2267 80 13 to to PART issue-2267 80 14 lift lift VERB issue-2267 80 15 the the DET issue-2267 80 16 ban ban NOUN issue-2267 80 17 on on ADP issue-2267 80 18 gas gas NOUN issue-2267 80 19 exports export NOUN issue-2267 80 20 , , PUNCT issue-2267 80 21 solve solve VERB issue-2267 80 22 the the DET issue-2267 80 23 problem problem NOUN issue-2267 80 24 of of ADP issue-2267 80 25 concentration concentration NOUN issue-2267 80 26 , , PUNCT issue-2267 80 27 harmonise harmonise VERB issue-2267 80 28 activities activity NOUN issue-2267 80 29 in in ADP issue-2267 80 30 accordance accordance NOUN issue-2267 80 31 with with ADP issue-2267 80 32 european european ADJ issue-2267 80 33 standards standard NOUN issue-2267 80 34 of of ADP issue-2267 80 35 transparency transparency NOUN issue-2267 80 36 and and CCONJ issue-2267 80 37 promote promote VERB issue-2267 80 38 the the DET issue-2267 80 39 development development NOUN issue-2267 80 40 of of ADP issue-2267 80 41 exchange exchange NOUN issue-2267 80 42 trading trading NOUN issue-2267 80 43 in in ADP issue-2267 80 44 standardised standardised ADJ issue-2267 80 45 products product NOUN issue-2267 80 46 . . PUNCT issue-2267 81 1 at at ADP issue-2267 81 2 the the DET issue-2267 81 3 same same ADJ issue-2267 81 4 time time NOUN issue-2267 81 5 , , PUNCT issue-2267 81 6 there there PRON issue-2267 81 7 are be VERB issue-2267 81 8 empirical empirical ADJ issue-2267 81 9 studies study NOUN issue-2267 81 10 that that PRON issue-2267 81 11 partially partially ADV issue-2267 81 12 refute refute VERB issue-2267 81 13 the the DET issue-2267 81 14 positive positive ADJ issue-2267 81 15 effects effect NOUN issue-2267 81 16 of of ADP issue-2267 81 17 gas gas NOUN issue-2267 81 18 liberalisation liberalisation NOUN issue-2267 81 19 . . PUNCT issue-2267 82 1 hamie hamie PROPN issue-2267 82 2 h. h. PROPN issue-2267 82 3 , , PUNCT issue-2267 82 4 hoayek hoayek ADJ issue-2267 82 5 a. a. NOUN issue-2267 82 6 and and CCONJ issue-2267 82 7 auer auer PROPN issue-2267 82 8 h. h. PROPN issue-2267 82 9 ( ( PUNCT issue-2267 82 10 2021 2021 NUM issue-2267 82 11 ) ) PUNCT issue-2267 82 12 examine examine VERB issue-2267 82 13 the the DET issue-2267 82 14 impact impact NOUN issue-2267 82 15 of of ADP issue-2267 82 16 gas gas NOUN issue-2267 82 17 liberalisation liberalisation NOUN issue-2267 82 18 on on ADP issue-2267 82 19 market market NOUN issue-2267 82 20 concentration concentration NOUN issue-2267 82 21 and and CCONJ issue-2267 82 22 gas gas NOUN issue-2267 82 23 prices price NOUN issue-2267 82 24 in in ADP issue-2267 82 25 austria austria PROPN issue-2267 82 26 and and CCONJ issue-2267 82 27 the the DET issue-2267 82 28 netherlands netherlands PROPN issue-2267 82 29 . . PUNCT issue-2267 83 1 the the DET issue-2267 83 2 results result NOUN issue-2267 83 3 show show VERB issue-2267 83 4 that that SCONJ issue-2267 83 5 consumer consumer NOUN issue-2267 83 6 gas gas NOUN issue-2267 83 7 prices price NOUN issue-2267 83 8 are be AUX issue-2267 83 9 closer close ADJ issue-2267 83 10 to to ADP issue-2267 83 11 monopoly monopoly NOUN issue-2267 83 12 prices price NOUN issue-2267 83 13 despite despite SCONJ issue-2267 83 14 the the DET issue-2267 83 15 presence presence NOUN issue-2267 83 16 of of ADP issue-2267 83 17 several several ADJ issue-2267 83 18 suppliers supplier NOUN issue-2267 83 19 . . PUNCT issue-2267 84 1 the the DET issue-2267 84 2 parametric parametric ADJ issue-2267 84 3 and and CCONJ issue-2267 84 4 non non ADJ issue-2267 84 5 - - ADJ issue-2267 84 6 parametric parametric ADJ issue-2267 84 7 game game NOUN issue-2267 84 8 theory theory NOUN issue-2267 84 9 methods method NOUN issue-2267 84 10 showed show VERB issue-2267 84 11 that that SCONJ issue-2267 84 12 suppliers supplier NOUN issue-2267 84 13 in in ADP issue-2267 84 14 the the DET issue-2267 84 15 market market NOUN issue-2267 84 16 maximise maximise VERB issue-2267 84 17 their their PRON issue-2267 84 18 " " PUNCT issue-2267 84 19 utility utility NOUN issue-2267 84 20 function function NOUN issue-2267 84 21 " " PUNCT issue-2267 84 22 not not PART issue-2267 84 23 only only ADV issue-2267 84 24 by by ADP issue-2267 84 25 seeking seek VERB issue-2267 84 26 profit profit NOUN issue-2267 84 27 , , PUNCT issue-2267 84 28 but but CCONJ issue-2267 84 29 also also ADV issue-2267 84 30 by by ADP issue-2267 84 31 pursuing pursue VERB issue-2267 84 32 non non ADJ issue-2267 84 33 - - ADJ issue-2267 84 34 profit profit ADJ issue-2267 84 35 objectives objective NOUN issue-2267 84 36 such such ADJ issue-2267 84 37 as as ADP issue-2267 84 38 cooperative cooperative ADJ issue-2267 84 39 collusion collusion NOUN issue-2267 84 40 . . PUNCT issue-2267 85 1 at at ADP issue-2267 85 2 the the DET issue-2267 85 3 same same ADJ issue-2267 85 4 time time NOUN issue-2267 85 5 , , PUNCT issue-2267 85 6 it it PRON issue-2267 85 7 is be AUX issue-2267 85 8 shown show VERB issue-2267 85 9 that that SCONJ issue-2267 85 10 the the DET issue-2267 85 11 risk risk NOUN issue-2267 85 12 of of ADP issue-2267 85 13 price price NOUN issue-2267 85 14 manipulation manipulation NOUN issue-2267 85 15 is be AUX issue-2267 85 16 reduced reduce VERB issue-2267 85 17 by by ADP issue-2267 85 18 ensuring ensure VERB issue-2267 85 19 that that SCONJ issue-2267 85 20 the the DET issue-2267 85 21 different different ADJ issue-2267 85 22 gas gas NOUN issue-2267 85 23 hubs hub NOUN issue-2267 85 24 in in ADP issue-2267 85 25 europe europe PROPN issue-2267 85 26 are be AUX issue-2267 85 27 highly highly ADV issue-2267 85 28 integrated integrate VERB issue-2267 85 29 . . PUNCT issue-2267 86 1 3 3 X issue-2267 86 2 . . X issue-2267 86 3 methodology methodology NOUN issue-2267 86 4 historical historical ADJ issue-2267 86 5 and and CCONJ issue-2267 86 6 logical logical ADJ issue-2267 86 7 methods method NOUN issue-2267 86 8 have have AUX issue-2267 86 9 been be AUX issue-2267 86 10 used use VERB issue-2267 86 11 . . PUNCT issue-2267 87 1 the the DET issue-2267 87 2 selection selection NOUN issue-2267 87 3 of of ADP issue-2267 87 4 germany germany PROPN issue-2267 87 5 , , PUNCT issue-2267 87 6 austria austria PROPN issue-2267 87 7 , , PUNCT issue-2267 87 8 italy italy PROPN issue-2267 87 9 , , PUNCT issue-2267 87 10 romania romania PROPN issue-2267 87 11 and and CCONJ issue-2267 87 12 poland poland PROPN issue-2267 87 13 as as ADP issue-2267 87 14 focal focal ADJ issue-2267 87 15 countries country NOUN issue-2267 87 16 for for ADP issue-2267 87 17 analysis analysis NOUN issue-2267 87 18 was be AUX issue-2267 87 19 driven drive VERB issue-2267 87 20 by by ADP issue-2267 87 21 their their PRON issue-2267 87 22 importance importance NOUN issue-2267 87 23 and and CCONJ issue-2267 87 24 diversity diversity NOUN issue-2267 87 25 within within ADP issue-2267 87 26 the the DET issue-2267 87 27 european european ADJ issue-2267 87 28 natural natural ADJ issue-2267 87 29 gas gas NOUN issue-2267 87 30 market market NOUN issue-2267 87 31 . . PUNCT issue-2267 88 1 these these DET issue-2267 88 2 countries country NOUN issue-2267 88 3 represent represent VERB issue-2267 88 4 different different ADJ issue-2267 88 5 regional regional ADJ issue-2267 88 6 dynamics dynamic NOUN issue-2267 88 7 and and CCONJ issue-2267 88 8 gas gas NOUN issue-2267 88 9 exchange exchange NOUN issue-2267 88 10 developments development NOUN issue-2267 88 11 , , PUNCT issue-2267 88 12 making make VERB issue-2267 88 13 them they PRON issue-2267 88 14 relevant relevant ADJ issue-2267 88 15 case case NOUN issue-2267 88 16 studies study NOUN issue-2267 88 17 for for ADP issue-2267 88 18 understanding understand VERB issue-2267 88 19 the the DET issue-2267 88 20 evolution evolution NOUN issue-2267 88 21 of of ADP issue-2267 88 22 exchange exchange NOUN issue-2267 88 23 infrastructure infrastructure NOUN issue-2267 88 24 . . PUNCT issue-2267 89 1 natural natural ADJ issue-2267 89 2 gas gas NOUN issue-2267 89 3 exchange exchange NOUN issue-2267 89 4 infrastructure infrastructure NOUN issue-2267 89 5 refers refer VERB issue-2267 89 6 to to ADP issue-2267 89 7 the the DET issue-2267 89 8 physical physical ADJ issue-2267 89 9 and and CCONJ issue-2267 89 10 digital digital ADJ issue-2267 89 11 components component NOUN issue-2267 89 12 that that PRON issue-2267 89 13 facilitate facilitate VERB issue-2267 89 14 the the DET issue-2267 89 15 trading trading NOUN issue-2267 89 16 , , PUNCT issue-2267 89 17 pricing pricing NOUN issue-2267 89 18 and and CCONJ issue-2267 89 19 distribution distribution NOUN issue-2267 89 20 of of ADP issue-2267 89 21 natural natural ADJ issue-2267 89 22 gas gas NOUN issue-2267 89 23 on on ADP issue-2267 89 24 the the DET issue-2267 89 25 market market NOUN issue-2267 89 26 . . PUNCT issue-2267 90 1 it it PRON issue-2267 90 2 comprises comprise VERB issue-2267 90 3 a a DET issue-2267 90 4 combination combination NOUN issue-2267 90 5 of of ADP issue-2267 90 6 physical physical ADJ issue-2267 90 7 facilities facility NOUN issue-2267 90 8 , , PUNCT issue-2267 90 9 electronic electronic ADJ issue-2267 90 10 platforms platform NOUN issue-2267 90 11 , , PUNCT issue-2267 90 12 standardised standardised ADJ issue-2267 90 13 contracts contract NOUN issue-2267 90 14 and and CCONJ issue-2267 90 15 regulatory regulatory ADJ issue-2267 90 16 frameworks framework NOUN issue-2267 90 17 that that PRON issue-2267 90 18 together together ADV issue-2267 90 19 enable enable VERB issue-2267 90 20 efficient efficient ADJ issue-2267 90 21 and and CCONJ issue-2267 90 22 transparent transparent ADJ issue-2267 90 23 trading trading NOUN issue-2267 90 24 of of ADP issue-2267 90 25 natural natural ADJ issue-2267 90 26 gas gas NOUN issue-2267 90 27 products product NOUN issue-2267 90 28 ( ( PUNCT issue-2267 90 29 see see VERB issue-2267 90 30 figure figure NOUN issue-2267 90 31 1 1 NUM issue-2267 90 32 ) ) PUNCT issue-2267 90 33 . . PUNCT issue-2267 91 1 this this DET issue-2267 91 2 infrastructure infrastructure NOUN issue-2267 91 3 plays play VERB issue-2267 91 4 a a DET issue-2267 91 5 crucial crucial ADJ issue-2267 91 6 role role NOUN issue-2267 91 7 in in ADP issue-2267 91 8 connecting connect VERB issue-2267 91 9 suppliers supplier NOUN issue-2267 91 10 , , PUNCT issue-2267 91 11 consumers consumer NOUN issue-2267 91 12 , , PUNCT issue-2267 91 13 traders trader NOUN issue-2267 91 14 and and CCONJ issue-2267 91 15 other other ADJ issue-2267 91 16 stakeholders stakeholder NOUN issue-2267 91 17 in in ADP issue-2267 91 18 the the DET issue-2267 91 19 natural natural ADJ issue-2267 91 20 gas gas NOUN issue-2267 91 21 market market NOUN issue-2267 91 22 and and CCONJ issue-2267 91 23 contributes contribute VERB issue-2267 91 24 to to ADP issue-2267 91 25 price price NOUN issue-2267 91 26 transparency transparency NOUN issue-2267 91 27 , , PUNCT issue-2267 91 28 risk risk NOUN issue-2267 91 29 management management NOUN issue-2267 91 30 and and CCONJ issue-2267 91 31 market market NOUN issue-2267 91 32 integration integration NOUN issue-2267 91 33 in in ADP issue-2267 91 34 the the DET issue-2267 91 35 natural natural ADJ issue-2267 91 36 gas gas NOUN issue-2267 91 37 market market NOUN issue-2267 91 38 . . PUNCT issue-2267 92 1 the the DET issue-2267 92 2 analysis analysis NOUN issue-2267 92 3 years year NOUN issue-2267 92 4 are be AUX issue-2267 92 5 based base VERB issue-2267 92 6 on on ADP issue-2267 92 7 the the DET issue-2267 92 8 start start NOUN issue-2267 92 9 of of ADP issue-2267 92 10 natural natural ADJ issue-2267 92 11 gas gas NOUN issue-2267 92 12 trading trading NOUN issue-2267 92 13 on on ADP issue-2267 92 14 the the DET issue-2267 92 15 energy energy NOUN issue-2267 92 16 exchanges exchange NOUN issue-2267 92 17 and and CCONJ issue-2267 92 18 cover cover VERB issue-2267 92 19 the the DET issue-2267 92 20 period period NOUN issue-2267 92 21 from from ADP issue-2267 92 22 2007 2007 NUM issue-2267 92 23 to to ADP issue-2267 92 24 2023 2023 NUM issue-2267 92 25 . . PUNCT issue-2267 93 1 the the DET issue-2267 93 2 starting starting NOUN issue-2267 93 3 point point NOUN issue-2267 93 4 is be AUX issue-2267 93 5 2007 2007 NUM issue-2267 93 6 for for ADP issue-2267 93 7 the the DET issue-2267 93 8 german german ADJ issue-2267 93 9 exchange exchange NOUN issue-2267 93 10 , , PUNCT issue-2267 93 11 2009 2009 NUM issue-2267 93 12 for for ADP issue-2267 93 13 the the DET issue-2267 93 14 austrian austrian ADJ issue-2267 93 15 exchange exchange NOUN issue-2267 93 16 and and CCONJ issue-2267 93 17 2011 2011 NUM issue-2267 93 18 for for ADP issue-2267 93 19 the the DET issue-2267 93 20 italian italian ADJ issue-2267 93 21 exchange exchange NOUN issue-2267 93 22 . . PUNCT issue-2267 94 1 the the DET issue-2267 94 2 analysis analysis NOUN issue-2267 94 3 of of ADP issue-2267 94 4 the the DET issue-2267 94 5 ukrainian ukrainian ADJ issue-2267 94 6 exchange exchange NOUN issue-2267 94 7 covers cover VERB issue-2267 94 8 the the DET issue-2267 94 9 period period NOUN issue-2267 94 10 from from ADP issue-2267 94 11 2017 2017 NUM issue-2267 94 12 to to ADP issue-2267 94 13 2023 2023 NUM issue-2267 94 14 . . PUNCT issue-2267 95 1 the the DET issue-2267 95 2 analysis analysis NOUN issue-2267 95 3 uses use VERB issue-2267 95 4 a a DET issue-2267 95 5 graphical graphical ADJ issue-2267 95 6 method method NOUN issue-2267 95 7 to to PART issue-2267 95 8 visually visually ADV issue-2267 95 9 represent represent VERB issue-2267 95 10 the the DET issue-2267 95 11 evolution evolution NOUN issue-2267 95 12 of of ADP issue-2267 95 13 natural natural ADJ issue-2267 95 14 gas gas NOUN issue-2267 95 15 exchange exchange NOUN issue-2267 95 16 trading trading NOUN issue-2267 95 17 . . PUNCT issue-2267 96 1 graphs graph NOUN issue-2267 96 2 and and CCONJ issue-2267 96 3 charts chart NOUN issue-2267 96 4 are be AUX issue-2267 96 5 used use VERB issue-2267 96 6 to to PART issue-2267 96 7 illustrate illustrate VERB issue-2267 96 8 the the DET issue-2267 96 9 volume volume NOUN issue-2267 96 10 of of ADP issue-2267 96 11 natural natural ADJ issue-2267 96 12 gas gas NOUN issue-2267 96 13 traded trade VERB issue-2267 96 14 in in ADP issue-2267 96 15 europe europe PROPN issue-2267 96 16 in in ADP issue-2267 96 17 general general ADJ issue-2267 96 18 ( ( PUNCT issue-2267 96 19 figures figure NOUN issue-2267 96 20 2 2 NUM issue-2267 96 21 , , PUNCT issue-2267 96 22 3 3 NUM issue-2267 96 23 , , PUNCT issue-2267 96 24 4 4 NUM issue-2267 96 25 ) ) PUNCT issue-2267 96 26 and and CCONJ issue-2267 96 27 the the DET issue-2267 96 28 development development NOUN issue-2267 96 29 of of ADP issue-2267 96 30 the the DET issue-2267 96 31 eex eex NOUN issue-2267 96 32 ( ( PUNCT issue-2267 96 33 figure figure NOUN issue-2267 96 34 5 5 NUM issue-2267 96 35 ) ) PUNCT issue-2267 96 36 , , PUNCT issue-2267 96 37 cegh cegh VERB issue-2267 96 38 gas gas NOUN issue-2267 96 39 exchange exchange NOUN issue-2267 96 40 ( ( PUNCT issue-2267 96 41 figure figure NOUN issue-2267 96 42 6 6 NUM issue-2267 96 43 ) ) PUNCT issue-2267 96 44 , , PUNCT issue-2267 96 45 gme gme X issue-2267 96 46 ( ( PUNCT issue-2267 96 47 figures figure NOUN issue-2267 96 48 7 7 NUM issue-2267 96 49 , , PUNCT issue-2267 96 50 8) 8) NUM issue-2267 96 51 and and CCONJ issue-2267 96 52 ueex ueex NOUN issue-2267 96 53 ( ( PUNCT issue-2267 96 54 figures figure NOUN issue-2267 96 55 9 9 NUM issue-2267 96 56 , , PUNCT issue-2267 96 57 10 10 NUM issue-2267 96 58 ) ) PUNCT issue-2267 96 59 in in ADP issue-2267 96 60 particular particular ADJ issue-2267 96 61 . . PUNCT issue-2267 97 1 baltic baltic PROPN issue-2267 97 2 journal journal PROPN issue-2267 97 3 of of ADP issue-2267 97 4 economic economic ADJ issue-2267 97 5 studies study NOUN issue-2267 97 6 133 133 NUM issue-2267 97 7 vol vol NOUN issue-2267 97 8 . . PROPN issue-2267 98 1 9 9 NUM issue-2267 98 2 no no NOUN issue-2267 98 3 . . NOUN issue-2267 98 4 5 5 NUM issue-2267 98 5 , , PUNCT issue-2267 98 6 2023 2023 NUM issue-2267 98 7 data datum NOUN issue-2267 98 8 on on ADP issue-2267 98 9 the the DET issue-2267 98 10 structure structure NOUN issue-2267 98 11 of of ADP issue-2267 98 12 natural natural ADJ issue-2267 98 13 gas gas NOUN issue-2267 98 14 trading trading NOUN issue-2267 98 15 in in ADP issue-2267 98 16 europe europe PROPN issue-2267 98 17 were be AUX issue-2267 98 18 sourced source VERB issue-2267 98 19 from from ADP issue-2267 98 20 the the DET issue-2267 98 21 trayport trayport NOUN issue-2267 98 22 report report NOUN issue-2267 98 23 ( ( PUNCT issue-2267 98 24 trayport trayport NOUN issue-2267 98 25 , , PUNCT issue-2267 98 26 2019 2019 NUM issue-2267 98 27 ) ) PUNCT issue-2267 98 28 , , PUNCT issue-2267 98 29 acer acer NOUN issue-2267 98 30 - - PUNCT issue-2267 98 31 ceer ceer NOUN issue-2267 98 32 2016–2018 2016–2018 NUM issue-2267 98 33 annual annual ADJ issue-2267 98 34 reports report NOUN issue-2267 98 35 ( ( PUNCT issue-2267 98 36 multiple multiple ADJ issue-2267 98 37 : : PUNCT issue-2267 98 38 2017 2017 NUM issue-2267 98 39 .. .. SYM issue-2267 98 40 2019 2019 NUM issue-2267 98 41 ) ) PUNCT issue-2267 98 42 and and CCONJ issue-2267 98 43 almeida almeida PROPN issue-2267 98 44 & & CCONJ issue-2267 98 45 starn starn PROPN issue-2267 98 46 ( ( PUNCT issue-2267 98 47 2022 2022 NUM issue-2267 98 48 ) ) PUNCT issue-2267 98 49 , , PUNCT issue-2267 98 50 whose whose DET issue-2267 98 51 data datum NOUN issue-2267 98 52 are be AUX issue-2267 98 53 based base VERB issue-2267 98 54 on on ADP issue-2267 98 55 icis icis PROPN issue-2267 98 56 . . PROPN issue-2267 99 1 data data PROPN issue-2267 99 2 for for ADP issue-2267 99 3 specific specific ADJ issue-2267 99 4 stock stock NOUN issue-2267 99 5 exchange exchange NOUN issue-2267 99 6 analyses analysis NOUN issue-2267 99 7 were be AUX issue-2267 99 8 obtained obtain VERB issue-2267 99 9 from from ADP issue-2267 99 10 the the DET issue-2267 99 11 open open ADJ issue-2267 99 12 data datum NOUN issue-2267 99 13 of of ADP issue-2267 99 14 the the DET issue-2267 99 15 selected select VERB issue-2267 99 16 stock stock NOUN issue-2267 99 17 exchanges exchange NOUN issue-2267 99 18 , , PUNCT issue-2267 99 19 mainly mainly ADV issue-2267 99 20 from from ADP issue-2267 99 21 the the DET issue-2267 99 22 annual annual ADJ issue-2267 99 23 reports report NOUN issue-2267 99 24 available available ADJ issue-2267 99 25 on on ADP issue-2267 99 26 the the DET issue-2267 99 27 official official ADJ issue-2267 99 28 websites website NOUN issue-2267 99 29 . . PUNCT issue-2267 100 1 in in ADP issue-2267 100 2 particular particular ADJ issue-2267 100 3 , , PUNCT issue-2267 100 4 eex eex PROPN issue-2267 100 5 data datum NOUN issue-2267 100 6 collected collect VERB issue-2267 100 7 from from ADP issue-2267 100 8 eex eex PROPN issue-2267 100 9 2007–2016 2007–2016 PROPN issue-2267 100 10 ( ( PUNCT issue-2267 100 11 multiple multiple ADJ issue-2267 100 12 : : PUNCT issue-2267 100 13 2008 2008 NUM issue-2267 100 14 .. .. SYM issue-2267 100 15 2017 2017 NUM issue-2267 100 16 ) ) PUNCT issue-2267 100 17 and and CCONJ issue-2267 100 18 eex eex PROPN issue-2267 100 19 group group NOUN issue-2267 100 20 2017–2021 2017–2021 NUM issue-2267 100 21 ( ( PUNCT issue-2267 100 22 multiple multiple ADJ issue-2267 100 23 : : PUNCT issue-2267 100 24 2018 2018 NUM issue-2267 100 25 .. .. SYM issue-2267 100 26 2022 2022 NUM issue-2267 100 27 ) ) PUNCT issue-2267 100 28 annual annual ADJ issue-2267 100 29 reports report NOUN issue-2267 100 30 along along ADP issue-2267 100 31 with with ADP issue-2267 100 32 newsletters newsletter NOUN issue-2267 100 33 available available ADJ issue-2267 100 34 on on ADP issue-2267 100 35 the the DET issue-2267 100 36 official official ADJ issue-2267 100 37 website website NOUN issue-2267 100 38 ( ( PUNCT issue-2267 100 39 eex eex PROPN issue-2267 100 40 group group NOUN issue-2267 100 41 , , PUNCT issue-2267 100 42 multiple multiple ADJ issue-2267 100 43 : : PUNCT issue-2267 100 44 2022 2022 NUM issue-2267 100 45 .. .. SYM issue-2267 100 46 2023 2023 NUM issue-2267 100 47 ) ) PUNCT issue-2267 100 48 , , PUNCT issue-2267 100 49 cegh cegh VERB issue-2267 100 50 gas gas NOUN issue-2267 100 51 exchange exchange NOUN issue-2267 100 52 data datum NOUN issue-2267 100 53 collected collect VERB issue-2267 100 54 from from ADP issue-2267 100 55 energy energy NOUN issue-2267 100 56 community community NOUN issue-2267 100 57 ( ( PUNCT issue-2267 100 58 2021 2021 NUM issue-2267 100 59 ) ) PUNCT issue-2267 100 60 and and CCONJ issue-2267 100 61 cegh cegh VERB issue-2267 100 62 2019–2022 2019–2022 NUM issue-2267 100 63 ( ( PUNCT issue-2267 100 64 multiple multiple ADJ issue-2267 100 65 : : PUNCT issue-2267 100 66 2020 2020 NUM issue-2267 100 67 .. .. SYM issue-2267 100 68 2023 2023 NUM issue-2267 100 69 ) ) PUNCT issue-2267 100 70 press press NOUN issue-2267 100 71 releases release NOUN issue-2267 100 72 , , PUNCT issue-2267 100 73 gme gme NOUN issue-2267 100 74 data datum NOUN issue-2267 100 75 collected collect VERB issue-2267 100 76 from from ADP issue-2267 100 77 gme gme ADJ issue-2267 100 78 2021–2022 2021–2022 NOUN issue-2267 100 79 ( ( PUNCT issue-2267 100 80 multiple multiple ADJ issue-2267 100 81 : : PUNCT issue-2267 100 82 2022 2022 NUM issue-2267 100 83 .. .. SYM issue-2267 100 84 2023 2023 NUM issue-2267 100 85 ) ) PUNCT issue-2267 100 86 annual annual ADJ issue-2267 100 87 reports report NOUN issue-2267 100 88 , , PUNCT issue-2267 100 89 data datum NOUN issue-2267 100 90 for for ADP issue-2267 100 91 poland poland PROPN issue-2267 100 92 and and CCONJ issue-2267 100 93 romania romania PROPN issue-2267 100 94 collected collect VERB issue-2267 100 95 from from ADP issue-2267 100 96 anre anre NOUN issue-2267 100 97 ( ( PUNCT issue-2267 100 98 2020 2020 NUM issue-2267 100 99 ) ) PUNCT issue-2267 100 100 and and CCONJ issue-2267 100 101 tge tge X issue-2267 100 102 ( ( PUNCT issue-2267 100 103 2020 2020 NUM issue-2267 100 104 ) ) PUNCT issue-2267 100 105 annual annual ADJ issue-2267 100 106 reports report NOUN issue-2267 100 107 , , PUNCT issue-2267 100 108 ueex ueex PROPN issue-2267 100 109 data datum NOUN issue-2267 100 110 collected collect VERB issue-2267 100 111 from from ADP issue-2267 100 112 ueex ueex PROPN issue-2267 100 113 2019–2020 2019–2020 NUM issue-2267 100 114 ( ( PUNCT issue-2267 100 115 multiple multiple ADJ issue-2267 100 116 : : PUNCT issue-2267 100 117 2020 2020 NUM issue-2267 100 118 .. .. SYM issue-2267 100 119 2021 2021 NUM issue-2267 100 120 ) ) PUNCT issue-2267 100 121 annual annual ADJ issue-2267 100 122 reports report NOUN issue-2267 100 123 , , PUNCT issue-2267 100 124 ueex ueex ADJ issue-2267 100 125 2021–2023 2021–2023 NUM issue-2267 100 126 press press NOUN issue-2267 100 127 releases release NOUN issue-2267 100 128 ( ( PUNCT issue-2267 100 129 multiple multiple ADJ issue-2267 100 130 : : PUNCT issue-2267 100 131 2021 2021 NUM issue-2267 100 132 .. .. PUNCT issue-2267 100 133 2023 2023 NUM issue-2267 100 134 ) ) PUNCT issue-2267 100 135 and and CCONJ issue-2267 100 136 skat skat NOUN issue-2267 100 137 - - PUNCT issue-2267 100 138 trade trade NOUN issue-2267 100 139 analysis analysis NOUN issue-2267 100 140 ( ( PUNCT issue-2267 100 141 multiple multiple ADJ issue-2267 100 142 : : PUNCT issue-2267 100 143 2020 2020 NUM issue-2267 100 144 .. .. PUNCT issue-2267 100 145 2023 2023 NUM issue-2267 100 146 ) ) PUNCT issue-2267 100 147 . . PUNCT issue-2267 101 1 the the DET issue-2267 101 2 growth growth NOUN issue-2267 101 3 rates rate NOUN issue-2267 101 4 of of ADP issue-2267 101 5 cegh cegh VERB issue-2267 101 6 and and CCONJ issue-2267 101 7 gme gme ADJ issue-2267 101 8 natural natural ADJ issue-2267 101 9 gas gas NOUN issue-2267 101 10 trade trade NOUN issue-2267 101 11 were be AUX issue-2267 101 12 calculated calculate VERB issue-2267 101 13 by by ADP issue-2267 101 14 the the DET issue-2267 101 15 authors author NOUN issue-2267 101 16 ( ( PUNCT issue-2267 101 17 figures figure NOUN issue-2267 101 18 6 6 NUM issue-2267 101 19 , , PUNCT issue-2267 101 20 8) 8) NUM issue-2267 101 21 . . PUNCT issue-2267 101 22 data datum NOUN issue-2267 101 23 limitations limitation NOUN issue-2267 101 24 are be AUX issue-2267 101 25 related relate VERB issue-2267 101 26 to to ADP issue-2267 101 27 ueex ueex NOUN issue-2267 101 28 . . PUNCT issue-2267 102 1 in in ADP issue-2267 102 2 particular particular ADJ issue-2267 102 3 , , PUNCT issue-2267 102 4 there there PRON issue-2267 102 5 is be VERB issue-2267 102 6 no no DET issue-2267 102 7 data datum NOUN issue-2267 102 8 for for ADP issue-2267 102 9 natural natural ADJ issue-2267 102 10 gas gas NOUN issue-2267 102 11 traded trade VERB issue-2267 102 12 volumes volume NOUN issue-2267 102 13 in in ADP issue-2267 102 14 february february PROPN issue-2267 102 15 2022 2022 NUM issue-2267 102 16 , , PUNCT issue-2267 102 17 so so CCONJ issue-2267 102 18 this this DET issue-2267 102 19 month month NOUN issue-2267 102 20 is be AUX issue-2267 102 21 not not PART issue-2267 102 22 included include VERB issue-2267 102 23 in in ADP issue-2267 102 24 figure figure NOUN issue-2267 102 25 9 9 NUM issue-2267 102 26 . . PUNCT issue-2267 103 1 also also ADV issue-2267 103 2 , , PUNCT issue-2267 103 3 the the DET issue-2267 103 4 publicly publicly ADV issue-2267 103 5 available available ADJ issue-2267 103 6 ueex ueex PROPN issue-2267 103 7 data datum NOUN issue-2267 103 8 did do AUX issue-2267 103 9 not not PART issue-2267 103 10 include include VERB issue-2267 103 11 the the DET issue-2267 103 12 structure structure NOUN issue-2267 103 13 of of ADP issue-2267 103 14 monthly monthly ADJ issue-2267 103 15 traded trade VERB issue-2267 103 16 volumes volume NOUN issue-2267 103 17 trading trading NOUN issue-2267 103 18 exchange exchange NOUN issue-2267 103 19 facilitates facilitate VERB issue-2267 103 20 trading trading NOUN issue-2267 103 21 activities activity NOUN issue-2267 103 22 regulatory regulatory ADJ issue-2267 103 23 framework framework NOUN issue-2267 103 24 physical physical ADJ issue-2267 103 25 infrastructure infrastructure NOUN issue-2267 103 26 ( ( PUNCT issue-2267 103 27 storage storage NOUN issue-2267 103 28 , , PUNCT issue-2267 103 29 pipelines pipeline NOUN issue-2267 103 30 , , PUNCT issue-2267 103 31 lng lng NOUN issue-2267 103 32 terminals terminal NOUN issue-2267 103 33 ) ) PUNCT issue-2267 103 34 clearing clearing NOUN issue-2267 103 35 and and CCONJ issue-2267 103 36 settlement settlement NOUN issue-2267 103 37 services service NOUN issue-2267 103 38 standardized standardize VERB issue-2267 103 39 contract contract NOUN issue-2267 103 40 types type NOUN issue-2267 103 41 enables enable VERB issue-2267 103 42 electronic electronic ADJ issue-2267 103 43 trading trading NOUN issue-2267 103 44 different different ADJ issue-2267 103 45 contract contract NOUN issue-2267 103 46 options option NOUN issue-2267 103 47 manages manage VERB issue-2267 103 48 counterparty counterparty NOUN issue-2267 103 49 riskprovides riskprovide VERB issue-2267 103 50 real real ADJ issue-2267 103 51 - - PUNCT issue-2267 103 52 time time NOUN issue-2267 103 53 dataestablishes dataestablishe VERB issue-2267 103 54 market market NOUN issue-2267 103 55 rules rule NOUN issue-2267 103 56 electronic electronic ADJ issue-2267 103 57 platform platform NOUN issue-2267 103 58 market market NOUN issue-2267 103 59 data datum NOUN issue-2267 103 60 and and CCONJ issue-2267 103 61 information information NOUN issue-2267 103 62 figure figure NOUN issue-2267 103 63 1 1 NUM issue-2267 103 64 . . PUNCT issue-2267 103 65 elements element NOUN issue-2267 103 66 of of ADP issue-2267 103 67 the the DET issue-2267 103 68 infrastructure infrastructure NOUN issue-2267 103 69 of of ADP issue-2267 103 70 natural natural ADJ issue-2267 103 71 gas gas NOUN issue-2267 103 72 exchanges exchange NOUN issue-2267 103 73 source source NOUN issue-2267 103 74 : : PUNCT issue-2267 103 75 own own ADJ issue-2267 103 76 development development NOUN issue-2267 103 77 0 0 NUM issue-2267 103 78 5 5 NUM issue-2267 103 79 10 10 NUM issue-2267 103 80 15 15 NUM issue-2267 103 81 20 20 NUM issue-2267 103 82 25 25 NUM issue-2267 103 83 u u NOUN issue-2267 104 1 k k PROPN issue-2267 104 2 eu eu PROPN issue-2267 104 3 ro ro PROPN issue-2267 104 4 u u PROPN issue-2267 104 5 k k PROPN issue-2267 104 6 eu eu PROPN issue-2267 104 7 ro ro PROPN issue-2267 104 8 u u PROPN issue-2267 104 9 k k PROPN issue-2267 104 10 eu eu PROPN issue-2267 104 11 ro ro PROPN