| Article ID: | iaor20133399 |
| Volume: | 47 |
| Issue: | 2 |
| Start Page Number: | 117 |
| End Page Number: | 124 |
| Publication Date: | Aug 2012 |
| Journal: | Energy Policy |
| Authors: | Asche Frank, Oglend Atle, Osmundsen Petter |
| Keywords: | energy, petroleum |
What significance will developments in shale gas production have for European gas prices? Some commentators paint a gloomy picture of the future gas markets. But most forecasts for the oil market are positive. Consequently, a view appears to prevail that price trends will differ sharply between oil and gas markets. This article looks at developments in US shale gas production and discusses their impact on the movement of European gas prices. The relationship between oil and gas prices over time is also analysed.