Markets for Natural Gas

  • Subhes C. Bhattacharyya


This chapter introduces the specific features of the natural gas market and shows why the industry has developed in a different way than the oil industry. It then indicates the efforts being made in transforming the regional markets into a global market. The economics of the gas market relevant to the developed and the developing countries is also presented.


Pipeline Transport Pipeline Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Banks FE (1987) The political economy of natural gas. Croom Helm, LondonGoogle Scholar
  2. Brown SP, Yucel MK (2007) What drives natural gas prices? Working paper 0703, Federal Reserve Bank of Dallas, Dallas, Texas, USAGoogle Scholar
  3. Chenery HB (1949) Engineering production functions. Q J Econo 63(4):507–531CrossRefGoogle Scholar
  4. Davidson A, Hurst C, Mabro R (1988) Natural gas: Governments and oil companies in the third world, OIES. Oxford University Press, LondonGoogle Scholar
  5. Energy Charter Secretariat (2009) Fostering LNG trade: developments in LNG trade and pricing, Energy Charter Secretariat, Brussels, BelgiumGoogle Scholar
  6. ESMAP (2003) Cross-border oil and gas pipelines: problems and prospects, energy sector management assistance programme. The World Bank, Washington, DC, USAGoogle Scholar
  7. Ibata B (2009) To develop or not to develop a natural gas market in the Republic of Congo? Unpublished doctoral thesis, University of Dundee, DundeeGoogle Scholar
  8. IEA (2000) Regulatory reform European gas, IEA, ParisGoogle Scholar
  9. Jensen JT (2004) The development of a global LNG market: is it likely? If so, when?. Oxford Institute of Energy Studies, Oxford, UKGoogle Scholar
  10. Julius DeAnne, Mashayekhi A (1990) The economics of natural gas: pricing, planning and policy. Oxford University Press, LondonGoogle Scholar
  11. Juris A (1998a) The emergence of natural gas markets. World Bank working paper, WPS 1895, World Bank, Washington, DCGoogle Scholar
  12. Juris A (1998b) Market developments in the United Kingdom’s natural gas industry. Policy research working paper 1890, World Bank, Washington, DCGoogle Scholar
  13. Massol O (2009) Cost function for the natural gas transmission industry: further considerations, Cahiers de recherche 09.09.86, CREDEN. University of Montpellier, Montpellier, FranceGoogle Scholar
  14. Miyamoto A, Ishiguro C (2009) A new paradigm for natural gas pricing in Asia: a perspective on market value, NG 28. Oxford Institute for Energy Studies, Oxford, UKGoogle Scholar
  15. Newbery DGM (1999) Privatisation, restructuring and regulation of network utilities. MIT Press, MassGoogle Scholar
  16. Noble P (2009) A short history of LNG shipping 1959–2009. SNAME, Texas section (see
  17. Okimi H (2003) Comparative economy of LNG and pipelines in gas transmission. Paper for world gas conference 2003, Japan. See
  18. Percebois J (1986) Gas market prospects and relationship with oil prices. Energy Policy 14(4):329–346CrossRefGoogle Scholar
  19. Rogner HH (1989) Natural gas as the fuel for the future. Ann Rev Energy 14:47–73CrossRefGoogle Scholar
  20. Stern J (2007) Is there a rationale for the continuing link to oil product prices in Continental European long-term gas contracts, NG 19. Oxford Institute for Energy Studies, Oxford, UKGoogle Scholar
  21. Teece DJ (1996) The uneasy case for mandatory contract carriage in the natural gas industry, in New Horizons in Natural Gas Deregulation. Praeger, LondonGoogle Scholar
  22. Thanawat N, Bhattacharyya SC (2007) High gas dependence for power generation in Thailand: the vulnerability analysis. Energy Policy 35(6):3335–3346CrossRefGoogle Scholar
  23. Thomas S, Dawe RA (2003) Review of ways to transport natural gas energy from countries which do not need the gas for domestic use. Energy 28(14):1461–1477CrossRefGoogle Scholar
  24. Viscusi K, Vernon JM, Harrington JE Jr (2005) Economics of regulation and antitrust. MIT Press, MassGoogle Scholar
  25. Yepez RA (2008) A cost function for the natural gas transmission industry. Eng Econ 53(1):68–83CrossRefGoogle Scholar

Copyright information

© Springer-Verlag London Limited 2011

Authors and Affiliations

  1. 1.Centre for Energy, Petroleum and Mineral Law and Policy, University of DundeeDundeeUnited Kingdom

Personalised recommendations