Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192375 
Year of Publication: 
2004
Series/Report no.: 
Discussion Papers No. 393
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
In this paper we seek to identify different driving forces behind the fall in LNG liquefaction unit costs. Our focus is on organizational learning including process specific R&D, but we also seek to account for autonomous technological change, scale effects and the effects of upstream competition among liquefaction technology suppliers. To our surprise we find that upstream competition is by far the most important factor. This may have implications for the future development in costs as the effect of increased upstream competition is temporary and likely to weaken a lot sooner than effects from learning and technological change. On the other hand, the increased competition could also spur more innovation, and induce a new drop in future unit costs.
Subjects: 
Learning curves
Mark-up pricing
LNG costs
JEL: 
O31
Q41
Q55
Document Type: 
Working Paper

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