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- Title
Geopolitical Risk and the LNG-LPG Trade.
- Authors
Michail, Nektarios A.; Melas, Konstantinos D.
- Abstract
We explore the relationship between Liquified Natural Gas (LNG) and Liquified Petroleum Gas (LPG) carrier freight rates and global geopolitical risk, while also controlling for the macro environment. Our results show that a shock in geopolitical risk significantly increases the cost of the spot charter rates for both LNG and LPG carriers, with the impact reaching around 25% for the former and 18% for the latter. Our results bear significant implications for both the companies and the countries involved in the liquefied gas trade, with its importance growing as the use of this energy source is likely to continue substituting other fossil fuels in the future.
- Subjects
LIQUEFIED petroleum gas; LIQUEFIED natural gas; LIQUEFIED gases; FREIGHT &; freightage rates; GEOPOLITICS
- Publication
Peace Economics, Peace Science, & Public Policy, 2022, Vol 28, Issue 3, p243
- ISSN
1554-8597
- Publication type
Article
- DOI
10.1515/peps-2022-0007