Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.06.042 |
Is China's natural gas market globally connected? | |
Chai, Jian1,2,4; Wei, Zhaohao1; Hu, Yi3; Su (Sue), Siping4; Zhang, Zhe George4 | |
2019-09-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 132页码:940-949 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; USA |
英文摘要 | The rise of the shale gas industry and the need for clean, low-carbon energy transformation in China has meant that the relationship between domestic and foreign natural gas markets has become closer. Therefore, identifying the changing relationships between the major global natural gas markets and China's natural gas market has important practical value for the current Chinese domestic natural gas pricing system. This paper used the DCC-GARCH-NARDL-ARDL-ECM as the analytical framework to study these relationships, from which it was found that there was no unified global natural gas market and that China's natural gas market was not yet aligned with this market. It was shown that there was no significant asymmetry in the impact of international gas prices on China's gas prices as no flexible adjustment measures were found in China's imported natural gas pricing mechanism. Moreover, while international natural gas prices were found to have a significant impact on China's natural gas prices over the long term, there were obvious regional differences over the short term. Accordingly, new pricing policies should be designed to promote market-oriented natural gas pricing reforms in acknowledging features such as asymmetry, the difference between imported gas sources and the periodicity of price adjustment. |
英文关键词 | Natural gas market LNG Price linkage DCC-GARCH NARDL |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000483425800088 |
WOS关键词 | LNG ; TRADE ; DEMAND ; REFORM ; LEVEL ; PRICE |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/186571 |
专题 | 气候变化 |
作者单位 | 1.Shaanxi Normal Univ, Int Business Sch, Xian 710119, Shaanxi, Peoples R China; 2.Xidian Univ, Sch Econ & Management, Xian 710126, Shaanxi, Peoples R China; 3.Univ Chinese Acad Sci, Sch Econ & Management, Beijing 100190, Peoples R China; 4.Western Washington Univ, Dept Decis Sci, Coll Business & Econ, Bellingham, WA 98225 USA |
推荐引用方式 GB/T 7714 | Chai, Jian,Wei, Zhaohao,Hu, Yi,et al. Is China's natural gas market globally connected?[J]. ENERGY POLICY,2019,132:940-949. |
APA | Chai, Jian,Wei, Zhaohao,Hu, Yi,Su ,&Zhang, Zhe George.(2019).Is China's natural gas market globally connected?.ENERGY POLICY,132,940-949. |
MLA | Chai, Jian,et al."Is China's natural gas market globally connected?".ENERGY POLICY 132(2019):940-949. |
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