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United States natural gas markets, contracts and risks: What lessons for the European Union and Asia-Pacific natural gas markets?

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  • Talus, Kim

Abstract

The article examines the natural gas markets of the United States, the European Union and the Asia-Pacific region and their regulation and contractual structures. The article׳s main focus is on the United States natural gas markets. The European Union and Asia-Pacific markets are compared to this more developed market. By comparing the physical and ideological characteristics of, and differences between, the three main international gas markets, the article exposes the limits of regulatory and contractual transplants in this area of law and policy. Each of these markets is unique, which limits the opportunities for modelling certain market institutions on the basis of the more developed markets in the United States. This applies for both the EU and the Asia-Pacific region.

Suggested Citation

  • Talus, Kim, 2014. "United States natural gas markets, contracts and risks: What lessons for the European Union and Asia-Pacific natural gas markets?," Energy Policy, Elsevier, vol. 74(C), pages 28-34.
    • Handle: RePEc:eee:enepol:v:74:y:2014:i:c:p:28-34
    DOI: 10.1016/j.enpol.2014.07.023
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    Citations

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    Cited by:

    1. Westphal, Kirsten, 2014. "Institutional change in European natural gas markets and implications for energy security: Lessons from the German case," Energy Policy, Elsevier, vol. 74(C), pages 35-43.
    2. Malcolm Abbott & Xiaoying Ma, 2017. "Economic Regulation in Australia: The Case of the New South Wales Gas," Economic Papers, The Economic Society of Australia, vol. 36(3), pages 250-265, September.
    3. Amoiralis, Eleftherios I. & Andriosopoulos, Kostas, 2017. "Challenges for a compliance officer in the liberalized EU energy market: A case study on the Greek gas transmission system operator," Energy Policy, Elsevier, vol. 110(C), pages 117-125.
    4. Aalto, Pami, 2014. "Institutions in European and Asian energy markets: A methodological overview," Energy Policy, Elsevier, vol. 74(C), pages 4-15.
    5. Aalto, Pami, 2014. "Energy market integration and regional institutions in east Asia," Energy Policy, Elsevier, vol. 74(C), pages 91-100.
    6. Arnold, Lutz G. & Arnold, Volker, 2024. "Energy imports and manufacturing exports with successive oligopolies and storage," Energy Economics, Elsevier, vol. 133(C).
    7. Dong, Kangyin & Sun, Renjin & Wu, Jin & Hochman, Gal, 2018. "The growth and development of natural gas supply chains: The case of China and the US," Energy Policy, Elsevier, vol. 123(C), pages 64-71.

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