The Evolution of Natural Gas Market Integration: From Regional Segmentation to Global Interconnectedness. Insights from a Literature Review

Milan Hudak

European Journal of Interdisciplinary Studies, 2024, issue 02

Abstract: This article provides a review of academic studies on natural gas market integration, tracing the shift from regional segmentation to global interconnectedness. It explores the roles of market liberalization, infrastructure development, and liquefied natural gas (LNG) trade growth in transforming the global gas landscape. By analyzing key methodological approaches, the review highlights the progression of integration in European, North American, and Asian markets. The findings underscore the increasing interconnectedness of gas markets, the challenges of achieving full global integration, and the implications for pricing, investment, and energy security.

Keywords: Gas market integration; gas trading; liquefied natural gas (LNG); European gas market; cointegration (search for similar items in EconPapers)
JEL-codes: G12 L16 L95 Q40 (search for similar items in EconPapers)
Date: 2024
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