According to the U.S. Energy Information Administration, LNG is projected to become a much larger share of U.S. natural gas consumption, rising from current levels of around 2.5% of total natural gas consumption to 12.4% by 2030. Because natural gas and LNG are substitutes, natural gas prices...

The US shale gas revolution has caused a substantial decline of US dependency on natural gas imports and has led to a significant decrease of spot prices for natural gas at Henry Hub. Given that the recent LNG development has been largely oriented towards the US market, this was the major reason...

Natural gas liquids and liquefied petroleum gases have played an important role in the current US shale gas boom. Depressed gas prices in recent years have made pure natural gas operations less profitable. The result is that liquids components in gas production have become increasingly important...

The discovery of huge reserves of natural gas in the eastern Mediterranean in the last few years are stirring the pot of regional turmoil and provoking various reactions from the other players in the area. It is also opening up new economic opportunities and redefining strategic relationships....

The purpose of this working paper is to delineate the correlation between decarbonization and security of supply, and to assess the sequential effect of these notions on the EU’s external gas relations. It first discusses the contribution of the gas sector to the EU’s decarbonization...

Saudi Arabia expects to double its natural gas production within the next decade. This increased domestic supply is expected to meet the demand for gas from Saudi Arabia's industrial development and, most importantly, to displace liquid fuels in its electricity sector. Given the strong seasonal...

A considerable literature has extolled the virtues of transitioning away from rate-of-return regulation for infrastructure-intensive industries. I find that for a large-scale transmission network like the U.S. natural gas pipeline system, transmission capacity under rate-of-return regulation may...

China’s global quest for resources, in particular oil and natural gas, has received unprecedented worldwide attention and scrutiny. This is partly because of China’s own high-profile, active energy diplomacy, its national oil companies’ acquisitions in the key exporting regions of oil and...

Estimating a static coefficient for a deseasoned gas storage or weather variable implicitly assumes that market participants react identically throughout the year (and over each year) to that variable. In this analysis we model natural gas returns as a linear function of gas storage and weather...

When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...