The Development of a Global LNG Market: Is it Likely? If so When?

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.

By: J. Jensen

Latest Tweets from @OxfordEnergy

  • 'US shale fastest to respond to oil price decline' B Fattouh presents on oil market dynamics @SydbankDK Copenhagen https://t.co/wYTitToNkP

    August 26th

  • Figure from a new OIES study on Russia-China energy relations https://t.co/mnJ1cRVVnK https://t.co/VwbVzdjpnw

    August 22nd

  • .@katyafimava Polish objection may well not be last hurdle that #Nordstream2 would have to overcome @AAEnergyNews https://t.co/UBbQ5O3IQm

    August 19th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.