|
DOES THE SHALE GAS REVOLUTION SHAKE THE NATURAL GAS MARKET?
LI Jiangfeng, WU Qiaosheng, XUE Shuangjiao
Resources & Industries
2020, 22 (6):
89-97.
DOI: 10.13776/j.cnki.resourcesindustries.20201125.011
America's shale gas revolution alters its energy development, and also impacts the global energy pattern. This paper, based on its development and impacts of shale gas revolution, uses a quantitative model to reveal if it brings an impact on the natural gas markets of North America, Europe and Japan. On the basis of monthly data of 1988 June to 2018 May, BP breakpoint test model which structural mutation is adapted on the traditional unit root is used to analyze its characters of America's shale gas developing stages combined with related policies. Impulse response and variance is employed to study their correlation of the three big global gas markets before and after shale gas revolution. Sequence segmentation and industrial status of natural gas suggests the process and mechanism of America's shale gas revolution on global natural gas market. It is concluded that America's shale gas revolution raises its influence of American-European natural gas price on Asian market or even the global market.
Related Articles |
Metrics
|
|