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dc.contributor.authorRitz, Roberten
dc.date.accessioned2019-04-24T23:30:20Z
dc.date.available2019-04-24T23:30:20Z
dc.date.issued2019-09en
dc.identifier.issn0195-6574
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/291951
dc.description.abstractGlobal gas markets feature two types of suppliers: piped gas and LNG exporters. Pipelines have a high degree of "asset specificity": once built, they are physically bound to a particular route. LNG is transported by tanker, with a choice of export markets. Put simply: LNG is mobile, pipelines are not. This paper uses game-theoretic modelling to show how its commitment to serving a single market confers a strategic advantage on piped gas. By "overinvesting" in its own market, a pipeline exporter can induce LNG rivals to shift sales to their other markets. The model helps understand competition between Russian piped gas and Qatari LNG. It shows how Russia's dependence on Europe can be good news for gas buyers, why these nonetheless strongly benefit from diversifying into LNG imports, and how the Herfindahl index of imports can mismeasure "supply security". The paper also discusses Russiaís evolving gas export strategy, including gas deals with China.
dc.description.sponsorshipEnel Foundation
dc.publisherInternational Association for Energy Economics
dc.rightsAll rights reserved
dc.rights.uri
dc.titleA strategic perspective on competition between pipeline gas and LNGen
dc.typeArticle
prism.issueIdentifier5en
prism.publicationDate2019en
prism.publicationNameEnergy Journalen
prism.volume40en
dc.identifier.doi10.17863/CAM.39106
dcterms.dateAccepted2019-04-10en
rioxxterms.versionofrecord10.5547/01956574.40.5.rriten
rioxxterms.versionAM
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2019-09en
rioxxterms.typeJournal Article/Reviewen
cam.orpheus.successThu Jan 30 10:46:10 GMT 2020 - Embargo updated*
rioxxterms.freetoread.startdate2022-09-30


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