Advanced search
Publication Cover
Australasian Journal of Environmental Management Volume 28, 2021 - Issue 4: Meeting environmental objectives through energy sector reforms in Asia and the Pacific
Submit an article Journal homepage
137
Views
1
CrossRef citations to date
0
Altmetric
Articles

Understanding gas pricing mechanisms: implications for the Asian market

Yifei Caia Business School, Macau University of Science and Technology, Taipa, People’s Republic of China
&
Yanrui Wub Department of Economics, Business School, University of Western Australia, Perth, AustraliaCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0002-8966-1459
ORCID Icon
Pages 373-390 | Published online: 30 Sep 2021

References

  • Andrews, D. W. 1993. “Tests for Parameter Instability and Structural Change with Unknown Change Point.” Econometrica: Journal of the Econometric Society 61 (4): 821–856.
  • Asche, F., A. Oglend, and P. Osmundsen. 2015. Modelling UK Natural Gas Prices When Gas Prices Periodically Decouple from the Oil Price. USAEE Working Paper No. 15-206. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2596251.
  • Asche, F., P. Osmundsen, and M. Sandsmark. 2006. “The UK Market for Natural Gas, Oil and Electricity: Are the Prices Decoupled?” Energy Journal 27 (2): 27–40.
  • Atil, A., A. Lahiani, and D. K. Nguyen. 2014. “Asymmetric and Nonlinear Pass-Through of Crude Oil Prices to Gasoline and Natural Gas Prices.” Energy Policy 65: 567–573.
  • Bachmeier, L. J., and J. M. Griffin. 2006. “Testing for Market Integration: Crude Oil, Coal, and Natural Gas.” Energy Journal 27 (2): 55–71.
  • Bai, J., and P. Perron. 2003. “Computation and Analysis of Multiple Structural Change Models.” Journal of Applied Econometrics 18 (1): 1–22.
  • Balcilar, M., and Z. A. Ozdemir. 2013. “The Export–Output Growth Nexus in Japan: A Bootstrap Rolling Window Approach.” Empirical Economics 44 (2): 639–660.
  • Balcilar, M., Z. A. Ozdemir, and Y. Arslanturk. 2010. “Economic Growth and Energy Consumption Causal Nexus Viewed Through a Bootstrap Rolling Window.” Energy Economics 32 (6): 1398–1410.
  • Batten, J. A., C. Ciner, and B. M. Lucey. 2017. “The Dynamic Linkages Between Crude Oil and Natural Gas Markets.” Energy Economics 62: 155–170.
  • Brigida, M. 2014. “The Switching Relationship Between Natural Gas and Crude Oil Prices.” Energy Economics 43: 48–55.
  • Erdos, P. 2012. “Have Oil and Gas Prices Got Separated?” Energy Policy 49: 707–718.
  • Geng, J.-B., Q. Ji, and Y. Fan. 2016a. “The Behaviour Mechanism Analysis of Regional Natural Gas Prices: A Multi-Scale Perspective.” Energy 101: 266–277.
  • Geng, J.-B., Q. Ji, and Y. Fan. 2016b. “The Impact of the North American Shale Gas Revolution on Regional Natural Gas Markets: Evidence from the Regime-Switching Model.” Energy Policy 96: 167–178.
  • Hartley, P. R., K. B. Medlock, and J. E. Rosthal. 2008. “The Relationship of Natural Gas to Oil Prices.” Energy Journal 29 (3): 47–66.
  • Hou, C., and B. H. Nguyen. 2018. “Understanding the US Natural Gas Market: A Markov Switching VAR Approach.” Energy Economics 75: 42–53.
  • IEA. 2019. The Role of Gas in Today’s Energy Transitions. World Energy Outlook Special Report, International Energy Agency. Accessed January 2021. https://www.iea.org/reports/the-role-of-gas-in-todays-energy-transitions.
  • Jadidzadeh, A., and A. Serletis. 2017. “How Does the US Natural Gas Market React to Demand and Supply Shocks in the Crude Oil Market?” Energy Economics 63: 66–74.
  • Kerr, A. R. 2010. “Natural Gas From Shale Bursts Onto the Scene.” Science 328: 1624–1626.
  • Lin, B., and J. Li. 2015. “The Spillover Effects Across Natural Gas and Oil Markets: Based on the VECM Garch Framework.” Applied Energy 155: 229–241.
  • Oglend, A., M. E. Lindbaeck, and P. Osmundsen. 2016. “Shale Gas Boom Affecting the Relationship Between LPG and Oil Prices.” Energy Journal 36 (4): 265–286.
  • Panagiotidis, T., and E. Rutledge. 2007. “Oil and Gas Markets in the UK: Evidence from a Cointegrating Approach.” Energy Economics 29 (2): 329–347.
  • Ramberg, D. J., and J. E. Parsons. 2010. The Weak Tie between Natural Gas and Oil Prices. Center for Energy and Environmental Policy Research (CEEPR) No. 10-017. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1710686.
  • Shi, S., S. Hurn, and P. C. B. Phillips. 2019a. “Causal Change Detection in Possibly Integrated Systems: Revisiting the Money–Income Relationship.” Journal of Financial Econometrics 18 (1): 158–180.
  • Shi, X., and H. M. P. Variam. 2016. “Gas and LNG Trading Hubs, Hub Indexation and Destination Flexibility in East Asia.” Energy Policy 96: 587–596.
  • Shi, X., H. M. P. Variam, and Yifan Shen. 2019b. “Trans-ASEAN Gas Pipeline and ASEAN Gas Market Integration: Insights from A Scenario Analysis.” Energy Policy 132: 83–95.
  • Villar, J. A., and F. L. Joutz. 2006. The Relationship Between Crude Oil and Natural Gas Prices, 1–43. Energy Information Administration, Office of Oil and Gas. https://pdfs.semanticscholar.org/bad2/2c2a9a6227f401f2959e795e9b179192e446.pdf.
  • Wakamatsu, H., and K. Aruga. 2013. “The Impact of the Shale Gas Revolution on the US and Japanese Natural Gas Markets.” Energy Policy 62: 1002–1009.
  • Wolfe, M. H., and R. Rosenman. 2014. “Bidirectional Causality in Oil and Gas Markets.” Energy Economics 42: 325–331.
  • Wu, Y. R. 2013. “Gas Market Integration: Global Trends and Implications for the EAS Region.” Energy Strategy Reviews 2 (2): 138–145.
  • Zhang, D., and Q. Ji. 2018. “Further Evidence on the Debate of Oil–Gas Price Decoupling: A Long Memory Approach.” Energy Policy 113: 68–75.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.