issue-2267 104 12 u u PROPN issue-2267 104 13 k k PROPN issue-2267 104 14 eu eu PROPN issue-2267 104 15 ro ro PROPN issue-2267 104 16 u u PROPN issue-2267 104 17 k k PROPN issue-2267 104 18 eu eu PROPN issue-2267 104 19 ro ro PROPN issue-2267 104 20 u u PROPN issue-2267 104 21 k k PROPN issue-2267 104 22 eu eu PROPN issue-2267 104 23 ro ro PROPN issue-2267 104 24 2014 2014 NUM issue-2267 104 25 2015 2015 NUM issue-2267 104 26 2016 2016 NUM issue-2267 104 27 2017 2017 NUM issue-2267 104 28 2018 2018 NUM issue-2267 104 29 2019 2019 NUM issue-2267 104 30 uk uk PROPN issue-2267 104 31 and and CCONJ issue-2267 104 32 euro euro PROPN issue-2267 104 33 gas gas NOUN issue-2267 104 34 , , PUNCT issue-2267 104 35 twh twh PROPN issue-2267 104 36 exchange exchange PROPN issue-2267 104 37 broker broker PROPN issue-2267 104 38 cleared clear VERB issue-2267 104 39 0 0 NUM issue-2267 104 40 % % NOUN issue-2267 104 41 20 20 NUM issue-2267 104 42 % % NOUN issue-2267 104 43 40 40 NUM issue-2267 104 44 % % NOUN issue-2267 104 45 60 60 NUM issue-2267 104 46 % % NOUN issue-2267 104 47 80 80 NUM issue-2267 104 48 % % NOUN issue-2267 104 49 100 100 NUM issue-2267 104 50 % % NOUN issue-2267 104 51 20 20 NUM issue-2267 104 52 14 14 NUM issue-2267 104 53 20 20 NUM issue-2267 104 54 15 15 NUM issue-2267 104 55 20 20 NUM issue-2267 104 56 16 16 NUM issue-2267 104 57 20 20 NUM issue-2267 104 58 17 17 NUM issue-2267 104 59 20 20 NUM issue-2267 104 60 18 18 NUM issue-2267 104 61 20 20 NUM issue-2267 104 62 19 19 NUM issue-2267 104 63 total total NOUN issue-2267 104 64 , , PUNCT issue-2267 104 65 % % INTJ issue-2267 104 66 exchange exchange NOUN issue-2267 104 67 figure figure NOUN issue-2267 104 68 2 2 NUM issue-2267 104 69 . . PUNCT issue-2267 104 70 trade trade NOUN issue-2267 104 71 volumes volume NOUN issue-2267 104 72 of of ADP issue-2267 104 73 eu eu PROPN issue-2267 104 74 and and CCONJ issue-2267 104 75 uk uk PROPN issue-2267 104 76 gas gas NOUN issue-2267 104 77 source source NOUN issue-2267 104 78 : : PUNCT issue-2267 104 79 own own ADJ issue-2267 104 80 development development NOUN issue-2267 104 81 based base VERB issue-2267 104 82 on on ADP issue-2267 104 83 ( ( PUNCT issue-2267 104 84 trayport trayport NOUN issue-2267 104 85 , , PUNCT issue-2267 104 86 2019 2019 NUM issue-2267 104 87 ) ) PUNCT issue-2267 104 88 note note NOUN issue-2267 104 89 : : PUNCT issue-2267 104 90 ytd ytd PROPN issue-2267 104 91 trends trend NOUN issue-2267 104 92 . . PUNCT issue-2267 105 1 information information NOUN issue-2267 105 2 as as ADP issue-2267 105 3 at at ADP issue-2267 105 4 : : PUNCT issue-2267 105 5 30 30 NUM issue-2267 105 6 june june PROPN issue-2267 105 7 2019 2019 NUM issue-2267 105 8 . . PUNCT issue-2267 106 1 definitions definition NOUN issue-2267 106 2 : : PUNCT issue-2267 106 3 broker broker NOUN issue-2267 106 4 bilateral bilateral ADJ issue-2267 106 5 – – PUNCT issue-2267 106 6 total total ADJ issue-2267 106 7 volume volume NOUN issue-2267 106 8 executed execute VERB issue-2267 106 9 at at ADP issue-2267 106 10 a a DET issue-2267 106 11 broker broker NOUN issue-2267 106 12 and and CCONJ issue-2267 106 13 settled settle VERB issue-2267 106 14 bilaterally bilaterally ADV issue-2267 106 15 , , PUNCT issue-2267 106 16 without without ADP issue-2267 106 17 the the DET issue-2267 106 18 involvement involvement NOUN issue-2267 106 19 of of ADP issue-2267 106 20 a a DET issue-2267 106 21 clearinghouse clearinghouse NOUN issue-2267 106 22 . . PUNCT issue-2267 107 1 total total ADJ issue-2267 107 2 volume volume NOUN issue-2267 107 3 concluded conclude VERB issue-2267 107 4 with with ADP issue-2267 107 5 a a DET issue-2267 107 6 broker broker NOUN issue-2267 107 7 and and CCONJ issue-2267 107 8 settled settle VERB issue-2267 107 9 bilaterally bilaterally ADV issue-2267 107 10 , , PUNCT issue-2267 107 11 without without ADP issue-2267 107 12 the the DET issue-2267 107 13 involvement involvement NOUN issue-2267 107 14 of of ADP issue-2267 107 15 a a DET issue-2267 107 16 clearing clearing NOUN issue-2267 107 17 house house NOUN issue-2267 107 18 . . PUNCT issue-2267 108 1 broker broker PROPN issue-2267 108 2 cleared clear VERB issue-2267 108 3 – – PUNCT issue-2267 108 4 the the DET issue-2267 108 5 total total ADJ issue-2267 108 6 volume volume NOUN issue-2267 108 7 concluded conclude VERB issue-2267 108 8 with with ADP issue-2267 108 9 a a DET issue-2267 108 10 broker broker NOUN issue-2267 108 11 or or CCONJ issue-2267 108 12 off off ADP issue-2267 108 13 - - PUNCT issue-2267 108 14 exchange exchange NOUN issue-2267 108 15 and and CCONJ issue-2267 108 16 transferred transfer VERB issue-2267 108 17 for for ADP issue-2267 108 18 clearing clear VERB issue-2267 108 19 to to ADP issue-2267 108 20 a a DET issue-2267 108 21 clearing clearing NOUN issue-2267 108 22 centre centre NOUN issue-2267 108 23 . . PUNCT issue-2267 109 1 exchange exchange NOUN issue-2267 109 2 – – PUNCT issue-2267 109 3 the the DET issue-2267 109 4 total total ADJ issue-2267 109 5 volume volume NOUN issue-2267 109 6 executed execute VERB issue-2267 109 7 at at ADP issue-2267 109 8 the the DET issue-2267 109 9 clearing clearing NOUN issue-2267 109 10 centre centre PROPN issue-2267 109 11 baltic baltic PROPN issue-2267 109 12 journal journal PROPN issue-2267 109 13 of of ADP issue-2267 109 14 economic economic ADJ issue-2267 109 15 studies study NOUN issue-2267 109 16 134 134 NUM issue-2267 109 17 vol vol NOUN issue-2267 109 18 . . PROPN issue-2267 110 1 9 9 NUM issue-2267 110 2 no no NOUN issue-2267 110 3 . . NOUN issue-2267 110 4 5 5 NUM issue-2267 110 5 , , PUNCT issue-2267 110 6 2023 2023 NUM issue-2267 110 7 in in ADP issue-2267 110 8 august august PROPN issue-2267 110 9 2020 2020 NUM issue-2267 110 10 – – PUNCT issue-2267 110 11 april april PROPN issue-2267 110 12 2021 2021 NUM issue-2267 110 13 , , PUNCT issue-2267 110 14 september september PROPN issue-2267 110 15 – – PUNCT issue-2267 110 16 october october PROPN issue-2267 110 17 2021 2021 NUM issue-2267 110 18 and and CCONJ issue-2267 110 19 october october PROPN issue-2267 110 20 2022 2022 NUM issue-2267 110 21 . . PUNCT issue-2267 111 1 to to PART issue-2267 111 2 fill fill VERB issue-2267 111 3 this this DET issue-2267 111 4 gap gap NOUN issue-2267 111 5 , , PUNCT issue-2267 111 6 the the DET issue-2267 111 7 skattrade skattrade VERB issue-2267 111 8 data datum NOUN issue-2267 111 9 for for ADP issue-2267 111 10 these these DET issue-2267 111 11 months month NOUN issue-2267 111 12 was be AUX issue-2267 111 13 used use VERB issue-2267 111 14 . . PUNCT issue-2267 112 1 4 4 X issue-2267 112 2 . . X issue-2267 112 3 development development NOUN issue-2267 112 4 of of ADP issue-2267 112 5 natural natural ADJ issue-2267 112 6 gas gas NOUN issue-2267 112 7 exchange exchange NOUN issue-2267 112 8 trading trading NOUN issue-2267 112 9 in in ADP issue-2267 112 10 europe europe PROPN issue-2267 112 11 exchange exchange NOUN issue-2267 112 12 trading trading NOUN issue-2267 112 13 is be AUX issue-2267 112 14 one one NUM issue-2267 112 15 of of ADP issue-2267 112 16 the the DET issue-2267 112 17 signs sign NOUN issue-2267 112 18 of of ADP issue-2267 112 19 the the DET issue-2267 112 20 development development NOUN issue-2267 112 21 of of ADP issue-2267 112 22 the the DET issue-2267 112 23 natural natural ADJ issue-2267 112 24 gas gas NOUN issue-2267 112 25 market market NOUN issue-2267 112 26 that that PRON issue-2267 112 27 is be AUX issue-2267 112 28 strongly strongly ADV issue-2267 112 29 related relate VERB issue-2267 112 30 to to ADP issue-2267 112 31 the the DET issue-2267 112 32 liberalisation liberalisation NOUN issue-2267 112 33 process process NOUN issue-2267 112 34 ( ( PUNCT issue-2267 112 35 see see VERB issue-2267 112 36 kurbet kurbet NOUN issue-2267 112 37 , , PUNCT issue-2267 112 38 2022 2022 NUM issue-2267 112 39 ) ) PUNCT issue-2267 112 40 . . PUNCT issue-2267 113 1 this this PRON issue-2267 113 2 can can AUX issue-2267 113 3 be be AUX issue-2267 113 4 seen see VERB issue-2267 113 5 in in ADP issue-2267 113 6 the the DET issue-2267 113 7 growth growth NOUN issue-2267 113 8 of of ADP issue-2267 113 9 the the DET issue-2267 113 10 share share NOUN issue-2267 113 11 of of ADP issue-2267 113 12 natural natural ADJ issue-2267 113 13 gas gas NOUN issue-2267 113 14 traded trade VERB issue-2267 113 15 on on ADP issue-2267 113 16 exchanges exchange NOUN issue-2267 113 17 in in ADP issue-2267 113 18 the the DET issue-2267 113 19 european european ADJ issue-2267 113 20 market market NOUN issue-2267 113 21 . . PUNCT issue-2267 114 1 according accord VERB issue-2267 114 2 to to ADP issue-2267 114 3 trayport trayport NOUN issue-2267 114 4 data datum NOUN issue-2267 114 5 ( ( PUNCT issue-2267 114 6 see see VERB issue-2267 114 7 figure figure NOUN issue-2267 114 8 2 2 NUM issue-2267 114 9 ) ) PUNCT issue-2267 114 10 , , PUNCT issue-2267 114 11 the the DET issue-2267 114 12 share share NOUN issue-2267 114 13 of of ADP issue-2267 114 14 exchange exchange NOUN issue-2267 114 15 trading trading NOUN issue-2267 114 16 on on ADP issue-2267 114 17 the the DET issue-2267 114 18 uk uk PROPN issue-2267 114 19 market market NOUN issue-2267 114 20 was be AUX issue-2267 114 21 significant significant ADJ issue-2267 114 22 , , PUNCT issue-2267 114 23 accounting account VERB issue-2267 114 24 for for ADP issue-2267 114 25 40 40 NUM issue-2267 114 26 % % NOUN issue-2267 114 27 of of ADP issue-2267 114 28 traded trade VERB issue-2267 114 29 volumes volume NOUN issue-2267 114 30 in in ADP issue-2267 114 31 2014 2014 NUM issue-2267 114 32 and and CCONJ issue-2267 114 33 rising rise VERB issue-2267 114 34 to to ADP issue-2267 114 35 51 51 NUM issue-2267 114 36 % % NOUN issue-2267 114 37 in in ADP issue-2267 114 38 2019 2019 NUM issue-2267 114 39 . . PUNCT issue-2267 115 1 the the DET issue-2267 115 2 situation situation NOUN issue-2267 115 3 is be AUX issue-2267 115 4 quite quite ADV issue-2267 115 5 different different ADJ issue-2267 115 6 for for ADP issue-2267 115 7 euro euro NOUN issue-2267 115 8 gas gas NOUN issue-2267 115 9 , , PUNCT issue-2267 115 10 where where SCONJ issue-2267 115 11 the the DET issue-2267 115 12 share share NOUN issue-2267 115 13 of of ADP issue-2267 115 14 exchange exchange NOUN issue-2267 115 15 traded trade VERB issue-2267 115 16 volumes volume NOUN issue-2267 115 17 was be AUX issue-2267 115 18 only only ADV issue-2267 115 19 8 8 NUM issue-2267 115 20 % % NOUN issue-2267 115 21 , , PUNCT issue-2267 115 22 but but CCONJ issue-2267 115 23 increased increase VERB issue-2267 115 24 by by ADP issue-2267 115 25 18 18 NUM issue-2267 115 26 % % NOUN issue-2267 115 27 over over ADP issue-2267 115 28 the the DET issue-2267 115 29 same same ADJ issue-2267 115 30 period period NOUN issue-2267 115 31 . . PUNCT issue-2267 116 1 in in ADP issue-2267 116 2 general general ADJ issue-2267 116 3 , , PUNCT issue-2267 116 4 the the DET issue-2267 116 5 share share NOUN issue-2267 116 6 of of ADP issue-2267 116 7 exchange exchange NOUN issue-2267 116 8 trading trading NOUN issue-2267 116 9 increased increase VERB issue-2267 116 10 from from ADP issue-2267 116 11 25 25 NUM issue-2267 116 12 % % NOUN issue-2267 116 13 to to PART issue-2267 116 14 31 31 NUM issue-2267 116 15 % % NOUN issue-2267 116 16 . . PUNCT issue-2267 117 1 the the DET issue-2267 117 2 trend trend NOUN issue-2267 117 3 towards towards ADP issue-2267 117 4 an an DET issue-2267 117 5 increasing increase VERB issue-2267 117 6 share share NOUN issue-2267 117 7 of of ADP issue-2267 117 8 exchange exchange NOUN issue-2267 117 9 trading trading NOUN issue-2267 117 10 with with ADP issue-2267 117 11 a a DET issue-2267 117 12 simultaneous simultaneous ADJ issue-2267 117 13 dominance dominance NOUN issue-2267 117 14 of of ADP issue-2267 117 15 otc otc PROPN issue-2267 117 16 trading trading NOUN issue-2267 117 17 also also ADV issue-2267 117 18 applies apply VERB issue-2267 117 19 to to ADP issue-2267 117 20 the the DET issue-2267 117 21 individual individual ADJ issue-2267 117 22 european european PROPN issue-2267 117 23 gas gas NOUN issue-2267 117 24 hubs hub NOUN issue-2267 117 25 . . PUNCT issue-2267 118 1 according accord VERB issue-2267 118 2 to to ADP issue-2267 118 3 acer acer NOUN issue-2267 118 4 ( ( PUNCT issue-2267 118 5 multiple multiple ADJ issue-2267 118 6 : : PUNCT issue-2267 118 7 2017 2017 NUM issue-2267 118 8 .. .. SYM issue-2267 118 9 2019 2019 NUM issue-2267 118 10 ) ) PUNCT issue-2267 118 11 , , PUNCT issue-2267 118 12 the the DET issue-2267 118 13 share share NOUN issue-2267 118 14 of of ADP issue-2267 118 15 exchange exchange NOUN issue-2267 118 16 trading trading NOUN issue-2267 118 17 on on ADP issue-2267 118 18 the the DET issue-2267 118 19 dutch dutch PROPN issue-2267 118 20 ttf ttf PROPN issue-2267 118 21 , , PUNCT issue-2267 118 22 the the DET issue-2267 118 23 uk uk PROPN issue-2267 118 24 nbp nbp PROPN issue-2267 118 25 and and CCONJ issue-2267 118 26 the the DET issue-2267 118 27 danish danish PROPN issue-2267 118 28 ncg ncg PROPN issue-2267 118 29 increased increase VERB issue-2267 118 30 significantly significantly ADV issue-2267 118 31 in in ADP issue-2267 118 32 the the DET issue-2267 118 33 period period NOUN issue-2267 118 34 2012–2018 2012–2018 NUM issue-2267 118 35 ( ( PUNCT issue-2267 118 36 see see VERB issue-2267 118 37 figure figure NOUN issue-2267 118 38 3 3 NUM issue-2267 118 39 ) ) PUNCT issue-2267 118 40 . . PUNCT issue-2267 119 1 on on ADP issue-2267 119 2 many many ADJ issue-2267 119 3 hubs hub NOUN issue-2267 119 4 it it PRON issue-2267 119 5 mostly mostly ADV issue-2267 119 6 fluctuated fluctuate VERB issue-2267 119 7 within within ADP issue-2267 119 8 a a DET issue-2267 119 9 few few ADJ issue-2267 119 10 percent percent NOUN issue-2267 119 11 , , PUNCT issue-2267 119 12 not not PART issue-2267 119 13 without without ADP issue-2267 119 14 exceptions exception NOUN issue-2267 119 15 where where SCONJ issue-2267 119 16 natural natural ADJ issue-2267 119 17 gas gas NOUN issue-2267 119 18 exchange exchange NOUN issue-2267 119 19 trading trading NOUN issue-2267 119 20 predominated predominate VERB issue-2267 119 21 , , PUNCT issue-2267 119 22 such such ADJ issue-2267 119 23 as as ADP issue-2267 119 24 poland poland PROPN issue-2267 119 25 , , PUNCT issue-2267 119 26 or or CCONJ issue-2267 119 27 was be AUX issue-2267 119 28 the the DET issue-2267 119 29 only only ADJ issue-2267 119 30 type type NOUN issue-2267 119 31 of of ADP issue-2267 119 32 trading trading NOUN issue-2267 119 33 , , PUNCT issue-2267 119 34 such such ADJ issue-2267 119 35 as as ADP issue-2267 119 36 romania romania PROPN issue-2267 119 37 and and CCONJ issue-2267 119 38 hungary hungary PROPN issue-2267 119 39 . . PUNCT issue-2267 120 1 according accord VERB issue-2267 120 2 to to ADP issue-2267 120 3 broader broad ADJ issue-2267 120 4 data datum NOUN issue-2267 120 5 from from ADP issue-2267 120 6 almeida almeida PROPN issue-2267 120 7 & & CCONJ issue-2267 120 8 starn starn PROPN issue-2267 120 9 ( ( PUNCT issue-2267 120 10 2022 2022 NUM issue-2267 120 11 ) ) PUNCT issue-2267 120 12 , , PUNCT issue-2267 120 13 the the DET issue-2267 120 14 proportion proportion NOUN issue-2267 120 15 of of ADP issue-2267 120 16 shares share NOUN issue-2267 120 17 traded trade VERB issue-2267 120 18 on on ADP issue-2267 120 19 the the DET issue-2267 120 20 stock stock NOUN issue-2267 120 21 exchange exchange NOUN issue-2267 120 22 changed change VERB issue-2267 120 23 radically radically ADV issue-2267 120 24 between between ADP issue-2267 120 25 2014 2014 NUM issue-2267 120 26 and and CCONJ issue-2267 120 27 2021 2021 NUM issue-2267 120 28 , , PUNCT issue-2267 120 29 from from ADP issue-2267 120 30 7 7 NUM issue-2267 120 31 % % NOUN issue-2267 120 32 at at ADP issue-2267 120 33 the the DET issue-2267 120 34 beginning beginning NOUN issue-2267 120 35 of of ADP issue-2267 120 36 2014 2014 NUM issue-2267 120 37 to to ADP issue-2267 120 38 80 80 NUM issue-2267 120 39 % % NOUN issue-2267 120 40 at at ADP issue-2267 120 41 the the DET issue-2267 120 42 end end NOUN issue-2267 120 43 of of ADP issue-2267 120 44 2021 2021 NUM issue-2267 120 45 ( ( PUNCT issue-2267 120 46 see see VERB issue-2267 120 47 figure figure NOUN issue-2267 120 48 4 4 NUM issue-2267 120 49 ) ) PUNCT issue-2267 120 50 . . PUNCT issue-2267 121 1 in in ADP issue-2267 121 2 this this DET issue-2267 121 3 paper paper NOUN issue-2267 121 4 , , PUNCT issue-2267 121 5 it it PRON issue-2267 121 6 was be AUX issue-2267 121 7 assumed assume VERB issue-2267 121 8 that that SCONJ issue-2267 121 9 the the DET issue-2267 121 10 recent recent ADJ issue-2267 121 11 data datum NOUN issue-2267 121 12 for for ADP issue-2267 121 13 2022 2022 NUM issue-2267 121 14 and and CCONJ issue-2267 121 15 2023 2023 NUM issue-2267 121 16 may may AUX issue-2267 121 17 not not PART issue-2267 121 18 reflect reflect VERB issue-2267 121 19 long long ADJ issue-2267 121 20 - - PUNCT issue-2267 121 21 term term NOUN issue-2267 121 22 trends trend NOUN issue-2267 121 23 , , PUNCT issue-2267 121 24 as as SCONJ issue-2267 121 25 they they PRON issue-2267 121 26 are be AUX issue-2267 121 27 the the DET issue-2267 121 28 result result NOUN issue-2267 121 29 of of ADP issue-2267 121 30 force force NOUN issue-2267 121 31 majeure majeure NOUN issue-2267 121 32 circumstances circumstance NOUN issue-2267 121 33 figure figure VERB issue-2267 121 34 3 3 NUM issue-2267 121 35 . . PUNCT issue-2267 121 36 shares share NOUN issue-2267 121 37 of of ADP issue-2267 121 38 otc otc PROPN issue-2267 121 39 and and CCONJ issue-2267 121 40 exchange exchange NOUN issue-2267 121 41 trading trading NOUN issue-2267 121 42 volumes volume NOUN issue-2267 121 43 by by ADP issue-2267 121 44 hubs hub NOUN issue-2267 121 45 , , PUNCT issue-2267 121 46 twh twh ADJ issue-2267 121 47 / / SYM issue-2267 121 48 year year NOUN issue-2267 121 49 source source NOUN issue-2267 121 50 : : PUNCT issue-2267 121 51 own own ADJ issue-2267 121 52 development development NOUN issue-2267 121 53 based base VERB issue-2267 121 54 on on ADP issue-2267 121 55 ( ( PUNCT issue-2267 121 56 acer acer NOUN issue-2267 121 57 , , PUNCT issue-2267 121 58 multiple multiple ADJ issue-2267 121 59 : : PUNCT issue-2267 121 60 2017 2017 NUM issue-2267 121 61 .. .. SYM issue-2267 121 62 2019 2019 NUM issue-2267 121 63 ) ) PUNCT issue-2267 121 64 note note NOUN issue-2267 121 65 : : PUNCT issue-2267 121 66 since since SCONJ issue-2267 121 67 2019 2019 NUM issue-2267 121 68 there there PRON issue-2267 121 69 is be VERB issue-2267 121 70 no no DET issue-2267 121 71 data datum NOUN issue-2267 121 72 on on ADP issue-2267 121 73 otc otc PROPN issue-2267 121 74 and and CCONJ issue-2267 121 75 exchange exchange NOUN issue-2267 121 76 traded trade VERB issue-2267 121 77 volumes volume NOUN issue-2267 121 78 in in ADP issue-2267 121 79 acer acer NOUN issue-2267 121 80 - - PUNCT issue-2267 121 81 ceer ceer NOUN issue-2267 121 82 reports report NOUN issue-2267 122 1 0 0 NUM issue-2267 122 2 70 70 NUM issue-2267 122 3 140 140 NUM issue-2267 122 4 210 210 NUM issue-2267 122 5 20 20 NUM issue-2267 122 6 13 13 NUM issue-2267 122 7 20 20 NUM issue-2267 122 8 14 14 NUM issue-2267 122 9 20 20 NUM issue-2267 122 10 15 15 NUM issue-2267 122 11 20 20 NUM issue-2267 122 12 16 16 NUM issue-2267 122 13 20 20 NUM issue-2267 122 14 17 17 NUM issue-2267 122 15 20 20 NUM issue-2267 122 16 16 16 NUM issue-2267 122 17 20 20 NUM issue-2267 122 18 18 18 NUM issue-2267 122 19 20 20 NUM issue-2267 122 20 16 16 NUM issue-2267 122 21 20 20 NUM issue-2267 122 22 17 17 NUM issue-2267 122 23 20 20 NUM issue-2267 122 24 18 18 NUM issue-2267 122 25 20 20 NUM issue-2267 122 26 16 16 NUM issue-2267 122 27 20 20 NUM issue-2267 122 28 17 17 NUM issue-2267 122 29 20 20 NUM issue-2267 122 30 17 17 NUM issue-2267 122 31 20 20 NUM issue-2267 122 32 16 16 NUM issue-2267 122 33 20 20 NUM issue-2267 122 34 18 18 NUM issue-2267 122 35 20 20 NUM issue-2267 122 36 16 16 NUM issue-2267 122 37 20 20 NUM issue-2267 122 38 18 18 NUM issue-2267 122 39 20 20 NUM issue-2267 122 40 16 16 NUM issue-2267 122 41 20 20 NUM issue-2267 122 42 18 18 NUM issue-2267 122 43 20 20 NUM issue-2267 122 44 16 16 NUM issue-2267 122 45 20 20 NUM issue-2267 122 46 17 17 NUM issue-2267 122 47 20 20 NUM issue-2267 122 48 16 16 NUM issue-2267 122 49 20 20 NUM issue-2267 122 50 17 17 NUM issue-2267 122 51 20 20 NUM issue-2267 122 52 18 18 NUM issue-2267 122 53 20 20 NUM issue-2267 122 54 16 16 NUM issue-2267 122 55 20 20 NUM issue-2267 122 56 18 18 NUM issue-2267 122 57 20 20 NUM issue-2267 122 58 16 16 NUM issue-2267 122 59 20 20 NUM issue-2267 122 60 17 17 NUM issue-2267 122 61 20 20 NUM issue-2267 122 62 18 18 NUM issue-2267 122 63 20 20 NUM issue-2267 122 64 18 18 NUM issue-2267 122 65 cz cz NOUN issue-2267 122 66 - - PUNCT issue-2267 122 67 vob vob NOUN issue-2267 122 68 pl pl NOUN issue-2267 122 69 - - PUNCT issue-2267 122 70 vtp vtp NOUN issue-2267 122 71 es es NOUN issue-2267 122 72 - - PUNCT issue-2267 122 73 pvb pvb NOUN issue-2267 122 74 dk dk PROPN issue-2267 122 75 - - PUNCT issue-2267 122 76 gpngtf gpngtf ADJ issue-2267 122 77 plvpgz plvpgz ADJ issue-2267 122 78 cz cz NOUN issue-2267 122 79 - - PUNCT issue-2267 122 80 vtp vtp NOUN issue-2267 122 81 ro ro NOUN issue-2267 122 82 - - ADJ issue-2267 122 83 vtp vtp ADJ issue-2267 122 84 dk dk PROPN issue-2267 122 85 - - PUNCT issue-2267 122 86 vtp vtp PROPN issue-2267 122 87 sk sk PROPN issue-2267 122 88 - - PUNCT issue-2267 122 89 otc otc NOUN issue-2267 122 90 hu hu PROPN issue-2267 122 91 - - PUNCT issue-2267 122 92 mgp mgp PROPN issue-2267 122 93 sk sk PROPN issue-2267 122 94 - - PUNCT issue-2267 122 95 vtp vtp NOUN issue-2267 122 96 li li PROPN issue-2267 122 97 - - NOUN issue-2267 122 98 get get VERB issue-2267 122 99 ieibp ieibp NOUN issue-2267 122 100 ltvtp ltvtp PROPN issue-2267 122 101 otc otc PROPN issue-2267 122 102 exchange exchange VERB issue-2267 122 103 0 0 NUM issue-2267 122 104 10000 10000 NUM issue-2267 122 105 20000 20000 NUM issue-2267 122 106 30000 30000 NUM issue-2267 122 107 20 20 NUM issue-2267 122 108 12 12 NUM issue-2267 122 109 20 20 NUM issue-2267 122 110 14 14 NUM issue-2267 122 111 20 20 NUM issue-2267 122 112 16 16 NUM issue-2267 122 113 20 20 NUM issue-2267 122 114 18 18 NUM issue-2267 122 115 20 20 NUM issue-2267 122 116 13 13 NUM issue-2267 122 117 20 20 NUM issue-2267 122 118 15 15 NUM issue-2267 122 119 20 20 NUM issue-2267 122 120 17 17 NUM issue-2267 122 121 nl nl PROPN issue-2267 122 122 - - PUNCT issue-2267 122 123 ttf ttf PROPN issue-2267 122 124 uk uk PROPN issue-2267 122 125 - - PROPN issue-2267 122 126 nbp nbp PROPN issue-2267 122 127 0 0 NUM issue-2267 122 128 1000 1000 NUM issue-2267 122 129 2000 2000 NUM issue-2267 122 130 3000 3000 NUM issue-2267 122 131 20 20 NUM issue-2267 122 132 12 12 NUM issue-2267 122 133 20 20 NUM issue-2267 122 134 14 14 NUM issue-2267 122 135 20 20 NUM issue-2267 122 136 16 16 NUM issue-2267 122 137 20 20 NUM issue-2267 122 138 18 18 NUM issue-2267 122 139 20 20 NUM issue-2267 122 140 13 13 NUM issue-2267 122 141 20 20 NUM issue-2267 122 142 15 15 NUM issue-2267 122 143 20 20 NUM issue-2267 122 144 17 17 NUM issue-2267 122 145 20 20 NUM issue-2267 122 146 12 12 NUM issue-2267 122 147 20 20 NUM issue-2267 122 148 14 14 NUM issue-2267 122 149 20 20 NUM issue-2267 122 150 16 16 NUM issue-2267 122 151 20 20 NUM issue-2267 122 152 18 18 NUM issue-2267 122 153 20 20 NUM issue-2267 122 154 14 14 NUM issue-2267 122 155 20 20 NUM issue-2267 122 156 16 16 NUM issue-2267 122 157 20 20 NUM issue-2267 122 158 18 18 NUM issue-2267 122 159 20 20 NUM issue-2267 122 160 13 13 NUM issue-2267 122 161 20 20 NUM issue-2267 122 162 15 15 NUM issue-2267 122 163 20 20 NUM issue-2267 122 164 17 17 NUM issue-2267 122 165 20 20 NUM issue-2267 122 166 12 12 NUM issue-2267 122 167 20 20 NUM issue-2267 122 168 14 14 NUM issue-2267 122 169 20 20 NUM issue-2267 122 170 16 16 NUM issue-2267 122 171 20 20 NUM issue-2267 122 172 18 18 NUM issue-2267 122 173 de de PROPN issue-2267 122 174 - - PROPN issue-2267 122 175 ncg ncg PROPN issue-2267 122 176 de de PROPN issue-2267 122 177 - - NOUN issue-2267 122 178 gpl gpl ADJ issue-2267 122 179 beluxzee+ztp beluxzee+ztp NOUN issue-2267 122 180 it it PRON issue-2267 122 181 - - PUNCT issue-2267 122 182 psv psv NOUN issue-2267 122 183 fr fr PROPN issue-2267 122 184 - - PUNCT issue-2267 122 185 pegntrs pegntrs ADJ issue-2267 122 186 at at ADP issue-2267 122 187 - - PUNCT issue-2267 122 188 vtp vtp NOUN issue-2267 122 189 baltic baltic PROPN issue-2267 122 190 journal journal PROPN issue-2267 122 191 of of ADP issue-2267 122 192 economic economic ADJ issue-2267 122 193 studies study NOUN issue-2267 122 194 135 135 NUM issue-2267 122 195 vol vol NOUN issue-2267 122 196 . . PROPN issue-2267 123 1 9 9 NUM issue-2267 123 2 no no NOUN issue-2267 123 3 . . NOUN issue-2267 123 4 5 5 NUM issue-2267 123 5 , , PUNCT issue-2267 123 6 2023 2023 NUM issue-2267 123 7 related relate VERB issue-2267 123 8 to to ADP issue-2267 123 9 russia russia PROPN issue-2267 123 10 's 's PART issue-2267 123 11 full full ADJ issue-2267 123 12 - - PUNCT issue-2267 123 13 scale scale NOUN issue-2267 123 14 invasion invasion NOUN issue-2267 123 15 of of ADP issue-2267 123 16 ukraine ukraine NOUN issue-2267 123 17 , , PUNCT issue-2267 123 18 which which PRON issue-2267 123 19 radically radically ADV issue-2267 123 20 affected affect VERB issue-2267 123 21 the the DET issue-2267 123 22 entire entire ADJ issue-2267 123 23 energy energy NOUN issue-2267 123 24 sector sector NOUN issue-2267 123 25 and and CCONJ issue-2267 123 26 caused cause VERB issue-2267 123 27 a a DET issue-2267 123 28 global global ADJ issue-2267 123 29 gas gas NOUN issue-2267 123 30 crisis crisis NOUN issue-2267 123 31 . . PUNCT issue-2267 124 1 in in ADP issue-2267 124 2 2022 2022 NUM issue-2267 124 3 , , PUNCT issue-2267 124 4 the the DET issue-2267 124 5 volume volume NOUN issue-2267 124 6 of of ADP issue-2267 124 7 natural natural ADJ issue-2267 124 8 gas gas NOUN issue-2267 124 9 traded trade VERB issue-2267 124 10 on on ADP issue-2267 124 11 the the DET issue-2267 124 12 european european PROPN issue-2267 124 13 gas gas NOUN issue-2267 124 14 hubs hub NOUN issue-2267 124 15 decreased decrease VERB issue-2267 124 16 significantly significantly ADV issue-2267 124 17 due due ADP issue-2267 124 18 to to ADP issue-2267 124 19 the the DET issue-2267 124 20 record record NOUN issue-2267 124 21 increase increase NOUN issue-2267 124 22 in in ADP issue-2267 124 23 gas gas NOUN issue-2267 124 24 prices price NOUN issue-2267 124 25 . . PUNCT issue-2267 125 1 short short ADJ issue-2267 125 2 - - PUNCT issue-2267 125 3 term term NOUN issue-2267 125 4 products product NOUN issue-2267 125 5 were be AUX issue-2267 125 6 favoured favour VERB issue-2267 125 7 over over ADP issue-2267 125 8 long long ADJ issue-2267 125 9 - - PUNCT issue-2267 125 10 term term NOUN issue-2267 125 11 products product NOUN issue-2267 125 12 due due ADP issue-2267 125 13 to to ADP issue-2267 125 14 the the DET issue-2267 125 15 uncertainty uncertainty NOUN issue-2267 125 16 of of ADP issue-2267 125 17 the the DET issue-2267 125 18 environment environment NOUN issue-2267 125 19 . . PUNCT issue-2267 126 1 participants participant NOUN issue-2267 126 2 preferred preferred ADJ issue-2267 126 3 trading trading NOUN issue-2267 126 4 on on ADP issue-2267 126 5 exchange exchange NOUN issue-2267 126 6 platforms platform NOUN issue-2267 126 7 to to PART issue-2267 126 8 protect protect VERB issue-2267 126 9 themselves themselves PRON issue-2267 126 10 against against ADP issue-2267 126 11 the the DET issue-2267 126 12 risk risk NOUN issue-2267 126 13 of of ADP issue-2267 126 14 non non ADJ issue-2267 126 15 - - NOUN issue-2267 126 16 payment payment ADJ issue-2267 126 17 , , PUNCT issue-2267 126 18 rather rather ADV issue-2267 126 19 than than ADP issue-2267 126 20 otc otc PROPN issue-2267 126 21 , , PUNCT issue-2267 126 22 as as SCONJ issue-2267 126 23 evidenced evidence VERB issue-2267 126 24 by by ADP issue-2267 126 25 a a DET issue-2267 126 26 significant significant ADJ issue-2267 126 27 reduction reduction NOUN issue-2267 126 28 in in ADP issue-2267 126 29 the the DET issue-2267 126 30 share share NOUN issue-2267 126 31 of of ADP issue-2267 126 32 otc otc PROPN issue-2267 126 33 traded trade VERB issue-2267 126 34 products product NOUN issue-2267 126 35 from from ADP