Time Commitments in LNG Shipping and Natural Gas Price Convergence

被引：3

作者：

Oglend, Atle ^{[1
]}

Osmundsen, Petter ^{[1
]}

Kleppe, Tore Selland ^{[2
]}

机构：

[1] Univ Stavanger, Dept Ind Econ, Stavanger, Norway

[2] Univ Stavanger, Dept Math & Phys, Stavanger, Norway

来源：

ENERGY JOURNAL | 2020年 / 41卷 / 02期

关键词：

LNG; Natural gas; Trade; Price convergence; MARKET INTEGRATION; TRADE; OIL; UK;

D O I：

10.5547/01956574.41.2.aogl

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Inter-continental Liquefied Natural Gas (LNG) trade can facilitate the development of a global natural gas market. However, in addition to explicit shipping costs, such trade requires time commitments in shipping due to the long hauls of many shipping mutes. We show that this time commitment adds an additional economic cost to LNG shipping, and creates a positive relationship between the economic cost of LNG trade and regional natural gas price spreads. Necessary time commitment therefore augments the other costs of LNG trade. and contributes to weaken the ties between global natural gas markets.

引用

页码：29 / 46

页数：18

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