Prospects for the Formation of a Global Natural Gas Market: Price Analysis of European, Asian, American Gas Markets

Research background: Natural gas markets are facing an ongoing process of diffusion natural liquefaction (LNG) technology. High mobility and relative ease LNG use predetermine a huge potential for globalization the formation single price space similar to oil world market. Purpose article: The purpose article is determining degree convergence offering assessment prospects globalization. Methods: authors conducted comparative analysis statistics on historical prices in markets, reviewed scientific practice-oriented literature this topic. developed brief forecast model based statistical methods develop their own development global Findings & Value added: paper contains most relevant assessments three key (Europe, Asia, USA) descripts authors’ emergence On one hand, revealed fairly high correlation between worldwide, other supplies not only form supplies. In addition, regional pricing features lead independence among themselves. Moreover, current crisis may slow down market due restrictions profitability potentially new projects.