issue-2267 126 36 50 50 NUM issue-2267 126 37 % % NOUN issue-2267 126 38 in in ADP issue-2267 126 39 2021 2021 NUM issue-2267 126 40 to to ADP issue-2267 126 41 30 30 NUM issue-2267 126 42 % % NOUN issue-2267 126 43 in in ADP issue-2267 126 44 december december PROPN issue-2267 126 45 2022 2022 NUM issue-2267 126 46 ( ( PUNCT issue-2267 126 47 acer acer NOUN issue-2267 126 48 , , PUNCT issue-2267 126 49 2023 2023 NUM issue-2267 126 50 ) ) PUNCT issue-2267 126 51 . . PUNCT issue-2267 127 1 at at ADP issue-2267 127 2 the the DET issue-2267 127 3 beginning beginning NOUN issue-2267 127 4 of of ADP issue-2267 127 5 2023 2023 NUM issue-2267 127 6 , , PUNCT issue-2267 127 7 according accord VERB issue-2267 127 8 to to ADP issue-2267 127 9 the the DET issue-2267 127 10 iea iea NOUN issue-2267 127 11 ( ( PUNCT issue-2267 127 12 2023b 2023b NUM issue-2267 127 13 ) ) PUNCT issue-2267 127 14 , , PUNCT issue-2267 127 15 the the DET issue-2267 127 16 pressure pressure NOUN issue-2267 127 17 on on ADP issue-2267 127 18 the the DET issue-2267 127 19 gas gas NOUN issue-2267 127 20 market market NOUN issue-2267 127 21 could could AUX issue-2267 127 22 be be AUX issue-2267 127 23 reduced reduce VERB issue-2267 127 24 despite despite SCONJ issue-2267 127 25 the the DET issue-2267 127 26 market market NOUN issue-2267 127 27 situation situation NOUN issue-2267 127 28 , , PUNCT issue-2267 127 29 also also ADV issue-2267 127 30 due due ADP issue-2267 127 31 to to ADP issue-2267 127 32 successful successful ADJ issue-2267 127 33 political political ADJ issue-2267 127 34 decisions decision NOUN issue-2267 127 35 . . PUNCT issue-2267 128 1 however however ADV issue-2267 128 2 , , PUNCT issue-2267 128 3 despite despite SCONJ issue-2267 128 4 decisive decisive ADJ issue-2267 128 5 changes change NOUN issue-2267 128 6 in in ADP issue-2267 128 7 the the DET issue-2267 128 8 recent recent ADJ issue-2267 128 9 past past NOUN issue-2267 128 10 , , PUNCT issue-2267 128 11 the the DET issue-2267 128 12 natural natural ADJ issue-2267 128 13 gas gas NOUN issue-2267 128 14 market market NOUN issue-2267 128 15 has have AUX issue-2267 128 16 tended tend VERB issue-2267 128 17 to to PART issue-2267 128 18 increase increase VERB issue-2267 128 19 the the DET issue-2267 128 20 role role NOUN issue-2267 128 21 of of ADP issue-2267 128 22 exchange exchange NOUN issue-2267 128 23 trading trading NOUN issue-2267 128 24 , , PUNCT issue-2267 128 25 demonstrating demonstrate VERB issue-2267 128 26 the the DET issue-2267 128 27 reliability reliability NOUN issue-2267 128 28 of of ADP issue-2267 128 29 the the DET issue-2267 128 30 exchange exchange NOUN issue-2267 128 31 institution institution NOUN issue-2267 128 32 in in ADP issue-2267 128 33 the the DET issue-2267 128 34 long long ADJ issue-2267 128 35 term term NOUN issue-2267 128 36 and and CCONJ issue-2267 128 37 also also ADV issue-2267 128 38 during during ADP issue-2267 128 39 the the DET issue-2267 128 40 crisis crisis NOUN issue-2267 128 41 period period NOUN issue-2267 128 42 . . PUNCT issue-2267 129 1 5 5 X issue-2267 129 2 . . X issue-2267 129 3 examples example NOUN issue-2267 129 4 of of ADP issue-2267 129 5 natural natural ADJ issue-2267 129 6 gas gas NOUN issue-2267 129 7 exchange exchange NOUN issue-2267 129 8 infrastructure infrastructure NOUN issue-2267 129 9 in in ADP issue-2267 129 10 the the DET issue-2267 129 11 european european ADJ issue-2267 129 12 natural natural ADJ issue-2267 129 13 gas gas NOUN issue-2267 129 14 market market NOUN issue-2267 129 15 , , PUNCT issue-2267 129 16 there there PRON issue-2267 129 17 are be VERB issue-2267 129 18 several several ADJ issue-2267 129 19 exchanges exchange NOUN issue-2267 129 20 that that PRON issue-2267 129 21 trade trade VERB issue-2267 129 22 natural natural ADJ issue-2267 129 23 gas gas NOUN issue-2267 129 24 contracts contract NOUN issue-2267 129 25 on on ADP issue-2267 129 26 gas gas NOUN issue-2267 129 27 hubs hub NOUN issue-2267 129 28 . . PUNCT issue-2267 130 1 they they PRON issue-2267 130 2 are be AUX issue-2267 130 3 the the DET issue-2267 130 4 following follow VERB issue-2267 130 5 : : PUNCT issue-2267 130 6 ice ice NOUN issue-2267 130 7 / / SYM issue-2267 130 8 ice ice NOUN issue-2267 130 9 - - PUNCT issue-2267 130 10 endex endex NOUN issue-2267 130 11 ( ( PUNCT issue-2267 130 12 uk uk PROPN issue-2267 130 13 ) ) PUNCT issue-2267 130 14 , , PUNCT issue-2267 130 15 eex eex PROPN issue-2267 130 16 ( ( PUNCT issue-2267 130 17 germany germany PROPN issue-2267 130 18 ) ) PUNCT issue-2267 130 19 , , PUNCT issue-2267 130 20 powernext powernext PROPN issue-2267 130 21 ( ( PUNCT issue-2267 130 22 france france PROPN issue-2267 130 23 ) ) PUNCT issue-2267 130 24 , , PUNCT issue-2267 130 25 cegh cegh VERB issue-2267 130 26 gas gas NOUN issue-2267 130 27 exchange exchange NOUN issue-2267 130 28 ( ( PUNCT issue-2267 130 29 austria austria PROPN issue-2267 130 30 ) ) PUNCT issue-2267 130 31 , , PUNCT issue-2267 130 32 gme gme PROPN issue-2267 130 33 ( ( PUNCT issue-2267 130 34 italy italy PROPN issue-2267 130 35 ) ) PUNCT issue-2267 130 36 . . PUNCT issue-2267 131 1 the the DET issue-2267 131 2 european european PROPN issue-2267 131 3 energy energy PROPN issue-2267 131 4 exchange exchange PROPN issue-2267 131 5 ( ( PUNCT issue-2267 131 6 eex eex PROPN issue-2267 131 7 ) ) PUNCT issue-2267 131 8 in in ADP issue-2267 131 9 germany germany PROPN issue-2267 131 10 is be AUX issue-2267 131 11 one one NUM issue-2267 131 12 of of ADP issue-2267 131 13 the the DET issue-2267 131 14 leading lead VERB issue-2267 131 15 exchanges exchange NOUN issue-2267 131 16 for for ADP issue-2267 131 17 energy energy NOUN issue-2267 131 18 products product NOUN issue-2267 131 19 , , PUNCT issue-2267 131 20 including include VERB issue-2267 131 21 natural natural ADJ issue-2267 131 22 gas gas NOUN issue-2267 131 23 . . PUNCT issue-2267 132 1 it it PRON issue-2267 132 2 was be AUX issue-2267 132 3 created create VERB issue-2267 132 4 in in ADP issue-2267 132 5 2002 2002 NUM issue-2267 132 6 through through ADP issue-2267 132 7 the the DET issue-2267 132 8 merger merger NOUN issue-2267 132 9 of of ADP issue-2267 132 10 the the DET issue-2267 132 11 european european PROPN issue-2267 132 12 energy energy PROPN issue-2267 132 13 exchange exchange PROPN issue-2267 132 14 in in ADP issue-2267 132 15 frankfurt frankfurt PROPN issue-2267 132 16 and and CCONJ issue-2267 132 17 the the DET issue-2267 132 18 lpx lpx PROPN issue-2267 132 19 leipzig leipzig PROPN issue-2267 132 20 power power NOUN issue-2267 132 21 exchange exchange PROPN issue-2267 132 22 in in ADP issue-2267 132 23 leipzig leipzig PROPN issue-2267 132 24 . . PUNCT issue-2267 133 1 eex eex PROPN issue-2267 133 2 is be AUX issue-2267 133 3 based base VERB issue-2267 133 4 in in ADP issue-2267 133 5 leipzig leipzig NOUN issue-2267 133 6 and and CCONJ issue-2267 133 7 has have AUX issue-2267 133 8 developed develop VERB issue-2267 133 9 significantly significantly ADV issue-2267 133 10 in in ADP issue-2267 133 11 terms term NOUN issue-2267 133 12 of of ADP issue-2267 133 13 size size NOUN issue-2267 133 14 , , PUNCT issue-2267 133 15 organisational organisational ADJ issue-2267 133 16 structure structure NOUN issue-2267 133 17 , , PUNCT issue-2267 133 18 number number NOUN issue-2267 133 19 of of ADP issue-2267 133 20 participants participant NOUN issue-2267 133 21 , , PUNCT issue-2267 133 22 trading trading NOUN issue-2267 133 23 volumes volume NOUN issue-2267 133 24 and and CCONJ issue-2267 133 25 product product NOUN issue-2267 133 26 differentiation differentiation NOUN issue-2267 133 27 . . PUNCT issue-2267 134 1 today today NOUN issue-2267 134 2 , , PUNCT issue-2267 134 3 the the DET issue-2267 134 4 eex eex PROPN issue-2267 134 5 group group NOUN issue-2267 134 6 consists consist VERB issue-2267 134 7 of of ADP issue-2267 134 8 the the DET issue-2267 134 9 european european PROPN issue-2267 134 10 energy energy PROPN issue-2267 134 11 exchange exchange PROPN issue-2267 134 12 ( ( PUNCT issue-2267 134 13 eex eex PROPN issue-2267 134 14 ) ) PUNCT issue-2267 134 15 , , PUNCT issue-2267 134 16 epex epex NOUN issue-2267 134 17 spot spot PROPN issue-2267 134 18 , , PUNCT issue-2267 134 19 eex eex PROPN issue-2267 134 20 asia asia PROPN issue-2267 134 21 , , PUNCT issue-2267 134 22 get get VERB issue-2267 134 23 baltic baltic ADJ issue-2267 134 24 , , PUNCT issue-2267 134 25 power power NOUN issue-2267 134 26 exchange exchange PROPN issue-2267 134 27 central central PROPN issue-2267 134 28 europe europe PROPN issue-2267 134 29 ( ( PUNCT issue-2267 134 30 pxe pxe PROPN issue-2267 134 31 ) ) PUNCT issue-2267 134 32 and and CCONJ issue-2267 134 33 nodal nodal NOUN issue-2267 134 34 exchange exchange NOUN issue-2267 134 35 , , PUNCT issue-2267 134 36 the the DET issue-2267 134 37 registry registry NOUN issue-2267 134 38 provider provider NOUN issue-2267 134 39 grexel grexel PROPN issue-2267 134 40 systems system NOUN issue-2267 134 41 and and CCONJ issue-2267 134 42 the the DET issue-2267 134 43 software software NOUN issue-2267 134 44 companies company NOUN issue-2267 134 45 kb kb PROPN issue-2267 134 46 tech tech PROPN issue-2267 134 47 and and CCONJ issue-2267 134 48 lacima lacima PROPN issue-2267 134 49 . . PUNCT issue-2267 135 1 in in ADP issue-2267 135 2 12 12 NUM issue-2267 135 3 years year NOUN issue-2267 135 4 , , PUNCT issue-2267 135 5 the the DET issue-2267 135 6 number number NOUN issue-2267 135 7 of of ADP issue-2267 135 8 employees employee NOUN issue-2267 135 9 has have AUX issue-2267 135 10 increased increase VERB issue-2267 135 11 nine nine NUM issue-2267 135 12 times time NOUN issue-2267 135 13 , , PUNCT issue-2267 135 14 reaching reach VERB issue-2267 135 15 929 929 NUM issue-2267 135 16 employees employee NOUN issue-2267 135 17 in in ADP issue-2267 135 18 19 19 NUM issue-2267 135 19 locations location NOUN issue-2267 135 20 in in ADP issue-2267 135 21 2022 2022 NUM issue-2267 135 22 . . PUNCT issue-2267 136 1 from from ADP issue-2267 136 2 40 40 NUM issue-2267 136 3 trading trading NOUN issue-2267 136 4 participants participant NOUN issue-2267 136 5 in in ADP issue-2267 136 6 2000 2000 NUM issue-2267 136 7 , , PUNCT issue-2267 136 8 eex eex PROPN issue-2267 136 9 has have AUX issue-2267 136 10 grown grow VERB issue-2267 136 11 to to ADP issue-2267 136 12 more more ADJ issue-2267 136 13 than than ADP issue-2267 136 14 800 800 NUM issue-2267 136 15 in in ADP issue-2267 136 16 40 40 NUM issue-2267 136 17 countries country NOUN issue-2267 136 18 today today NOUN issue-2267 136 19 ( ( PUNCT issue-2267 136 20 eex eex PROPN issue-2267 136 21 , , PUNCT issue-2267 136 22 multiple multiple ADJ issue-2267 136 23 : : PUNCT issue-2267 136 24 2008 2008 NUM issue-2267 136 25 .. .. SYM issue-2267 136 26 2017 2017 NUM issue-2267 136 27 ; ; PUNCT issue-2267 136 28 eex eex NOUN issue-2267 136 29 group group NOUN issue-2267 136 30 , , PUNCT issue-2267 136 31 multiple multiple ADJ issue-2267 136 32 : : PUNCT issue-2267 136 33 2022 2022 NUM issue-2267 136 34 .. .. PUNCT issue-2267 136 35 2023 2023 NUM issue-2267 136 36 ) ) PUNCT issue-2267 136 37 . . PUNCT issue-2267 137 1 natural natural ADJ issue-2267 137 2 gas gas NOUN issue-2267 137 3 market market NOUN issue-2267 137 4 products product NOUN issue-2267 137 5 were be AUX issue-2267 137 6 launched launch VERB issue-2267 137 7 in in ADP issue-2267 137 8 2007 2007 NUM issue-2267 137 9 . . PUNCT issue-2267 138 1 initially initially ADV issue-2267 138 2 , , PUNCT issue-2267 138 3 only only ADV issue-2267 138 4 futures future NOUN issue-2267 138 5 were be AUX issue-2267 138 6 traded trade VERB issue-2267 138 7 , , PUNCT issue-2267 138 8 but but CCONJ issue-2267 138 9 a a DET issue-2267 138 10 few few ADJ issue-2267 138 11 months month NOUN issue-2267 138 12 later later ADV issue-2267 138 13 the the DET issue-2267 138 14 offer offer NOUN issue-2267 138 15 was be AUX issue-2267 138 16 extended extend VERB issue-2267 138 17 to to ADP issue-2267 138 18 the the DET issue-2267 138 19 day day NOUN issue-2267 138 20 - - PUNCT issue-2267 138 21 ahead ahead NOUN issue-2267 138 22 spot spot NOUN issue-2267 138 23 market market NOUN issue-2267 138 24 . . PUNCT issue-2267 139 1 key key ADJ issue-2267 139 2 milestones milestone NOUN issue-2267 139 3 in in ADP issue-2267 139 4 the the DET issue-2267 139 5 development development NOUN issue-2267 139 6 of of ADP issue-2267 139 7 the the DET issue-2267 139 8 eex eex NOUN issue-2267 139 9 natural natural ADJ issue-2267 139 10 gas gas NOUN issue-2267 139 11 segment segment NOUN issue-2267 139 12 are be AUX issue-2267 139 13 the the DET issue-2267 139 14 launch launch NOUN issue-2267 139 15 of of ADP issue-2267 139 16 24/7 24/7 NUM issue-2267 139 17 natural natural ADJ issue-2267 139 18 gas gas NOUN issue-2267 139 19 spot spot NOUN issue-2267 139 20 trading trading NOUN issue-2267 139 21 in in ADP issue-2267 139 22 2011 2011 NUM issue-2267 139 23 and and CCONJ issue-2267 139 24 the the DET issue-2267 139 25 launch launch NOUN issue-2267 139 26 of of ADP issue-2267 139 27 the the DET issue-2267 139 28 pegas pegas PROPN issue-2267 139 29 cooperation cooperation NOUN issue-2267 139 30 in in ADP issue-2267 139 31 2013 2013 NUM issue-2267 139 32 . . PUNCT issue-2267 140 1 pegas pegas PROPN issue-2267 140 2 resulted result VERB issue-2267 140 3 in in ADP issue-2267 140 4 the the DET issue-2267 140 5 combination combination NOUN issue-2267 140 6 of of ADP issue-2267 140 7 german german ADJ issue-2267 140 8 eex eex NOUN issue-2267 140 9 and and CCONJ issue-2267 140 10 french french ADJ issue-2267 140 11 powernext powernext NOUN issue-2267 140 12 gas gas NOUN issue-2267 140 13 products product NOUN issue-2267 140 14 on on ADP issue-2267 140 15 one one NUM issue-2267 140 16 trading trading NOUN issue-2267 140 17 platform platform NOUN issue-2267 140 18 . . PUNCT issue-2267 141 1 it it PRON issue-2267 141 2 led lead VERB issue-2267 141 3 to to ADP issue-2267 141 4 a a DET issue-2267 141 5 rapid rapid ADJ issue-2267 141 6 increase increase NOUN issue-2267 141 7 in in ADP issue-2267 141 8 traded trade VERB issue-2267 141 9 volumes volume NOUN issue-2267 141 10 in in ADP issue-2267 141 11 the the DET issue-2267 141 12 following following ADJ issue-2267 141 13 years year NOUN issue-2267 141 14 . . PUNCT issue-2267 142 1 in in ADP issue-2267 142 2 2015 2015 NUM issue-2267 142 3 , , PUNCT issue-2267 142 4 the the DET issue-2267 142 5 pegas pegas PROPN issue-2267 142 6 gas gas NOUN issue-2267 142 7 markets market NOUN issue-2267 142 8 exceeded exceed VERB issue-2267 142 9 1000 1000 NUM issue-2267 142 10 twh twh NOUN issue-2267 142 11 for for ADP issue-2267 142 12 the the DET issue-2267 142 13 first first ADJ issue-2267 142 14 time time NOUN issue-2267 142 15 and and CCONJ issue-2267 142 16 continued continue VERB issue-2267 142 17 to to PART issue-2267 142 18 grow grow VERB issue-2267 142 19 steadily steadily ADV issue-2267 142 20 ( ( PUNCT issue-2267 142 21 see see VERB issue-2267 142 22 figure figure NOUN issue-2267 142 23 5 5 NUM issue-2267 142 24 ) ) PUNCT issue-2267 142 25 . . PUNCT issue-2267 143 1 today today NOUN issue-2267 143 2 , , PUNCT issue-2267 143 3 eex eex PROPN issue-2267 143 4 is be AUX issue-2267 143 5 a a DET issue-2267 143 6 leading lead VERB issue-2267 143 7 player player NOUN issue-2267 143 8 in in ADP issue-2267 143 9 the the DET issue-2267 143 10 european european ADJ issue-2267 143 11 gas gas NOUN issue-2267 143 12 market market NOUN issue-2267 143 13 , , PUNCT issue-2267 143 14 covering cover VERB issue-2267 143 15 87 87 NUM issue-2267 143 16 % % NOUN issue-2267 143 17 of of ADP issue-2267 143 18 spot spot NOUN issue-2267 143 19 trading trading NOUN issue-2267 143 20 and and CCONJ issue-2267 143 21 offering offer VERB issue-2267 143 22 spot spot NOUN issue-2267 143 23 products product NOUN issue-2267 143 24 on on ADP issue-2267 143 25 the the DET issue-2267 143 26 following follow VERB issue-2267 143 27 gas gas NOUN issue-2267 143 28 hubs hub NOUN issue-2267 143 29 : : PUNCT issue-2267 143 30 cegh cegh PROPN issue-2267 143 31 vtp vtp PROPN issue-2267 143 32 , , PUNCT issue-2267 143 33 etf etf PROPN issue-2267 143 34 , , PUNCT issue-2267 143 35 nbp nbp PROPN issue-2267 143 36 , , PUNCT issue-2267 143 37 the the PRON issue-2267 143 38 , , PUNCT issue-2267 143 39 peg peg NOUN issue-2267 143 40 , , PUNCT issue-2267 143 41 pvb pvb PROPN issue-2267 143 42 , , PUNCT issue-2267 143 43 ttf ttf PROPN issue-2267 143 44 , , PUNCT issue-2267 143 45 zee zee PROPN issue-2267 143 46 , , PUNCT issue-2267 143 47 ztp ztp PROPN issue-2267 143 48 . . PUNCT issue-2267 144 1 the the DET issue-2267 144 2 market market NOUN issue-2267 144 3 share share NOUN issue-2267 144 4 of of ADP issue-2267 144 5 derivatives derivative NOUN issue-2267 144 6 is be AUX issue-2267 144 7 much much ADV issue-2267 144 8 smaller small ADJ issue-2267 144 9 and and CCONJ issue-2267 144 10 amounts amount VERB issue-2267 144 11 to to ADP issue-2267 144 12 6 6 NUM issue-2267 144 13 % % NOUN issue-2267 144 14 in in ADP issue-2267 144 15 2022 2022 NUM issue-2267 144 16 . . PUNCT issue-2267 145 1 however however ADV issue-2267 145 2 , , PUNCT issue-2267 145 3 it it PRON issue-2267 145 4 has have AUX issue-2267 145 5 increased increase VERB issue-2267 145 6 by by ADP issue-2267 145 7 4 4 NUM issue-2267 145 8 % % NOUN issue-2267 145 9 compared compare VERB issue-2267 145 10 to to ADP issue-2267 145 11 the the DET issue-2267 145 12 previous previous ADJ issue-2267 145 13 year year NOUN issue-2267 145 14 . . PUNCT issue-2267 146 1 eex eex PROPN issue-2267 146 2 offers offer VERB issue-2267 146 3 its its PRON issue-2267 146 4 futures future NOUN issue-2267 146 5 products product NOUN issue-2267 146 6 on on ADP issue-2267 146 7 cegh cegh VERB issue-2267 146 8 cz cz PROPN issue-2267 146 9 vtp vtp PROPN issue-2267 146 10 , , PUNCT issue-2267 146 11 psv psv PROPN issue-2267 146 12 and and CCONJ issue-2267 146 13 the the DET issue-2267 146 14 above above ADV issue-2267 146 15 - - PUNCT issue-2267 146 16 mentioned mention VERB issue-2267 146 17 hubs hub NOUN issue-2267 146 18 . . PUNCT issue-2267 147 1 the the DET issue-2267 147 2 eex eex NOUN issue-2267 147 3 operates operate VERB issue-2267 147 4 on on ADP issue-2267 147 5 the the DET issue-2267 147 6 principle principle NOUN issue-2267 147 7 of of ADP issue-2267 147 8 the the DET issue-2267 147 9 so so ADV issue-2267 147 10 - - PUNCT issue-2267 147 11 called call VERB issue-2267 147 12 leipzig leipzig NOUN issue-2267 147 13 model model NOUN issue-2267 147 14 – – PUNCT issue-2267 147 15 " " PUNCT issue-2267 147 16 a a DET issue-2267 147 17 market market NOUN issue-2267 147 18 that that PRON issue-2267 147 19 is be AUX issue-2267 147 20 financed finance VERB issue-2267 147 21 by by ADP issue-2267 147 22 private private ADJ issue-2267 147 23 means mean NOUN issue-2267 147 24 , , PUNCT issue-2267 147 25 but but CCONJ issue-2267 147 26 is be AUX issue-2267 147 27 subject subject ADJ issue-2267 147 28 to to ADP issue-2267 147 29 state state NOUN issue-2267 147 30 supervision supervision NOUN issue-2267 147 31 and and CCONJ issue-2267 147 32 is be AUX issue-2267 147 33 itself itself PRON issue-2267 147 34 exposed expose VERB issue-2267 147 35 to to ADP issue-2267 147 36 competition competition NOUN issue-2267 147 37 " " PUNCT issue-2267 147 38 . . PUNCT issue-2267 148 1 according accord VERB issue-2267 148 2 to to ADP issue-2267 148 3 the the DET issue-2267 148 4 eex eex NOUN issue-2267 148 5 management management NOUN issue-2267 148 6 , , PUNCT issue-2267 148 7 this this PRON issue-2267 148 8 is be AUX issue-2267 148 9 of of ADP issue-2267 148 10 great great ADJ issue-2267 148 11 importance importance NOUN issue-2267 148 12 when when SCONJ issue-2267 148 13 it it PRON issue-2267 148 14 comes come VERB issue-2267 148 15 to to ADP issue-2267 148 16 dealing deal VERB issue-2267 148 17 with with ADP issue-2267 148 18 crisis crisis NOUN issue-2267 148 19 phenomena phenomenon NOUN issue-2267 148 20 , , PUNCT issue-2267 148 21 optimising optimise VERB issue-2267 148 22 0 0 NUM issue-2267 148 23 20 20 NUM issue-2267 148 24 40 40 NUM issue-2267 148 25 60 60 NUM issue-2267 148 26 80 80 NUM issue-2267 148 27 100 100 NUM issue-2267 148 28 2014 2014 NUM issue-2267 148 29 2015 2015 NUM issue-2267 148 30 2016 2016 NUM issue-2267 148 31 2017 2017 NUM issue-2267 148 32 2018 2018 NUM issue-2267 148 33 2019 2019 NUM issue-2267 148 34 2020 2020 NUM issue-2267 148 35 2021 2021 NUM issue-2267 148 36 otc otc PROPN issue-2267 148 37 exchange exchange NOUN issue-2267 148 38 figure figure NOUN issue-2267 148 39 4 4 NUM issue-2267 148 40 . . PUNCT issue-2267 149 1 share share NOUN issue-2267 149 2 of of ADP issue-2267 149 3 european european ADJ issue-2267 149 4 gas gas NOUN issue-2267 149 5 trade trade NOUN issue-2267 149 6 volumes volume NOUN issue-2267 149 7 in in ADP issue-2267 149 8 2014–2021 2014–2021 NUM issue-2267 149 9 , , PUNCT issue-2267 149 10 % % NOUN issue-2267 149 11 source source NOUN issue-2267 149 12 : : PUNCT issue-2267 149 13 own own ADJ issue-2267 149 14 development development NOUN issue-2267 149 15 based base VERB issue-2267 149 16 on on ADP issue-2267 149 17 ( ( PUNCT issue-2267 149 18 almeida almeida PROPN issue-2267 149 19 & & CCONJ issue-2267 149 20 starn starn PROPN issue-2267 149 21 , , PUNCT issue-2267 149 22 2022 2022 NUM issue-2267 149 23 ) ) PUNCT issue-2267 149 24 , , PUNCT issue-2267 149 25 original original ADJ issue-2267 149 26 data datum NOUN issue-2267 149 27 from from ADP issue-2267 149 28 icis icis PROPN issue-2267 149 29 baltic baltic PROPN issue-2267 149 30 journal journal PROPN issue-2267 149 31 of of ADP issue-2267 149 32 economic economic ADJ issue-2267 149 33 studies study NOUN issue-2267 149 34 136 136 NUM issue-2267 149 35 vol vol NOUN issue-2267 149 36 . . PROPN issue-2267 150 1 9 9 NUM issue-2267 150 2 no no NOUN issue-2267 150 3 . . NOUN issue-2267 150 4 5 5 NUM issue-2267 150 5 , , PUNCT issue-2267 150 6 2023 2023 NUM issue-2267 150 7 the the DET issue-2267 150 8 relationship relationship NOUN issue-2267 150 9 between between ADP issue-2267 150 10 the the DET issue-2267 150 11 state state NOUN issue-2267 150 12 and and CCONJ issue-2267 150 13 the the DET issue-2267 150 14 market market NOUN issue-2267 150 15 and and CCONJ issue-2267 150 16 not not PART issue-2267 150 17 pitting pit VERB issue-2267 150 18 them they PRON issue-2267 150 19 against against ADP issue-2267 150 20 each each DET issue-2267 150 21 other other ADJ issue-2267 150 22 . . PUNCT issue-2267 151 1 ultimately ultimately ADV issue-2267 151 2 , , PUNCT issue-2267 151 3 eex eex PROPN issue-2267 151 4 owes owe VERB issue-2267 151 5 its its PRON issue-2267 151 6 success success NOUN issue-2267 151 7 on on ADP issue-2267 151 8 the the DET issue-2267 151 9 energy energy NOUN issue-2267 151 10 market market NOUN issue-2267 151 11 to to ADP issue-2267 151 12 the the DET issue-2267 151 13 accountability accountability NOUN issue-2267 151 14 and and CCONJ issue-2267 151 15 transparent transparent ADJ issue-2267 151 16 regulation regulation NOUN issue-2267 151 17 of of ADP issue-2267 151 18 its its PRON issue-2267 151 19 activities activity NOUN issue-2267 151 20 . . PUNCT issue-2267 152 1 from from ADP issue-2267 152 2 the the DET issue-2267 152 3 very very ADJ issue-2267 152 4 beginning beginning NOUN issue-2267 152 5 , , PUNCT issue-2267 152 6 eex eex PROPN issue-2267 152 7 exchange exchange PROPN issue-2267 152 8 has have AUX issue-2267 152 9 been be AUX issue-2267 152 10 a a DET issue-2267 152 11 public public ADJ issue-2267 152 12 - - PUNCT issue-2267 152 13 law law NOUN issue-2267 152 14 entity entity NOUN issue-2267 152 15 ( ( PUNCT issue-2267 152 16 exchange exchange PROPN issue-2267 152 17 council council PROPN issue-2267 152 18 , , PUNCT issue-2267 152 19 management management NOUN issue-2267 152 20 board board NOUN issue-2267 152 21 , , PUNCT issue-2267 152 22 market market NOUN issue-2267 152 23 surveillance surveillance NOUN issue-2267 152 24 ) ) PUNCT issue-2267 152 25 and and CCONJ issue-2267 152 26 eex eex PROPN issue-2267 152 27 ag ag PROPN issue-2267 152 28 has have AUX issue-2267 152 29 been be AUX issue-2267 152 30 a a DET issue-2267 152 31 private private ADJ issue-2267 152 32 - - PUNCT issue-2267 152 33 law law NOUN issue-2267 152 34 entity entity NOUN issue-2267 152 35 ( ( PUNCT issue-2267 152 36 supervisory supervisory ADJ issue-2267 152 37 board board NOUN issue-2267 152 38 , , PUNCT issue-2267 152 39 management management NOUN issue-2267 152 40 board board NOUN issue-2267 152 41 , , PUNCT issue-2267 152 42 business business NOUN issue-2267 152 43 units unit NOUN issue-2267 152 44 ) ) PUNCT issue-2267 152 45 . . PUNCT issue-2267 153 1 at at ADP issue-2267 153 2 the the DET issue-2267 153 3 same same ADJ issue-2267 153 4 time time NOUN issue-2267 153 5 , , PUNCT issue-2267 153 6 it it PRON issue-2267 153 7 is be AUX issue-2267 153 8 subject subject ADJ issue-2267 153 9 to to ADP issue-2267 153 10 intensive intensive ADJ issue-2267 153 11 state state NOUN issue-2267 153 12 supervision supervision NOUN issue-2267 153 13 : : PUNCT issue-2267 153 14 exchange exchange VERB issue-2267 153 15 supervisory supervisory ADJ issue-2267 153 16 authority authority NOUN issue-2267 153 17 ( ( PUNCT issue-2267 153 18 saxon saxon PROPN issue-2267 153 19 state state PROPN issue-2267 153 20 ministry ministry PROPN issue-2267 153 21 of of ADP issue-2267 153 22 economic economic PROPN issue-2267 153 23 affairs affairs PROPN issue-2267 153 24 and and CCONJ issue-2267 153 25 labour labour NOUN issue-2267 153 26 ) ) PUNCT issue-2267 153 27 , , PUNCT issue-2267 153 28 market market NOUN issue-2267 153 29 surveillance surveillance NOUN issue-2267 153 30 ( ( PUNCT issue-2267 153 31 hüst hüst NOUN issue-2267 153 32 ) ) PUNCT issue-2267 153 33 , , PUNCT issue-2267 153 34 exchange exchange NOUN issue-2267 153 35 council council NOUN issue-2267 153 36 , , PUNCT issue-2267 153 37 as as ADV issue-2267 153 38 well well ADV issue-2267 153 39 as as ADP issue-2267 153 40 ( ( PUNCT issue-2267 153 41 according accord VERB issue-2267 153 42 to to ADP issue-2267 153 43 the the DET issue-2267 153 44 2008 2008 NUM issue-2267 153 45 annual annual ADJ issue-2267 153 46 report report NOUN issue-2267 153 47 ) ) PUNCT issue-2267 153 48 bnetza bnetza ADJ issue-2267 153 49 , , PUNCT issue-2267 153 50 e e NOUN issue-2267 153 51 - - NOUN issue-2267 153 52 control control NOUN issue-2267 153 53 ( ( PUNCT issue-2267 153 54 a a X issue-2267 153 55 ) ) PUNCT issue-2267 153 56 , , PUNCT issue-2267 153 57 cre cre PROPN issue-2267 153 58 ( ( PUNCT issue-2267 153 59 f f PROPN issue-2267 153 60 ) ) PUNCT issue-2267 153 61 , , PUNCT issue-2267 153 62 ceer ceer NOUN issue-2267 153 63 ( ( PUNCT issue-2267 153 64 eu eu PROPN issue-2267 153 65 ) ) PUNCT issue-2267 153 66 , , PUNCT issue-2267 153 67 ergeg ergeg NOUN issue-2267 153 68 ( ( PUNCT issue-2267 153 69 eu eu PROPN issue-2267 153 70 ) ) PUNCT issue-2267 153 71 , , PUNCT issue-2267 153 72 bafin bafin NOUN issue-2267 153 73 , , PUNCT issue-2267 153 74 cftc cftc PROPN issue-2267 153 75 ( ( PUNCT issue-2267 153 76 usa usa PROPN issue-2267 153 77 ) ) PUNCT issue-2267 153 78 , , PUNCT issue-2267 153 79 afm afm PROPN issue-2267 153 80 ( ( PUNCT issue-2267 153 81 nl nl PROPN issue-2267 153 82 ) ) PUNCT issue-2267 153 83 , , PUNCT issue-2267 153 84 ebk ebk PROPN issue-2267 153 85 ( ( PUNCT issue-2267 153 86 ch ch NOUN issue-2267 153 87 ) ) PUNCT issue-2267 153 88 , , PUNCT issue-2267 153 89 fsa fsa PROPN issue-2267 153 90 ( ( PUNCT issue-2267 153 91 gb gb PROPN issue-2267 153 92 ) ) PUNCT issue-2267 153 93 , , PUNCT issue-2267 153 94 eu eu PROPN issue-2267 153 95 commission commission PROPN issue-2267 153 96 ( ( PUNCT issue-2267 153 97 dg dg NOUN issue-2267 153 98 competition competition NOUN issue-2267 153 99 , , PUNCT issue-2267 153 100 dg dg PROPN issue-2267 153 101 energy energy NOUN issue-2267 153 102 ) ) PUNCT issue-2267 153 103 . . PUNCT issue-2267 154 1 another another DET issue-2267 154 2 prerequisite prerequisite NOUN issue-2267 154 3 for for ADP issue-2267 154 4 the the DET issue-2267 154 5 effective effective ADJ issue-2267 154 6 functioning functioning NOUN issue-2267 154 7 of of ADP issue-2267 154 8 a a DET issue-2267 154 9 modern modern ADJ issue-2267 154 10 exchange exchange NOUN issue-2267 154 11 is be AUX issue-2267 154 12 a a DET issue-2267 