This paper examines 16 Japanese, South Korean, Taiwanese, and Spanish LNG import price series to illustrate how allowing for structural breaks in the LNG-oil relationship reveals cointegration in pricing.
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
This working paper is one in a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
This working paper is one of a series submitted for the Oct. 1, 2015, Baker Institute event "Currency Policy Then and Now: 30th Anniversary of the Plaza Accord."
In this paper, author Peter Hartley examines the recent evolution of markets for LNG, focusing especially on the increasing amount of LNG being traded spot or under short-term contracts of less than four-years duration. Hartley argues that explanations for this increase, and other recent changes in LNG trading, imply that the proportion of LNG being traded under long-term contracts is likely to continue to decline and that the flexibility of long-term contracts for trading LNG is likely to continue to increase.