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

  • A new OIES study reviewed by Interfax: Panama Canal is likely to reach its transit capacity for LNG tankers in the… https://t.co/cglkcnV87Z

    April 19th

  • India's plans to establish a gas trading hub are a good step to try and commercialise the use of gas in the economy… https://t.co/hB0FxkXwAv

    April 19th

  • New issue of Oxford Energy Forum discusses the disruptive impact of interactions between vehicle automation, electr… https://t.co/tJdwhva2xq

    April 18th

Sign up for our Newsletter

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