154 13 clearing clearing NOUN issue-2267 154 14 institution institution NOUN issue-2267 154 15 that that PRON issue-2267 154 16 acts act VERB issue-2267 154 17 as as ADP issue-2267 154 18 an an DET issue-2267 154 19 intermediary intermediary NOUN issue-2267 154 20 between between ADP issue-2267 154 21 market market NOUN issue-2267 154 22 participants participant NOUN issue-2267 154 23 . . PUNCT issue-2267 155 1 eex eex PROPN issue-2267 155 2 has have AUX issue-2267 155 3 spun spin VERB issue-2267 155 4 off off ADP issue-2267 155 5 the the DET issue-2267 155 6 clearing clearing NOUN issue-2267 155 7 segment segment NOUN issue-2267 155 8 into into ADP issue-2267 155 9 european european ADJ issue-2267 155 10 commodity commodity NOUN issue-2267 155 11 clearing clearing NOUN issue-2267 155 12 ( ( PUNCT issue-2267 155 13 ecc ecc PROPN issue-2267 155 14 ) ) PUNCT issue-2267 155 15 , , PUNCT issue-2267 155 16 which which PRON issue-2267 155 17 also also ADV issue-2267 155 18 provides provide VERB issue-2267 155 19 clearing clearing NOUN issue-2267 155 20 services service NOUN issue-2267 155 21 for for ADP issue-2267 155 22 the the DET issue-2267 155 23 partner partner NOUN issue-2267 155 24 exchanges exchange NOUN issue-2267 155 25 eex eex PROPN issue-2267 155 26 asia asia PROPN issue-2267 155 27 , , PUNCT issue-2267 155 28 epex epex NOUN issue-2267 155 29 spot spot NOUN issue-2267 155 30 , , PUNCT issue-2267 155 31 hungarian hungarian ADJ issue-2267 155 32 derivative derivative ADJ issue-2267 155 33 energy energy NOUN issue-2267 155 34 exchange exchange NOUN issue-2267 155 35 ( ( PUNCT issue-2267 155 36 hudex hudex NOUN issue-2267 155 37 ) ) PUNCT issue-2267 155 38 , , PUNCT issue-2267 155 39 hungarian hungarian ADJ issue-2267 155 40 power power NOUN issue-2267 155 41 exchange exchange NOUN issue-2267 155 42 ( ( PUNCT issue-2267 155 43 hupx hupx PROPN issue-2267 155 44 ) ) PUNCT issue-2267 155 45 , , PUNCT issue-2267 155 46 norexeco norexeco PROPN issue-2267 155 47 , , PUNCT issue-2267 155 48 power power NOUN issue-2267 155 49 exchange exchange PROPN issue-2267 155 50 central central PROPN issue-2267 155 51 europe europe PROPN issue-2267 155 52 ( ( PUNCT issue-2267 155 53 pxe pxe PROPN issue-2267 155 54 ) ) PUNCT issue-2267 155 55 , , PUNCT issue-2267 155 56 seepex seepex NOUN issue-2267 155 57 and and CCONJ issue-2267 155 58 semopx semopx PROPN issue-2267 155 59 ( ( PUNCT issue-2267 155 60 ecc ecc PROPN issue-2267 155 61 , , PUNCT issue-2267 155 62 n.d n.d PROPN issue-2267 155 63 . . PROPN issue-2267 155 64 ) ) PUNCT issue-2267 155 65 . . PUNCT issue-2267 156 1 in in ADP issue-2267 156 2 particular particular ADJ issue-2267 156 3 , , PUNCT issue-2267 156 4 the the DET issue-2267 156 5 eex eex NOUN issue-2267 156 6 's 's PART issue-2267 156 7 resilience resilience NOUN issue-2267 156 8 to to ADP issue-2267 156 9 the the DET issue-2267 156 10 2008 2008 NUM issue-2267 156 11 crisis crisis NOUN issue-2267 156 12 and and CCONJ issue-2267 156 13 global global ADJ issue-2267 156 14 instability instability NOUN issue-2267 156 15 is be AUX issue-2267 156 16 attributed attribute VERB issue-2267 156 17 to to ADP issue-2267 156 18 clearing clearing NOUN issue-2267 156 19 , , PUNCT issue-2267 156 20 which which PRON issue-2267 156 21 " " PUNCT issue-2267 156 22 has have AUX issue-2267 156 23 proven prove VERB issue-2267 156 24 to to PART issue-2267 156 25 be be AUX issue-2267 156 26 a a DET issue-2267 156 27 safe safe ADJ issue-2267 156 28 haven haven NOUN issue-2267 156 29 for for ADP issue-2267 156 30 the the DET issue-2267 156 31 market market NOUN issue-2267 156 32 " " PUNCT issue-2267 156 33 . . PUNCT issue-2267 157 1 following follow VERB issue-2267 157 2 the the DET issue-2267 157 3 launch launch NOUN issue-2267 157 4 of of ADP issue-2267 157 5 the the DET issue-2267 157 6 over over ADP issue-2267 157 7 - - PUNCT issue-2267 157 8 the the DET issue-2267 157 9 - - PUNCT issue-2267 157 10 counter counter NOUN issue-2267 157 11 trading trading NOUN issue-2267 157 12 platform platform NOUN issue-2267 157 13 cegh cegh VERB issue-2267 157 14 in in ADP issue-2267 157 15 2005 2005 NUM issue-2267 157 16 , , PUNCT issue-2267 157 17 the the DET issue-2267 157 18 central central ADJ issue-2267 157 19 european european ADJ issue-2267 157 20 gas gas NOUN issue-2267 157 21 hub hub NOUN issue-2267 157 22 ( ( PUNCT issue-2267 157 23 cegh cegh VERB issue-2267 157 24 ) ) PUNCT issue-2267 157 25 was be AUX issue-2267 157 26 launched launch VERB issue-2267 157 27 in in ADP issue-2267 157 28 austria austria PROPN issue-2267 157 29 in in ADP issue-2267 157 30 december december PROPN issue-2267 157 31 2009 2009 NUM issue-2267 157 32 . . PUNCT issue-2267 158 1 at at ADP issue-2267 158 2 the the DET issue-2267 158 3 same same ADJ issue-2267 158 4 time time NOUN issue-2267 158 5 , , PUNCT issue-2267 158 6 a a DET issue-2267 158 7 spot spot NOUN issue-2267 158 8 market market NOUN issue-2267 158 9 segment segment NOUN issue-2267 158 10 was be AUX issue-2267 158 11 added add VERB issue-2267 158 12 ( ( PUNCT issue-2267 158 13 together together ADV issue-2267 158 14 with with ADP issue-2267 158 15 the the DET issue-2267 158 16 vienna vienna PROPN issue-2267 158 17 stock stock PROPN issue-2267 158 18 exchange exchange PROPN issue-2267 158 19 ) ) PUNCT issue-2267 158 20 and and CCONJ issue-2267 158 21 a a DET issue-2267 158 22 year year NOUN issue-2267 158 23 later later ADV issue-2267 158 24 , , PUNCT issue-2267 158 25 a a DET issue-2267 158 26 futures future NOUN issue-2267 158 27 market market NOUN issue-2267 158 28 segment segment NOUN issue-2267 158 29 . . PUNCT issue-2267 159 1 in in ADP issue-2267 159 2 december december PROPN issue-2267 159 3 2013 2013 NUM issue-2267 159 4 , , PUNCT issue-2267 159 5 a a DET issue-2267 159 6 platform platform NOUN issue-2267 159 7 for for ADP issue-2267 159 8 trading trading NOUN issue-2267 159 9 gas gas NOUN issue-2267 159 10 futures future NOUN issue-2267 159 11 contracts contract NOUN issue-2267 159 12 was be AUX issue-2267 159 13 launched launch VERB issue-2267 159 14 together together ADV issue-2267 159 15 with with ADP issue-2267 159 16 power power NOUN issue-2267 159 17 exchange exchange PROPN issue-2267 159 18 central central PROPN issue-2267 159 19 europe europe PROPN issue-2267 159 20 ( ( PUNCT issue-2267 159 21 pxe pxe PROPN issue-2267 159 22 ) ) PUNCT issue-2267 159 23 . . PUNCT issue-2267 160 1 since since SCONJ issue-2267 160 2 2016 2016 NUM issue-2267 160 3 , , PUNCT issue-2267 160 4 cegh cegh VERB issue-2267 160 5 has have AUX issue-2267 160 6 been be AUX issue-2267 160 7 a a DET issue-2267 160 8 virtual virtual ADJ issue-2267 160 9 trading trading NOUN issue-2267 160 10 point point NOUN issue-2267 160 11 ( ( PUNCT issue-2267 160 12 vtp vtp NOUN issue-2267 160 13 ) ) PUNCT issue-2267 160 14 operator operator NOUN issue-2267 160 15 in in ADP issue-2267 160 16 austria austria PROPN issue-2267 160 17 . . PUNCT issue-2267 161 1 in in ADP issue-2267 161 2 december december PROPN issue-2267 161 3 2016 2016 NUM issue-2267 161 4 , , PUNCT issue-2267 161 5 cegh cegh VERB issue-2267 161 6 launched launch VERB issue-2267 161 7 exchange exchange NOUN issue-2267 161 8 - - PUNCT issue-2267 161 9 traded trade VERB issue-2267 161 10 products product NOUN issue-2267 161 11 on on ADP issue-2267 161 12 pegas pegas PROPN issue-2267 161 13 . . PUNCT issue-2267 162 1 the the DET issue-2267 162 2 cegh cegh ADJ issue-2267 162 3 case case NOUN issue-2267 162 4 study study NOUN issue-2267 162 5 has have AUX issue-2267 162 6 confirmed confirm VERB issue-2267 162 7 that that SCONJ issue-2267 162 8 product product NOUN issue-2267 162 9 differentiation differentiation NOUN issue-2267 162 10 ( ( PUNCT issue-2267 162 11 see see VERB issue-2267 162 12 table table NOUN issue-2267 162 13 1 1 NUM issue-2267 162 14 ) ) PUNCT issue-2267 162 15 and and CCONJ issue-2267 162 16 entry entry NOUN issue-2267 162 17 into into ADP issue-2267 162 18 new new ADJ issue-2267 162 19 markets market NOUN issue-2267 162 20 are be AUX issue-2267 162 21 elements element NOUN issue-2267 162 22 of of ADP issue-2267 162 23 an an DET issue-2267 162 24 exchange exchange NOUN issue-2267 162 25 's 's PART issue-2267 162 26 success success NOUN issue-2267 162 27 and and CCONJ issue-2267 162 28 development development NOUN issue-2267 162 29 . . PUNCT issue-2267 163 1 with with ADP issue-2267 163 2 the the DET issue-2267 163 3 introduction introduction NOUN issue-2267 163 4 of of ADP issue-2267 163 5 futures future NOUN issue-2267 163 6 trading trading NOUN issue-2267 163 7 in in ADP issue-2267 163 8 2013 2013 NUM issue-2267 163 9 , , PUNCT issue-2267 163 10 the the DET issue-2267 163 11 volume volume NOUN issue-2267 163 12 traded trade VERB issue-2267 163 13 increased increase VERB issue-2267 163 14 significantly significantly ADV issue-2267 163 15 from from ADP issue-2267 163 16 3 3 NUM issue-2267 163 17 to to ADP issue-2267 163 18 13.2 13.2 NUM issue-2267 163 19 twh twh NOUN issue-2267 163 20 . . PUNCT issue-2267 164 1 cooperation cooperation NOUN issue-2267 164 2 within within ADP issue-2267 164 3 pegas pegas PROPN issue-2267 164 4 , , PUNCT issue-2267 164 5 as as ADP issue-2267 164 6 with with ADP issue-2267 164 7 eex eex PROPN issue-2267 164 8 , , PUNCT issue-2267 164 9 provided provide VERB issue-2267 164 10 an an DET issue-2267 164 11 additional additional ADJ issue-2267 164 12 boost boost NOUN issue-2267 164 13 . . PUNCT issue-2267 165 1 in in ADP issue-2267 165 2 2015 2015 NUM issue-2267 165 3 , , PUNCT issue-2267 165 4 the the DET issue-2267 165 5 volume volume NOUN issue-2267 165 6 traded trade VERB issue-2267 165 7 increased increase VERB issue-2267 165 8 to to ADP issue-2267 165 9 more more ADJ issue-2267 165 10 than than ADP issue-2267 165 11 4 4 NUM issue-2267 165 12 twh twh NOUN issue-2267 165 13 per per ADP issue-2267 165 14 month month NOUN issue-2267 165 15 . . PUNCT issue-2267 166 1 already already ADV issue-2267 166 2 in in ADP issue-2267 166 3 2017 2017 NUM issue-2267 166 4 , , PUNCT issue-2267 166 5 the the DET issue-2267 166 6 traded trade VERB issue-2267 166 7 volume volume NOUN issue-2267 166 8 increased increase VERB issue-2267 166 9 almost almost ADV issue-2267 166 10 threefold threefold ADV issue-2267 166 11 during during ADP issue-2267 166 12 the the DET issue-2267 166 13 year year NOUN issue-2267 166 14 , , PUNCT issue-2267 166 15 reaching reach VERB issue-2267 166 16 90 90 NUM issue-2267 166 17 twh twh NOUN issue-2267 166 18 , , PUNCT issue-2267 166 19 and and CCONJ issue-2267 166 20 continues continue VERB issue-2267 166 21 to to PART issue-2267 166 22 grow grow VERB issue-2267 166 23 , , PUNCT issue-2267 166 24 albeit albeit SCONJ issue-2267 166 25 not not PART issue-2267 166 26 as as ADV issue-2267 166 27 fast fast ADV issue-2267 166 28 ( ( PUNCT issue-2267 166 29 see see VERB issue-2267 166 30 figure figure NOUN issue-2267 166 31 6 6 NUM issue-2267 166 32 ) ) PUNCT issue-2267 166 33 . . PUNCT issue-2267 167 1 like like ADP issue-2267 167 2 eex eex PROPN issue-2267 167 3 , , PUNCT issue-2267 167 4 cegh cegh VERB issue-2267 167 5 clearing clearing NOUN issue-2267 167 6 is be AUX issue-2267 167 7 provided provide VERB issue-2267 167 8 by by ADP issue-2267 167 9 ecc ecc PROPN issue-2267 167 10 . . PROPN issue-2267 167 11 speaking speak VERB issue-2267 167 12 of of ADP issue-2267 167 13 technology technology NOUN issue-2267 167 14 , , PUNCT issue-2267 167 15 it it PRON issue-2267 167 16 's be AUX issue-2267 167 17 worth worth ADJ issue-2267 167 18 noting note VERB issue-2267 167 19 that that SCONJ issue-2267 167 20 cegh cegh VERB issue-2267 167 21 0 0 NUM issue-2267 167 22 25 25 NUM issue-2267 167 23 50 50 NUM issue-2267 167 24 75 75 NUM issue-2267 167 25 100 100 NUM issue-2267 167 26 20 20 NUM issue-2267 167 27 07 07 NUM issue-2267 167 28 20 20 NUM issue-2267 167 29 08 08 NUM issue-2267 167 30 20 20 NUM issue-2267 167 31 09 09 NUM issue-2267 167 32 20 20 NUM issue-2267 167 33 10 10 NUM issue-2267 167 34 20 20 NUM issue-2267 167 35 11 11 NUM issue-2267 167 36 20 20 NUM issue-2267 167 37 12 12 NUM issue-2267 167 38 20 20 NUM issue-2267 167 39 13 13 NUM issue-2267 167 40 spot spot NOUN issue-2267 167 41 market market NOUN issue-2267 167 42 volume volume NOUN issue-2267 167 43 , , PUNCT issue-2267 167 44 twh twh NOUN issue-2267 167 45 0 0 NUM issue-2267 167 46 1000 1000 NUM issue-2267 167 47 2000 2000 NUM issue-2267 167 48 3000 3000 NUM issue-2267 167 49 4000 4000 NUM issue-2267 167 50 20 20 NUM issue-2267 167 51 14 14 NUM issue-2267 167 52 20 20 NUM issue-2267 167 53 15 15 NUM issue-2267 167 54 20 20 NUM issue-2267 167 55 16 16 NUM issue-2267 167 56 20 20 NUM issue-2267 167 57 17 17 NUM issue-2267 167 58 20 20 NUM issue-2267 167 59 18 18 NUM issue-2267 167 60 20 20 NUM issue-2267 167 61 19 19 NUM issue-2267 167 62 20 20 NUM issue-2267 167 63 20 20 NUM issue-2267 167 64 20 20 NUM issue-2267 167 65 21 21 NUM issue-2267 167 66 20 20 NUM issue-2267 167 67 22 22 NUM issue-2267 167 68 20 20 NUM issue-2267 167 69 23 23 NUM issue-2267 167 70 q q NOUN issue-2267 167 71 1q 1q NUM issue-2267 167 72 3 3 NUM issue-2267 167 73 derivatives derivative NOUN issue-2267 167 74 market market NOUN issue-2267 167 75 volume volume NOUN issue-2267 167 76 , , PUNCT issue-2267 167 77 twh twh NOUN issue-2267 167 78 figure figure NOUN issue-2267 167 79 5 5 NUM issue-2267 167 80 . . PUNCT issue-2267 168 1 eex eex PROPN issue-2267 168 2 natural natural ADJ issue-2267 168 3 gas gas NOUN issue-2267 168 4 trading trading NOUN issue-2267 168 5 volumes volume NOUN issue-2267 168 6 source source NOUN issue-2267 168 7 : : PUNCT issue-2267 168 8 own own ADJ issue-2267 168 9 development development NOUN issue-2267 168 10 based base VERB issue-2267 168 11 on on ADP issue-2267 168 12 ( ( PUNCT issue-2267 168 13 eex eex INTJ issue-2267 168 14 , , PUNCT issue-2267 168 15 multiple multiple ADJ issue-2267 168 16 : : PUNCT issue-2267 168 17 2008 2008 NUM issue-2267 168 18 .. .. SYM issue-2267 168 19 2017 2017 NUM issue-2267 168 20 ; ; PUNCT issue-2267 168 21 eex eex NOUN issue-2267 168 22 group group NOUN issue-2267 168 23 , , PUNCT issue-2267 168 24 multiple multiple ADJ issue-2267 168 25 : : PUNCT issue-2267 168 26 2018 2018 NUM issue-2267 168 27 .. .. SYM issue-2267 168 28 2017 2017 NUM issue-2267 168 29 , , PUNCT issue-2267 168 30 2022 2022 NUM issue-2267 168 31 .. .. PUNCT issue-2267 168 32 2023 2023 NUM issue-2267 168 33 ) ) PUNCT issue-2267 168 34 note note NOUN issue-2267 168 35 : : PUNCT issue-2267 168 36 the the DET issue-2267 168 37 data datum NOUN issue-2267 168 38 includes include VERB issue-2267 168 39 pegas pegas PROPN issue-2267 168 40 trading trading NOUN issue-2267 168 41 volumes volume NOUN issue-2267 168 42 and and CCONJ issue-2267 168 43 gaspoint gaspoint VERB issue-2267 168 44 nordic nordic ADJ issue-2267 168 45 volumes volume NOUN issue-2267 168 46 since since SCONJ issue-2267 168 47 october october PROPN issue-2267 168 48 2014 2014 NUM issue-2267 168 49 for for ADP issue-2267 168 50 the the DET issue-2267 168 51 spot spot NOUN issue-2267 168 52 market market NOUN issue-2267 168 53 , , PUNCT issue-2267 168 54 and and CCONJ issue-2267 168 55 pegas pegas PROPN issue-2267 168 56 trading trading NOUN issue-2267 168 57 volumes volume NOUN issue-2267 168 58 for for ADP issue-2267 168 59 the the DET issue-2267 168 60 derivatives derivative NOUN issue-2267 168 61 market market NOUN issue-2267 168 62 table table NOUN issue-2267 168 63 1 1 NUM issue-2267 168 64 cegh cegh VERB issue-2267 168 65 gas gas NOUN issue-2267 168 66 exchange exchange NOUN issue-2267 168 67 products product NOUN issue-2267 168 68 spot spot NOUN issue-2267 168 69 market market NOUN issue-2267 168 70 futures future NOUN issue-2267 168 71 market market NOUN issue-2267 168 72 contracts contract VERB issue-2267 168 73 hourly hourly ADJ issue-2267 168 74 products product NOUN issue-2267 168 75 within within ADP issue-2267 168 76 - - PUNCT issue-2267 168 77 day day NOUN issue-2267 168 78 day day NOUN issue-2267 168 79 - - PUNCT issue-2267 168 80 ahead ahead NOUN issue-2267 168 81 weekend weekend NOUN issue-2267 168 82 saturday saturday PROPN issue-2267 168 83 sunday sunday PROPN issue-2267 168 84 bank bank PROPN issue-2267 168 85 holiday holiday PROPN issue-2267 168 86 individual individual ADJ issue-2267 168 87 days day NOUN issue-2267 168 88 next next ADP issue-2267 168 89 6 6 NUM issue-2267 168 90 months month NOUN issue-2267 168 91 next next ADP issue-2267 168 92 7 7 NUM issue-2267 168 93 quarters quarter NOUN issue-2267 168 94 next next ADP issue-2267 168 95 6 6 NUM issue-2267 168 96 seasons season NOUN issue-2267 168 97 next next ADP issue-2267 168 98 6 6 NUM issue-2267 168 99 calendar calendar NOUN issue-2267 168 100 years year NOUN issue-2267 168 101 source source NOUN issue-2267 168 102 : : PUNCT issue-2267 168 103 own own ADJ issue-2267 168 104 development development NOUN issue-2267 168 105 based base VERB issue-2267 168 106 on on ADP issue-2267 168 107 ( ( PUNCT issue-2267 168 108 cegh cegh PROPN issue-2267 168 109 , , PUNCT issue-2267 168 110 n.d n.d PROPN issue-2267 168 111 . . PROPN issue-2267 168 112 ) ) PUNCT issue-2267 168 113 baltic baltic PROPN issue-2267 168 114 journal journal PROPN issue-2267 168 115 of of ADP issue-2267 168 116 economic economic ADJ issue-2267 168 117 studies study NOUN issue-2267 168 118 137 137 NUM issue-2267 168 119 vol vol NOUN issue-2267 168 120 . . PUNCT issue-2267 169 1 9 9 NUM issue-2267 169 2 no no NOUN issue-2267 169 3 . . NOUN issue-2267 169 4 5 5 NUM issue-2267 169 5 , , PUNCT issue-2267 169 6 2023 2023 NUM issue-2267 169 7 launched launch VERB issue-2267 169 8 the the DET issue-2267 169 9 eu eu PROPN issue-2267 169 10 's 's PART issue-2267 169 11 first first ADJ issue-2267 169 12 gas gas NOUN issue-2267 169 13 hub hub NOUN issue-2267 169 14 аpp аpp NOUN issue-2267 169 15 in in ADP issue-2267 169 16 december december PROPN issue-2267 169 17 2020 2020 NUM issue-2267 169 18 . . PUNCT issue-2267 170 1 this this DET issue-2267 170 2 application application NOUN issue-2267 170 3 offers offer VERB issue-2267 170 4 the the DET issue-2267 170 5 following follow VERB issue-2267 170 6 main main ADJ issue-2267 170 7 features feature NOUN issue-2267 170 8 : : PUNCT issue-2267 170 9 all all DET issue-2267 170 10 available available ADJ issue-2267 170 11 market market NOUN issue-2267 170 12 data datum NOUN issue-2267 170 13 of of ADP issue-2267 170 14 the the DET issue-2267 170 15 eex eex NOUN issue-2267 170 16 cegh cegh VERB issue-2267 170 17 gas gas NOUN issue-2267 170 18 exchange exchange NOUN issue-2267 170 19 , , PUNCT issue-2267 170 20 price price NOUN issue-2267 170 21 alerts alert NOUN issue-2267 170 22 for for ADP issue-2267 170 23 exchange exchange NOUN issue-2267 170 24 products product NOUN issue-2267 170 25 , , PUNCT issue-2267 170 26 push push VERB issue-2267 170 27 notifications notification NOUN issue-2267 170 28 for for ADP issue-2267 170 29 ceghix ceghix NOUN issue-2267 170 30 , , PUNCT issue-2267 170 31 check check NOUN issue-2267 170 32 of of ADP issue-2267 170 33 daily daily PROPN issue-2267 170 34 nominated nominate VERB issue-2267 170 35 cegh cegh VERB issue-2267 170 36 vtp vtp PROPN issue-2267 170 37 volumes volume NOUN issue-2267 170 38 , , PUNCT issue-2267 170 39 remit remit VERB issue-2267 170 40 : : PUNCT issue-2267 170 41 umm umm INTJ issue-2267 170 42 publication publication NOUN issue-2267 170 43 ( ( PUNCT issue-2267 170 44 push push NOUN issue-2267 170 45 notification notification NOUN issue-2267 170 46 ) ) PUNCT issue-2267 170 47 ( ( PUNCT issue-2267 170 48 energy energy NOUN issue-2267 170 49 community community NOUN issue-2267 170 50 , , PUNCT issue-2267 170 51 2021 2021 NUM issue-2267 170 52 ) ) PUNCT issue-2267 170 53 . . PUNCT issue-2267 171 1 one one NUM issue-2267 171 2 of of ADP issue-2267 171 3 the the DET issue-2267 171 4 key key ADJ issue-2267 171 5 features feature NOUN issue-2267 171 6 of of ADP issue-2267 171 7 the the DET issue-2267 171 8 austrian austrian ADJ issue-2267 171 9 gas gas NOUN issue-2267 171 10 market market NOUN issue-2267 171 11 is be AUX issue-2267 171 12 that that SCONJ issue-2267 171 13 it it PRON issue-2267 171 14 is be AUX issue-2267 171 15 relatively relatively ADV issue-2267 171 16 new new ADJ issue-2267 171 17 . . PUNCT issue-2267 172 1 unlike unlike ADP issue-2267 172 2 nbp nbp PROPN issue-2267 172 3 or or CCONJ issue-2267 172 4 ttf ttf NOUN issue-2267 172 5 , , PUNCT issue-2267 172 6 it it PRON issue-2267 172 7 does do AUX issue-2267 172 8 not not PART issue-2267 172 9 deal deal VERB issue-2267 172 10 with with ADP issue-2267 172 11 such such ADJ issue-2267 172 12 large large ADJ issue-2267 172 13 gas gas NOUN issue-2267 172 14 reserves reserve NOUN issue-2267 172 15 or or CCONJ issue-2267 172 16 production production NOUN issue-2267 172 17 , , PUNCT issue-2267 172 18 but but CCONJ issue-2267 172 19 is be AUX issue-2267 172 20 a a DET issue-2267 172 21 transit transit NOUN issue-2267 172 22 point point NOUN issue-2267 172 23 for for ADP issue-2267 172 24 many many ADJ issue-2267 172 25 gas gas NOUN issue-2267 172 26 supply supply NOUN issue-2267 172 27 routes route NOUN issue-2267 172 28 . . PUNCT issue-2267 173 1 while while SCONJ issue-2267 173 2 nbp nbp PROPN issue-2267 173 3 and and CCONJ issue-2267 173 4 ttf ttf PROPN issue-2267 173 5 , , PUNCT issue-2267 173 6 the the DET issue-2267 173 7 largest large ADJ issue-2267 173 8 hubs hub NOUN issue-2267 173 9 in in ADP issue-2267 173 10 europe europe PROPN issue-2267 173 11 , , PUNCT issue-2267 173 12 developed develop VERB issue-2267 173 13 under under ADP issue-2267 173 14 conditions condition NOUN issue-2267 173 15 more more ADV issue-2267 173 16 in in ADP issue-2267 173 17 line line NOUN issue-2267 173 18 with with ADP issue-2267 173 19 the the DET issue-2267 173 20 principles principle NOUN issue-2267 173 21 of of ADP issue-2267 173 22 the the DET issue-2267 173 23 free free ADJ issue-2267 173 24 market market NOUN issue-2267 173 25 , , PUNCT issue-2267 173 26 cegh cegh VERB issue-2267 173 27 and and CCONJ issue-2267 173 28 eex eex PROPN issue-2267 173 29 faced face VERB issue-2267 173 30 the the DET issue-2267 173 31 challenges challenge NOUN issue-2267 173 32 of of ADP issue-2267 173 33 modern modern ADJ issue-2267 173 34 times time NOUN issue-2267 173 35 , , PUNCT issue-2267 173 36 in in ADP issue-2267 173 37 particular particular ADJ issue-2267 173 38 the the DET issue-2267 173 39 processes process NOUN issue-2267 173 40 of of ADP issue-2267 173 41 liberalisation liberalisation NOUN issue-2267 173 42 , , PUNCT issue-2267 173 43 and and CCONJ issue-2267 173 44 accordingly accordingly ADV issue-2267 173 45 operated operate VERB issue-2267 173 46 under under ADP issue-2267 173 47 conditions condition NOUN issue-2267 173 48 of of ADP issue-2267 173 49 special special ADJ issue-2267 173 50 regulation regulation NOUN issue-2267 173 51 of of ADP issue-2267 173 52 actions action NOUN issue-2267 173 53 . . PUNCT issue-2267 174 1 a a DET issue-2267 174 2 rather rather ADV issue-2267 174 3 different different ADJ issue-2267 174 4 case case NOUN issue-2267 174 5 is be AUX issue-2267 174 6 gestore gestore ADJ issue-2267 174 7 dei dei NOUN issue-2267 174 8 mercati mercati PROPN issue-2267 174 9 energetici energetici PROPN issue-2267 174 10 ( ( PUNCT issue-2267 174 11 gme gme NOUN issue-2267 174 12 ) ) PUNCT issue-2267 174 13 in in ADP issue-2267 174 14 italy italy PROPN issue-2267 174 15 . . PUNCT issue-2267 175 1 the the DET issue-2267 175 2 launch launch NOUN issue-2267 175 3 of of ADP issue-2267 175 4 the the DET issue-2267 175 5 italian italian ADJ issue-2267 175 6 gas gas NOUN issue-2267 175 7 exchange exchange NOUN issue-2267 175 8 was be AUX issue-2267 175 9 preceded precede VERB issue-2267 175 10 by by ADP issue-2267 175 11 the the DET issue-2267 175 12 creation creation NOUN issue-2267 175 13 of of ADP issue-2267 175 14 the the DET issue-2267 175 15 vtp vtp NOUN issue-2267 175 16 in in ADP issue-2267 175 17 2006 2006 NUM issue-2267 175 18 . . PUNCT issue-2267 176 1 at at ADP issue-2267 176 2 the the DET issue-2267 176 3 same same ADJ issue-2267 176 4 time time NOUN issue-2267 176 5 , , PUNCT issue-2267 176 6 the the DET issue-2267 176 7 spot spot NOUN issue-2267 176 8 market market NOUN issue-2267 176 9 for for ADP issue-2267 176 10 natural natural ADJ issue-2267 176 11 gas gas NOUN issue-2267 176 12 was be AUX issue-2267 176 13 launched launch VERB issue-2267 176 14 in in ADP issue-2267 176 15 italy italy PROPN issue-2267 176 16 for for ADP issue-2267 176 17 the the DET issue-2267 176 18 first first ADJ issue-2267 176 19 time time NOUN issue-2267 176 20 . . PUNCT issue-2267 177 1 due due ADP issue-2267 177 2 to to ADP issue-2267 177 3 the the DET issue-2267 177 4 relatively relatively ADV issue-2267 177 5 long long ADJ issue-2267 177 6 process process NOUN issue-2267 177 7 of of ADP issue-2267 177 8 setting set VERB issue-2267 177 9 up up ADP issue-2267 177 10 and and CCONJ issue-2267 177 11 registering register VERB issue-2267 177 12 institutions institution NOUN issue-2267 177 13 , , PUNCT issue-2267 177 14 gme gme PROPN issue-2267 177 15 was be AUX issue-2267 177 16 actually actually ADV issue-2267 177 17 launched launch VERB issue-2267 177 18 in in ADP issue-2267 177 19 2010 2010 NUM issue-2267 177 20 . . PUNCT issue-2267 178 1 gme gme PROPN issue-2267 178 2 's 's PART issue-2267 178 3 peculiarity peculiarity NOUN issue-2267 178 4 is be AUX issue-2267 178 5 that that SCONJ issue-2267 178 6 it it PRON issue-2267 178 7 is be AUX issue-2267 178 8 fully fully ADV issue-2267 178 9 owned own VERB issue-2267 178 10 by by ADP issue-2267 178 11 the the DET issue-2267 178 12 ministry ministry PROPN issue-2267 178 13 of of ADP issue-2267 178 14 economy economy NOUN issue-2267 178 15 and and CCONJ issue-2267 178 16 finance finance NOUN issue-2267 178 17 and and CCONJ issue-2267 178 18 is be AUX issue-2267 178 19 an an DET issue-2267 178 20 energy energy NOUN issue-2267 178 21 operator operator NOUN issue-2267 178 22 in in ADP issue-2267 178 23 the the DET issue-2267 178 24 italian italian ADJ issue-2267 178 25 market market NOUN issue-2267 178 26 . . PUNCT issue-2267 179 1 there there PRON issue-2267 179 2 are be VERB issue-2267 179 3 three three NUM issue-2267 179 4 platforms platform NOUN issue-2267 179 5 on on ADP issue-2267 179 6 the the DET issue-2267 179 7 gme gme NOUN issue-2267 179 8 : : PUNCT issue-2267 179 9 a a DET issue-2267 179 10 spot spot NOUN issue-2267 179 11 market market NOUN issue-2267 179 12 m m NOUN issue-2267 179 13 - - PUNCT issue-2267 179 14 gas gas NOUN issue-2267 179 15 ( ( PUNCT issue-2267 179 16 consisting consist VERB issue-2267 179 17 of of ADP issue-2267 179 18 the the DET issue-2267 179 19 day day NOUN issue-2267 179 20 - - PUNCT issue-2267 179 21 ahead ahead NOUN issue-2267 179 22 market market NOUN issue-2267 179 23 – – PUNCT issue-2267 179 24 mgp mgp NOUN issue-2267 179 25 - - PUNCT issue-2267 179 26 gas gas NOUN issue-2267 179 27 , , PUNCT issue-2267 179 28 the the DET issue-2267 179 29 intraday intraday NOUN issue-2267 179 30 market market NOUN issue-2267 179 31 – – PUNCT issue-2267 179 32 mi mi NOUN issue-2267 179 33 - - NOUN issue-2267 179 34 gas gas NOUN issue-2267 179 35 , , PUNCT issue-2267 179 36 the the DET issue-2267 179 37 locational locational ADJ issue-2267 179 38 products product NOUN issue-2267 179 39 market market NOUN issue-2267 179 40 – – PUNCT issue-2267 179 41 mpl mpl NOUN issue-2267 179 42 , , PUNCT issue-2267 179 43 the the DET issue-2267 179 44 regulated regulated ADJ issue-2267 179 45 market market NOUN issue-2267 179 46 for for ADP issue-2267 179 47 trading trading NOUN issue-2267 179 48 in in ADP issue-2267 179 49 stored store VERB issue-2267 179 50 gas gas NOUN issue-2267 179 51 – – PUNCT issue-2267 179 52 mgs mgs NOUN issue-2267 179 53 ) ) PUNCT issue-2267 179 54 ; ; PUNCT issue-2267 179 55 a a DET issue-2267 179 56 market market NOUN issue-2267 179 57 for for ADP issue-2267 179 58 monthly monthly ADJ issue-2267 179 59 and and CCONJ issue-2267 179 60 yearly yearly ADJ issue-2267 179 61 products product NOUN issue-2267 179 62 – – PUNCT issue-2267 179 63 p p NOUN issue-2267 179 64 - - PUNCT issue-2267 179 65 gas gas NOUN issue-2267 179 66 ( ( PUNCT issue-2267 179 67 including include VERB issue-2267 179 68 imports import NOUN issue-2267 179 69 , , PUNCT issue-2267 179 70 royalties