Forecast Model of Prices for Liquefied Natural Gas in the World Asian Energy Market
DOI:
https://doi.org/10.6000/1929-4409.2020.09.74Keywords:
Forecast, liquefied natural gas, the world marketAbstract
The relevance of the study lies in the fact that concerning the strategic objectives of Russia to take a share of the growing world market of liquefied natural gas, it is advisable to assess the impact of factors affecting the development of the global liquefied natural gas market. This article provides a comparative analysis of exports and imports in the global LNG market by region, identifies potential trends in the development of global LNG trade over the past 50 years, it makes a price forecast for liquefied natural gas (LNG) for the Asia-Pacific region (APR) based on a correlation and regression analysis of the dependence of LNG prices on changes in factors such as world oil prices, global demand for LNG, exchange rates and growth rates of the Asia-Pacific economies.
References
Alferov, S. Y. (2016). Prospects for the LNG market of East and Southeast Asia. Oil, Gas and Business, 2, 43-47.
Dmitrieva, T. (2015). LNG Production and Export: World Trends and Russian Prospects. Sea Ports, 4. http://www.morvesti.ru/ tems/detail.php?ID=37876
Gazprom. (2015). Multipolar energy. http://www.gazprom.ru/fZposts/ 26/228235/gazprom-annual-report-2015-ru.pdf
Osipov, G. V., Ponkratov, V. V., Karepova, S. G., Bloshenko, T., & Vorontcov, A. (2019). Transit tariff optimization model for Russia and Central Asia energy cooperation. Entrepreneurship and Sustainability Issues, 7(1), 398-412. https://doi.org/10.9770/jesi.2019.7.1(28) DOI: https://doi.org/10.9770/jesi.2019.7.1(28)
Osipov, G., Karepova, S., Chizhevskaya, E., Gnatyuk, M., Semin, A., & Mikhayluk, O. (2018). Directions to improve the effectiveness of Russia’s energy export policy. International Journal of Energy Economics and Policy, 8(6), 227-239. https://doi.org/10.32479/ijeep.7055 DOI: https://doi.org/10.32479/ijeep.7055
Pasture, G., & Belova, M. (2013). Development of the Global LNG Market: Challenges and Opportunities for Russia. Skolkovo: Energy Center of the Moscow School of Management Skolkovo. http://www.pro-gas.ru/images/data/gallery/0_206_ SEneC_Global_LNG.pdf
Razmanova, S. V., & Machula, I. A. (2016). The market of the Asia-Pacific region as a leading driver for the development of liquefied natural gas production in the Russian Federation. Oil and Gas Geology. Theory and Practice, 11(4). https://doi.org/10.17353/2070-5379/42_2016 DOI: https://doi.org/10.17353/2070-5379/42_2016
Rogers, N. (2015). The Impact of Lower Gas and Oil Prices on Global Gas and LNG Markets. Oxford: Oxford Institute for Energy Studies. https://doi.org/10.26889/9781784670337 DOI: https://doi.org/10.26889/9781784670337
Semin, A. N., Ponkratov, V. V., Sokolov, A. A., Lenkova, O. V., & Pozdnyaev, A. S. (2019). Investigating the Competitiveness of the Russian Oilfield Services Market. Industrial Engineering & Management Systems, 18(3), 563-576. https://doi.org/10.7232/iems.2019.18.3.563 DOI: https://doi.org/10.7232/iems.2019.18.3.563
Van Chien, N. (2020). Energy Consumption, Income, Trading Openness, and Environmental Pollution: Testing Environmental Kuznets Curve Hypothesis. Journal of Southwest Jiaotong University, 55(1). https://doi.org/10.35741/issn.0258-2724.55.1.49 DOI: https://doi.org/10.35741/issn.0258-2724.55.1.49
Vasiljeva, M. V., Ponkratov, V. V., Kharlamova, E. Y., Kuznetsov, N. V., Maramygin, M. S., & Volkova, M. V. (2019). Problems and Prospects of Development of the Oil Exchange Market in the Russian Federation. International Journal of Energy Economics and Policy, 9(3), 77-86. https://doi.org/10.32479/ijeep.7378 DOI: https://doi.org/10.32479/ijeep.7378
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Policy for Journals/Articles with Open Access
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work
Policy for Journals / Manuscript with Paid Access
Authors who publish with this journal agree to the following terms:
- Publisher retain copyright .
- Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work .
