Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets
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 wh...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/03/441658/competition-natural-gas-industry-emergence-spot-financial-pipeline-capacity-markets http://hdl.handle.net/10986/11559 |
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okr-10986-115592021-06-14T11:03:12Z Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets Juris, Andrej AUCTIONS CAPITAL MARKETS COMMODITY EXCHANGES CONSTRUCTION ELECTRICITY EMERGING MARKETS GAS GAS COMPANIES GAS COMPANY GAS CONTRACTS GAS INDUSTRIES GAS INDUSTRY GAS MARKET GAS MARKETS GAS PRICES GAS PRODUCTION GAS STORAGE GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRANSACTIONS GAS TRANSPORTATION MARKET COMPETITION MARKET CONDITIONS MARKET FORCES MARKET POWER MARKET RISK MARKET TRADING MARKET VALUE MONOPOLIES NATURAL GAS NATURAL GAS SUPPLY OIL PETROLEUM PIPE- LINE PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES PRICE CAP REGULATION PRICE CAPS PRICE CONTROLS PRICE RISK PRICE STRUCTURES PRICE VARIATIONS RETAIL SPOT MARKET SPOT MARKETS SPOT PRICES SUPPLY CONTRACTS VOLATILITY NATURAL GAS INDUSTRY CAPITAL MARKETS PRIVATE INVESTMENTS WHOLESALE TRADE MARKET ACCESS NATURAL GAS PIPELINES HORIZONTAL INTEGRATION VERTICAL INTEGRATION GOVERNMENT REGULATION CAPITAL MARKETS PRICING MARKET COMPETITION RISK MANAGEMENT RISK AVERSION PURCHASE TRANSACTIONS MARKET COMPETITION 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. 2012-08-13T15:23:39Z 2012-08-13T15:23:39Z 1998-03 http://documents.worldbank.org/curated/en/1998/03/441658/competition-natural-gas-industry-emergence-spot-financial-pipeline-capacity-markets Viewpoint. -- Note no. 137 (March 1998) http://hdl.handle.net/10986/11559 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
AUCTIONS CAPITAL MARKETS COMMODITY EXCHANGES CONSTRUCTION ELECTRICITY EMERGING MARKETS GAS GAS COMPANIES GAS COMPANY GAS CONTRACTS GAS INDUSTRIES GAS INDUSTRY GAS MARKET GAS MARKETS GAS PRICES GAS PRODUCTION GAS STORAGE GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRANSACTIONS GAS TRANSPORTATION MARKET COMPETITION MARKET CONDITIONS MARKET FORCES MARKET POWER MARKET RISK MARKET TRADING MARKET VALUE MONOPOLIES NATURAL GAS NATURAL GAS SUPPLY OIL PETROLEUM PIPE- LINE PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES PRICE CAP REGULATION PRICE CAPS PRICE CONTROLS PRICE RISK PRICE STRUCTURES PRICE VARIATIONS RETAIL SPOT MARKET SPOT MARKETS SPOT PRICES SUPPLY CONTRACTS VOLATILITY NATURAL GAS INDUSTRY CAPITAL MARKETS PRIVATE INVESTMENTS WHOLESALE TRADE MARKET ACCESS NATURAL GAS PIPELINES HORIZONTAL INTEGRATION VERTICAL INTEGRATION GOVERNMENT REGULATION CAPITAL MARKETS PRICING MARKET COMPETITION RISK MANAGEMENT RISK AVERSION PURCHASE TRANSACTIONS MARKET COMPETITION |
| spellingShingle |
AUCTIONS CAPITAL MARKETS COMMODITY EXCHANGES CONSTRUCTION ELECTRICITY EMERGING MARKETS GAS GAS COMPANIES GAS COMPANY GAS CONTRACTS GAS INDUSTRIES GAS INDUSTRY GAS MARKET GAS MARKETS GAS PRICES GAS PRODUCTION GAS STORAGE GAS SUPPLIERS GAS SUPPLIES GAS SUPPLY GAS TRANSACTIONS GAS TRANSPORTATION MARKET COMPETITION MARKET CONDITIONS MARKET FORCES MARKET POWER MARKET RISK MARKET TRADING MARKET VALUE MONOPOLIES NATURAL GAS NATURAL GAS SUPPLY OIL PETROLEUM PIPE- LINE PIPELINE PIPELINE NETWORK PIPELINE SYSTEM PIPELINE TRANSPORTATION PIPELINES PRICE CAP REGULATION PRICE CAPS PRICE CONTROLS PRICE RISK PRICE STRUCTURES PRICE VARIATIONS RETAIL SPOT MARKET SPOT MARKETS SPOT PRICES SUPPLY CONTRACTS VOLATILITY NATURAL GAS INDUSTRY CAPITAL MARKETS PRIVATE INVESTMENTS WHOLESALE TRADE MARKET ACCESS NATURAL GAS PIPELINES HORIZONTAL INTEGRATION VERTICAL INTEGRATION GOVERNMENT REGULATION CAPITAL MARKETS PRICING MARKET COMPETITION RISK MANAGEMENT RISK AVERSION PURCHASE TRANSACTIONS MARKET COMPETITION Juris, Andrej Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets |
| relation |
Viewpoint |
| description |
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. |
| format |
Publications & Research :: Viewpoint |
| author |
Juris, Andrej |
| author_facet |
Juris, Andrej |
| author_sort |
Juris, Andrej |
| title |
Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets |
| title_short |
Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets |
| title_full |
Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets |
| title_fullStr |
Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets |
| title_full_unstemmed |
Competition in the Natural Gas Industry : The Emergence of Spot, Financial, and Pipeline Capacity Markets |
| title_sort |
competition in the natural gas industry : the emergence of spot, financial, and pipeline capacity markets |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1998/03/441658/competition-natural-gas-industry-emergence-spot-financial-pipeline-capacity-markets http://hdl.handle.net/10986/11559 |
| _version_ |
1764417172548878336 |