royalty NOUN issue-2267 179 71 and and CCONJ issue-2267 179 72 investment investment NOUN issue-2267 179 73 segments segment NOUN issue-2267 179 74 ) ) PUNCT issue-2267 179 75 ; ; PUNCT issue-2267 179 76 a a DET issue-2267 179 77 balancing balance VERB issue-2267 179 78 platform platform NOUN issue-2267 179 79 pb pb NOUN issue-2267 179 80 - - PUNCT issue-2267 179 81 gas gas NOUN issue-2267 179 82 ( ( PUNCT issue-2267 179 83 honoré honoré NOUN issue-2267 179 84 , , PUNCT issue-2267 179 85 2013 2013 NUM issue-2267 179 86 ) ) PUNCT issue-2267 179 87 . . PUNCT issue-2267 180 1 0 0 NUM issue-2267 181 1 100 100 NUM issue-2267 181 2 200 200 NUM issue-2267 181 3 300 300 NUM issue-2267 181 4 400 400 NUM issue-2267 181 5 500 500 NUM issue-2267 181 6 0 0 NUM issue-2267 181 7 50 50 NUM issue-2267 181 8 100 100 NUM issue-2267 181 9 150 150 NUM issue-2267 181 10 200 200 NUM issue-2267 181 11 250 250 NUM issue-2267 181 12 20 20 NUM issue-2267 181 13 09 09 NUM issue-2267 181 14 20 20 NUM issue-2267 181 15 10 10 NUM issue-2267 181 16 20 20 NUM issue-2267 181 17 11 11 NUM issue-2267 181 18 20 20 NUM issue-2267 181 19 12 12 NUM issue-2267 181 20 20 20 NUM issue-2267 181 21 13 13 NUM issue-2267 181 22 20 20 NUM issue-2267 181 23 14 14 NUM issue-2267 181 24 20 20 NUM issue-2267 181 25 15 15 NUM issue-2267 181 26 20 20 NUM issue-2267 181 27 16 16 NUM issue-2267 181 28 20 20 NUM issue-2267 181 29 17 17 NUM issue-2267 181 30 20 20 NUM issue-2267 181 31 18 18 NUM issue-2267 181 32 20 20 NUM issue-2267 181 33 19 19 NUM issue-2267 181 34 20 20 NUM issue-2267 181 35 20 20 NUM issue-2267 181 36 20 20 NUM issue-2267 181 37 21 21 NUM issue-2267 181 38 20 20 NUM issue-2267 181 39 22 22 NUM issue-2267 181 40 % % NOUN issue-2267 181 41 tw tw INTJ issue-2267 181 42 h h NOUN issue-2267 181 43 spot spot PROPN issue-2267 181 44 market market NOUN issue-2267 181 45 futures future NOUN issue-2267 181 46 market market NOUN issue-2267 181 47 ytoy ytoy NOUN issue-2267 181 48 figure figure NOUN issue-2267 181 49 6 6 NUM issue-2267 181 50 . . PUNCT issue-2267 181 51 natural natural ADJ issue-2267 181 52 gas gas NOUN issue-2267 181 53 trading trading NOUN issue-2267 181 54 volumes volume NOUN issue-2267 181 55 on on ADP issue-2267 181 56 the the DET issue-2267 181 57 cegh cegh VERB issue-2267 181 58 gas gas NOUN issue-2267 181 59 exchange exchange NOUN issue-2267 181 60 , , PUNCT issue-2267 181 61 twh twh PROPN issue-2267 181 62 source source NOUN issue-2267 181 63 : : PUNCT issue-2267 181 64 own own ADJ issue-2267 181 65 development development NOUN issue-2267 181 66 based base VERB issue-2267 181 67 on on ADP issue-2267 181 68 ( ( PUNCT issue-2267 181 69 cegh cegh ADJ issue-2267 181 70 , , PUNCT issue-2267 181 71 multiple multiple ADJ issue-2267 181 72 : : PUNCT issue-2267 181 73 2020 2020 NUM issue-2267 181 74 .. .. SYM issue-2267 181 75 2023 2023 NUM issue-2267 181 76 ; ; PUNCT issue-2267 181 77 energy energy NOUN issue-2267 181 78 community community NOUN issue-2267 181 79 , , PUNCT issue-2267 181 80 2021 2021 NUM issue-2267 181 81 ) ) PUNCT issue-2267 182 1 33 33 NUM issue-2267 182 2 42 42 NUM issue-2267 182 3 66 66 NUM issue-2267 182 4 71 71 NUM issue-2267 182 5 88 88 NUM issue-2267 182 6 158 158 NUM issue-2267 182 7 179 179 NUM issue-2267 182 8 186 186 NUM issue-2267 182 9 201 201 NUM issue-2267 182 10 207 207 NUM issue-2267 182 11 227 227 NUM issue-2267 182 12 305 305 NUM issue-2267 182 13 60 60 NUM issue-2267 182 14 65 65 NUM issue-2267 182 15 74 74 NUM issue-2267 182 16 86 86 NUM issue-2267 182 17 96 96 NUM issue-2267 182 18 107 107 NUM issue-2267 182 19 61 61 NUM issue-2267 182 20 72 72 NUM issue-2267 182 21 77 77 NUM issue-2267 182 22 78 78 NUM issue-2267 182 23 80 80 NUM issue-2267 182 24 86 86 NUM issue-2267 182 25 85 85 NUM issue-2267 182 26 85 85 NUM issue-2267 182 27 80 80 NUM issue-2267 182 28 80 80 NUM issue-2267 182 29 81 81 NUM issue-2267 182 30 81 81 NUM issue-2267 182 31 20 20 NUM issue-2267 182 32 11 11 NUM issue-2267 182 33 20 20 NUM issue-2267 182 34 12 12 NUM issue-2267 182 35 20 20 NUM issue-2267 182 36 13 13 NUM issue-2267 182 37 20 20 NUM issue-2267 182 38 14 14 NUM issue-2267 182 39 20 20 NUM issue-2267 182 40 15 15 NUM issue-2267 182 41 20 20 NUM issue-2267 182 42 16 16 NUM issue-2267 182 43 20 20 NUM issue-2267 182 44 17 17 NUM issue-2267 182 45 20 20 NUM issue-2267 182 46 18 18 NUM issue-2267 182 47 20 20 NUM issue-2267 182 48 19 19 NUM issue-2267 182 49 20 20 NUM issue-2267 182 50 20 20 NUM issue-2267 182 51 20 20 NUM issue-2267 182 52 21 21 NUM issue-2267 182 53 20 20 NUM issue-2267 182 54 22 22 NUM issue-2267 182 55 mgas mgas NOUN issue-2267 182 56 pb pb ADP issue-2267 182 57 - - PUNCT issue-2267 182 58 gas gas NOUN issue-2267 182 59 p p NOUN issue-2267 182 60 - - PUNCT issue-2267 182 61 gas gas NOUN issue-2267 182 62 figure figure NOUN issue-2267 182 63 7 7 NUM issue-2267 182 64 . . PUNCT issue-2267 182 65 participants participant NOUN issue-2267 182 66 in in ADP issue-2267 182 67 the the DET issue-2267 182 68 gme gme PROPN issue-2267 182 69 natural natural ADJ issue-2267 182 70 gas gas NOUN issue-2267 182 71 trading trading NOUN issue-2267 182 72 market market NOUN issue-2267 182 73 source source NOUN issue-2267 182 74 : : PUNCT issue-2267 182 75 own own ADJ issue-2267 182 76 development development NOUN issue-2267 182 77 based base VERB issue-2267 182 78 on on ADP issue-2267 182 79 ( ( PUNCT issue-2267 182 80 gme gme ADJ issue-2267 182 81 , , PUNCT issue-2267 182 82 multiple multiple ADJ issue-2267 182 83 : : PUNCT issue-2267 182 84 2022 2022 NUM issue-2267 182 85 .. .. SYM issue-2267 182 86 2023 2023 NUM issue-2267 182 87 ) ) PUNCT issue-2267 182 88 baltic baltic ADJ issue-2267 182 89 journal journal NOUN issue-2267 182 90 of of ADP issue-2267 182 91 economic economic ADJ issue-2267 182 92 studies study NOUN issue-2267 182 93 138 138 NUM issue-2267 182 94 vol vol NOUN issue-2267 182 95 . . PROPN issue-2267 182 96 9 9 NUM issue-2267 182 97 no no NOUN issue-2267 182 98 . . NOUN issue-2267 182 99 5 5 NUM issue-2267 182 100 , , PUNCT issue-2267 182 101 2023 2023 NUM issue-2267 182 102 according accord VERB issue-2267 182 103 to to ADP issue-2267 182 104 gme gme NOUN issue-2267 182 105 's 's PART issue-2267 182 106 annual annual ADJ issue-2267 182 107 reports report NOUN issue-2267 182 108 , , PUNCT issue-2267 182 109 the the DET issue-2267 182 110 exchange exchange NOUN issue-2267 182 111 's 's PART issue-2267 182 112 gas gas NOUN issue-2267 182 113 segment segment NOUN issue-2267 182 114 is be AUX issue-2267 182 115 growing grow VERB issue-2267 182 116 . . PUNCT issue-2267 183 1 thus thus ADV issue-2267 183 2 , , PUNCT issue-2267 183 3 the the DET issue-2267 183 4 number number NOUN issue-2267 183 5 of of ADP issue-2267 183 6 participants participant NOUN issue-2267 183 7 increased increase VERB issue-2267 183 8 almost almost ADV issue-2267 183 9 every every PRON issue-2267 183 10 year year NOUN issue-2267 183 11 ( ( PUNCT issue-2267 183 12 see see VERB issue-2267 183 13 figure figure NOUN issue-2267 183 14 7 7 NUM issue-2267 183 15 ) ) PUNCT issue-2267 183 16 , , PUNCT issue-2267 183 17 as as SCONJ issue-2267 183 18 did do VERB issue-2267 183 19 the the DET issue-2267 183 20 growth growth NOUN issue-2267 183 21 in in ADP issue-2267 183 22 traded trade VERB issue-2267 183 23 volumes volume NOUN issue-2267 183 24 , , PUNCT issue-2267 183 25 with with ADP issue-2267 183 26 the the DET issue-2267 183 27 largest large ADJ issue-2267 183 28 jumps jump NOUN issue-2267 183 29 in in ADP issue-2267 183 30 2019 2019 NUM issue-2267 183 31 and and CCONJ issue-2267 183 32 2020 2020 NUM issue-2267 183 33 ( ( PUNCT issue-2267 183 34 +45 +45 PROPN issue-2267 183 35 % % NOUN issue-2267 183 36 ) ) PUNCT issue-2267 183 37 . . PUNCT issue-2267 184 1 the the DET issue-2267 184 2 exceptions exception NOUN issue-2267 184 3 were be AUX issue-2267 184 4 2016 2016 NUM issue-2267 184 5 and and CCONJ issue-2267 184 6 2017 2017 NUM issue-2267 184 7 , , PUNCT issue-2267 184 8 when when SCONJ issue-2267 184 9 trading trading NOUN issue-2267 184 10 volumes volume NOUN issue-2267 184 11 fell fall VERB issue-2267 184 12 by by ADP issue-2267 184 13 4 4 NUM issue-2267 184 14 % % NOUN issue-2267 184 15 and and CCONJ issue-2267 184 16 8 8 NUM issue-2267 184 17 % % NOUN issue-2267 184 18 respectively respectively ADV issue-2267 184 19 ( ( PUNCT issue-2267 184 20 see see VERB issue-2267 184 21 figure figure NOUN issue-2267 184 22 8) 8) NUM issue-2267 184 23 . . PUNCT issue-2267 185 1 at at ADP issue-2267 185 2 the the DET issue-2267 185 3 same same ADJ issue-2267 185 4 time time NOUN issue-2267 185 5 , , PUNCT issue-2267 185 6 since since SCONJ issue-2267 185 7 2017 2017 NUM issue-2267 185 8 , , PUNCT issue-2267 185 9 trading trading NOUN issue-2267 185 10 has have AUX issue-2267 185 11 only only ADV issue-2267 185 12 taken take VERB issue-2267 185 13 place place NOUN issue-2267 185 14 on on ADP issue-2267 185 15 the the DET issue-2267 185 16 short short ADJ issue-2267 185 17 term term NOUN issue-2267 185 18 market market NOUN issue-2267 185 19 . . PUNCT issue-2267 186 1 in in ADP issue-2267 186 2 2022 2022 NUM issue-2267 186 3 , , PUNCT issue-2267 186 4 the the DET issue-2267 186 5 phenomenon phenomenon NOUN issue-2267 186 6 of of ADP issue-2267 186 7 the the DET issue-2267 186 8 dominance dominance NOUN issue-2267 186 9 of of ADP issue-2267 186 10 the the DET issue-2267 186 11 day day NOUN issue-2267 186 12 - - PUNCT issue-2267 186 13 ahead ahead NOUN issue-2267 186 14 market market NOUN issue-2267 186 15 was be AUX issue-2267 186 16 observed observe VERB issue-2267 186 17 . . PUNCT issue-2267 187 1 its its PRON issue-2267 187 2 share share NOUN issue-2267 187 3 reached reach VERB issue-2267 187 4 72 72 NUM issue-2267 187 5 % % NOUN issue-2267 187 6 . . PUNCT issue-2267 188 1 speaking speak VERB issue-2267 188 2 of of ADP issue-2267 188 3 peculiarities peculiarity NOUN issue-2267 188 4 , , PUNCT issue-2267 188 5 it it PRON issue-2267 188 6 should should AUX issue-2267 188 7 also also ADV issue-2267 188 8 be be AUX issue-2267 188 9 noted note VERB issue-2267 188 10 that that SCONJ issue-2267 188 11 prices price NOUN issue-2267 188 12 on on ADP issue-2267 188 13 the the DET issue-2267 188 14 italian italian ADJ issue-2267 188 15 gas gas NOUN issue-2267 188 16 market market NOUN issue-2267 188 17 have have AUX issue-2267 188 18 been be AUX issue-2267 188 19 quite quite ADV issue-2267 188 20 high high ADJ issue-2267 188 21 over over ADP issue-2267 188 22 the the DET issue-2267 188 23 years year NOUN issue-2267 188 24 compared compare VERB issue-2267 188 25 to to ADP issue-2267 188 26 other other ADJ issue-2267 188 27 european european ADJ issue-2267 188 28 countries country NOUN issue-2267 188 29 , , PUNCT issue-2267 188 30 with with ADP issue-2267 188 31 household household NOUN issue-2267 188 32 taxation taxation NOUN issue-2267 188 33 reaching reach VERB issue-2267 188 34 almost almost ADV issue-2267 188 35 40 40 NUM issue-2267 188 36 % % NOUN issue-2267 188 37 in in ADP issue-2267 188 38 2021 2021 NUM issue-2267 188 39 ( ( PUNCT issue-2267 188 40 iea iea NOUN issue-2267 188 41 , , PUNCT issue-2267 188 42 2023a 2023a NUM issue-2267 188 43 ) ) PUNCT issue-2267 188 44 . . PUNCT issue-2267 189 1 the the DET issue-2267 189 2 romanian romanian ADJ issue-2267 189 3 gas gas NOUN issue-2267 189 4 market market NOUN issue-2267 189 5 has have VERB issue-2267 189 6 several several ADJ issue-2267 189 7 similarities similarity NOUN issue-2267 189 8 with with ADP issue-2267 189 9 the the DET issue-2267 189 10 ukrainian ukrainian ADJ issue-2267 189 11 market market NOUN issue-2267 189 12 . . PUNCT issue-2267 190 1 these these PRON issue-2267 190 2 include include VERB issue-2267 190 3 a a DET issue-2267 190 4 late late ADJ issue-2267 190 5 start start NOUN issue-2267 190 6 to to ADP issue-2267 190 7 liberalisation liberalisation NOUN issue-2267 190 8 , , PUNCT issue-2267 190 9 a a DET issue-2267 190 10 high high ADJ issue-2267 190 11 concentration concentration NOUN issue-2267 190 12 of of ADP issue-2267 190 13 production production NOUN issue-2267 190 14 and and CCONJ issue-2267 190 15 operators operator NOUN issue-2267 190 16 , , PUNCT issue-2267 190 17 and and CCONJ issue-2267 190 18 a a DET issue-2267 190 19 strong strong ADJ issue-2267 190 20 regulatory regulatory ADJ issue-2267 190 21 influence influence NOUN issue-2267 190 22 of of ADP issue-2267 190 23 the the DET issue-2267 190 24 state state NOUN issue-2267 190 25 . . PUNCT issue-2267 191 1 at at ADP issue-2267 191 2 the the DET issue-2267 191 3 same same ADJ issue-2267 191 4 time time NOUN issue-2267 191 5 , , PUNCT issue-2267 191 6 government government NOUN issue-2267 191 7 measures measure NOUN issue-2267 191 8 have have AUX issue-2267 191 9 had have AUX issue-2267 191 10 both both CCONJ issue-2267 191 11 stimulating stimulate VERB issue-2267 191 12 and and CCONJ issue-2267 191 13 inhibiting inhibit VERB issue-2267 191 14 effects effect NOUN issue-2267 191 15 ( ( PUNCT issue-2267 191 16 ciot ciot NOUN issue-2267 191 17 , , PUNCT issue-2267 191 18 2021 2021 NUM issue-2267 191 19 ) ) PUNCT issue-2267 191 20 . . PUNCT issue-2267 192 1 in in ADP issue-2267 192 2 2014 2014 NUM issue-2267 192 3 , , PUNCT issue-2267 192 4 the the DET issue-2267 192 5 government government NOUN issue-2267 192 6 deregulated deregulate VERB issue-2267 192 7 prices price NOUN issue-2267 192 8 but but CCONJ issue-2267 192 9 obliged oblige VERB issue-2267 192 10 producers producer NOUN issue-2267 192 11 and and CCONJ issue-2267 192 12 small small ADJ issue-2267 192 13 suppliers supplier NOUN issue-2267 192 14 to to PART issue-2267 192 15 trade trade VERB issue-2267 192 16 a a DET issue-2267 192 17 defined define VERB issue-2267 192 18 gas gas NOUN issue-2267 192 19 limit limit NOUN issue-2267 192 20 through through ADP issue-2267 192 21 the the DET issue-2267 192 22 licensed licensed ADJ issue-2267 192 23 platforms platform NOUN issue-2267 192 24 of of ADP issue-2267 192 25 operatorul operatorul NOUN issue-2267 192 26 pietei pietei NOUN issue-2267 192 27 de de X issue-2267 192 28 energie energie X issue-2267 192 29 electrica electrica PROPN issue-2267 192 30 si si PROPN issue-2267 192 31 gaze gaze PROPN issue-2267 192 32 naturale naturale NOUN issue-2267 192 33 " " PUNCT issue-2267 192 34 opcom opcom NOUN issue-2267 192 35 " " PUNCT issue-2267 192 36 ( ( PUNCT issue-2267 192 37 electricity electricity NOUN issue-2267 192 38 and and CCONJ issue-2267 192 39 gas gas NOUN issue-2267 192 40 market market NOUN issue-2267 192 41 operator operator NOUN issue-2267 192 42 ) ) PUNCT issue-2267 192 43 and and CCONJ issue-2267 192 44 bursa bursa PROPN issue-2267 192 45 română română PROPN issue-2267 192 46 de de PROPN issue-2267 192 47 mărfuri mărfuri PROPN issue-2267 192 48 – – PUNCT issue-2267 192 49 brm brm NOUN issue-2267 192 50 ( ( PUNCT issue-2267 192 51 romanian romanian ADJ issue-2267 192 52 commodity commodity NOUN issue-2267 192 53 exchange exchange PROPN issue-2267 192 54 ) ) PUNCT issue-2267 192 55 . . PUNCT issue-2267 193 1 a a DET issue-2267 193 2 significant significant ADJ issue-2267 193 3 driver driver NOUN issue-2267 193 4 for for ADP issue-2267 193 5 the the DET issue-2267 193 6 development development NOUN issue-2267 193 7 of of ADP issue-2267 193 8 exchange exchange NOUN issue-2267 193 9 trading trading NOUN issue-2267 193 10 was be AUX issue-2267 193 11 the the DET issue-2267 193 12 introduction introduction NOUN issue-2267 193 13 of of ADP issue-2267 193 14 new new ADJ issue-2267 193 15 clearing clearing NOUN issue-2267 193 16 services service NOUN issue-2267 193 17 to to ADP issue-2267 193 18 the the DET issue-2267 193 19 market market NOUN issue-2267 193 20 . . PUNCT issue-2267 194 1 favourable favourable ADJ issue-2267 194 2 geographical geographical ADJ issue-2267 194 3 location location NOUN issue-2267 194 4 , , PUNCT issue-2267 194 5 active active ADJ issue-2267 194 6 policies policy NOUN issue-2267 194 7 of of ADP issue-2267 194 8 the the DET issue-2267 194 9 government government NOUN issue-2267 194 10 and and CCONJ issue-2267 194 11 market market NOUN issue-2267 194 12 participants participant NOUN issue-2267 194 13 have have AUX issue-2267 194 14 influenced influence VERB issue-2267 194 15 the the DET issue-2267 194 16 strong strong ADJ issue-2267 194 17 growth growth NOUN issue-2267 194 18 rates rate NOUN issue-2267 194 19 of of ADP issue-2267 194 20 natural natural ADJ issue-2267 194 21 gas gas NOUN issue-2267 194 22 trading trading NOUN issue-2267 194 23 volumes volume NOUN issue-2267 194 24 . . PUNCT issue-2267 195 1 brm brm NOUN issue-2267 195 2 has have VERB issue-2267 195 3 significant significant ADJ issue-2267 195 4 advantages advantage NOUN issue-2267 195 5 in in ADP issue-2267 195 6 the the DET issue-2267 195 7 market market NOUN issue-2267 195 8 . . PUNCT issue-2267 196 1 if if SCONJ issue-2267 196 2 in in ADP issue-2267 196 3 2013 2013 NUM issue-2267 196 4 there there PRON issue-2267 196 5 were be VERB issue-2267 196 6 only only ADV issue-2267 196 7 16 16 NUM issue-2267 196 8 auctions auction NOUN issue-2267 196 9 , , PUNCT issue-2267 196 10 26 26 NUM issue-2267 196 11 customers customer NOUN issue-2267 196 12 and and CCONJ issue-2267 196 13 0.7 0.7 NUM issue-2267 196 14 twh twh NOUN issue-2267 196 15 of of ADP issue-2267 196 16 gas gas NOUN issue-2267 196 17 sold sell VERB issue-2267 196 18 on on ADP issue-2267 196 19 the the DET issue-2267 196 20 brm brm NOUN issue-2267 196 21 , , PUNCT issue-2267 196 22 in in ADP issue-2267 196 23 2017 2017 NUM issue-2267 196 24 there there PRON issue-2267 196 25 were be VERB issue-2267 196 26 675 675 NUM issue-2267 196 27 auctions auction NOUN issue-2267 196 28 on on ADP issue-2267 196 29 the the DET issue-2267 196 30 exchange exchange NOUN issue-2267 196 31 with with ADP issue-2267 196 32 more more ADJ issue-2267 196 33 than than ADP issue-2267 196 34 360 360 NUM issue-2267 196 35 customers customer NOUN issue-2267 196 36 and and CCONJ issue-2267 196 37 67.7 67.7 NUM issue-2267 196 38 twh twh NOUN issue-2267 196 39 sold sell VERB issue-2267 196 40 ( ( PUNCT issue-2267 196 41 anre anre NOUN issue-2267 196 42 , , PUNCT issue-2267 196 43 2020 2020 NUM issue-2267 196 44 ) ) PUNCT issue-2267 196 45 . . PUNCT issue-2267 197 1 the the DET issue-2267 197 2 brm brm NOUN issue-2267 197 3 and and CCONJ issue-2267 197 4 opcom opcom NOUN issue-2267 197 5 platforms platform NOUN issue-2267 197 6 represent represent VERB issue-2267 197 7 around around ADV issue-2267 197 8 56 56 NUM issue-2267 197 9 % % NOUN issue-2267 197 10 of of ADP issue-2267 197 11 national national ADJ issue-2267 197 12 consumption consumption NOUN issue-2267 197 13 and and CCONJ issue-2267 197 14 act act NOUN issue-2267 197 15 as as SCONJ issue-2267 197 16 the the DET issue-2267 197 17 central central ADJ issue-2267 197 18 counterparty counterparty NOUN issue-2267 197 19 for for ADP issue-2267 197 20 all all DET issue-2267 197 21 trades trade NOUN issue-2267 197 22 concluded conclude VERB issue-2267 197 23 on on ADP issue-2267 197 24 the the DET issue-2267 197 25 spot spot NOUN issue-2267 197 26 , , PUNCT issue-2267 197 27 forward forward ADV issue-2267 197 28 and and CCONJ issue-2267 197 29 balancing balance VERB issue-2267 197 30 markets market NOUN issue-2267 197 31 . . PUNCT issue-2267 198 1 in in ADP issue-2267 198 2 2018 2018 NUM issue-2267 198 3 , , PUNCT issue-2267 198 4 the the DET issue-2267 198 5 romanian romanian ADJ issue-2267 198 6 government government NOUN issue-2267 198 7 adopted adopt VERB issue-2267 198 8 resolution resolution NOUN issue-2267 198 9 no no NOUN issue-2267 198 10 . . PROPN issue-2267 198 11 114/2018 114/2018 NUM issue-2267 198 12 in in ADP issue-2267 198 13 order order NOUN issue-2267 198 14 to to PART issue-2267 198 15 limit limit VERB issue-2267 198 16 the the DET issue-2267 198 17 growth growth NOUN issue-2267 198 18 of of ADP issue-2267 198 19 gas gas NOUN issue-2267 198 20 prices price NOUN issue-2267 198 21 . . PUNCT issue-2267 199 1 this this PRON issue-2267 199 2 had have VERB issue-2267 199 3 a a DET issue-2267 199 4 negative negative ADJ issue-2267 199 5 impact impact NOUN issue-2267 199 6 on on ADP issue-2267 199 7 the the DET issue-2267 199 8 market market NOUN issue-2267 199 9 activity activity NOUN issue-2267 199 10 – – PUNCT issue-2267 199 11 the the DET issue-2267 199 12 volume volume NOUN issue-2267 199 13 of of ADP issue-2267 199 14 trading trading NOUN issue-2267 199 15 on on ADP issue-2267 199 16 the the DET issue-2267 199 17 brm brm NOUN issue-2267 199 18 in in ADP issue-2267 199 19 2018–2020 2018–2020 NUM issue-2267 199 20 stabilised stabilise VERB issue-2267 199 21 and and CCONJ issue-2267 199 22 decreased decrease VERB issue-2267 199 23 to to ADP issue-2267 199 24 30 30 NUM issue-2267 199 25 - - SYM issue-2267 199 26 50 50 NUM issue-2267 199 27 twh twh NOUN issue-2267 199 28 ( ( PUNCT issue-2267 199 29 visenescu visenescu NOUN issue-2267 199 30 & & CCONJ issue-2267 199 31 bartelet bartelet NOUN issue-2267 199 32 , , PUNCT issue-2267 199 33 2017 2017 NUM issue-2267 199 34 ) ) PUNCT issue-2267 199 35 . . PUNCT issue-2267 200 1 later later ADV issue-2267 200 2 , , PUNCT issue-2267 200 3 this this DET issue-2267 200 4 intervention intervention NOUN issue-2267 200 5 was be AUX issue-2267 200 6 cancelled cancel VERB issue-2267 200 7 , , PUNCT issue-2267 200 8 but but CCONJ issue-2267 200 9 in in ADP issue-2267 200 10 the the DET issue-2267 200 11 conditions condition NOUN issue-2267 200 12 of of ADP issue-2267 200 13 the the DET issue-2267 200 14 war war NOUN issue-2267 200 15 in in ADP issue-2267 200 16 ukraine ukraine NOUN issue-2267 200 17 , , PUNCT issue-2267 200 18 the the DET issue-2267 200 19 romanian romanian ADJ issue-2267 200 20 government government NOUN issue-2267 200 21 was be AUX issue-2267 200 22 forced force VERB issue-2267 200 23 to to PART issue-2267 200 24 resort resort VERB issue-2267 200 25 again again ADV issue-2267 200 26 to to ADP issue-2267 200 27 strict strict ADJ issue-2267 200 28 regulation regulation NOUN issue-2267 200 29 of of ADP issue-2267 200 30 volumes volume NOUN issue-2267 200 31 and and CCONJ issue-2267 200 32 sales sale NOUN issue-2267 200 33 prices price NOUN issue-2267 200 34 on on ADP issue-2267 200 35 the the DET issue-2267 200 36 domestic domestic ADJ issue-2267 200 37 market market NOUN issue-2267 200 38 . . PUNCT issue-2267 201 1 obstacles obstacle NOUN issue-2267 201 2 to to ADP issue-2267 201 3 the the DET issue-2267 201 4 planned plan VERB issue-2267 201 5 development development NOUN issue-2267 201 6 of of ADP issue-2267 201 7 the the DET issue-2267 201 8 exchange exchange NOUN issue-2267 201 9 segment segment NOUN issue-2267 201 10 of of ADP issue-2267 201 11 the the DET issue-2267 201 12 romanian romanian ADJ issue-2267 201 13 gas gas NOUN issue-2267 201 14 market market NOUN issue-2267 201 15 include include VERB issue-2267 201 16 high high ADJ issue-2267 201 17 concentration concentration NOUN issue-2267 201 18 with with ADP issue-2267 201 19 an an DET issue-2267 201 20 unstable unstable ADJ issue-2267 201 21 producer producer NOUN issue-2267 201 22 structure structure NOUN issue-2267 201 23 . . PUNCT issue-2267 202 1 this this PRON issue-2267 202 2 is be AUX issue-2267 202 3 compounded compound VERB issue-2267 202 4 by by ADP issue-2267 202 5 a a DET issue-2267 202 6 changing change VERB issue-2267 202 7 regulatory regulatory ADJ issue-2267 202 8 environment environment NOUN issue-2267 202 9 in in ADP issue-2267 202 10 terms term NOUN issue-2267 202 11 of of ADP issue-2267 202 12 price price NOUN issue-2267 202 13 requirements requirement NOUN issue-2267 202 14 and and CCONJ issue-2267 202 15 sales sale NOUN issue-2267 202 16 volumes volume NOUN issue-2267 202 17 . . PUNCT issue-2267 203 1 nevertheless nevertheless ADV issue-2267 203 2 , , PUNCT issue-2267 203 3 romania romania PROPN issue-2267 203 4 is be AUX issue-2267 203 5 actively actively ADV issue-2267 203 6 developing develop VERB issue-2267 203 7 its its PRON issue-2267 203 8 gas gas NOUN issue-2267 203 9 market market NOUN issue-2267 203 10 and and CCONJ issue-2267 203 11 increasing increase VERB issue-2267 203 12 production production NOUN issue-2267 203 13 volumes volume NOUN issue-2267 203 14 thanks thank NOUN issue-2267 203 15 to to ADP issue-2267 203 16 new new ADJ issue-2267 203 17 fields field NOUN issue-2267 203 18 in in ADP issue-2267 203 19 the the DET issue-2267 203 20 black black PROPN issue-2267 203 21 sea sea PROPN issue-2267 203 22 . . PUNCT issue-2267 204 1 romania romania PROPN issue-2267 204 2 's 's PART issue-2267 204 3 role role NOUN issue-2267 204 4 as as ADP issue-2267 204 5 a a DET issue-2267 204 6 transit transit NOUN issue-2267 204 7 country country NOUN issue-2267 204 8 for for ADP issue-2267 204 9 gas gas NOUN issue-2267 204 10 from from ADP issue-2267 204 11 greece greece PROPN issue-2267 204 12 and and CCONJ issue-2267 204 13 azerbaijan azerbaijan PROPN issue-2267 204 14 to to ADP issue-2267 204 15 hungary hungary PROPN issue-2267 204 16 and and CCONJ issue-2267 204 17 moldova moldova PROPN issue-2267 204 18 is be AUX issue-2267 204 19 growing grow VERB issue-2267 204 20 . . PUNCT issue-2267 205 1 poland poland PROPN issue-2267 205 2 started start VERB issue-2267 205 3 creating create VERB issue-2267 205 4 its its PRON issue-2267 205 5 own own ADJ issue-2267 205 6 gas gas NOUN issue-2267 205 7 market market NOUN issue-2267 205 8 in in ADP issue-2267 205 9 2012 2012 NUM issue-2267 205 10 with with ADP issue-2267 205 11 the the DET issue-2267 205 12 launch launch NOUN issue-2267 205 13 of of ADP issue-2267 205 14 the the DET issue-2267 205 15 commodity commodity NOUN issue-2267 205 16 derivatives derivative NOUN issue-2267 205 17 and and CCONJ issue-2267 205 18 day day NOUN issue-2267 205 19 - - PUNCT issue-2267 205 20 ahead ahead NOUN issue-2267 205 21 market market NOUN issue-2267 205 22 for for ADP issue-2267 205 23 natural natural ADJ issue-2267 205 24 gas gas NOUN issue-2267 205 25 as as ADP issue-2267 205 26 part part NOUN issue-2267 205 27 of of ADP issue-2267 205 28 the the DET issue-2267 205 29 european european PROPN issue-2267 205 30 union union PROPN issue-2267 205 31 's 's PART issue-2267 205 32 energy energy NOUN issue-2267 205 33 strategy strategy NOUN issue-2267 205 34 . . PUNCT issue-2267 206 1 the the DET issue-2267 206 2 incentive incentive NOUN issue-2267 206 3 for for ADP issue-2267 206 4 the the DET issue-2267 206 5 launch launch NOUN issue-2267 206 6 of of ADP issue-2267 206 7 the the DET issue-2267 206 8 exchange exchange NOUN issue-2267 206 9 segment segment NOUN issue-2267 206 10 in in ADP issue-2267 206 11 poland poland PROPN issue-2267 206 12 was be AUX issue-2267 206 13 the the DET issue-2267 206 14 requirement requirement NOUN issue-2267 206 15 to to PART issue-2267 206 16 sell sell VERB issue-2267 206 17 55 55 NUM issue-2267 206 18 % % NOUN issue-2267 206 19 of of ADP issue-2267 206 20 the the DET issue-2267 206 21 annual annual ADJ issue-2267 206 22 volume volume NOUN issue-2267 206 23 of of ADP issue-2267 206 24 gas gas NOUN issue-2267 206 25 traded trade VERB issue-2267 206 26 by by ADP issue-2267 206 27 energy energy NOUN issue-2267 206 28 companies company NOUN issue-2267 206 29 . . PUNCT issue-2267 207 1 this this DET issue-2267 207 2 requirement requirement NOUN issue-2267 207 3 was be AUX issue-2267 207 4 enshrined enshrine VERB issue-2267 207 5 in in ADP issue-2267 207 6 the the DET issue-2267 207 7 polish polish ADJ issue-2267 207 8 energy energy NOUN issue-2267 207 9 act act NOUN issue-2267 207 10 of of ADP issue-2267 207 11 2013 2013 NUM issue-2267 207 12 . . PUNCT issue-2267 208 1 -20 -20 NUM issue-2267 208 2 0 0 NUM issue-2267 209 1 20 20 NUM issue-2267 209 2 40 40 NUM issue-2267 209 3 60 60 NUM issue-2267 209 4 0 0 NUM issue-2267 209 5 50 50 NUM issue-2267 209 6 100 100 NUM issue-2267 209 7 150 150 NUM issue-2267 209 8 200 200 NUM issue-2267 209 9 20 20 NUM issue-2267 209 10 11 11 NUM issue-2267 209 11 20 20 NUM issue-2267 209 12 12 12 NUM issue-2267 209 13 20 20 NUM issue-2267 209 14 13 13 NUM issue-2267 209 15 20 20 NUM issue-2267 209 16 14 14 NUM issue-2267 209 17 20 20 NUM issue-2267 209 18 15 15 NUM issue-2267 209 19 20 20 NUM issue-2267 209 20 16 16 NUM issue-2267 209 21 20 20 NUM issue-2267 209 22 17 17 NUM issue-2267 209 23 20 20 NUM issue-2267 209 24 18 18 NUM