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Ownership Separation of the Gas Transportation Network: Theory and Practice

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  • Susanna Dorigoni
  • Federico Pontoni

Abstract

This article analyzes the pros and cons of ownership separation of the gas transportation network. This analysis is made with a specific test that confronts two pairs of different theoretical approaches on vertical integration. The result of this test shows that no uncontroversial solution can be offered to this problem, since all arguments (be them in favour or against) can be comfortably contrasted by a counterargument. In our view, an effective regulation would solve the problem, even though it has to be highlighted that ownership separation of the gas transportation network is not the key aspect of the gas industry. EU directives, in fact, cannot be applied where the biggest part of the value chain is produced, that is to say beyond the European borders, where an oligopoly operates. Due to its bargaining power, this oligopoly captures almost all the scarcity rent, reducing the scope for market liberalization.

Suggested Citation

  • Susanna Dorigoni & Federico Pontoni, 2010. "Ownership Separation of the Gas Transportation Network: Theory and Practice," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 0(2), pages 57-83.
    • Handle: RePEc:fan:efeefe:v:html10.3280/efe2010-002003
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    Citations

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    Cited by:

    1. Cédric Clastres & Catherine Locatelli, 2012. "European Union energy security: the challenges of liberalisation in a risk-prone international environment Society," Post-Print halshs-00787123, HAL.
    2. Tsatsos, Aristidis, 2012. "Die Liberalisierung des russischen Gassektors: 3 Szenarios? [The liberalisation of the Russian gas sector: 3 scenarios?]," MPRA Paper 44623, University Library of Munich, Germany.
    3. Catherine Locatelli, 2012. "Relations UE-Russie : les enjeux d'une nouvelle architecture gazière," Post-Print halshs-00755640, HAL.
    4. Testa, Federico & Stagnaro, Carlo, 2011. "Reti di trasporto nazionale e concorrenza nei mercati del gas: il caso Eni-Snam Rete Gas [Networks and competition in natural gas markets: the case of Eni-Snam Rete Gas]," MPRA Paper 48698, University Library of Munich, Germany.

    More about this item

    Keywords

    Separazione proprietaria; chiusura verticale; capacit? negoziale;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L42 - Industrial Organization - - Antitrust Issues and Policies - - - Vertical Restraints; Resale Price Maintenance; Quantity Discounts
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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