| ID | 132758 |
| Title Proper | Separated influence of crude oil prices on regional natural gas import prices |
| Language | ENG |
| Author | Ji, Qiang ; Geng, Jiang-Bo ; Fan, Ying |
| Publication | 2014. |
| Summary / Abstract (Note) | This paper analyses the impact of global economic activity and international crude oil prices on natural gas import prices in three major natural gas markets using the panel cointegration model. It also investigates the shock impacts of the volatility and the increase and decrease of oil prices on regional natural gas import prices. The results show that both global economic activity and international crude oil prices have significant long-term positive effects on regional natural gas import prices. The volatility of international crude oil prices has a negative impact on regional natural gas import prices. The shock impact is weak in North America, lags in Europe and is most significant in Asia, which is mainly determined by different regional policies for price formation. In addition, the response of natural gas import prices to increases and decreases in international crude oil prices shows an asymmetrical mechanism, of which the decrease impact is relatively stronger. |
| `In' analytical Note | Energy Policy Vol.70, July 2014: p.96-105 |
| Journal Source | Energy Policy Vol.70, July 2014: p.96-105 |
| Key Words | Regional natural gas import prices ; Crude oil price shocks ; VAR ; Crude Oil ; Natural Gas ; Import Price ; World Economy ; Economics ; Oil Price ; International Crude oil Prices |