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Market integration and price convergence in the global LNG market: a focus on Asia and Europe.
Number: 67
Author(s) : FAZELIYANOVA G.
Summary
This study analyses the structural transformation of the global LNG market, focusing on the increasing integration between Asian and European gas markets and the declining role of oil prices in LNG price formation. Using a Vector Error Correction Model (VECM) applied to daily benchmark prices, the results show strong long-run cointegration and rapid bidirectional price adjustment between Asian LNG and European gas prices, reflecting the growing role of LNG trade and spot market dynamics. By contrast, oil prices exert only a limited influence on Asian LNG pricing, confirming a shift toward gas-on-gas competition and deeper global market integration.
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Details
- Original title: Market integration and price convergence in the global LNG market: a focus on Asia and Europe.
- Record ID : 30034680
- Languages: English
- Subject: Figures, economy
- Source: 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026)
- Publication date: 2026/02/05
Links
See other articles from the proceedings (66)
See the conference proceedings
Indexing
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Themes:
LNG and LPG;
Cryology, gas processing: economics and statistics - Keywords: LNG; Market; Asia; Europe; Gas; Statistics
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Optimizing LNG storage for scalable and sustain...
- Author(s) : LIM J., KIM G.
- Date : 2026/02/05
- Languages : English
- Source: 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026)
- Formats : PowerPoint, PDF
View record
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Critical contracting signposts for LNG develope...
- Author(s) : NATHAN I.
- Date : 2026/02/05
- Languages : English
- Source: 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026)
- Formats : PowerPoint, PDF
View record
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Optionality, flexibility exercise depends on sp...
- Author(s) : PANDEY S.
- Date : 2026/02/05
- Languages : English
- Source: 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026)
- Formats : PowerPoint, PDF
View record
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Changing dynamics of project financing, and opt...
- Author(s) : BHARDWAJ M.
- Date : 2026/02/05
- Languages : English
- Source: 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026)
- Formats : PDF
View record
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Evolving spot and contract mix in emerging asia...
- Author(s) : MODI A.
- Date : 2026/02/05
- Languages : English
- Source: 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026)
- Formats : PDF
View record