01793cas a2200253 a 4500 AALejournalIMF007248 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455266449 1018-5941 BD-DhAAL BD-DhAAL De Bock, Reinout. Will Natural Gas Prices Decouple From Oil Prices Across the Pond? / Reinout De Bock, Jose Gijon. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe's key gas suppliers. Taking into account total gas exports and cyclical conditions in partner countries, we find that gas prices remain linked to oil prices, though the nexus has loosened. Both high oil prices and a modest industrial recovery in partner countries have kept gas exports at low levels in recent years, suggesting changing market forces. The paper then shows how such shifts can have important macroeconomic implications for a big gas exporter such as Algeria. Mode of access: Internet Gijon, Jose. IMF Working Papers; Working Paper ; No. 2011/143 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/143/001.2011.issue-143-en.xml IMF e-Library