Changing Market Realities in Light of Continuing Low Gas Prices

Posted: 17 Mar 2016

See all articles by Andrei V. Belyi

Andrei V. Belyi

University of Dundee - Centre for Energy, Petroleum and Mineral Law & Policy (CEPMLP); University of Eastern Finland - Department of Law

Date Written: March 17, 2016

Abstract

The decline in oil and gas prices drives to changes in markets. Three points surrounding gas markets are highlighted: changes in the US shale gas revolution, delay of expensive new liquefaction projects and a reinforcement of Gazprom's competitiveness in European pipeline gas supply. This leads to a hypothesis of a cyclic trends in gas: low price reinforces existing structures, while high price stimulates intra- and inter-fuel competition. Gas over-supply is foreseen till at least 2020, however the cyclic trend could lead to a gas deficit afterwards.

Keywords: gas markets, Henri Hub, Gazprom, liquefaction, LNG

Suggested Citation

Belyi, Andrei V., Changing Market Realities in Light of Continuing Low Gas Prices (March 17, 2016). Available at SSRN: https://ssrn.com/abstract=2749013

Andrei V. Belyi (Contact Author)

University of Dundee - Centre for Energy, Petroleum and Mineral Law & Policy (CEPMLP) ( email )

Nethergate
Dundee, Scotland DD1 4HN
United Kingdom

University of Eastern Finland - Department of Law ( email )

Joensuu
Finland

Register to save articles to
your library

Register

Paper statistics

Abstract Views
94
PlumX Metrics