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Natural Gas Across Country Borders: An Introduction and Overview

Abstract:
In the last several years, market forces and institutions have transformed international natural gas markets in fundamental ways. Natural gas today is relatively easy to transport over water, and an increasing volume of purchases flow through the spot market. As trade grows, regional prices start to move with each other. Although one does not need formal modeling to describe these new developments, it is also evident that the modeling process improves our basic understanding of how these trends reshape the natural gas outlook.

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Energy Specializations: Natural Gas – Pipelines ; Natural Gas – Markets and Prices; Natural Gas – Policy and Regulation

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q35: Hydrocarbon Resources, Q40: Energy: General, Q38: Nonrenewable Resources and Conservation: Government Policy, L95: Gas Utilities; Pipelines; Water Utilities

Keywords: Natural gas, LNG, transport, trade

DOI: 10.5547/ISSN0195-6574-EJ-Vol30-NoSI-1


Published in Volume 30, Special Issue of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.