The World Market for Natural Gas. Implications for Europe

The book analyses the main issues for the gas industry: reserves, production, demand, infrastructures, prices, market leaders and regulation. After an introductory chapter, the book considers the evolution of gas reserve and production from world and regional perspectives with a focus on rising and declining countries. Past and future trends of world and regional demand are explained with a focus on the European power sector. The most important pipelines, regassification and liquefaction infrastructures are discussed in detail. Natural gas prices are examined with respect to the oil linkage, the role of speculation, and the impact of taxation. After a discussion of market leaders and clusters, the book ends with some conclusions about gas regulation in Europe and possible reforms