Dynamics of Australia's LNG export performance: A modified constant market shares analysis

Liu, Y; Shi, X; Laurenceson, J

Dynamics of Australia's LNG export performance: A modified constant market shares analysis

Liu, Y Shi, X Laurenceson, J

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Publisher:: Elsevier BV
Publication Type:: Journal Article
Citation:: Energy Economics, 2020, 89, pp. 104808-104808
Issue Date:: 2020-06-01

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Field	Value	Language
dc.contributor.author	Liu, Y
dc.contributor.author	Shi, X
dc.contributor.author	Laurenceson, J https://orcid.org/0000-0002-3991-0082
dc.date.accessioned	2020-07-02T23:56:05Z
dc.date.available	2020-07-02T23:56:05Z
dc.date.issued	2020-06-01
dc.identifier.citation	Energy Economics, 2020, 89, pp. 104808-104808
dc.identifier.issn	0140-9883
dc.identifier.uri	http://hdl.handle.net/10453/141717
dc.description.abstract	© 2020 Elsevier B.V. With continuous growth, the global LNG market is becoming increasingly competitive over time, and Australia is at the forefront. This paper makes the first attempt to analyse the dynamics of Australia's LNG export performance, using an improved Constant Market Share (CMS) model and UN Comtrade LNG trade data in four sub-periods spanning 1989 to 2017. It reveals that apart from the aggregate unfavourable Market Effect and favourable Adaptation Effect, the Competitiveness Effect has contributed the most to Australia's LNG export performance over the past three decades, particularly in Australia's existing LNG markets. A further breakdown of Australia's Competitiveness Effect quantifies the direct bilateral competition between Australia and its rivals. The results reveal that Australian LNG export performance faces challenges in the future. This study suggests that Australian LNG exporters must keep their pace with the new players, expand existing markets, and prepare for the impacts of changes in the pricing mechanism.
dc.language	en
dc.publisher	Elsevier BV
dc.relation.ispartof	Energy Economics
dc.relation.hasversion	Accepted Manuscript Version	en_US
dc.relation.isbasedon	10.1016/j.eneco.2020.104808
dc.rights	info:eu-repo/semantics/embargoedAccess
dc.subject	0906 Electrical and Electronic Engineering, 0913 Mechanical Engineering, 1402 Applied Economics
dc.subject.classification	Energy
dc.title	Dynamics of Australia's LNG export performance: A modified constant market shares analysis
dc.type	Journal Article
utslib.citation.volume	89
utslib.for	0906 Electrical and Electronic Engineering
utslib.for	0913 Mechanical Engineering
utslib.for	1402 Applied Economics
pubs.organisational-group	/University of Technology Sydney/DVC (International)
pubs.organisational-group	/University of Technology Sydney/DVC (International)/Australia-China Relations Institute
pubs.organisational-group	/University of Technology Sydney
utslib.copyright.status	open_access	*
utslib.copyright.embargo	2022-06-01T00:00:00+1000Z
dc.date.updated	2020-07-02T23:56:01Z
pubs.publication-status	Published
pubs.volume	89

Abstract:

© 2020 Elsevier B.V. With continuous growth, the global LNG market is becoming increasingly competitive over time, and Australia is at the forefront. This paper makes the first attempt to analyse the dynamics of Australia's LNG export performance, using an improved Constant Market Share (CMS) model and UN Comtrade LNG trade data in four sub-periods spanning 1989 to 2017. It reveals that apart from the aggregate unfavourable Market Effect and favourable Adaptation Effect, the Competitiveness Effect has contributed the most to Australia's LNG export performance over the past three decades, particularly in Australia's existing LNG markets. A further breakdown of Australia's Competitiveness Effect quantifies the direct bilateral competition between Australia and its rivals. The results reveal that Australian LNG export performance faces challenges in the future. This study suggests that Australian LNG exporters must keep their pace with the new players, expand existing markets, and prepare for the impacts of changes in the pricing mechanism.

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http://hdl.handle.net/10453/141717