@misc{Lont_Paweł_Competition_2020,
 author={Lont, Paweł},
 identifier={DOI: 10.15611/pn.2020.6.10},
 year={2020},
 rights={Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy},
 publisher={Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu},
 description={Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2020; vol. 64, nr 6, s. 127-141},
 language={eng},
 abstract={The aim of this article is to assess the impact of the natural gas sector’s gradual transition towards a globally-traded commodity market for EU economies. The literature review provides evidence of regulatory, technological and business practice changes that have led to the development of a global gas market. A statistical analysis of the price spreads between the regions and of the differences in the LNG shipment costs is performed to verify whether competition over cargoes at a global level observed over the last years is not temporary. The results confirm that the market-based price indices have become a more relevant and popular form of price reference for short and long-term LNG supply contracts than oil indexation. The author concludes that the transition from regional markets to a global market has brought multiple benefits to EU economies that can be largely lost if Asian economies will be ready to pay substantial premiums for LNG cargoes in the future},
 title={Competition on the LNG market – consequences for the EU},
 type={artykuł},
}