issue-2267 209 25 20 20 NUM issue-2267 209 26 19 19 NUM issue-2267 209 27 20 20 NUM issue-2267 209 28 20 20 NUM issue-2267 209 29 20 20 NUM issue-2267 209 30 21 21 NUM issue-2267 209 31 20 20 NUM issue-2267 209 32 22 22 NUM issue-2267 209 33 pb pb ADP issue-2267 209 34 - - PUNCT issue-2267 209 35 gas gas NOUN issue-2267 209 36 mgas mgas NOUN issue-2267 209 37 ytoy ytoy NOUN issue-2267 209 38 figure figure NOUN issue-2267 209 39 8 8 NUM issue-2267 209 40 . . PUNCT issue-2267 210 1 gme gme PROPN issue-2267 210 2 natural natural ADJ issue-2267 210 3 gas gas NOUN issue-2267 210 4 trading trading NOUN issue-2267 210 5 volumes volume NOUN issue-2267 210 6 , , PUNCT issue-2267 210 7 twh twh PROPN issue-2267 210 8 source source NOUN issue-2267 210 9 : : PUNCT issue-2267 210 10 own own ADJ issue-2267 210 11 development development NOUN issue-2267 210 12 based base VERB issue-2267 210 13 on on ADP issue-2267 210 14 ( ( PUNCT issue-2267 210 15 gme gme ADJ issue-2267 210 16 , , PUNCT issue-2267 210 17 multiple multiple ADJ issue-2267 210 18 : : PUNCT issue-2267 210 19 2022 2022 NUM issue-2267 210 20 .. .. SYM issue-2267 210 21 2023 2023 NUM issue-2267 210 22 ) ) PUNCT issue-2267 210 23 baltic baltic ADJ issue-2267 210 24 journal journal NOUN issue-2267 210 25 of of ADP issue-2267 210 26 economic economic ADJ issue-2267 210 27 studies study NOUN issue-2267 210 28 139 139 NUM issue-2267 210 29 vol vol NOUN issue-2267 210 30 . . PROPN issue-2267 211 1 9 9 NUM issue-2267 211 2 no no NOUN issue-2267 211 3 . . NOUN issue-2267 211 4 5 5 NUM issue-2267 211 5 , , PUNCT issue-2267 211 6 2023 2023 NUM issue-2267 211 7 and and CCONJ issue-2267 211 8 the the DET issue-2267 211 9 only only ADJ issue-2267 211 10 platform platform NOUN issue-2267 211 11 at at ADP issue-2267 211 12 that that DET issue-2267 211 13 time time NOUN issue-2267 211 14 was be AUX issue-2267 211 15 the the DET issue-2267 211 16 polish polish ADJ issue-2267 211 17 power power NOUN issue-2267 211 18 exchange exchange PROPN issue-2267 211 19 ( ( PUNCT issue-2267 211 20 tge tge VERB issue-2267 211 21 ) ) PUNCT issue-2267 211 22 . . PUNCT issue-2267 212 1 as as ADP issue-2267 212 2 a a DET issue-2267 212 3 result result NOUN issue-2267 212 4 , , PUNCT issue-2267 212 5 already already ADV issue-2267 212 6 in in ADP issue-2267 212 7 2013–2014 2013–2014 NUM issue-2267 212 8 , , PUNCT issue-2267 212 9 the the DET issue-2267 212 10 annual annual ADJ issue-2267 212 11 trading trading NOUN issue-2267 212 12 volume volume NOUN issue-2267 212 13 on on ADP issue-2267 212 14 the the DET issue-2267 212 15 exchange exchange NOUN issue-2267 212 16 grew grow VERB issue-2267 212 17 from from ADP issue-2267 212 18 2 2 NUM issue-2267 212 19 to to ADP issue-2267 212 20 112 112 NUM issue-2267 212 21 twh twh NOUN issue-2267 212 22 , , PUNCT issue-2267 212 23 and and CCONJ issue-2267 212 24 in in ADP issue-2267 212 25 2020 2020 NUM issue-2267 212 26 it it PRON issue-2267 212 27 reached reach VERB issue-2267 212 28 151 151 NUM issue-2267 212 29 twh twh NOUN issue-2267 212 30 and and CCONJ issue-2267 212 31 included include VERB issue-2267 212 32 69 69 NUM issue-2267 212 33 % % NOUN issue-2267 212 34 of of ADP issue-2267 212 35 the the DET issue-2267 212 36 domestic domestic ADJ issue-2267 212 37 gas gas NOUN issue-2267 212 38 consumption consumption NOUN issue-2267 212 39 ( ( PUNCT issue-2267 212 40 tge tge VERB issue-2267 212 41 , , PUNCT issue-2267 212 42 2020 2020 NUM issue-2267 212 43 ) ) PUNCT issue-2267 212 44 . . PUNCT issue-2267 213 1 the the DET issue-2267 213 2 polish polish ADJ issue-2267 213 3 gas gas NOUN issue-2267 213 4 market market NOUN issue-2267 213 5 is be AUX issue-2267 213 6 not not PART issue-2267 213 7 fully fully ADV issue-2267 213 8 liberalised liberalise VERB issue-2267 213 9 . . PUNCT issue-2267 214 1 polish polish ADJ issue-2267 214 2 legislation legislation NOUN issue-2267 214 3 provides provide VERB issue-2267 214 4 for for ADP issue-2267 214 5 very very ADV issue-2267 214 6 significant significant ADJ issue-2267 214 7 obligations obligation NOUN issue-2267 214 8 for for ADP issue-2267 214 9 gas gas NOUN issue-2267 214 10 suppliers supplier NOUN issue-2267 214 11 in in ADP issue-2267 214 12 line line NOUN issue-2267 214 13 with with ADP issue-2267 214 14 energy energy NOUN issue-2267 214 15 security security NOUN issue-2267 214 16 priorities priority NOUN issue-2267 214 17 ( ( PUNCT issue-2267 214 18 niewiński niewiński PROPN issue-2267 214 19 et et PROPN issue-2267 214 20 al al PROPN issue-2267 214 21 . . PROPN issue-2267 214 22 , , PUNCT issue-2267 214 23 2017 2017 NUM issue-2267 214 24 ) ) PUNCT issue-2267 214 25 . . PUNCT issue-2267 215 1 the the DET issue-2267 215 2 main main ADJ issue-2267 215 3 growth growth NOUN issue-2267 215 4 prospects prospect NOUN issue-2267 215 5 of of ADP issue-2267 215 6 the the DET issue-2267 215 7 polish polish ADJ issue-2267 215 8 gas gas NOUN issue-2267 215 9 exchange exchange NOUN issue-2267 215 10 market market NOUN issue-2267 215 11 are be AUX issue-2267 215 12 based base VERB issue-2267 215 13 on on ADP issue-2267 215 14 its its PRON issue-2267 215 15 locational locational ADJ issue-2267 215 16 advantages advantage NOUN issue-2267 215 17 . . PUNCT issue-2267 216 1 this this PRON issue-2267 216 2 leads lead VERB issue-2267 216 3 to to ADP issue-2267 216 4 another another DET issue-2267 216 5 major major ADJ issue-2267 216 6 prospect prospect NOUN issue-2267 216 7 – – PUNCT issue-2267 216 8 the the DET issue-2267 216 9 integration integration NOUN issue-2267 216 10 of of ADP issue-2267 216 11 the the DET issue-2267 216 12 visegrad visegrad NOUN issue-2267 216 13 group group NOUN issue-2267 216 14 countries country NOUN issue-2267 216 15 , , PUNCT issue-2267 216 16 as as ADV issue-2267 216 17 well well ADV issue-2267 216 18 as as ADP issue-2267 216 19 the the DET issue-2267 216 20 scandinavian scandinavian ADJ issue-2267 216 21 countries country NOUN issue-2267 216 22 , , PUNCT issue-2267 216 23 into into ADP issue-2267 216 24 the the DET issue-2267 216 25 gas gas NOUN issue-2267 216 26 hub hub NOUN issue-2267 216 27 in in ADP issue-2267 216 28 poland poland PROPN issue-2267 216 29 . . PUNCT issue-2267 217 1 the the DET issue-2267 217 2 creation creation NOUN issue-2267 217 3 of of ADP issue-2267 217 4 a a DET issue-2267 217 5 gas gas NOUN issue-2267 217 6 hub hub NOUN issue-2267 217 7 has have AUX issue-2267 217 8 already already ADV issue-2267 217 9 appeared appear VERB issue-2267 217 10 as as ADP issue-2267 217 11 one one NUM issue-2267 217 12 of of ADP issue-2267 217 13 the the DET issue-2267 217 14 goals goal NOUN issue-2267 217 15 in in ADP issue-2267 217 16 the the DET issue-2267 217 17 polish polish ADJ issue-2267 217 18 energy energy NOUN issue-2267 217 19 strategy strategy NOUN issue-2267 217 20 until until ADP issue-2267 217 21 2040 2040 NUM issue-2267 217 22 ( ( PUNCT issue-2267 217 23 ballak ballak NOUN issue-2267 217 24 , , PUNCT issue-2267 217 25 2022 2022 NUM issue-2267 217 26 ) ) PUNCT issue-2267 217 27 . . PUNCT issue-2267 218 1 the the DET issue-2267 218 2 downside downside NOUN issue-2267 218 3 is be AUX issue-2267 218 4 that that SCONJ issue-2267 218 5 the the DET issue-2267 218 6 gas gas NOUN issue-2267 218 7 storage storage NOUN issue-2267 218 8 infrastructure infrastructure NOUN issue-2267 218 9 may may AUX issue-2267 218 10 be be AUX issue-2267 218 11 an an DET issue-2267 218 12 obstacle obstacle NOUN issue-2267 218 13 . . PUNCT issue-2267 219 1 6 6 NUM issue-2267 219 2 . . X issue-2267 219 3 development development NOUN issue-2267 219 4 of of ADP issue-2267 219 5 ukrainian ukrainian ADJ issue-2267 219 6 ueex ueex NOUN issue-2267 219 7 the the DET issue-2267 219 8 ukrainian ukrainian ADJ issue-2267 219 9 energy energy NOUN issue-2267 219 10 exchange exchange NOUN issue-2267 219 11 ( ( PUNCT issue-2267 219 12 ueex ueex NOUN issue-2267 219 13 ) ) PUNCT issue-2267 219 14 was be AUX issue-2267 219 15 established establish VERB issue-2267 219 16 in in ADP issue-2267 219 17 2017 2017 NUM issue-2267 219 18 with with ADP issue-2267 219 19 the the DET issue-2267 219 20 aim aim NOUN issue-2267 219 21 of of ADP issue-2267 219 22 organising organise VERB issue-2267 219 23 and and CCONJ issue-2267 219 24 conducting conduct VERB issue-2267 219 25 exchange exchange NOUN issue-2267 219 26 trading trading NOUN issue-2267 219 27 of of ADP issue-2267 219 28 energy energy NOUN issue-2267 219 29 resources resource NOUN issue-2267 219 30 . . PUNCT issue-2267 220 1 ueex ueex PROPN issue-2267 220 2 is be AUX issue-2267 220 3 an an DET issue-2267 220 4 open open ADJ issue-2267 220 5 electronic electronic ADJ issue-2267 220 6 trading trading NOUN issue-2267 220 7 platform platform NOUN issue-2267 220 8 , , PUNCT issue-2267 220 9 where where SCONJ issue-2267 220 10 fair fair ADJ issue-2267 220 11 market market NOUN issue-2267 220 12 prices price NOUN issue-2267 220 13 are be AUX issue-2267 220 14 formed form VERB issue-2267 220 15 based base VERB issue-2267 220 16 on on ADP issue-2267 220 17 the the DET issue-2267 220 18 supply supply NOUN issue-2267 220 19 and and CCONJ issue-2267 220 20 demand demand NOUN issue-2267 220 21 of of ADP issue-2267 220 22 bidders bidder NOUN issue-2267 220 23 and and CCONJ issue-2267 220 24 calculations calculation NOUN issue-2267 220 25 are be AUX issue-2267 220 26 made make VERB issue-2267 220 27 on on ADP issue-2267 220 28 this this DET issue-2267 220 29 basis basis NOUN issue-2267 220 30 . . PUNCT issue-2267 221 1 ueex ueex PROPN issue-2267 221 2 is be AUX issue-2267 221 3 the the DET issue-2267 221 4 only only ADJ issue-2267 221 5 centralised centralised ADJ issue-2267 221 6 platform platform NOUN issue-2267 221 7 where where SCONJ issue-2267 221 8 the the DET issue-2267 221 9 largest large ADJ issue-2267 221 10 liquidity liquidity NOUN issue-2267 221 11 and and CCONJ issue-2267 221 12 trading trading NOUN issue-2267 221 13 of of ADP issue-2267 221 14 all all DET issue-2267 221 15 types type NOUN issue-2267 221 16 of of ADP issue-2267 221 17 energy energy NOUN issue-2267 221 18 resources resource NOUN issue-2267 221 19 is be AUX issue-2267 221 20 concentrated concentrate VERB issue-2267 221 21 . . PUNCT issue-2267 222 1 ueex ueex PROPN issue-2267 222 2 organises organise VERB issue-2267 222 3 auctions auction NOUN issue-2267 222 4 in in ADP issue-2267 222 5 which which PRON issue-2267 222 6 an an DET issue-2267 222 7 unlimited unlimited ADJ issue-2267 222 8 number number NOUN issue-2267 222 9 of of ADP issue-2267 222 10 buyers buyer NOUN issue-2267 222 11 and and CCONJ issue-2267 222 12 sellers seller NOUN issue-2267 222 13 can can AUX issue-2267 222 14 participate participate VERB issue-2267 222 15 simultaneously simultaneously ADV issue-2267 222 16 and and CCONJ issue-2267 222 17 transactions transaction NOUN issue-2267 222 18 are be AUX issue-2267 222 19 concluded conclude VERB issue-2267 222 20 on on ADP issue-2267 222 21 a a DET issue-2267 222 22 competitive competitive ADJ issue-2267 222 23 basis basis NOUN issue-2267 222 24 , , PUNCT issue-2267 222 25 respecting respect VERB issue-2267 222 26 the the DET issue-2267 222 27 principle principle NOUN issue-2267 222 28 of of ADP issue-2267 222 29 bidder bidder NOUN issue-2267 222 30 anonymity anonymity NOUN issue-2267 222 31 through through ADP issue-2267 222 32 matching match VERB issue-2267 222 33 . . PUNCT issue-2267 223 1 until until ADP issue-2267 223 2 recently recently ADV issue-2267 223 3 , , PUNCT issue-2267 223 4 the the DET issue-2267 223 5 gts gts NOUN issue-2267 223 6 operator operator NOUN issue-2267 223 7 was be AUX issue-2267 223 8 obliged oblige VERB issue-2267 223 9 to to PART issue-2267 223 10 comply comply VERB issue-2267 223 11 with with ADP issue-2267 223 12 the the DET issue-2267 223 13 terms term NOUN issue-2267 223 14 and and CCONJ issue-2267 223 15 conditions condition NOUN issue-2267 223 16 of of ADP issue-2267 223 17 the the DET issue-2267 223 18 contract contract NOUN issue-2267 223 19 for for ADP issue-2267 223 20 the the DET issue-2267 223 21 purchase purchase NOUN issue-2267 223 22 of of ADP issue-2267 223 23 balancing balance VERB issue-2267 223 24 energy energy NOUN issue-2267 223 25 , , PUNCT issue-2267 223 26 which which PRON issue-2267 223 27 is be AUX issue-2267 223 28 carried carry VERB issue-2267 223 29 out out ADP issue-2267 223 30 on on ADP issue-2267 223 31 the the DET issue-2267 223 32 prozorro prozorro NOUN issue-2267 223 33 platform platform NOUN issue-2267 223 34 ( ( PUNCT issue-2267 223 35 electronic electronic ADJ issue-2267 223 36 public public ADJ issue-2267 223 37 procurement procurement NOUN issue-2267 223 38 system system NOUN issue-2267 223 39 ) ) PUNCT issue-2267 223 40 and and CCONJ issue-2267 223 41 could could AUX issue-2267 223 42 be be AUX issue-2267 223 43 different different ADJ issue-2267 223 44 for for ADP issue-2267 223 45 each each DET issue-2267 223 46 procurement procurement NOUN issue-2267 223 47 procedure procedure NOUN issue-2267 223 48 . . PUNCT issue-2267 224 1 however however ADV issue-2267 224 2 , , PUNCT issue-2267 224 3 the the DET issue-2267 224 4 requirement requirement NOUN issue-2267 224 5 for for ADP issue-2267 224 6 public public ADJ issue-2267 224 7 procurement procurement NOUN issue-2267 224 8 has have AUX issue-2267 224 9 recently recently ADV issue-2267 224 10 been be AUX issue-2267 224 11 abolished abolish VERB issue-2267 224 12 by by ADP issue-2267 224 13 the the DET issue-2267 224 14 law law NOUN issue-2267 224 15 of of ADP issue-2267 224 16 ukraine ukraine NOUN issue-2267 224 17 , , PUNCT issue-2267 224 18 which which PRON issue-2267 224 19 allows allow VERB issue-2267 224 20 ogtsu ogtsu NOUN issue-2267 224 21 to to PART issue-2267 224 22 buy buy VERB issue-2267 224 23 / / SYM issue-2267 224 24 sell sell VERB issue-2267 224 25 gas gas NOUN issue-2267 224 26 on on ADP issue-2267 224 27 the the DET issue-2267 224 28 gas gas NOUN issue-2267 224 29 exchange exchange NOUN issue-2267 224 30 . . PUNCT issue-2267 225 1 at at ADP issue-2267 225 2 the the DET issue-2267 225 3 same same ADJ issue-2267 225 4 time time NOUN issue-2267 225 5 , , PUNCT issue-2267 225 6 the the DET issue-2267 225 7 ukrainian ukrainian ADJ issue-2267 225 8 financial financial ADJ issue-2267 225 9 sector sector NOUN issue-2267 225 10 at at ADP issue-2267 225 11 this this DET issue-2267 225 12 stage stage NOUN issue-2267 225 13 of of ADP issue-2267 225 14 development development NOUN issue-2267 225 15 is be AUX issue-2267 225 16 not not PART issue-2267 225 17 yet yet ADV issue-2267 225 18 capable capable ADJ issue-2267 225 19 of of ADP issue-2267 225 20 serving serve VERB issue-2267 225 21 as as ADP issue-2267 225 22 a a DET issue-2267 225 23 basis basis NOUN issue-2267 225 24 for for ADP issue-2267 225 25 clearing clearing NOUN issue-2267 225 26 . . PUNCT issue-2267 226 1 the the DET issue-2267 226 2 reform reform NOUN issue-2267 226 3 of of ADP issue-2267 226 4 the the DET issue-2267 226 5 financial financial ADJ issue-2267 226 6 sector sector NOUN issue-2267 226 7 requires require VERB issue-2267 226 8 the the DET issue-2267 226 9 creation creation NOUN issue-2267 226 10 of of ADP issue-2267 226 11 an an DET issue-2267 226 12 appropriate appropriate ADJ issue-2267 226 13 institutional institutional ADJ issue-2267 226 14 framework framework NOUN issue-2267 226 15 for for ADP issue-2267 226 16 the the DET issue-2267 226 17 establishment establishment NOUN issue-2267 226 18 of of ADP issue-2267 226 19 a a DET issue-2267 226 20 broad broad ADV issue-2267 226 21 - - PUNCT issue-2267 226 22 based base VERB issue-2267 226 23 commodity commodity NOUN issue-2267 226 24 exchange exchange NOUN issue-2267 226 25 . . PUNCT issue-2267 227 1 at at ADP issue-2267 227 2 present present ADJ issue-2267 227 3 , , PUNCT issue-2267 227 4 the the DET issue-2267 227 5 so so ADV issue-2267 227 6 - - PUNCT issue-2267 227 7 called call VERB issue-2267 227 8 escrow escrow NOUN issue-2267 227 9 accounts account NOUN issue-2267 227 10 operate operate VERB issue-2267 227 11 on on ADP issue-2267 227 12 the the DET issue-2267 227 13 basis basis NOUN issue-2267 227 14 of of ADP issue-2267 227 15 the the DET issue-2267 227 16 ueex ueex NOUN issue-2267 227 17 . . PUNCT issue-2267 228 1 however however ADV issue-2267 228 2 , , PUNCT issue-2267 228 3 a a DET issue-2267 228 4 memorandum memorandum NOUN issue-2267 228 5 of of ADP issue-2267 228 6 understanding understanding NOUN issue-2267 228 7 has have AUX issue-2267 228 8 been be AUX issue-2267 228 9 signed sign VERB issue-2267 228 10 between between ADP issue-2267 228 11 ueex ueex NOUN issue-2267 228 12 , , PUNCT issue-2267 228 13 the the DET issue-2267 228 14 ebrd ebrd NOUN issue-2267 228 15 , , PUNCT issue-2267 228 16 the the DET issue-2267 228 17 nbu nbu NOUN issue-2267 228 18 and and CCONJ issue-2267 228 19 major major ADJ issue-2267 228 20 participants participant NOUN issue-2267 228 21 in in ADP issue-2267 228 22 the the DET issue-2267 228 23 natural natural ADJ issue-2267 228 24 gas gas NOUN issue-2267 228 25 market market NOUN issue-2267 228 26 on on ADP issue-2267 228 27 the the DET issue-2267 228 28 involvement involvement NOUN issue-2267 228 29 of of ADP issue-2267 228 30 a a DET issue-2267 228 31 central central ADJ issue-2267 228 32 counterparty counterparty NOUN issue-2267 228 33 to to PART issue-2267 228 34 ensure ensure VERB issue-2267 228 35 full full ADJ issue-2267 228 36 clearing clearing NOUN issue-2267 228 37 . . PUNCT issue-2267 229 1 0 0 NUM issue-2267 230 1 1000 1000 NUM issue-2267 230 2 2000 2000 NUM issue-2267 230 3 3000 3000 NUM issue-2267 230 4 20 20 NUM issue-2267 230 5 17 17 NUM issue-2267 230 6 20 20 NUM issue-2267 230 7 18 18 NUM issue-2267 230 8 20 20 NUM issue-2267 230 9 19 19 NUM issue-2267 230 10 20 20 NUM issue-2267 230 11 20 20 NUM issue-2267 230 12 20 20 NUM issue-2267 230 13 21 21 NUM issue-2267 230 14 20 20 NUM issue-2267 230 15 22 22 NUM issue-2267 230 16 ja ja PROPN issue-2267 230 17 nju nju PROPN issue-2267 230 18 l l NOUN issue-2267 230 19 2 2 NUM issue-2267 230 20 02 02 NUM issue-2267 230 21 3 3 NUM issue-2267 230 22 a a PRON issue-2267 230 23 ) ) PUNCT issue-2267 230 24 volumes volume NOUN issue-2267 230 25 , , PUNCT issue-2267 230 26 million million NUM issue-2267 230 27 cm cm NOUN issue-2267 230 28 109 109 NUM issue-2267 230 29 189 189 NUM issue-2267 230 30 289 289 NUM issue-2267 230 31 372 372 NUM issue-2267 230 32 424 424 NUM issue-2267 230 33 20 20 NUM issue-2267 230 34 17 17 NUM issue-2267 230 35 20 20 NUM issue-2267 230 36 18 18 NUM issue-2267 230 37 20 20 NUM issue-2267 230 38 19 19 NUM issue-2267 230 39 20 20 NUM issue-2267 230 40 20 20 NUM issue-2267 230 41 ja ja PROPN issue-2267 230 42 nju nju PROPN issue-2267 230 43 n n ADV issue-2267 230 44 20 20 NUM issue-2267 230 45 21 21 NUM issue-2267 230 46 b b NOUN issue-2267 230 47 ) ) PUNCT issue-2267 230 48 participants participant NOUN issue-2267 230 49 0 0 NUM issue-2267 230 50 100 100 NUM issue-2267 230 51 200 200 NUM issue-2267 230 52 300 300 NUM issue-2267 230 53 20 20 NUM issue-2267 230 54 17 17 NUM issue-2267 230 55 20 20 NUM issue-2267 230 56 18 18 NUM issue-2267 230 57 20 20 NUM issue-2267 230 58 19 19 NUM issue-2267 230 59 20 20 NUM issue-2267 230 60 20 20 NUM issue-2267 230 61 ja ja PROPN issue-2267 230 62 nju nju PROPN issue-2267 230 63 n n ADV issue-2267 230 64 20 20 NUM issue-2267 230 65 21 21 NUM issue-2267 230 66 ja ja PROPN issue-2267 230 67 nju nju PROPN issue-2267 230 68 n n ADV issue-2267 230 69 20 20 NUM issue-2267 230 70 22 22 NUM issue-2267 230 71 ja ja PROPN issue-2267 230 72 nju nju PROPN issue-2267 230 73 n n ADV issue-2267 230 74 20 20 NUM issue-2267 230 75 23 23 NUM issue-2267 230 76 c c NOUN issue-2267 230 77 ) ) PUNCT issue-2267 230 78 trading trading NOUN issue-2267 230 79 sessions session NOUN issue-2267 230 80 0 0 NUM issue-2267 230 81 2000 2000 NUM issue-2267 230 82 4000 4000 NUM issue-2267 230 83 20 20 NUM issue-2267 230 84 17 17 NUM issue-2267 230 85 20 20 NUM issue-2267 230 86 18 18 NUM issue-2267 230 87 20 20 NUM issue-2267 230 88 19 19 NUM issue-2267 230 89 20 20 NUM issue-2267 230 90 20 20 NUM issue-2267 230 91 20 20 NUM issue-2267 230 92 21 21 NUM issue-2267 230 93 20 20 NUM issue-2267 230 94 22 22 NUM issue-2267 230 95 ja ja PROPN issue-2267 230 96 nju nju PROPN issue-2267 230 97 l l NOUN issue-2267 230 98 2 2 NUM issue-2267 230 99 02 02 NUM issue-2267 230 100 3 3 NUM issue-2267 230 101 d d NOUN issue-2267 230 102 ) ) PUNCT issue-2267 230 103 deals deal NOUN issue-2267 230 104 figure figure VERB issue-2267 230 105 9 9 NUM issue-2267 230 106 . . NOUN issue-2267 230 107 natural natural ADJ issue-2267 230 108 gas gas NOUN issue-2267 230 109 trading trading NOUN issue-2267 230 110 on on ADP issue-2267 230 111 the the DET issue-2267 230 112 ueex ueex PROPN issue-2267 230 113 source source NOUN issue-2267 230 114 : : PUNCT issue-2267 230 115 own own ADJ issue-2267 230 116 development development NOUN issue-2267 230 117 based base VERB issue-2267 230 118 on on ADP issue-2267 230 119 ( ( PUNCT issue-2267 230 120 skat skat NOUN issue-2267 230 121 - - PUNCT issue-2267 230 122 trade trade NOUN issue-2267 230 123 , , PUNCT issue-2267 230 124 multiple multiple ADJ issue-2267 230 125 : : PUNCT issue-2267 230 126 2020 2020 NUM issue-2267 230 127 .. .. SYM issue-2267 230 128 2023 2023 NUM issue-2267 230 129 ; ; PUNCT issue-2267 230 130 ueex ueex NOUN issue-2267 230 131 , , PUNCT issue-2267 230 132 multiple multiple ADJ issue-2267 230 133 : : PUNCT issue-2267 230 134 2020 2020 NUM issue-2267 230 135 .. .. SYM issue-2267 230 136 2021 2021 NUM issue-2267 230 137 , , PUNCT issue-2267 230 138 2021 2021 NUM issue-2267 230 139 .. .. SYM issue-2267 230 140 2023 2023 NUM issue-2267 230 141 ) ) PUNCT issue-2267 230 142 baltic baltic ADJ issue-2267 230 143 journal journal NOUN issue-2267 230 144 of of ADP issue-2267 230 145 economic economic ADJ issue-2267 230 146 studies study NOUN issue-2267 230 147 140 140 NUM issue-2267 230 148 vol vol NOUN issue-2267 230 149 . . PUNCT issue-2267 231 1 9 9 NUM issue-2267 231 2 no no NOUN issue-2267 231 3 . . NOUN issue-2267 231 4 5 5 NUM issue-2267 231 5 , , PUNCT issue-2267 231 6 2023 2023 NUM issue-2267 231 7 since since SCONJ issue-2267 231 8 the the DET issue-2267 231 9 launch launch NOUN issue-2267 231 10 of of ADP issue-2267 231 11 the the DET issue-2267 231 12 natural natural ADJ issue-2267 231 13 gas gas NOUN issue-2267 231 14 market market NOUN issue-2267 231 15 on on ADP issue-2267 231 16 the the DET issue-2267 231 17 ueex ueex NOUN issue-2267 231 18 , , PUNCT issue-2267 231 19 this this DET issue-2267 231 20 segment segment NOUN issue-2267 231 21 has have AUX issue-2267 231 22 developed develop VERB issue-2267 231 23 significantly significantly ADV issue-2267 231 24 and and CCONJ issue-2267 231 25 shown show VERB issue-2267 231 26 an an DET issue-2267 231 27 upward upward ADJ issue-2267 231 28 trend trend NOUN issue-2267 231 29 . . PUNCT issue-2267 232 1 as as ADP issue-2267 232 2 of of ADP issue-2267 232 3 june june PROPN issue-2267 232 4 2021 2021 NUM issue-2267 232 5 , , PUNCT issue-2267 232 6 the the DET issue-2267 232 7 number number NOUN issue-2267 232 8 of of ADP issue-2267 232 9 participants participant NOUN issue-2267 232 10 has have AUX issue-2267 232 11 more more ADV issue-2267 232 12 than than ADP issue-2267 232 13 quadrupled quadruple VERB issue-2267 232 14 and and CCONJ issue-2267 232 15 the the DET issue-2267 232 16 trading trading NOUN issue-2267 232 17 volume volume NOUN issue-2267 232 18 has have AUX issue-2267 232 19 increased increase VERB issue-2267 232 20 from from ADP issue-2267 232 21 388 388 NUM issue-2267 232 22 million million NUM issue-2267 232 23 cm cm NOUN issue-2267 232 24 in in ADP issue-2267 232 25 2019 2019 NUM issue-2267 232 26 to to ADP issue-2267 232 27 2509 2509 NUM issue-2267 232 28 million million NUM issue-2267 232 29 cm cm NOUN issue-2267 232 30 in in ADP issue-2267 232 31 2020 2020 NUM issue-2267 232 32 ( ( PUNCT issue-2267 232 33 see see VERB issue-2267 232 34 figure figure NOUN issue-2267 232 35 9 9 NUM issue-2267 232 36 ) ) PUNCT issue-2267 232 37 . . PUNCT issue-2267 233 1 the the DET issue-2267 233 2 situation situation NOUN issue-2267 233 3 changed change VERB issue-2267 233 4 rapidly rapidly ADV issue-2267 233 5 , , PUNCT issue-2267 233 6 with with ADP issue-2267 233 7 167.5 167.5 NUM issue-2267 233 8 million million NUM issue-2267 233 9 cm cm NOUN issue-2267 233 10 traded trade VERB issue-2267 233 11 in in ADP issue-2267 233 12 2022 2022 NUM issue-2267 233 13 . . PUNCT issue-2267 234 1 during during ADP issue-2267 234 2 the the DET issue-2267 234 3 first first ADJ issue-2267 234 4 months month NOUN issue-2267 234 5 of of ADP issue-2267 234 6 the the DET issue-2267 234 7 full full ADJ issue-2267 234 8 scale scale NOUN issue-2267 234 9 russian russian ADJ issue-2267 234 10 invasion invasion NOUN issue-2267 234 11 , , PUNCT issue-2267 234 12 there there PRON issue-2267 234 13 was be VERB issue-2267 234 14 no no DET issue-2267 234 15 mediumor mediumor NOUN issue-2267 234 16 long long ADJ issue-2267 234 17 - - PUNCT issue-2267 234 18 term term NOUN issue-2267 234 19 trade trade NOUN issue-2267 234 20 , , PUNCT issue-2267 234 21 except except SCONJ issue-2267 234 22 for for ADP issue-2267 234 23 may may PROPN issue-2267 234 24 when when SCONJ issue-2267 234 25 a a DET issue-2267 234 26 small small ADJ issue-2267 234 27 amount amount NOUN issue-2267 234 28 was be AUX issue-2267 234 29 traded trade VERB issue-2267 234 30 ( ( PUNCT issue-2267 234 31 see see VERB issue-2267 234 32 figure figure NOUN issue-2267 234 33 10 10 NUM issue-2267 234 34 ) ) PUNCT issue-2267 234 35 . . PUNCT issue-2267 235 1 the the DET issue-2267 235 2 structure structure NOUN issue-2267 235 3 of of ADP issue-2267 235 4 the the DET issue-2267 235 5 volumes volume NOUN issue-2267 235 6 traded trade VERB issue-2267 235 7 stabilised stabilise VERB issue-2267 235 8 somewhat somewhat ADV issue-2267 235 9 in in ADP issue-2267 235 10 2023 2023 NUM issue-2267 235 11 , , PUNCT issue-2267 235 12 which which PRON issue-2267 235 13 can can AUX issue-2267 235 14 not not PART issue-2267 235 15 be be AUX issue-2267 235 16 said say VERB issue-2267 235 17 for for ADP issue-2267 235 18 the the DET issue-2267 235 19 total total ADJ issue-2267 235 20 volumes volume NOUN issue-2267 235 21 traded trade VERB issue-2267 235 22 . . PUNCT issue-2267 236 1 based base VERB issue-2267 236 2 on on ADP issue-2267 236 3 the the DET issue-2267 236 4 cases case NOUN issue-2267 236 5 analysed analyse VERB issue-2267 236 6 in in ADP issue-2267 236 7 the the DET issue-2267 236 8 previous previous ADJ issue-2267 236 9 section section NOUN issue-2267 236 10 , , PUNCT issue-2267 236 11 it it PRON issue-2267 236 12 is be AUX issue-2267 236 13 possible possible ADJ issue-2267 236 14 to to PART issue-2267 236 15 identify identify VERB issue-2267 236 16 the the DET issue-2267 236 17 components component NOUN issue-2267 236 18 of of ADP issue-2267 236 19 the the DET issue-2267 236 20 successful successful ADJ issue-2267 236 21 development development NOUN issue-2267 236 22 of of ADP issue-2267 236 23 a a DET issue-2267 236 24 natural natural ADJ issue-2267 236 25 gas gas NOUN issue-2267 236 26 trading trading NOUN issue-2267 236 27 exchange exchange NOUN issue-2267 236 28 , , PUNCT issue-2267 236 29 which which PRON issue-2267 236 30 can can AUX issue-2267 236 31 be be AUX issue-2267 236 32 useful useful ADJ issue-2267 236 33 for for ADP issue-2267 236 34 ukraine ukraine NOUN issue-2267 236 35 and and CCONJ issue-2267 236 36 can can AUX issue-2267 236 37 be be AUX issue-2267 236 38 transformed transform VERB issue-2267 236 39 into into ADP issue-2267 236 40 recommendations recommendation NOUN issue-2267 236 41 for for ADP issue-2267 236 42 the the DET issue-2267 236 43 development development NOUN issue-2267 236 44 of of ADP issue-2267 236 45 ueex ueex NOUN issue-2267 236 46 . . PUNCT issue-2267 237 1 first first ADJ issue-2267 237 2 , , PUNCT issue-2267 237 3 diversification diversification NOUN issue-2267 237 4 , , PUNCT issue-2267 237 5 which which PRON issue-2267 237 6 is be AUX issue-2267 237 7 manifested manifest VERB issue-2267 237 8 in in ADP issue-2267 237 9 the the DET issue-2267 237 10 variety variety NOUN issue-2267 237 11 of of ADP issue-2267 237 12 products product NOUN issue-2267 237 13 and and CCONJ issue-2267 237 