DEMAND OF NATURAL GAS BY THE HOUSEHOLDS

The article presents empirical analysis of demand of natural gas in 12 countries from European Union (EU), including Bulgaria. The ultimate goal is to assess the short-term and long-term elasticities of demand in different countries and in Europe as a whole. These elasticities have to give a plausible picture of changing consumption of natural gas by the households and to allow determination and interpretation of the key indicator of the organization of gas sector – the relative price elasticity.JEL: C23; C50; L95; R22.The article presents empirical analysis of demand of natural gas in 12 countries from European Union (EU), including Bulgaria. The ultimate goal is to assess the short-term and long-term elasticities of demand in different countries and in Europe as a whole. These elasticities have to give a plausible picture of changing consumption of natural gas by the households and to allow determination and interpretation of the key indicator of the organization of gas sector – the relative price elasticity.JEL: C23; C50; L95; R22