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market and the dramatic implications for Russia's role as a global supplier of gas in the future. James Henderson and Arild … Moe explore the link between changes in Russia's domestic market, where new players have recently emerged, and the … development of Russia's gas export business. In particular, they assess the growing importance of LNG exports and the role of …
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We assess how rising exports of US liquefied natural gas (LNG) affect the convergence of natural gas prices worldwide. Using standard principal component analysis and cointegrating techniques, we show that the degree of co-movement between global benchmark prices for natural gas has strengthened...
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A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following shocks. The paper establishes a relationship between...
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