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

  • An OIES study (Saudi Arabia: Shifting the Goal Posts) cited in a new article in The Economist on OPEC long-term all… https://t.co/K1iuNCK1b4

    February 23rd

  • Heightened Geopolitical Risks in the Middle East and Potential Impacts on Oil Markets https://t.co/ur8Q0PxXit

    February 22nd

  • A new OIES paper on evolution of Japanese oil industry: Considering that demand for refined petroleum products will… https://t.co/jwajCfNQI4

    February 20th

Sign up for our Newsletter

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