Factors of Global Competitiveness of American LNG

The United States started lique fied natural gas (LNG) export in 2016 and just in two years became the world’s fourth largest exporter of LNG. There is a high probability that in the near future the U.S. will emerge as the third largest LNG exporter after Australia and Qatar. The article focuses on...

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Autores principales:	S. V. Zhukov, A. О. Maslennikov, M. V. Sinitsyn
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2019
Materias:	lng, gas prices, price indexation, associated gas, destination clause, henry hub, ttf, jkm, brent International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/f70cc813b46e4f32a3d99feca7d03e3c
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spelling	oai:doaj.org-article:f70cc813b46e4f32a3d99feca7d03e3c2021-11-07T14:45:03ZFactors of Global Competitiveness of American LNG2542-02402587-932410.23932/2542-0240-2019-12-6-3https://doaj.org/article/f70cc813b46e4f32a3d99feca7d03e3c2019-12-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/544https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The United States started lique fied natural gas (LNG) export in 2016 and just in two years became the world’s fourth largest exporter of LNG. There is a high probability that in the near future the U.S. will emerge as the third largest LNG exporter after Australia and Qatar. The article focuses on the factors, which ensure global competitiveness of U.S. LNG until 2030. The authors show that: first, the first wave of American export LNG projects significantly speeded up restructuring of contract system in the world gas trade as well as suppor ted development of a more flexible mechanism of natural gas pricing; secondly, production costs of the associated natural gas in the U.S. are relatively low and it is highly probable to expect Henry hub gas price to stabilize at around 2.5 dollars per MMBTU in the long run, what gives the American gas producers potential capability to significantly improve their global competitiveness by means of production and transportation costs reduction; fourthly, new waves of U.S. LNG export will not necessa rily be linked to the Henry Hub index, but to a wide range of price indicators, inclu ding the Brent oil price. With increasing flows of globally competitive Ameri can LNG entering the market, transformation of the institutional structure, contracts system and price mecha nism that have been unfold in the world LNG trade for the last ten to fifteen years became irreversible. That creates prerequisites for rapid formation of the world LNG market as well as with a some time lag of a global gas market.S. V. ZhukovA. О. MaslennikovM. V. SinitsynАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlelng, gas prices, price indexation, associated gas, destination clause, henry hub, ttf, jkm, brentInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 12, Iss 6, Pp 43-70 (2019)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	lng, gas prices, price indexation, associated gas, destination clause, henry hub, ttf, jkm, brent International relations JZ2-6530
spellingShingle	lng, gas prices, price indexation, associated gas, destination clause, henry hub, ttf, jkm, brent International relations JZ2-6530 S. V. Zhukov A. О. Maslennikov M. V. Sinitsyn Factors of Global Competitiveness of American LNG
description	The United States started lique fied natural gas (LNG) export in 2016 and just in two years became the world’s fourth largest exporter of LNG. There is a high probability that in the near future the U.S. will emerge as the third largest LNG exporter after Australia and Qatar. The article focuses on the factors, which ensure global competitiveness of U.S. LNG until 2030. The authors show that: first, the first wave of American export LNG projects significantly speeded up restructuring of contract system in the world gas trade as well as suppor ted development of a more flexible mechanism of natural gas pricing; secondly, production costs of the associated natural gas in the U.S. are relatively low and it is highly probable to expect Henry hub gas price to stabilize at around 2.5 dollars per MMBTU in the long run, what gives the American gas producers potential capability to significantly improve their global competitiveness by means of production and transportation costs reduction; fourthly, new waves of U.S. LNG export will not necessa rily be linked to the Henry Hub index, but to a wide range of price indicators, inclu ding the Brent oil price. With increasing flows of globally competitive Ameri can LNG entering the market, transformation of the institutional structure, contracts system and price mecha nism that have been unfold in the world LNG trade for the last ten to fifteen years became irreversible. That creates prerequisites for rapid formation of the world LNG market as well as with a some time lag of a global gas market.
format	article
author	S. V. Zhukov A. О. Maslennikov M. V. Sinitsyn
author_facet	S. V. Zhukov A. О. Maslennikov M. V. Sinitsyn
author_sort	S. V. Zhukov
title	Factors of Global Competitiveness of American LNG
title_short	Factors of Global Competitiveness of American LNG
title_full	Factors of Global Competitiveness of American LNG
title_fullStr	Factors of Global Competitiveness of American LNG
title_full_unstemmed	Factors of Global Competitiveness of American LNG
title_sort	factors of global competitiveness of american lng
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2019
url	https://doaj.org/article/f70cc813b46e4f32a3d99feca7d03e3c
work_keys_str_mv	AT svzhukov factorsofglobalcompetitivenessofamericanlng AT aomaslennikov factorsofglobalcompetitivenessofamericanlng AT mvsinitsyn factorsofglobalcompetitivenessofamericanlng
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Factors of Global Competitiveness of American LNG

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