Analysis of QATAR's Asymmetric Behavior Productive in the World Gas Market
Yaghoub Andayesh (andayesh230@gmail.com),
Amir Hossein Montazer Hojat (a.mhojat@gmail.com) and
Eshagh Ghasemi (qasemiissac@gmail.com)
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Yaghoub Andayesh: Assistant Professor in Economics, University of Shahid Chamran
Amir Hossein Montazer Hojat: Associate Professor in Economics, University of Shahid Chamran
Eshagh Ghasemi: Ph.D Candidate Economics, University of Shahid Chamran
Quarterly Journal of Applied Theories of Economics, 2024, vol. 11, issue 1, 35-68
Abstract:
South Pars_North, The existence of the Dome gas field and the common membership of Qatar with Iran have given importance to analyzing Qatar's asymmetric behavior productively in the world gas market. Qatar's position in the world gas market and its excessive capacity in gas production provide an opportunity for an increase and decrease in the production of natural gas with changes in variables such as other members of the gas exporting countries production, shale gas production, world natural gas demand, world natural gas price, and the crude oil world price don't change to stabilize a systematic and aligned market. This paper investigated Qatar gas productive behavior using seasonal data from 2001 to 2021 and the autoregressive distributing (ARDL) method. The results showed that during changes (increase and decrease) in the mentioned variables, as the most important variables affecting the formation of changes in the supply and demand of world gas, Qatar Gas's productive behavior in the direction of aligned market stability will not change. And in the global gas market, Qatar shows similar behavior to Saudi Arabia in the worldwide oil market. Also, empirical results showed that in the long term, there is a significant relationship between Iran and Qatar gas production. By increasing Iran's natural gas production by one percent, Qatar's natural gas production will increase by less than one percent
Keywords: GECF; World Gas Market; ARDL; Qatar (search for similar items in EconPapers)
JEL-codes: Q41 Q47 Q49 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ris:qjatoe:0330
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