The global natural gas market: Will transport cost reductions lead to lower prices?

Energy Journal

Volumn 30, Issue 2, 2009, Pages 17-39

  Rosendahl, Knut Einar ^a   Sagen, Eirik Lund ^a  

^a STATISTICS NORWAY   (Norway)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 74149094991     PISSN: 01956574     EISSN: None     Source Type: Trade Journal    
DOI: None     Document Type: Article

References (40)

1. Asche, F., P. Osmundsen and R. Tveterås (2002). "European market integration for gas? Volume flexibility and political risk", Energy Economics 24: 249-265.
2. Aune, F.R., S. Glomsrød, L. Lindholt and K.E. Rosendahl (2005). "Are high oil prices profitable for OPEC in the long run?" Discussion Papers No. 416, Statistics Norway, Oslo.
3. Boots, M.G., F.A.M. Rijkers and B.F. Hobbs (2004). "Trading in Downstream European Gas Market: A Successive Oligopoly", The Energy Journal 25 (3): 73-102.
4. BP (2007). "BP Statistical Review of World Energy 2007".
5. Brito, D.L. and P.R. Hartley (2007). "Expectations and the Evolving World Gas Market", The Energy Journal 28 (1): 1-24.
6. Brooke, A., D. Kendrick, A. Meeraus and R. Raman (1998). GAMS - A Users Guide. Gams Development Corporation, Washington, DC.
7. Brown, S.P.A. and M.K. Yücel (2008). "What Drives Natural Gas Prices?" The Energy Journal 29 (2): 45-60.
8. st Quarter 2005: 29-36.
9. Cremer, H., F. Gasmi and J.-J. Laffont (2003). "Access to Pipelines in Competitive Gas Markets", Journal of Regulatory Economics 24: 5-33.
10. Cremer, H. and J.-J. Laffont (2002). "Competition in gas markets", European Economic Review 46: 928-935.
11. Egging, R.G. and S.A. Gabriel (2006). "Examining market power in the European natural gas market", Energy Policy 34: 2762-2778.
12. EIA (Energy Information Administration) (2004). "LNG industry costs declining". http://www.eia.doe.gov/oiaf/analysispaper/global/lngindustry. html
13. EIA (Energy Information Administration) (2007). "Documentation of the Oil and Gas Supply Module (OGSM)", DOE/EIA-M063(2007), February 2007. http://tonto.eia.doe.gov/FTPROOT/modeldoc/m063(2007).pdf
14. EMF (Energy Modeling Forum) (2007). Prices and Trade in a Globalizing Natural Gas Market. EMF report 23, Stanford University, July 2007. http://www.stanford.edu/group/EMF/projects/emf23/emf23.pdf.
15. EU (1998). "Directive 98/30/EC of the European Parliament and of the Council of 22 June 1998 concerning common rules for the internal market in natural gas", European Commission, Brussels. http://eur-lex.europa.eu/ LexUriServ/site/en/oj/1998/l-204/l-20419980721en00010012.pdf.
16. EU (2003). "Directive 2003/55/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the internal market in natural gas and repealing Directive 98/30/ EC", European Commission, Brussels. http://eur-lex.europa.eu/LexUriServ/site/en/oj/2003/l-176/l- 17620030715en00570078.pdf.
17. Gabriel, S. A., J. Zhuang and S. Kiet (2005). "A large-scale linear complementarity model of the North American natural gas market", Energy Economics 27: 639-665.
18. Golombek, R., E. Gjelsvik and K.E. Rosendahl (1998). "Increased Competition on the Supply Side of the Western European Natural Gas Market", The Energy Journal 19 (3): 1-18.
19. Greaker, M. and E. Sagen (2008). "Explaining experience curves for LNG liquefaction costs: Competition matter more than learning", Energy Economics: doi:10.1016/j.eneco.2008.03.011.
20. Hirschhausen, C. von, B. Meinhart and F. Pavel (2005). "Transporting Russian Gas to Western Europe: A Simulation Approach", The Energy Journal 26 (2): 49-68.
21. IEA (2003). World Energy Investment Outlook 2003, Paris: OECD/IEA.
22. IEA (2006a). Natural Gas Market Review 2006. Towards a Global Gas Market, Paris: OECD/IEA.
23. IEA (2006b). World Energy Outlook 2006, Paris: OECD/IEA.
24. IEA (2007). Natural Gas Market Review 2007. Security in a globalising market to 2015, Paris: OECD/ IEA.
25. Jensen Associates (2007). "The Outlook for Global Trade in Liquefied Natural Gas - Projections to the year 2020", Report prepared for California Energy Commission, August 2007.
26. Jensen, J.T. (2003). "The LNG Revolution", The Energy Journal 24 (2): 1-46.
27. Jensen, J.T. (2004). "The Development of a Global LNG Market. Is it Likely? If so When?" NG 5, Oxford Institute for Energy Studies, Oxford.
28. Kleit, A. (1998). "Did Open Access Integrate Natural Gas Markets? An Arbitrage Cost Approach", Journal of Regulatory Economics 14: 19-33. (Pubitemid 128404751)
29. MacAvoy, P.W. and N.V. Moshkin (2000). "The new trend in the long-term price of natural gas", Resource and Energy Economics 22: 315-338.
30. Marmer, V., D. Shapiro and P. MacAvoy (2007). "Bottlenecks in regional markets for natural gas transmission services", Energy Economics 29: 37-45.
31. Micola, A.P. and D.W. Bunn (2007). "Two markets and a weak link", Energy Economics 29: 79-93.
32. Mizuno, K. and T. Shinkai (2006). "Delegating Infrastructure Projects with Open Access", Journal of Economics 88: 243-261.
33. Neumann, A. (2007). "Transatlantic Natural Gas Price Convergence - Is LNG Doing Its Job?" Globalization of Natural Gas Markets Working Papers WP-GG-20, DIW Berlin.
34. Newbery, D. (1999). Privatization, Restructuring, and Regulation of Network Utilities, London, UK and Cambridge, US: The MIT Press.
35. OME (2001). "Assessment of Internal and External Gas Supply Options for the EU, Evaluations of the Supply Costs of New Natural Gas Supply Projects to the EU and an Investigation of Related Financial Requirements and Tools", Observatoire Méditerranéen de l'Energie.
36. Petroleum Economist (2007). "The price isn't right", Petroleum Economist, April 2007: 12.
37. Sagen, E. and M. Tsygankova (2008). "Russian natural gas exports-Will Russian gas price reforms improve the European security of supply?" Energy Policy 36: 867-880.
38. Siliverstovs, B., G. L'Hegaret, A. Neumann and C. von Hirschhausen (2005). "International market integration for natural gas? A cointegration analysis of prices in Europe, North America and Japan", Energy Economics 27: 603-615.
39. Uría, R. and J. Williams (2007). "The supply of storage for natural gas in California", The Energy Journal 28 (3): 31-50.
40. USGS (U.S. Geological Survey) (2000). World Petroleum Assessment 2000