The impact of natural gas exports from the U.S. to Europe
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- Master Thesis 
This thesis analyses the quantitative impact of potential liquid natural gas exports from the U.S. to the European market. I establish a simple, analytically transparent and tractable framework for supply and demand. In order to get quantitative estimates I combine this analytical framework with estimated demand and supply elasticities from existing literature. I find that exported quantity from the U.S. market will be approximately 20 % of produced quantity, and that domestic price will increase with approximately 11 %. In Europe the price will decrease by almost a fifth. I also find the future price and traded quantity to be mostly affected by elasticities in the European market, not the U.S. market. Finally, I find the prices in the futures market to adjust in the same pattern as this analysis, but I cannot identify that this is caused by expected LNG exports.