Publication: Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets
Date
1998-03
ISSN
Published
1998-03
Author(s)
Juris, Andrej
Abstract
Countries in Asia, Europe, and North and
South America are introducing reforms to boost efficiency
and attract new private investment in their natural gas
industries. The trend has been to unbundle along vertical
and horizontal lines and to open wholesale gas markets to
new entrants. These new entrants stimulate competition and
the development of new markets--in gas supply, in financial
gas contracts, and in pipeline capacity. Such has been the
success of these new markets--especially in the United
States and the United Kingdom-- that it has prompted a
search for other potential markets in the industry. This
Note, part of the broad effort to aid reformers by
disseminating knowledge from early reforms, describes the
underlying structural and trading arrangements in the gas
and pipeline markets. Two companion Notes examine these
markets in the United Kingdom and the United States.
Citation
“Juris, Andrej. 1998. Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets. Viewpoint. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/89d6e12e-719f-5dbc-a4d5-f9af6034317e License: CC BY 3.0 IGO.”
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