J. Jensen

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                    [post_content] => In its title, this study raises two questions: ‘The Development of a Global LNG Market – Is it Likely? If So, When?’ The answer to the first question must be, ‘It depends on the definition of “global LNG market”’. But perhaps surprisingly, the answer to the second question – depending on the definition – might be, ‘It is already here.’ The reason the second answer may come as a surprise is that the global LNG market shows very little family resemblance to its two ostensible parents – the world oil market and the various liberalised onshore natural gas markets. But while it has clearly changed the traditional regional isolation of the gas industry and thus deserves recognition as a ‘global market’, it should not be expected to behave in the same way as either world oil or onshore gas.
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                    [post_content] => It is often assumed that oil can increase its share of energy markets fairly quickly if its price drops relative to competing fuels. Since oil is already the dominant fuel in the transportation sector, gains at the expense of other fuels must come from elsewhere. The slow pace of fuel conversion decisions in the residential and commercial sectors makes it unlikely that prics changes will have any perceptible impact in those sectors
in the short-run. Thus it is logical to expect that, if changed oil price signals are to have any short-run impact at all, they are most likely to make themselves felt in the industrial and power generation sectors.
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Latest Publications by J. Jensen

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  • New publication: The EU Competition Investigation into Gazprom’s Sales to Central and Eastern Europe: a comment on c https://t.co/JSfMhZFFjF

    April 21st

  • B Fattouh presents on transformations in producer-consumer relations & implications for Middle East oil exporters,… https://t.co/JE4KURO5P6

    April 20th

  • A new issue of the Oxford Energy Forum on energy pricing reform in the Middle East and North Africa https://t.co/avCjvpieZ1

    April 20th

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