14 the the DET issue-2267 237 15 involvement involvement NOUN issue-2267 237 16 of of ADP issue-2267 237 17 a a DET issue-2267 237 18 wider wide ADJ issue-2267 237 19 range range NOUN issue-2267 237 20 of of ADP issue-2267 237 21 participants participant NOUN issue-2267 237 22 . . PUNCT issue-2267 238 1 second second ADJ issue-2267 238 2 , , PUNCT issue-2267 238 3 risk risk NOUN issue-2267 238 4 management management NOUN issue-2267 238 5 related relate VERB issue-2267 238 6 to to ADP issue-2267 238 7 the the DET issue-2267 238 8 provision provision NOUN issue-2267 238 9 of of ADP issue-2267 238 10 clearing clearing NOUN issue-2267 238 11 and and CCONJ issue-2267 238 12 settlement settlement NOUN issue-2267 238 13 services service NOUN issue-2267 238 14 , , PUNCT issue-2267 238 15 which which PRON issue-2267 238 16 ensures ensure VERB issue-2267 238 17 the the DET issue-2267 238 18 integrity integrity NOUN issue-2267 238 19 of of ADP issue-2267 238 20 trading trading NOUN issue-2267 238 21 and and CCONJ issue-2267 238 22 helps helps AUX issue-2267 238 23 manage manage VERB issue-2267 238 24 counterparty counterparty NOUN issue-2267 238 25 risk risk NOUN issue-2267 238 26 . . PUNCT issue-2267 239 1 it it PRON issue-2267 239 2 has have AUX issue-2267 239 3 also also ADV issue-2267 239 4 been be AUX issue-2267 239 5 proven prove VERB issue-2267 239 6 to to PART issue-2267 239 7 be be AUX issue-2267 239 8 one one NUM issue-2267 239 9 of of ADP issue-2267 239 10 the the DET issue-2267 239 11 key key ADJ issue-2267 239 12 elements element NOUN issue-2267 239 13 of of ADP issue-2267 239 14 crisis crisis NOUN issue-2267 239 15 resilience resilience NOUN issue-2267 239 16 . . PUNCT issue-2267 240 1 third third ADJ issue-2267 240 2 , , PUNCT issue-2267 240 3 market market NOUN issue-2267 240 4 integration integration NOUN issue-2267 240 5 and and CCONJ issue-2267 240 6 cooperation cooperation NOUN issue-2267 240 7 , , PUNCT issue-2267 240 8 which which PRON issue-2267 240 9 allows allow VERB issue-2267 240 10 participants participant NOUN issue-2267 240 11 to to PART issue-2267 240 12 trade trade VERB issue-2267 240 13 across across ADP issue-2267 240 14 borders border NOUN issue-2267 240 15 . . PUNCT issue-2267 241 1 the the DET issue-2267 241 2 ueex ueex NOUN issue-2267 241 3 is be AUX issue-2267 241 4 already already ADV issue-2267 241 5 on on ADP issue-2267 241 6 the the DET issue-2267 241 7 path path NOUN issue-2267 241 8 to to ADP issue-2267 241 9 european european ADJ issue-2267 241 10 market market NOUN issue-2267 241 11 integration integration NOUN issue-2267 241 12 and and CCONJ issue-2267 241 13 is be AUX issue-2267 241 14 moving move VERB issue-2267 241 15 towards towards ADP issue-2267 241 16 its its PRON issue-2267 241 17 deepening deepening NOUN issue-2267 241 18 , , PUNCT issue-2267 241 19 which which PRON issue-2267 241 20 can can AUX issue-2267 241 21 contribute contribute VERB issue-2267 241 22 to to ADP issue-2267 241 23 the the DET issue-2267 241 24 development development NOUN issue-2267 241 25 of of ADP issue-2267 241 26 a a DET issue-2267 241 27 regional regional ADJ issue-2267 241 28 gas gas NOUN issue-2267 241 29 market market NOUN issue-2267 241 30 and and CCONJ issue-2267 241 31 gas gas NOUN issue-2267 241 32 hub hub NOUN issue-2267 241 33 . . PUNCT issue-2267 242 1 fourth fourth ADJ issue-2267 242 2 , , PUNCT issue-2267 242 3 a a DET issue-2267 242 4 robust robust ADJ issue-2267 242 5 regulatory regulatory ADJ issue-2267 242 6 and and CCONJ issue-2267 242 7 accountability accountability NOUN issue-2267 242 8 system system NOUN issue-2267 242 9 that that PRON issue-2267 242 10 builds build VERB issue-2267 242 11 trust trust NOUN issue-2267 242 12 among among ADP issue-2267 242 13 market market NOUN issue-2267 242 14 participants participant NOUN issue-2267 242 15 . . PUNCT issue-2267 243 1 modern modern ADJ issue-2267 243 2 ukraine ukraine PROPN issue-2267 243 3 lacks lack VERB issue-2267 243 4 reliable reliable ADJ issue-2267 243 5 institutions institution NOUN issue-2267 243 6 at at ADP issue-2267 243 7 a a DET issue-2267 243 8 time time NOUN issue-2267 243 9 when when SCONJ issue-2267 243 10 they they PRON issue-2267 243 11 are be AUX issue-2267 243 12 crucial crucial ADJ issue-2267 243 13 for for ADP issue-2267 243 14 creating create VERB issue-2267 243 15 a a DET issue-2267 243 16 strong strong ADJ issue-2267 243 17 and and CCONJ issue-2267 243 18 competitive competitive ADJ issue-2267 243 19 environment environment NOUN issue-2267 243 20 . . PUNCT issue-2267 244 1 in in ADP issue-2267 244 2 this this DET issue-2267 244 3 context context NOUN issue-2267 244 4 , , PUNCT issue-2267 244 5 the the DET issue-2267 244 6 development development NOUN issue-2267 244 7 of of ADP issue-2267 244 8 exchange exchange NOUN issue-2267 244 9 trading trading NOUN issue-2267 244 10 requires require VERB issue-2267 244 11 a a DET issue-2267 244 12 clear clear ADJ issue-2267 244 13 legal legal ADJ issue-2267 244 14 and and CCONJ issue-2267 244 15 regulatory regulatory ADJ issue-2267 244 16 framework framework NOUN issue-2267 244 17 that that PRON issue-2267 244 18 gives give VERB issue-2267 244 19 market market NOUN issue-2267 244 20 participants participant NOUN issue-2267 244 21 confidence confidence NOUN issue-2267 244 22 in in ADP issue-2267 244 23 its its PRON issue-2267 244 24 integrity integrity NOUN issue-2267 244 25 and and CCONJ issue-2267 244 26 ensures ensure VERB issue-2267 244 27 that that SCONJ issue-2267 244 28 market market NOUN issue-2267 244 29 surveillance surveillance NOUN issue-2267 244 30 mechanisms mechanism NOUN issue-2267 244 31 are be AUX issue-2267 244 32 in in ADP issue-2267 244 33 place place NOUN issue-2267 244 34 to to PART issue-2267 244 35 prevent prevent VERB issue-2267 244 36 market market NOUN issue-2267 244 37 abuse abuse NOUN issue-2267 244 38 . . PUNCT issue-2267 245 1 fifth fifth ADJ issue-2267 245 2 , , PUNCT issue-2267 245 3 digitalisation digitalisation NOUN issue-2267 245 4 related relate VERB issue-2267 245 5 to to ADP issue-2267 245 6 technology technology NOUN issue-2267 245 7 and and CCONJ issue-2267 245 8 electronic electronic ADJ issue-2267 245 9 trading trading NOUN issue-2267 245 10 , , PUNCT issue-2267 245 11 which which PRON issue-2267 245 12 increases increase VERB issue-2267 245 13 market market NOUN issue-2267 245 14 accessibility accessibility NOUN issue-2267 245 15 and and CCONJ issue-2267 245 16 efficiency efficiency NOUN issue-2267 245 17 by by ADP issue-2267 245 18 allowing allow VERB issue-2267 245 19 participants participant NOUN issue-2267 245 20 to to PART issue-2267 245 21 trade trade VERB issue-2267 245 22 in in ADP issue-2267 245 23 real real ADJ issue-2267 245 24 time time NOUN issue-2267 245 25 . . PUNCT issue-2267 246 1 this this PRON issue-2267 246 2 also also ADV issue-2267 246 3 requires require VERB issue-2267 246 4 a a DET issue-2267 246 5 modern modern ADJ issue-2267 246 6 cybersecurity cybersecurity NOUN issue-2267 246 7 system system NOUN issue-2267 246 8 . . PUNCT issue-2267 247 1 7 7 X issue-2267 247 2 . . X issue-2267 247 3 conclusions conclusion NOUN issue-2267 247 4 this this DET issue-2267 247 5 article article NOUN issue-2267 247 6 has have AUX issue-2267 247 7 shown show VERB issue-2267 247 8 an an DET issue-2267 247 9 increase increase NOUN issue-2267 247 10 in in ADP issue-2267 247 11 the the DET issue-2267 247 12 share share NOUN issue-2267 247 13 of of ADP issue-2267 247 14 exchange exchange NOUN issue-2267 247 15 trading trading NOUN issue-2267 247 16 in in ADP issue-2267 247 17 the the DET issue-2267 247 18 european european ADJ issue-2267 247 19 natural natural ADJ issue-2267 247 20 gas gas NOUN issue-2267 247 21 market market NOUN issue-2267 247 22 , , PUNCT issue-2267 247 23 proving prove VERB issue-2267 247 24 the the DET issue-2267 247 25 key key ADJ issue-2267 247 26 role role NOUN issue-2267 247 27 of of ADP issue-2267 247 28 the the DET issue-2267 247 29 exchange exchange NOUN issue-2267 247 30 as as ADP issue-2267 247 31 an an DET issue-2267 247 32 institution institution NOUN issue-2267 247 33 . . PUNCT issue-2267 248 1 the the DET issue-2267 248 2 study study NOUN issue-2267 248 3 of of ADP issue-2267 248 4 the the DET issue-2267 248 5 specific specific ADJ issue-2267 248 6 development development NOUN issue-2267 248 7 of of ADP issue-2267 248 8 the the DET issue-2267 248 9 exchange exchange NOUN issue-2267 248 10 infrastructure infrastructure NOUN issue-2267 248 11 in in ADP issue-2267 248 12 europe europe PROPN issue-2267 248 13 has have AUX issue-2267 248 14 shown show VERB issue-2267 248 15 that that SCONJ issue-2267 248 16 each each DET issue-2267 248 17 country country NOUN issue-2267 248 18 has have VERB issue-2267 248 19 its its PRON issue-2267 248 20 own own ADJ issue-2267 248 21 unique unique ADJ issue-2267 248 22 characteristics characteristic NOUN issue-2267 248 23 in in ADP issue-2267 248 24 the the DET issue-2267 248 25 formation formation NOUN issue-2267 248 26 and and CCONJ issue-2267 248 27 development development NOUN issue-2267 248 28 of of ADP issue-2267 248 29 its its PRON issue-2267 248 30 natural natural ADJ issue-2267 248 31 gas gas NOUN issue-2267 248 32 market market NOUN issue-2267 248 33 . . PUNCT issue-2267 249 1 summarising summarise VERB issue-2267 249 2 the the DET issue-2267 249 3 prerequisites prerequisite NOUN issue-2267 249 4 and and CCONJ issue-2267 249 5 problems problem NOUN issue-2267 249 6 in in ADP issue-2267 249 7 the the DET issue-2267 249 8 development development NOUN issue-2267 249 9 of of ADP issue-2267 249 10 eex eex PROPN issue-2267 249 11 , , PUNCT issue-2267 249 12 cegh cegh VERB issue-2267 249 13 gh gh PROPN issue-2267 249 14 , , PUNCT issue-2267 249 15 gme gme NOUN issue-2267 249 16 , , PUNCT issue-2267 249 17 brm brm NOUN issue-2267 249 18 , , PUNCT issue-2267 249 19 tge tge VERB issue-2267 249 20 , , PUNCT issue-2267 249 21 it it PRON issue-2267 249 22 was be AUX issue-2267 249 23 possible possible ADJ issue-2267 249 24 to to PART issue-2267 249 25 distinguish distinguish VERB issue-2267 249 26 the the DET issue-2267 249 27 elements element NOUN issue-2267 249 28 of of ADP issue-2267 249 29 successful successful ADJ issue-2267 249 30 functioning functioning NOUN issue-2267 249 31 of of ADP issue-2267 249 32 energy energy NOUN issue-2267 249 33 exchanges exchange NOUN issue-2267 249 34 trading trade VERB issue-2267 249 35 natural natural ADJ issue-2267 249 36 gas gas NOUN issue-2267 249 37 , , PUNCT issue-2267 249 38 which which PRON issue-2267 249 39 are be AUX issue-2267 249 40 : : PUNCT issue-2267 249 41 diversification diversification NOUN issue-2267 249 42 of of ADP issue-2267 249 43 the the DET issue-2267 249 44 market market NOUN issue-2267 249 45 and and CCONJ issue-2267 249 46 product product NOUN issue-2267 249 47 portfolios portfolio NOUN issue-2267 249 48 , , PUNCT issue-2267 249 49 integration integration NOUN issue-2267 249 50 into into ADP issue-2267 249 51 the the DET issue-2267 249 52 european european ADJ issue-2267 249 53 market market NOUN issue-2267 249 54 , , PUNCT issue-2267 249 55 reliable reliable ADJ issue-2267 249 56 system system NOUN issue-2267 249 57 of of ADP issue-2267 249 58 control control NOUN issue-2267 249 59 and and CCONJ issue-2267 249 60 accountability accountability NOUN issue-2267 249 61 , , PUNCT issue-2267 249 62 combination combination NOUN issue-2267 249 63 of of ADP issue-2267 249 64 market market NOUN issue-2267 249 65 mechanisms mechanism NOUN issue-2267 249 66 and and CCONJ issue-2267 249 67 state state NOUN issue-2267 249 68 supervision supervision NOUN issue-2267 249 69 , , PUNCT issue-2267 249 70 clearing clearing NOUN issue-2267 249 71 and and CCONJ issue-2267 249 72 settlement settlement NOUN issue-2267 249 73 , , PUNCT issue-2267 249 74 technologies technology NOUN issue-2267 249 75 ensuring ensure VERB issue-2267 249 76 the the DET issue-2267 249 77 most most ADV issue-2267 249 78 efficient efficient ADJ issue-2267 249 79 operation operation NOUN issue-2267 249 80 of of ADP issue-2267 249 81 all all DET issue-2267 249 82 processes process NOUN issue-2267 249 83 . . PUNCT issue-2267 250 1 based base VERB issue-2267 250 2 on on ADP issue-2267 250 3 the the DET issue-2267 250 4 cases case NOUN issue-2267 250 5 of of ADP issue-2267 250 6 romania romania PROPN issue-2267 250 7 and and CCONJ issue-2267 250 8 poland poland PROPN issue-2267 250 9 , , PUNCT issue-2267 250 10 which which PRON issue-2267 250 11 have have VERB issue-2267 250 12 similar similar ADJ issue-2267 250 13 institutional institutional ADJ issue-2267 250 14 and and CCONJ issue-2267 250 15 economic economic ADJ issue-2267 250 16 conditions condition NOUN issue-2267 250 17 to to PART issue-2267 250 18 ukraine ukraine NOUN issue-2267 250 19 , , PUNCT issue-2267 250 20 the the DET issue-2267 250 21 regulatory regulatory ADJ issue-2267 250 22 policy policy NOUN issue-2267 250 23 development development NOUN issue-2267 250 24 was be AUX issue-2267 250 25 determined determined ADJ issue-2267 250 26 to to PART issue-2267 250 27 ensure ensure VERB issue-2267 250 28 a a DET issue-2267 250 29 successful successful ADJ issue-2267 250 30 start start NOUN issue-2267 250 31 of of ADP issue-2267 250 32 gas gas NOUN issue-2267 250 33 exchange exchange NOUN issue-2267 250 34 trading trading NOUN issue-2267 250 35 on on ADP issue-2267 250 36 national national ADJ issue-2267 250 37 markets market NOUN issue-2267 250 38 . . PUNCT issue-2267 251 1 in in ADP issue-2267 251 2 the the DET issue-2267 251 3 first first ADJ issue-2267 251 4 stages stage NOUN issue-2267 251 5 , , PUNCT issue-2267 251 6 the the DET issue-2267 251 7 policy policy NOUN issue-2267 251 8 measures measure NOUN issue-2267 251 9 should should AUX issue-2267 251 10 be be AUX issue-2267 251 11 combined combine VERB issue-2267 251 12 by by ADP issue-2267 251 13 price price NOUN issue-2267 251 14 liberalisation liberalisation NOUN issue-2267 251 15 measures measure NOUN issue-2267 251 16 and and CCONJ issue-2267 251 17 requirements requirement NOUN issue-2267 251 18 for for ADP issue-2267 251 19 mandatory mandatory ADJ issue-2267 251 20 sale sale NOUN issue-2267 251 21 of of ADP issue-2267 251 22 a a DET issue-2267 251 23 certain certain ADJ issue-2267 251 24 share share NOUN issue-2267 251 25 of of ADP issue-2267 251 26 gas gas NOUN issue-2267 251 27 on on ADP issue-2267 251 28 the the DET issue-2267 251 29 exchange exchange NOUN issue-2267 251 30 market market NOUN issue-2267 251 31 . . PUNCT issue-2267 252 1 in in ADP issue-2267 252 2 the the DET issue-2267 252 3 following following ADJ issue-2267 252 4 stages stage NOUN issue-2267 252 5 , , PUNCT issue-2267 252 6 policy policy NOUN issue-2267 252 7 development development NOUN issue-2267 252 8 should should AUX issue-2267 252 9 require require VERB issue-2267 252 10 the the DET issue-2267 252 11 coordination coordination NOUN issue-2267 252 12 of of ADP issue-2267 252 13 price price NOUN issue-2267 252 14 fluctuation fluctuation NOUN issue-2267 252 15 compensators compensator NOUN issue-2267 252 16 and and CCONJ issue-2267 252 17 measures measure NOUN issue-2267 252 18 to to PART issue-2267 252 19 develop develop VERB issue-2267 252 20 infrastructure infrastructure NOUN issue-2267 252 21 and and CCONJ issue-2267 252 22 instruments instrument NOUN issue-2267 252 23 ( ( PUNCT issue-2267 252 24 futures future NOUN issue-2267 252 25 , , PUNCT issue-2267 252 26 forwards forward NOUN issue-2267 252 27 , , PUNCT issue-2267 252 28 clearing clearing NOUN issue-2267 252 29 services service NOUN issue-2267 252 30 , , PUNCT issue-2267 252 31 etc etc X issue-2267 252 32 . . X issue-2267 252 33 ) ) PUNCT issue-2267 252 34 . . PUNCT issue-2267 253 1 it it PRON issue-2267 253 2 is be AUX issue-2267 253 3 also also ADV issue-2267 253 4 important important ADJ issue-2267 253 5 to to PART issue-2267 253 6 emphasise emphasise VERB issue-2267 253 7 that that DET issue-2267 253 8 cooperation cooperation NOUN issue-2267 253 9 and and CCONJ issue-2267 253 10 integration integration NOUN issue-2267 253 11 into into ADP issue-2267 253 12 0 0 NUM issue-2267 253 13 % % NOUN issue-2267 253 14 20 20 NUM issue-2267 253 15 % % NOUN issue-2267 253 16 40 40 NUM issue-2267 253 17 % % NOUN issue-2267 253 18 60 60 NUM issue-2267 253 19 % % NOUN issue-2267 253 20 80 80 NUM issue-2267 253 21 % % NOUN issue-2267 253 22 100 100 NUM issue-2267 253 23 % % NOUN issue-2267 253 24 08 08 NUM issue-2267 253 25 ' ' NUM issue-2267 253 26 2 2 NUM issue-2267 253 27 02 02 NUM issue-2267 253 28 0 0 NUM issue-2267 253 29 10 10 NUM issue-2267 253 30 ' ' NUM issue-2267 253 31 2 2 NUM issue-2267 253 32 02 02 NUM issue-2267 253 33 0 0 NUM issue-2267 253 34 12 12 NUM issue-2267 253 35 ' ' NUM issue-2267 253 36 2 2 NUM issue-2267 253 37 02 02 NUM issue-2267 253 38 0 0 NUM issue-2267 253 39 02 02 NUM issue-2267 253 40 ' ' NUM issue-2267 253 41 2 2 NUM issue-2267 253 42 02 02 NUM issue-2267 253 43 1 1 NUM issue-2267 253 44 04 04 NUM issue-2267 253 45 ' ' NUM issue-2267 253 46 2 2 NUM issue-2267 253 47 02 02 NUM issue-2267 253 48 1 1 NUM issue-2267 253 49 06 06 NUM issue-2267 253 50 ' ' NUM issue-2267 253 51 2 2 NUM issue-2267 253 52 02 02 NUM issue-2267 253 53 1 1 NUM issue-2267 253 54 08 08 NUM issue-2267 253 55 ' ' NUM issue-2267 253 56 2 2 NUM issue-2267 253 57 02 02 NUM issue-2267 253 58 1 1 NUM issue-2267 253 59 10 10 NUM issue-2267 253 60 ' ' NUM issue-2267 253 61 2 2 NUM issue-2267 253 62 02 02 NUM issue-2267 253 63 1 1 NUM issue-2267 253 64 12 12 NUM issue-2267 253 65 ' ' NUM issue-2267 253 66 2 2 NUM issue-2267 253 67 02 02 NUM issue-2267 253 68 1 1 NUM issue-2267 253 69 03 03 NUM issue-2267 253 70 ' ' NUM issue-2267 253 71 2 2 NUM issue-2267 253 72 02 02 NUM issue-2267 253 73 2 2 NUM issue-2267 253 74 05 05 NUM issue-2267 253 75 ' ' NUM issue-2267 253 76 2 2 NUM issue-2267 253 77 02 02 NUM issue-2267 253 78 2 2 NUM issue-2267 253 79 07 07 NUM issue-2267 253 80 ' ' NUM issue-2267 253 81 2 2 NUM issue-2267 253 82 02 02 NUM issue-2267 253 83 2 2 NUM issue-2267 253 84 09 09 NUM issue-2267 253 85 ' ' NUM issue-2267 253 86 2 2 NUM issue-2267 253 87 02 02 NUM issue-2267 253 88 2 2 NUM issue-2267 253 89 11 11 NUM issue-2267 253 90 ' ' NUM issue-2267 253 91 2 2 NUM issue-2267 253 92 02 02 NUM issue-2267 253 93 2 2 NUM issue-2267 253 94 01 01 NUM issue-2267 253 95 ' ' NUM issue-2267 253 96 2 2 NUM issue-2267 253 97 02 02 NUM issue-2267 253 98 3 3 NUM issue-2267 253 99 03 03 NUM issue-2267 253 100 ' ' NUM issue-2267 253 101 2 2 NUM issue-2267 253 102 02 02 NUM issue-2267 253 103 3 3 NUM issue-2267 253 104 05 05 NUM issue-2267 253 105 ' ' NUM issue-2267 253 106 2 2 NUM issue-2267 253 107 02 02 NUM issue-2267 253 108 3 3 NUM issue-2267 253 109 07 07 NUM issue-2267 253 110 ' ' NUM issue-2267 253 111 2 2 NUM issue-2267 253 112 02 02 NUM issue-2267 253 113 3 3 NUM issue-2267 253 114 midand midand NOUN issue-2267 253 115 long long ADJ issue-2267 253 116 - - PUNCT issue-2267 253 117 term term NOUN issue-2267 253 118 short short ADJ issue-2267 253 119 - - PUNCT issue-2267 253 120 term term NOUN issue-2267 253 121 figure figure NOUN issue-2267 253 122 10 10 NUM issue-2267 253 123 . . PUNCT issue-2267 254 1 ueex ueex NOUN issue-2267 254 2 : : PUNCT issue-2267 254 3 structure structure NOUN issue-2267 254 4 of of ADP issue-2267 254 5 natural natural ADJ issue-2267 254 6 gas gas NOUN issue-2267 254 7 trading trading NOUN issue-2267 254 8 volumes volume NOUN issue-2267 254 9 source source NOUN issue-2267 254 10 : : PUNCT issue-2267 254 11 own own ADJ issue-2267 254 12 development development NOUN issue-2267 254 13 based base VERB issue-2267 254 14 on on ADP issue-2267 254 15 ( ( PUNCT issue-2267 254 16 skat skat NOUN issue-2267 254 17 - - PUNCT issue-2267 254 18 trade trade NOUN issue-2267 254 19 , , PUNCT issue-2267 254 20 multiple multiple ADJ issue-2267 254 21 : : PUNCT issue-2267 254 22 2020 2020 NUM issue-2267 254 23 .. .. SYM issue-2267 254 24 2023 2023 NUM issue-2267 254 25 ; ; PUNCT issue-2267 254 26 ueex ueex NOUN issue-2267 254 27 , , PUNCT issue-2267 254 28 2021 2021 NUM issue-2267 254 29 .. .. PUNCT issue-2267 254 30 2023 2023 NUM issue-2267 254 31 ) ) PUNCT issue-2267 254 32 baltic baltic ADJ issue-2267 254 33 journal journal NOUN issue-2267 254 34 of of ADP issue-2267 254 35 economic economic ADJ issue-2267 254 36 studies study NOUN issue-2267 254 37 141 141 NUM issue-2267 254 38 vol vol NOUN issue-2267 254 39 . . PUNCT issue-2267 255 1 9 9 NUM issue-2267 255 2 no no NOUN issue-2267 255 3 . . NOUN issue-2267 255 4 5 5 NUM issue-2267 255 5 , , PUNCT issue-2267 255 6 2023 2023 NUM issue-2267 255 7 a a DET issue-2267 255 8 wider wide ADJ issue-2267 255 9 market market NOUN issue-2267 255 10 leads lead VERB issue-2267 255 11 to to ADP issue-2267 255 12 growth growth NOUN issue-2267 255 13 of of ADP issue-2267 255 14 exchanges exchange NOUN issue-2267 255 15 , , PUNCT issue-2267 255 16 as as SCONJ issue-2267 255 17 shown show VERB issue-2267 255 18 by by ADP issue-2267 255 19 the the DET issue-2267 255 20 german german ADJ issue-2267 255 21 and and CCONJ issue-2267 255 22 austrian austrian ADJ issue-2267 255 23 cases case NOUN issue-2267 255 24 . . PUNCT issue-2267 256 1 there there PRON issue-2267 256 2 are be VERB issue-2267 256 3 significant significant ADJ issue-2267 256 4 threats threat NOUN issue-2267 256 5 to to ADP issue-2267 256 6 the the DET issue-2267 256 7 functioning functioning NOUN issue-2267 256 8 of of ADP issue-2267 256 9 the the DET issue-2267 256 10 market market NOUN issue-2267 256 11 under under ADP issue-2267 256 12 conditions condition NOUN issue-2267 256 13 of of ADP issue-2267 256 14 full full ADJ issue-2267 256 15 - - PUNCT issue-2267 256 16 scale scale NOUN issue-2267 256 17 war war NOUN issue-2267 256 18 . . PUNCT issue-2267 257 1 at at ADP issue-2267 257 2 the the DET issue-2267 257 3 same same ADJ issue-2267 257 4 time time NOUN issue-2267 257 5 , , PUNCT issue-2267 257 6 ukraine ukraine PROPN issue-2267 257 7 has have VERB issue-2267 257 8 the the DET issue-2267 257 9 prerequisites prerequisite NOUN issue-2267 257 10 and and CCONJ issue-2267 257 11 potential potential NOUN issue-2267 257 12 for for ADP issue-2267 257 13 the the DET issue-2267 257 14 functioning functioning NOUN issue-2267 257 15 of of ADP issue-2267 257 16 the the DET issue-2267 257 17 natural natural ADJ issue-2267 257 18 gas gas NOUN issue-2267 257 19 market market NOUN issue-2267 257 20 on on ADP issue-2267 257 21 a a DET issue-2267 257 22 liberal liberal ADJ issue-2267 257 23 basis basis NOUN issue-2267 257 24 , , PUNCT issue-2267 257 25 as as SCONJ issue-2267 257 26 evidenced evidence VERB issue-2267 257 27 by by ADP issue-2267 257 28 the the DET issue-2267 257 29 data datum NOUN issue-2267 257 30 presented present VERB issue-2267 257 31 in in ADP issue-2267 257 32 the the DET issue-2267 257 33 article article NOUN issue-2267 257 34 . . PUNCT issue-2267 258 1 it it PRON issue-2267 258 2 requires require VERB issue-2267 258 3 a a DET issue-2267 258 4 continuous continuous ADJ issue-2267 258 5 process process NOUN issue-2267 258 6 of of ADP issue-2267 258 7 ensuring ensure VERB issue-2267 258 8 institutional institutional ADJ issue-2267 258 9 conditions condition NOUN issue-2267 258 10 for for ADP issue-2267 258 11 the the DET issue-2267 258 12 functioning functioning NOUN issue-2267 258 13 of of ADP issue-2267 258 14 the the DET issue-2267 258 15 gas gas NOUN issue-2267 258 16 exchange exchange NOUN issue-2267 258 17 as as ADP issue-2267 258 18 a a DET issue-2267 258 19 stable stable ADJ issue-2267 258 20 and and CCONJ issue-2267 258 21 reliable reliable ADJ issue-2267 258 22 institution institution NOUN issue-2267 258 23 . . PUNCT issue-2267 259 1 references reference NOUN issue-2267 259 2 : : PUNCT issue-2267 259 3 acer acer NOUN issue-2267 259 4 ( ( PUNCT issue-2267 259 5 multiple multiple ADJ issue-2267 259 6 : : PUNCT issue-2267 259 7 2017 2017 NUM issue-2267 259 8 .. .. SYM issue-2267 259 9 2019 2019 NUM issue-2267 259 10 ) ) PUNCT issue-2267 259 11 . . PUNCT issue-2267 260 1 acer acer NOUN issue-2267 260 2 - - PUNCT issue-2267 260 3 ceer ceer NOUN issue-2267 260 4 market market NOUN issue-2267 260 5 monitoring monitoring NOUN issue-2267 260 6 reports report NOUN issue-2267 260 7 – – PUNCT issue-2267 260 8 gas gas NOUN issue-2267 260 9 wholesale wholesale NOUN issue-2267 260 10 market market NOUN issue-2267 260 11 volume volume NOUN issue-2267 260 12 2016 2016 NUM issue-2267 260 13 .. .. SYM issue-2267 260 14 2018 2018 NUM issue-2267 260 15 . . PUNCT issue-2267 261 1 retrieved retrieve VERB issue-2267 261 2 16.09.2023 16.09.2023 NUM issue-2267 261 3 from from ADP issue-2267 261 4 https://www.acer.europa.eu/electricity/market-monitoring-report https://www.acer.europa.eu/electricity/market-monitoring-report NOUN issue-2267 261 5 acer acer NOUN issue-2267 261 6 ( ( PUNCT issue-2267 261 7 2023 2023 NUM issue-2267 261 8 ) ) PUNCT issue-2267 261 9 . . PUNCT issue-2267 262 1 acer acer NOUN issue-2267 262 2 market market NOUN issue-2267 262 3 correction correction NOUN issue-2267 262 4 mechanism mechanism NOUN issue-2267 262 5 : : PUNCT issue-2267 262 6 preliminary preliminary ADJ issue-2267 262 7 data datum NOUN issue-2267 262 8 report report NOUN issue-2267 262 9 . . PUNCT issue-2267 263 1 retrieved retrieve VERB issue-2267 263 2 16.09.2023 16.09.2023 NUM issue-2267 263 3 from from ADP issue-2267 263 4 https://acer.europa.eu/publications/acer_preliminaryreport_mcm.pdf https://acer.europa.eu/publications/acer_preliminaryreport_mcm.pdf PROPN issue-2267 263 5 almeida almeida PROPN issue-2267 263 6 , , PUNCT issue-2267 263 7 i. i. PROPN issue-2267 263 8 , , PUNCT issue-2267 263 9 & & CCONJ issue-2267 263 10 starn starn PROPN issue-2267 263 11 , , PUNCT issue-2267 263 12 j. j. PROPN issue-2267 263 13 ( ( PUNCT issue-2267 263 14 2022 2022 NUM issue-2267 263 15 , , PUNCT issue-2267 263 16 january january PROPN issue-2267 263 17 7 7 NUM issue-2267 263 18 ) ) PUNCT issue-2267 263 19 . . PUNCT issue-2267 264 1 world world NOUN issue-2267 264 2 ’s ’s PART issue-2267 264 3 top top ADJ issue-2267 264 4 exchanges exchange NOUN issue-2267 264 5 are be AUX issue-2267 264 6 benefiting benefit VERB issue-2267 264 7 from from ADP issue-2267 264 8 europe europe PROPN issue-2267 264 9 ’s ’s PART issue-2267 264 10 energy energy NOUN issue-2267 264 11 crunch crunch NOUN issue-2267 264 12 . . PUNCT issue-2267 265 1 bloomberg bloomberg PROPN issue-2267 265 2 . . PUNCT issue-2267 265 3 retrieved retrieve VERB issue-2267 265 4 14.09.2023 14.09.2023 NUM issue-2267 265 5 from from ADP issue-2267 265 6 https://www.bloomberg.com/news/articles/2022-01-07/energy-tradersfind-refuge-in-exchanges-as-volatility-fuels-fear https://www.bloomberg.com/news/articles/2022-01-07/energy-tradersfind-refuge-in-exchanges-as-volatility-fuels-fear ADJ issue-2267 265 7 anre anre NOUN issue-2267 265 8 ( ( PUNCT issue-2267 265 9 2020 2020 NUM issue-2267 265 10 ) ) PUNCT issue-2267 265 11 . . PUNCT issue-2267 266 1 annual annual ADJ issue-2267 266 2 report report NOUN issue-2267 266 3 . . PUNCT issue-2267 267 1 retrieved retrieve VERB issue-2267 267 2 16.09.2023 16.09.2023 NUM issue-2267 267 3 from from ADP issue-2267 267 4 https://anre.ro/despre/rapoarte/ https://anre.ro/despre/rapoarte/ ADV issue-2267 267 5 ballak ballak NOUN issue-2267 267 6 , , PUNCT issue-2267 267 7 m. m. NOUN issue-2267 267 8 ( ( PUNCT issue-2267 267 9 2022 2022 NUM issue-2267 267 10 ) ) PUNCT issue-2267 267 11 . . PUNCT issue-2267 268 1 wyzwania wyzwania PROPN issue-2267 268 2 polityki polityki PROPN issue-2267 268 3 energetycznej energetycznej PROPN issue-2267 268 4 polski polski NOUN issue-2267 268 5 do do VERB issue-2267 268 6 2040 2040 NUM issue-2267 268 7 roku roku NOUN issue-2267 268 8 . . PUNCT issue-2267 269 1 in in ADP issue-2267 269 2 wybrane wybrane NOUN issue-2267 269 3 przyrodnicze przyrodnicze NOUN issue-2267 269 4 i i PRON issue-2267 269 5 prawnoadministracyjne prawnoadministracyjne VERB issue-2267 269 6 aspekty aspekty PROPN issue-2267 269 7 energetyki energetyki PRON issue-2267 269 8 odnawialnej odnawialnej PROPN issue-2267 269 9 w w PROPN issue-2267 269 10 polsce polsce NOUN issue-2267 270 1 ( ( PUNCT issue-2267 270 2 pp pp ADJ issue-2267 270 3 . . PUNCT issue-2267 271 1 61–82 61–82 NUM issue-2267 271 2 ) ) PUNCT issue-2267 271 3 . . PUNCT issue-2267 272 1 bublyk bublyk NOUN issue-2267 272 2 , , PUNCT issue-2267 272 3 y. y. PROPN issue-2267 272 4 , , PUNCT issue-2267 272 5 kurbet kurbet PROPN issue-2267 272 6 , , PUNCT issue-2267 272 7 o. o. PROPN issue-2267 272 8 , , PUNCT issue-2267 272 9 & & CCONJ issue-2267 272 10 yukhymets yukhymet NOUN issue-2267 272 11 , , PUNCT issue-2267 272 12 r. r. PROPN issue-2267 272 13 ( ( PUNCT issue-2267 272 14 2022 2022 NUM issue-2267 272 15 ) ) PUNCT issue-2267 272 16 . . PUNCT issue-2267 273 1 gas gas NOUN issue-2267 273 2 futures future NOUN issue-2267 273 3 as as ADP issue-2267 273 4 a a DET issue-2267 273 5 factor factor NOUN issue-2267 273 6 of of ADP issue-2267 273 7 the the DET issue-2267 273 8 ukrainian ukrainian ADJ issue-2267 273 9 capital capital NOUN issue-2267 273 10 market market NOUN issue-2267 273 11 development development NOUN issue-2267 273 12 . . PUNCT issue-2267 274 1 investment investment NOUN issue-2267 274 2 management management NOUN issue-2267 274 3 and and CCONJ issue-2267 274 4 financial financial ADJ issue-2267 274 5 innovations innovation NOUN issue-2267 274 6 , , PUNCT issue-2267 274 7 19(4 19(4 PROPN issue-2267 274 8 ) ) PUNCT issue-2267 274 9 , , PUNCT issue-2267 274 10 193–206 193–206 NUM issue-2267 274 11 . . PUNCT issue-2267 275 1 doi doi NOUN issue-2267 275 2 : : PUNCT issue-2267 275 3 https://doi.org/10.21511/ https://doi.org/10.21511/ PROPN issue-2267 275 4 imfi.19(4).2022.16 imfi.19(4).2022.16 PROPN issue-2267 275 5 capece capece PROPN issue-2267 275 6 , , PUNCT issue-2267 275 7 g. g. PROPN issue-2267 275 8 ( ( PUNCT issue-2267 275 9 2014 2014 NUM issue-2267 275 10 ) ) PUNCT issue-2267 275 11 . . PUNCT issue-2267 276 1 the the DET issue-2267 276 2 evolution evolution NOUN issue-2267 276 3 of of ADP issue-2267 276 4 the the DET issue-2267 276 5 natural natural ADJ issue-2267 276 6 gas gas NOUN issue-2267 276 7 supply supply NOUN issue-2267 276 8 in in ADP issue-2267 276 9 italy italy PROPN issue-2267 276 10 : : PUNCT issue-2267 276 11 from from ADP issue-2267 276 12 the the DET issue-2267 276 13 virtual virtual ADJ issue-2267 276 14 trading trading NOUN issue-2267 276 15 point point NOUN issue-2267 276 16 to to ADP issue-2267 276 17 the the DET issue-2267 276 18 gas gas NOUN issue-2267 276 19 exchange exchange NOUN issue-2267 276 20 . . PUNCT issue-2267 277 1 procedia procedia NOUN issue-2267 277 2 – – PUNCT issue-2267 277 3 social social ADJ issue-2267 277 4 and and CCONJ issue-2267 277 5 behavioral behavioral ADJ issue-2267 277 6 sciences science NOUN issue-2267 277 7 , , PUNCT issue-2267 277 8 109 109 NUM issue-2267 277 9 , , PUNCT issue-2267 277 10 210–214 210–214 NUM issue-2267 277 11 . . PUNCT issue-2267 278 1 doi doi NOUN issue-2267 278 2 : : PUNCT issue-2267 278 3 https://doi.org/10.1016/ https://doi.org/10.1016/ PROPN issue-2267 278 4 j.sbspro.2013.12.446 j.sbspro.2013.12.446 PROPN issue-2267 278 5 cegh cegh PROPN issue-2267 278 6 ( ( PUNCT issue-2267 278 7 n.d n.d PROPN issue-2267 278 8 . . PROPN issue-2267 278 9 ) ) PUNCT issue-2267 278 10 . . PUNCT issue-2267 279 1 exchange exchange NOUN issue-2267 279 2 market market NOUN issue-2267 279 3 . . PUNCT issue-2267 280 1 retrieved retrieve VERB issue-2267 280 2 16.09.2023 16.09.2023 NUM issue-2267 280 3 from from ADP issue-2267 280 4 https://www.cegh.at/en/exchange-market/ https://www.cegh.at/en/exchange-market/ PROPN issue-2267 280 5 cegh cegh VERB issue-2267 280 6 ( ( PUNCT issue-2267 280 7 multiple multiple ADJ issue-2267 280 8 : : PUNCT issue-2267 280 9 2020 2020 NUM issue-2267 280 10 .. .. SYM issue-2267 280 11 2023 2023 NUM issue-2267 280 12 ) ) PUNCT issue-2267 280 13 . . PUNCT issue-2267 281 1 press press NOUN issue-2267 281 2 releases release NOUN issue-2267 281 3 2019 2019 NUM issue-2267 281 4 .. .. SYM issue-2267 281 5 2022 2022 NUM issue-2267 281 6 . . PUNCT issue-2267 282 1 retrieved retrieve VERB issue-2267 282 2 16.09.2023 16.09.2023 NUM issue-2267 282 3 from from ADP issue-2267 282 4 https://www.cegh.at/ https://www.cegh.at/ NUM issue-2267 282 5 en en PROPN issue-2267 282 6 / / SYM issue-2267 282 7 news/ news/ NUM issue-2267 282 8 ciot ciot NOUN issue-2267 282 9 , , PUNCT issue-2267 282 10 m.