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The LNG Revolution

Abstract:
This paper discusses the influence that the world wide liberalization of the natural gas industry is likely to have on the future development of liquefied natural gas (LNG). The paper examines some of the barriers to the workably competitive commodity model for this complex cross-border trade and speculates about the likely future structure of the industry.

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Energy Specializations: Natural Gas – LNG Infrastructure; Natural Gas – Policy and Regulation

JEL Codes: Q40: Energy: General, Q41: Energy: Demand and Supply; Prices, Q35: Hydrocarbon Resources

Keywords: Liquified natural gas (LNG), cross-border-trade competition, natural gas prices

DOI: 10.5547/ISSN0195-6574-EJ-Vol24-No2-1


Published in Volume24, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.