Issues in Global Natural Gas; A Primer and Analysis

This paper discusses the rising profile of natural gas in global energy, factors constraining its further development, the gas contracting process, and the absence of a global market, which is analyzed in the context of the economic rent in the gas price and the opaque nature of gas contracts. A proposal for rationalizing the trade to ease these constraints is offered. Gas pricing, and factors driving demand are also analyzed using evidence from the literature. FDI can help to monetize some of the 'stranded' gas reserves, but success would depend on an investor-friendly climate, including appropriate tariff regimes in the domestic markets.

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Year of publication:	2002-02-01
Authors:	Okogu, Bright Erakpoweri
Institutions:	International Monetary Fund (IMF)
Subject:	Natural gas \| gas market \| gas trade \| gas demand \| price of coal \| gas reserves \| gas chain \| gas price \| gas pricing \| demand for power generation \| gas industry \| gas projects \| energy information administration \| opec \| pipeline network \| gas sector \| gas markets \| gas supply \| methane \| gas contract \| gas prices \| oil and oil prices \| oil market \| gas producers \| gas producer \| gas business \| natural gas reserves \| pipeline capacity \| crude oil \| natural gas price \| gas fields \| cost of natural gas pricing \| gas contracting \| liquefied oil companies \| gas users \| associated gas production \| pipeline transportation \| gas pipeline \| fuel switching \| fuel mix \| competitive bidding process \| gas development \| emission \| natural gas trade \| gas contracts \| gas field \| natural gas industry \| liquid petroleum \| gas-rich countries \| oil futures \| natural gas futures \| pipeline system \| emission standards \| lng plant \| gas exploration and development \| lng industry \| production of petrochemical industry \| wellhead price \| wellhead prices \| sulfuric acid \| gas companies \| gas exploration \| petrochemical products \| gas purchase \| crude oils \| gas imports \| gas transportation \| petroleum gas field development \| gas rising \| storage facilities \| petroleum products \| fuel sources \| gas utilities \| international oil companies \| gas suppliers \| gas policy \| fossil fuels \| price of gas infrastructure \| ammonia \| million tons of oil \| economic theory \| natural gas imports \| natural gas projects \| power plants \| petroleum product taxation \| profile of greenhouse gases \| distribution companies \| gas system \| lead \| liquefied petroleum downstream national gas supplier \| fuel cell \| gas sales \| crude oil prices \| combustion \| gas delivery \| reservoir pressure \| pipeline investment \| gas development project \| gas exports \| gas pipelines \| hydrocarbons \| gas company \| fuel supply

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 02/40 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005605175