Empirical Analysis of Natural Gas Markets

Dear Colleagues,

Recent developments warrant new analysis of the natural gas market. Abundant supplies of natural gas unearthed by hydraulic fracturing have altered the landscape for energy economics. Environmental, social, and governance (ESG) investments have accelerated the shift away from coal as the dominant source of electricity, in part because natural gas is the cleanest burning fossil fuel. The processing and liquefaction of natural gas remove most of its impurities, and compared to petroleum and coal combustion, natural gas combustion releases relatively little CO₂ and NO_X, among other pollutants. Its low environmental impact and reduced volume make liquefied natural gas (LNG) a popular source of energy during this time of transition between traditional fuels and newer options. Broad availability furthers the appeal of LNG. Unlike oil, whose sources are concentrated geographically, natural gas is extracted on six continents. In the United States, the shale gas revolution has made natural gas a game changer. Due to its many sources, even countries that import LNG can limit their supply-side risk by diversifying their suppliers. With this Special Issue, we will focus on empirical analyses of the natural gas market and its growing relevance worldwide.

Prof. Dr. David A. Anderson
Prof. Dr. Shigeyuki Hamori
Guest Editor

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