Will Natural Gas Prices Decouple From Oil Prices Across the Pond? /

We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe's key gas suppliers. Taking into account total gas exports and...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: De Bock, Reinout
Muut tekijät: Gijon, Jose
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2011.
Sarja:IMF Working Papers; Working Paper ; No. 2011/143
Linkit:Full text available on IMF
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245 1 0 |a Will Natural Gas Prices Decouple From Oil Prices Across the Pond? /  |c Reinout De Bock, Jose Gijon. 
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300 |a 1 online resource (21 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe's key gas suppliers. Taking into account total gas exports and cyclical conditions in partner countries, we find that gas prices remain linked to oil prices, though the nexus has loosened. Both high oil prices and a modest industrial recovery in partner countries have kept gas exports at low levels in recent years, suggesting changing market forces. The paper then shows how such shifts can have important macroeconomic implications for a big gas exporter such as Algeria. 
538 |a Mode of access: Internet 
700 1 |a Gijon, Jose. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/143 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/143/001.2011.issue-143-en.xml  |z IMF e-Library