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The Economics of Natural Gas Utilization in Developing Countries: Methodology

The sharp oil price increases of the 1970s, and the consequent balance-of-payments difficulties, encouraged many oil-importing developing countries to develop and exploit their indigenous energy resources. Today, several developing countries with commercially attractive reserves of natural gas (for example, Bangladesh, Egypt, Pakistan, and Thailand) have seriously begun to use their gas resources for internal domestic and industrial purposes as well as for exports. They now confront the basic economic question of how to value gas resources and how to allocate them.

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Energy Specializations: Natural Gas – Markets and Prices; Energy Access – Energy Poverty and Equity

JEL Codes:
L13 - Oligopoly and Other Imperfect Markets
Q56 - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

Keywords: Natural gas, developing countries, Bangladesh, Egypt, Pakistan

DOI: 10.5547/ISSN0195-6574-EJ-Vol6-No3-7

Published in Volume 6, Number 3 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.