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Gas Supplies for the World Market

Abstract:
The ability of natural gas to compete with other energy sources is increasingly favored by environmental and technological developments. Front a worldwide perspective, the gas reserves needed to satisfy this growing market are large (relative to gas demand) and are growing more rapidly. However, gets, unlike oil, is expensive to transport and many of the world's present gas reserves are in deposits that are too small or too remote to be of commercial value at present price levels. As a result, much of the supply will prove difficult to deliver to the markets that most need it, and the price consequences of market growth will vary from market to market.

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Energy Specializations: Natural Gas – Markets and Prices

JEL Codes:
L13 - Oligopoly and Other Imperfect Markets

Keywords: Natural gas supply, world gas markets, gas pipelines, LNG, gas prices, trade

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-NoSI-13


Published in Volume 15, Special Issue of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.