English, Article, Journal or magazine article edition: Explaining experience curves for LNG liquefaction costs: Competition matter more than learning Mads Greaker and Eirik Lund Sagen

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Explaining experience curves for LNG liquefaction costs: Competition matter more than learning
Author
  • Mads Greaker and Eirik Lund Sagen
Physical Description
  • preprint
Notes
  • 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.
  • Learning curves; Mark-up pricing; LNG costs
  • RePEc:ssb:dispap:393
Language
  • English
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