-g m.-g PROPN issue-2267 282 11 . . PUNCT issue-2267 283 1 ( ( PUNCT issue-2267 283 2 2021 2021 NUM issue-2267 283 3 ) ) PUNCT issue-2267 283 4 . . PUNCT issue-2267 284 1 on on ADP issue-2267 284 2 european european PROPN issue-2267 284 3 green green PROPN issue-2267 284 4 deal deal NOUN issue-2267 284 5 and and CCONJ issue-2267 284 6 sustainable sustainable ADJ issue-2267 284 7 development development NOUN issue-2267 284 8 policy policy NOUN issue-2267 284 9 ( ( PUNCT issue-2267 284 10 the the DET issue-2267 284 11 case case NOUN issue-2267 284 12 of of ADP issue-2267 284 13 romania romania PROPN issue-2267 284 14 ) ) PUNCT issue-2267 284 15 . . PUNCT issue-2267 285 1 sustainability sustainability NOUN issue-2267 285 2 , , PUNCT issue-2267 285 3 13 13 NUM issue-2267 285 4 , , PUNCT issue-2267 285 5 12233 12233 NUM issue-2267 285 6 . . PUNCT issue-2267 286 1 doi doi NOUN issue-2267 286 2 : : PUNCT issue-2267 286 3 https://doi.org/10.3390/su132112233 https://doi.org/10.3390/su132112233 PROPN issue-2267 286 4 dergachova dergachova PROPN issue-2267 286 5 , , PUNCT issue-2267 286 6 v. v. PROPN issue-2267 286 7 , , PUNCT issue-2267 286 8 kravchenko kravchenko PROPN issue-2267 286 9 , , PUNCT issue-2267 286 10 m. m. NOUN issue-2267 286 11 , , PUNCT issue-2267 286 12 kuznietsova kuznietsova PROPN issue-2267 286 13 , , PUNCT issue-2267 286 14 k. k. PROPN issue-2267 286 15 , , PUNCT issue-2267 286 16 & & CCONJ issue-2267 286 17 kotsko kotsko PROPN issue-2267 286 18 , , PUNCT issue-2267 286 19 t. t. PROPN issue-2267 286 20 ( ( PUNCT issue-2267 286 21 2020 2020 NUM issue-2267 286 22 ) ) PUNCT issue-2267 286 23 . . PUNCT issue-2267 287 1 ukraine ukraine PROPN issue-2267 287 2 ’s ’s PART issue-2267 287 3 energy energy NOUN issue-2267 287 4 policy policy NOUN issue-2267 287 5 : : PUNCT issue-2267 287 6 analysis analysis NOUN issue-2267 287 7 and and CCONJ issue-2267 287 8 development development NOUN issue-2267 287 9 strategy strategy NOUN issue-2267 287 10 . . PUNCT issue-2267 288 1 polityka polityka ADJ issue-2267 288 2 energetyczna energetyczna NOUN issue-2267 288 3 – – PUNCT issue-2267 288 4 energy energy NOUN issue-2267 288 5 policy policy NOUN issue-2267 288 6 journal journal NOUN issue-2267 288 7 , , PUNCT issue-2267 288 8 23(4 23(4 NOUN issue-2267 288 9 ) ) PUNCT issue-2267 288 10 , , PUNCT issue-2267 288 11 67–90 67–90 NOUN issue-2267 288 12 . . PUNCT issue-2267 289 1 doi doi NOUN issue-2267 289 2 : : PUNCT issue-2267 289 3 https://doi.org/ https://doi.org/ NOUN issue-2267 289 4 10.33223 10.33223 NUM issue-2267 289 5 / / SYM issue-2267 289 6 epj/128598 epj/128598 ADJ issue-2267 289 7 ecc ecc PROPN issue-2267 289 8 ( ( PUNCT issue-2267 289 9 n.d n.d PROPN issue-2267 289 10 . . PROPN issue-2267 289 11 ) ) PUNCT issue-2267 289 12 . . PUNCT issue-2267 290 1 partner partner NOUN issue-2267 290 2 exchanges exchange NOUN issue-2267 290 3 and and CCONJ issue-2267 290 4 products product NOUN issue-2267 290 5 . . PUNCT issue-2267 291 1 retrieved retrieve VERB issue-2267 291 2 16.09.2023 16.09.2023 NUM issue-2267 291 3 from from ADP issue-2267 291 4 https://www.ecc.de/en/clearing/partnerexchanges-and-products https://www.ecc.de/en/clearing/partnerexchanges-and-product NOUN issue-2267 291 5 eex eex NOUN issue-2267 291 6 ( ( PUNCT issue-2267 291 7 multiple multiple ADJ issue-2267 291 8 : : PUNCT issue-2267 291 9 2008 2008 NUM issue-2267 291 10 .. .. SYM issue-2267 291 11 2017 2017 NUM issue-2267 291 12 ) ) PUNCT issue-2267 291 13 . . PUNCT issue-2267 292 1 annual annual ADJ issue-2267 292 2 reports report NOUN issue-2267 292 3 2007 2007 NUM issue-2267 292 4 .. .. SYM issue-2267 292 5 2016 2016 NUM issue-2267 292 6 . . PUNCT issue-2267 293 1 retrieved retrieve VERB issue-2267 293 2 16.09.2023 16.09.2023 NUM issue-2267 293 3 from from ADP issue-2267 293 4 https://www.eex.com/en/ https://www.eex.com/en/ PROPN issue-2267 293 5 search?tx_solr%5bq%5d search?tx_solr%5bq%5d PROPN issue-2267 293 6 = = NOUN issue-2267 293 7 eex+annual+report eex+annual+report NOUN issue-2267 293 8 eex eex NOUN issue-2267 293 9 group group NOUN issue-2267 293 10 ( ( PUNCT issue-2267 293 11 multiple multiple ADJ issue-2267 293 12 : : PUNCT issue-2267 293 13 2018 2018 NUM issue-2267 293 14 .. .. PUNCT issue-2267 293 15 2022 2022 NUM issue-2267 293 16 ) ) PUNCT issue-2267 293 17 . . PUNCT issue-2267 294 1 annual annual ADJ issue-2267 294 2 reports report NOUN issue-2267 294 3 2017 2017 NUM issue-2267 294 4 .. .. SYM issue-2267 294 5 2021 2021 NUM issue-2267 294 6 . . PUNCT issue-2267 295 1 retrieved retrieve VERB issue-2267 295 2 16.09.2023 16.09.2023 NUM issue-2267 295 3 from from ADP issue-2267 295 4 https://www.eex-group.com/en/corporate-reports/annual-reports-history https://www.eex-group.com/en/corporate-reports/annual-reports-history NOUN issue-2267 295 5 eex eex PROPN issue-2267 295 6 group group NOUN issue-2267 295 7 ( ( PUNCT issue-2267 295 8 multiple multiple ADJ issue-2267 295 9 : : PUNCT issue-2267 295 10 2022 2022 NUM issue-2267 295 11 .. .. PUNCT issue-2267 295 12 2023 2023 NUM issue-2267 295 13 ) ) PUNCT issue-2267 295 14 . . PUNCT issue-2267 296 1 monthly monthly ADJ issue-2267 296 2 volume volume NOUN issue-2267 296 3 reports report VERB issue-2267 296 4 january january PROPN issue-2267 296 5 2022 2022 NUM issue-2267 296 6 .. .. PUNCT issue-2267 296 7 august august PROPN issue-2267 296 8 2023 2023 NUM issue-2267 296 9 . . PUNCT issue-2267 297 1 retrieved retrieve VERB issue-2267 297 2 16.09.2023 16.09.2023 NUM issue-2267 297 3 from from ADP issue-2267 297 4 https://www.eex-group.com/en/corporate-reports/monthly-volume-reports https://www.eex-group.com/en/corporate-reports/monthly-volume-report NOUN issue-2267 297 5 energy energy NOUN issue-2267 297 6 community community NOUN issue-2267 297 7 ( ( PUNCT issue-2267 297 8 2021 2021 NUM issue-2267 297 9 ) ) PUNCT issue-2267 297 10 . . PUNCT issue-2267 298 1 seegas seegas PROPN issue-2267 298 2 joint joint ADJ issue-2267 298 3 - - PUNCT issue-2267 298 4 steering steer VERB issue-2267 298 5 committee committee NOUN issue-2267 298 6 meeting meeting NOUN issue-2267 298 7 . . PUNCT issue-2267 299 1 retrieved retrieve VERB issue-2267 299 2 16.09.2023 16.09.2023 NUM issue-2267 299 3 from from ADP issue-2267 299 4 https://www.energy-community.org/dam/jcr:1e069ff8-6f1f-4d90-aa80-f181f1d7cbd8/16092021_seegas https://www.energy-community.org/dam/jcr:1e069ff8-6f1f-4d90-aa80-f181f1d7cbd8/16092021_seegas NOUN issue-2267 299 5 _ _ PRON issue-2267 299 6 cegh.pdf cegh.pdf X issue-2267 299 7 gme gme NOUN issue-2267 299 8 ( ( PUNCT issue-2267 299 9 multiple multiple ADJ issue-2267 299 10 : : PUNCT issue-2267 299 11 2022 2022 NUM issue-2267 299 12 .. .. PUNCT issue-2267 299 13 2023 2023 NUM issue-2267 299 14 ) ) PUNCT issue-2267 299 15 . . PUNCT issue-2267 300 1 annual annual ADJ issue-2267 300 2 reports report NOUN issue-2267 300 3 2021 2021 NUM issue-2267 300 4 .. .. SYM issue-2267 300 5 2022 2022 NUM issue-2267 300 6 . . PUNCT issue-2267 300 7 retrieved retrieve VERB issue-2267 300 8 16.09.2023 16.09.2023 NUM issue-2267 300 9 from from ADP issue-2267 300 10 https://www.mercatoelettrico.org https://www.mercatoelettrico.org PROPN issue-2267 300 11 hamie hamie PROPN issue-2267 300 12 , , PUNCT issue-2267 300 13 h. h. PROPN issue-2267 300 14 , , PUNCT issue-2267 300 15 hoayek hoayek NOUN issue-2267 300 16 , , PUNCT issue-2267 300 17 a. a. NOUN issue-2267 300 18 , , PUNCT issue-2267 300 19 & & CCONJ issue-2267 300 20 auer auer PROPN issue-2267 300 21 , , PUNCT issue-2267 300 22 h. h. PROPN issue-2267 300 23 ( ( PUNCT issue-2267 300 24 2021 2021 NUM issue-2267 300 25 ) ) PUNCT issue-2267 300 26 . . PUNCT issue-2267 301 1 modeling model VERB issue-2267 301 2 post post ADJ issue-2267 301 3 - - ADJ issue-2267 301 4 liberalised liberalised ADJ issue-2267 301 5 european european ADJ issue-2267 301 6 gas gas NOUN issue-2267 301 7 market market NOUN issue-2267 301 8 concentration concentration NOUN issue-2267 301 9 – – PUNCT issue-2267 301 10 a a DET issue-2267 301 11 game game NOUN issue-2267 301 12 theory theory NOUN issue-2267 301 13 perspective perspective NOUN issue-2267 301 14 . . PUNCT issue-2267 302 1 forecasting forecasting NOUN issue-2267 302 2 , , PUNCT issue-2267 302 3 3(1 3(1 NUM issue-2267 302 4 ) ) PUNCT issue-2267 302 5 , , PUNCT issue-2267 302 6 1–16 1–16 PROPN issue-2267 302 7 . . PUNCT issue-2267 303 1 doi doi PROPN issue-2267 303 2 : : PUNCT issue-2267 303 3 https://doi.org/10.3390/forecast3010001 https://doi.org/10.3390/forecast3010001 PROPN issue-2267 303 4 heather heather PROPN issue-2267 303 5 , , PUNCT issue-2267 303 6 p. p. NOUN issue-2267 303 7 ( ( PUNCT issue-2267 303 8 2010 2010 NUM issue-2267 303 9 ) ) PUNCT issue-2267 303 10 . . PUNCT issue-2267 304 1 the the DET issue-2267 304 2 evolution evolution NOUN issue-2267 304 3 and and CCONJ issue-2267 304 4 functioning functioning NOUN issue-2267 304 5 of of ADP issue-2267 304 6 the the DET issue-2267 304 7 traded trade VERB issue-2267 304 8 gas gas NOUN issue-2267 304 9 market market NOUN issue-2267 304 10 in in ADP issue-2267 304 11 britain britain PROPN issue-2267 304 12 . . PUNCT issue-2267 305 1 doi doi PROPN issue-2267 305 2 : : PUNCT issue-2267 305 3 https://doi.org/10.26889/9781907555152 https://doi.org/10.26889/9781907555152 VERB issue-2267 305 4 heather heather PROPN issue-2267 305 5 , , PUNCT issue-2267 305 6 p. p. NOUN issue-2267 305 7 ( ( PUNCT issue-2267 305 8 2021 2021 NUM issue-2267 305 9 ) ) PUNCT issue-2267 305 10 . . PUNCT issue-2267 306 1 european european PROPN issue-2267 306 2 traded trade VERB issue-2267 306 3 gas gas NOUN issue-2267 306 4 hubs hub NOUN issue-2267 306 5 : : PUNCT issue-2267 306 6 german german ADJ issue-2267 306 7 hubs hub NOUN issue-2267 306 8 about about ADP issue-2267 306 9 to to PART issue-2267 306 10 merge merge VERB issue-2267 306 11 . . PUNCT issue-2267 307 1 retrieved retrieve VERB issue-2267 307 2 15.09.2023 15.09.2023 NUM issue-2267 307 3 from from ADP issue-2267 307 4 https://www.oxfordenergy.org/publications/european-traded-gas-hubs-german-hubs-about-to-merge/ https://www.oxfordenergy.org/publications/european-traded-gas-hubs-german-hubs-about-to-merge/ PROPN issue-2267 307 5 heather heather PROPN issue-2267 307 6 , , PUNCT issue-2267 307 7 p. p. NOUN issue-2267 307 8 ( ( PUNCT issue-2267 307 9 2023 2023 NUM issue-2267 307 10 ) ) PUNCT issue-2267 307 11 . . PUNCT issue-2267 308 1 european european PROPN issue-2267 308 2 traded trade VERB issue-2267 308 3 gas gas NOUN issue-2267 308 4 hubs hub NOUN issue-2267 308 5 : : PUNCT issue-2267 308 6 their their PRON issue-2267 308 7 continued continue VERB issue-2267 308 8 relevance relevance NOUN issue-2267 308 9 . . PUNCT issue-2267 309 1 oies oie NOUN issue-2267 309 2 paper paper NOUN issue-2267 309 3 : : PUNCT issue-2267 309 4 ng ng PROPN issue-2267 309 5 183 183 NUM issue-2267 309 6 . . PUNCT issue-2267 309 7 retrieved retrieve VERB issue-2267 309 8 16.09.2023 16.09.2023 NUM issue-2267 309 9 from from ADP issue-2267 309 10 https://www.oxfordenergy.org/publications/european-traded-gas-hubs-their-continuedrelevance/ https://www.oxfordenergy.org/publications/european-traded-gas-hubs-their-continuedrelevance/ ADP issue-2267 309 11 honoré honoré NOUN issue-2267 309 12 , , PUNCT issue-2267 309 13 a. a. NOUN issue-2267 309 14 n. n. NOUN issue-2267 309 15 ( ( PUNCT issue-2267 309 16 2013 2013 NUM issue-2267 309 17 ) ) PUNCT issue-2267 309 18 . . PUNCT issue-2267 310 1 the the DET issue-2267 310 2 italian italian ADJ issue-2267 310 3 gas gas NOUN issue-2267 310 4 market market NOUN issue-2267 310 5 : : PUNCT issue-2267 310 6 challenges challenge NOUN issue-2267 310 7 and and CCONJ issue-2267 310 8 opportunities opportunity NOUN issue-2267 310 9 . . PUNCT issue-2267 311 1 retrieved retrieve VERB issue-2267 311 2 15.09.2023 15.09.2023 NUM issue-2267 311 3 from from ADP issue-2267 311 4 https://www.oxfordenergy.org/publications/the-italian-gas-market-challenges-and-opportunities/ https://www.oxfordenergy.org/publications/the-italian-gas-market-challenges-and-opportunities/ NOUN issue-2267 311 5 iea iea NOUN issue-2267 311 6 ( ( PUNCT issue-2267 311 7 2023a 2023a NUM issue-2267 311 8 ) ) PUNCT issue-2267 311 9 . . PUNCT issue-2267 312 1 energy energy NOUN issue-2267 312 2 policy policy NOUN issue-2267 312 3 review review PROPN issue-2267 312 4 italy italy PROPN issue-2267 312 5 2023 2023 NUM issue-2267 312 6 . . PUNCT issue-2267 313 1 retrieved retrieve VERB issue-2267 313 2 16.09.2023 16.09.2023 NUM issue-2267 313 3 from from ADP issue-2267 313 4 https://iea.blob.core.windows.net/ https://iea.blob.core.windows.net/ NOUN issue-2267 313 5 assets/71b328b3 assets/71b328b3 PROPN issue-2267 313 6 - - PUNCT issue-2267 313 7 3e5b-4c04 3e5b-4c04 NUM issue-2267 313 8 - - PUNCT issue-2267 313 9 8a22 8a22 NUM issue-2267 313 10 - - PUNCT issue-2267 313 11 3ead575b3a9a 3ead575b3a9a NOUN issue-2267 313 12 / / SYM issue-2267 313 13 italy_2023_energypolicyreview.pdf italy_2023_energypolicyreview.pdf NOUN issue-2267 313 14 iea iea NOUN issue-2267 313 15 ( ( PUNCT issue-2267 313 16 2023b 2023b NUM issue-2267 313 17 ) ) PUNCT issue-2267 313 18 . . PUNCT issue-2267 314 1 gas gas NOUN issue-2267 314 2 market market NOUN issue-2267 314 3 report report NOUN issue-2267 314 4 , , PUNCT issue-2267 314 5 q2 q2 NOUN issue-2267 314 6 - - PUNCT issue-2267 314 7 2023 2023 NUM issue-2267 314 8 . . PUNCT issue-2267 315 1 retrieved retrieve VERB issue-2267 315 2 16.09.2023 16.09.2023 NUM issue-2267 315 3 from from ADP issue-2267 315 4 https://www.iea.org/reports/gas-marketreport-q2-2023 https://www.iea.org/reports/gas-marketreport-q2-2023 PROPN issue-2267 315 5 baltic baltic ADJ issue-2267 315 6 journal journal NOUN issue-2267 315 7 of of ADP issue-2267 315 8 economic economic ADJ issue-2267 315 9 studies study NOUN issue-2267 315 10 142 142 NUM issue-2267 315 11 vol vol NOUN issue-2267 315 12 . . PUNCT issue-2267 316 1 9 9 NUM issue-2267 316 2 no no NOUN issue-2267 316 3 . . NOUN issue-2267 316 4 5 5 NUM issue-2267 316 5 , , PUNCT issue-2267 316 6 2023 2023 NUM issue-2267 316 7 kurbet kurbet NOUN issue-2267 316 8 , , PUNCT issue-2267 316 9 o. o. NOUN issue-2267 316 10 ( ( PUNCT issue-2267 316 11 2022 2022 NUM issue-2267 316 12 ) ) PUNCT issue-2267 316 13 . . PUNCT issue-2267 317 1 institutional institutional ADJ issue-2267 317 2 preconditions precondition NOUN issue-2267 317 3 and and CCONJ issue-2267 317 4 genesis genesis NOUN issue-2267 317 5 of of ADP issue-2267 317 6 natural natural ADJ issue-2267 317 7 gas gas NOUN issue-2267 317 8 exchange exchange NOUN issue-2267 317 9 trading trading NOUN issue-2267 317 10 . . PUNCT issue-2267 318 1 economics economic NOUN issue-2267 318 2 & & CCONJ issue-2267 318 3 education education PROPN issue-2267 318 4 , , PUNCT issue-2267 318 5 7(3 7(3 NUM issue-2267 318 6 ) ) PUNCT issue-2267 318 7 , , PUNCT issue-2267 318 8 27–34 27–34 NUM issue-2267 318 9 . . PUNCT issue-2267 318 10 doi doi PROPN issue-2267 318 11 : : PUNCT issue-2267 318 12 https://doi.org/10.30525/2500-946x/2022-3-4 https://doi.org/10.30525/2500-946x/2022-3-4 NOUN issue-2267 318 13 niewiński niewiński NOUN issue-2267 318 14 , , PUNCT issue-2267 318 15 g. g. PROPN issue-2267 318 16 m. m. PROPN issue-2267 318 17 , , PUNCT issue-2267 318 18 badyda badyda PROPN issue-2267 318 19 , , PUNCT issue-2267 318 20 k. k. PROPN issue-2267 318 21 , , PUNCT issue-2267 318 22 & & CCONJ issue-2267 318 23 kopałka kopałka PROPN issue-2267 318 24 , , PUNCT issue-2267 318 25 j. j. PROPN issue-2267 318 26 ( ( PUNCT issue-2267 318 27 2017 2017 NUM issue-2267 318 28 ) ) PUNCT issue-2267 318 29 . . PUNCT issue-2267 319 1 funkcjonowanie funkcjonowanie PROPN issue-2267 319 2 polskiego polskiego PROPN issue-2267 319 3 rynku rynku PROPN issue-2267 319 4 gazu gazu PROPN issue-2267 319 5 na na PART issue-2267 319 6 tle tle VERB issue-2267 319 7 europy europy NOUN issue-2267 319 8 . . PUNCT issue-2267 320 1 nierówności nierówności NOUN issue-2267 320 2 społeczne społeczne VERB issue-2267 320 3 a a DET issue-2267 320 4 wzrost wzrost ADJ issue-2267 320 5 gospodarczy gospodarczy NOUN issue-2267 320 6 , , PUNCT issue-2267 320 7 50 50 NUM issue-2267 320 8 , , PUNCT issue-2267 320 9 209–231 209–231 NUM issue-2267 320 10 . . PUNCT issue-2267 321 1 doi doi NOUN issue-2267 321 2 : : PUNCT issue-2267 321 3 https://doi.org/10.15584/nsawg.2017.2.13 https://doi.org/10.15584/nsawg.2017.2.13 PROPN issue-2267 321 4 oliinyk oliinyk PROPN issue-2267 321 5 , , PUNCT issue-2267 321 6 s. s. PROPN issue-2267 321 7 ( ( PUNCT issue-2267 321 8 2023 2023 NUM issue-2267 321 9 , , PUNCT issue-2267 321 10 may may AUX issue-2267 321 11 31 31 NUM issue-2267 321 12 ) ) PUNCT issue-2267 321 13 . . PUNCT issue-2267 322 1 gas gas NOUN issue-2267 322 2 hub hub NOUN issue-2267 322 3 : : PUNCT issue-2267 322 4 what what PRON issue-2267 322 5 is be AUX issue-2267 322 6 missing miss VERB issue-2267 322 7 for for ADP issue-2267 322 8 a a DET issue-2267 322 9 breakthrough breakthrough NOUN issue-2267 322 10 . . PUNCT issue-2267 323 1 ua-energy.org ua-energy.org ADJ issue-2267 323 2 . . PROPN issue-2267 324 1 retrieved retrieve VERB issue-2267 324 2 12.09.2023 12.09.2023 NUM issue-2267 324 3 from from ADP issue-2267 324 4 https://ua-energy.org/uk/posts/hazovyi-khab-choho-ne-vystachaie-dlia-proryvu https://ua-energy.org/uk/posts/hazovyi-khab-choho-ne-vystachaie-dlia-proryvu PROPN issue-2267 324 5 pirani pirani PROPN issue-2267 324 6 , , PUNCT issue-2267 324 7 s. s. PROPN issue-2267 324 8 ( ( PUNCT issue-2267 324 9 2021 2021 NUM issue-2267 324 10 ) ) PUNCT issue-2267 324 11 . . PUNCT issue-2267 325 1 ukraine ukraine PROPN issue-2267 325 2 ’s ’s PART issue-2267 325 3 energy energy NOUN issue-2267 325 4 policy policy NOUN issue-2267 325 5 and and CCONJ issue-2267 325 6 prospects prospect NOUN issue-2267 325 7 for for ADP issue-2267 325 8 the the DET issue-2267 325 9 gas gas NOUN issue-2267 325 10 sector sector NOUN issue-2267 325 11 . . PUNCT issue-2267 326 1 energy energy NOUN issue-2267 326 2 insight insight NOUN issue-2267 326 3 : : PUNCT issue-2267 326 4 106 106 NUM issue-2267 326 5 . . PUNCT issue-2267 327 1 oxford oxford PROPN issue-2267 327 2 institute institute PROPN issue-2267 327 3 for for ADP issue-2267 327 4 energy energy NOUN issue-2267 327 5 studies study NOUN issue-2267 327 6 . . PUNCT issue-2267 328 1 retrieved retrieve VERB issue-2267 328 2 16.09.2023 16.09.2023 NUM issue-2267 328 3 from from ADP issue-2267 328 4 https://www.oxfordenergy.org/publications/ukraines-energypolicy-and-prospects-for-the-gas-sector/ https://www.oxfordenergy.org/publications/ukraines-energypolicy-and-prospects-for-the-gas-sector/ NOUN issue-2267 328 5 skat skat NOUN issue-2267 328 6 - - PUNCT issue-2267 328 7 trade trade NOUN issue-2267 328 8 ( ( PUNCT issue-2267 328 9 multiple multiple ADJ issue-2267 328 10 : : PUNCT issue-2267 328 11 2020 2020 NUM issue-2267 328 12 .. .. SYM issue-2267 328 13 2023 2023 NUM issue-2267 328 14 ) ) PUNCT issue-2267 328 15 . . PUNCT issue-2267 329 1 natural natural ADJ issue-2267 329 2 gas gas NOUN issue-2267 329 3 on on ADP issue-2267 329 4 the the DET issue-2267 329 5 ukrainian ukrainian ADJ issue-2267 329 6 energy energy NOUN issue-2267 329 7 exchange exchange NOUN issue-2267 329 8 2020 2020 NUM issue-2267 329 9 .. .. PUNCT issue-2267 329 10 2023 2023 NUM issue-2267 329 11 . . PUNCT issue-2267 329 12 retrieved retrieve VERB issue-2267 329 13 16.09.2023 16.09.2023 NUM issue-2267 329 14 from from ADP issue-2267 329 15 https://skat-trade.com/category/analityka/ https://skat-trade.com/category/analityka/ NOUN issue-2267 329 16 tge tge X issue-2267 329 17 ( ( PUNCT issue-2267 329 18 2020 2020 NUM issue-2267 329 19 ) ) PUNCT issue-2267 329 20 . . PUNCT issue-2267 330 1 annual annual ADJ issue-2267 330 2 report report NOUN issue-2267 330 3 . . PUNCT issue-2267 331 1 retrieved retrieve VERB issue-2267 331 2 16.09.2023 16.09.2023 NUM issue-2267 331 3 from from ADP issue-2267 331 4 https://tge.pl/pub/tge/files/statystyki/raporty https://tge.pl/pub/tge/files/statystyki/raporty NOUN issue-2267 331 5 _ _ NOUN issue-2267 331 6 roczne_en roczne_en NOUN issue-2267 331 7 / / SYM issue-2267 331 8 raport_2020.pdf raport_2020.pdf NOUN issue-2267 331 9 trayport trayport NOUN issue-2267 331 10 ( ( PUNCT issue-2267 331 11 2019 2019 NUM issue-2267 331 12 ) ) PUNCT issue-2267 331 13 . . PUNCT issue-2267 332 1 trayport trayport NOUN issue-2267 332 2 euro euro NOUN issue-2267 332 3 commodities commodity NOUN issue-2267 332 4 report report NOUN issue-2267 332 5 . . PUNCT issue-2267 333 1 retrieved retrieve VERB issue-2267 333 2 16.09.2023 16.09.2023 NUM issue-2267 333 3 from from ADP issue-2267 333 4 https://docplayer.net/ https://docplayer.net/ NOUN issue-2267 333 5 146035803-trayport-euro-commodities-report.html 146035803-trayport-euro-commodities-report.html NUM issue-2267 333 6 ueex ueex NOUN issue-2267 333 7 ( ( PUNCT issue-2267 333 8 multiple multiple ADJ issue-2267 333 9 : : PUNCT issue-2267 333 10 2020 2020 NUM issue-2267 333 11 .. .. SYM issue-2267 333 12 2021 2021 NUM issue-2267 333 13 ) ) PUNCT issue-2267 333 14 . . PUNCT issue-2267 334 1 annual annual ADJ issue-2267 334 2 reports report NOUN issue-2267 334 3 2019 2019 NUM issue-2267 334 4 .. .. SYM issue-2267 334 5 2020 2020 NUM issue-2267 334 6 . . PUNCT issue-2267 335 1 retrieved retrieve VERB issue-2267 335 2 16.09.2023 16.09.2023 NUM issue-2267 335 3 from from ADP issue-2267 335 4 https://www.ueex.com.ua/ https://www.ueex.com.ua/ PROPN issue-2267 335 5 eng eng PROPN issue-2267 335 6 / / SYM issue-2267 335 7 ueex ueex PROPN issue-2267 335 8 / / SYM issue-2267 335 9 reporting/ reporting/ VERB issue-2267 335 10 ueex ueex NOUN issue-2267 335 11 ( ( PUNCT issue-2267 335 12 multiple multiple ADJ issue-2267 335 13 : : PUNCT issue-2267 335 14 2021 2021 NUM issue-2267 335 15 .. .. PUNCT issue-2267 335 16 2023 2023 NUM issue-2267 335 17 ) ) PUNCT issue-2267 335 18 . . PUNCT issue-2267 336 1 press press NOUN issue-2267 336 2 releases release NOUN issue-2267 336 3 2021 2021 NUM issue-2267 336 4 .. .. PUNCT issue-2267 336 5 2023 2023 NUM issue-2267 336 6 . . PUNCT issue-2267 337 1 retrieved retrieve VERB issue-2267 337 2 16.09.2023 16.09.2023 NUM issue-2267 337 3 from from ADP issue-2267 337 4 https://www.ueex.com.ua/ https://www.ueex.com.ua/ PROPN issue-2267 337 5 presscenter presscenter PROPN issue-2267 337 6 / / SYM issue-2267 337 7 press press NOUN issue-2267 337 8 - - PUNCT issue-2267 337 9 release/ release/ NUM issue-2267 337 10 visenescu visenescu NOUN issue-2267 337 11 , , PUNCT issue-2267 337 12 r. r. PROPN issue-2267 337 13 , , PUNCT issue-2267 337 14 & & CCONJ issue-2267 337 15 bartelet bartelet NOUN issue-2267 337 16 , , PUNCT issue-2267 337 17 h. h. PROPN issue-2267 337 18 ( ( PUNCT issue-2267 337 19 2017 2017 NUM issue-2267 337 20 ) ) PUNCT issue-2267 337 21 . . PUNCT issue-2267 338 1 how how SCONJ issue-2267 338 2 romania romania PROPN issue-2267 338 3 can can AUX issue-2267 338 4 become become VERB issue-2267 338 5 a a DET issue-2267 338 6 key key ADJ issue-2267 338 7 player player NOUN issue-2267 338 8 in in ADP issue-2267 338 9 the the DET issue-2267 338 10 european european ADJ issue-2267 338 11 gas gas NOUN issue-2267 338 12 market market NOUN issue-2267 338 13 . . PUNCT issue-2267 339 1 energypost.eu energypost.eu X issue-2267 339 2 . . PUNCT issue-2267 340 1 retrieved retrieve VERB issue-2267 340 2 14.09.2023 14.09.2023 NUM issue-2267 340 3 from from ADP issue-2267 340 4 https://energypost.eu/romania-key-player-gas-eu/ https://energypost.eu/romania-key-player-gas-eu/ PROPN issue-2267 340 5 received receive VERB issue-2267 340 6 on on ADP issue-2267 340 7 : : PUNCT issue-2267 340 8 05th 05th ADJ issue-2267 340 9 of of ADP issue-2267 340 10 october october PROPN issue-2267 340 11 , , PUNCT issue-2267 340 12 2023 2023 NUM issue-2267 340 13 accepted accept VERB issue-2267 340 14 on on ADP issue-2267 340 15 : : PUNCT issue-2267 340 16 23th 23th NOUN issue-2267 340 17 of of ADP issue-2267 340 18 november november PROPN issue-2267 340 19 , , PUNCT issue-2267 340 20 2023 2023 NUM issue-2267 340 21 published publish VERB issue-2267 340 22 on on ADP issue-2267 340 23 : : PUNCT issue-2267 340 24 28th 28th NOUN issue-2267 340 25 of of ADP issue-2267 340 26 december december PROPN issue-2267 340 27 , , PUNCT issue-2267 340 28 2023 2023 NUM