Issues in Global Natural Gas: A Primer and Analysis

February 1, 2002

Preview Citation

Format: Chicago

Bright E Okogu. Issues in Global Natural Gas: A Primer and Analysis, (USA: International Monetary Fund, 2002) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Commodities, Economic sectors, Fuel prices, National accounts, Natural gas sector, Oil, Oil prices, Prices, Transportation

Keywords: Asia and Pacific, Base price, Cross price elasticity result, Economic rent, Equilibrium price, Europe, Fuel prices, Gas market, Gas price, Gas pricing, Gas supplier, Gas trade, Global, Investment, LNG, Middle East, Natural gas, Natural gas sector, North America, Oil, Oil prices, Outside gas exporter, Paper market, Pipeline, Pipeline gas project, Price cushion, Sales and purchase agreement, Supply price, Transportation, Transportation constraint, Transportation infrastructure, User cost, Utility service, Wellhead price, WP

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/040
Stock No:

WPIEA0402002
ISBN:

9781451845983
ISSN:

1018-5941

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