Swing suppliers and international natural gas market integration
DC Field | Value | Language |
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dc.contributor.author | Kim, S.-H. | - |
dc.contributor.author | Lim, Y.-Y. | - |
dc.contributor.author | Kim, D.-W. | - |
dc.contributor.author | Kim, M.-K. | - |
dc.date.available | 2020-11-02T04:40:14Z | - |
dc.date.created | 2020-11-02 | - |
dc.date.issued | 2020-09 | - |
dc.identifier.issn | 1996-1073 | - |
dc.identifier.uri | http://scholarworks.bwise.kr/ssu/handle/2018.sw.ssu/39731 | - |
dc.description.abstract | This study explores the international natural gas market integration using the Engle-Granger cointegration and error correction model. Previous studies have suggested that liquefied natural gas (LNG) and oil-linked pricing with a long-term contract have played key roles in gas market integration, especially between European and Asian markets. There is, however, little discussion of the role of the emergence of a swing supplier. A swing supplier, e.g., Qatar or Russia, is flexible to unexpected changes in supply and demand in both European and Asian markets and adapts the gas production/exports swiftly to meet the changes in the markets. Qatar has been a swing supplier since 2005 in the global natural gas market. In 2009, Qatar's global LNG export share reached above 30% and has remained around 25% since then. Empirical results indirectly support that the emergence of a swing supplier may tighten market integration between Europe and Asia. The swing supplier may have accelerated the degree of market integration as well, particularly after 2009. © 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | MDPI AG | - |
dc.relation.isPartOf | Energies | - |
dc.title | Swing suppliers and international natural gas market integration | - |
dc.type | Article | - |
dc.identifier.doi | 10.3390/en13184661 | - |
dc.type.rims | ART | - |
dc.identifier.bibliographicCitation | Energies, v.13, no.18 | - |
dc.description.journalClass | 1 | - |
dc.identifier.wosid | 000581260100001 | - |
dc.identifier.scopusid | 2-s2.0-85090948118 | - |
dc.citation.number | 18 | - |
dc.citation.title | Energies | - |
dc.citation.volume | 13 | - |
dc.contributor.affiliatedAuthor | Kim, D.-W. | - |
dc.type.docType | Article | - |
dc.description.isOpenAccess | N | - |
dc.subject.keywordAuthor | Engle-Granger error correction | - |
dc.subject.keywordAuthor | Market integration | - |
dc.subject.keywordAuthor | Natural gas | - |
dc.subject.keywordAuthor | Qatar | - |
dc.subject.keywordAuthor | Swing supplier | - |
dc.subject.keywordPlus | Commerce | - |
dc.subject.keywordPlus | Crude oil price | - |
dc.subject.keywordPlus | Error correction | - |
dc.subject.keywordPlus | Gas industry | - |
dc.subject.keywordPlus | Gases | - |
dc.subject.keywordPlus | Integration | - |
dc.subject.keywordPlus | Engle-granger cointegration | - |
dc.subject.keywordPlus | Error correction models | - |
dc.subject.keywordPlus | Gas productions | - |
dc.subject.keywordPlus | Liquefied Natural Gas (LNG) | - |
dc.subject.keywordPlus | Long-term contracts | - |
dc.subject.keywordPlus | Market integration | - |
dc.subject.keywordPlus | Natural gas markets | - |
dc.subject.keywordPlus | Supply and demand | - |
dc.subject.keywordPlus | Liquefied natural gas | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | scopus | - |
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