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• W1513133054 abstract "Significant growth in trade in natural gas has been a major feature of international energy markets in recent years (see figure 1.3, p. 11). As discussed in earlier chapters in this volume, such growth is expected to accelerate in the coming decades. The increasing importance of natural gas to the major modern economies is raising new concerns regarding the security of gas supplies and the potential formation of a gas cartel similar to the Organization of Petroleum Exporting Countries (OPEC) that currently dominates oil markets. Presently, OPEC's mandate does not cover condensates, natural gas, and other petroleum-based liquids that are not technically defined as crude oil. However, many of the members of OPEC are major players in international gas markets. As growing natural gas use increasingly impinges on market share for oil in the mix of world primary energy demand, OPEC members will be tempted to consider cartelization of their gas sales activities. This chapter investigates the feasibility of the formation of a natural gas cartel and the potential limitations to any monopoly power wielded by such a group." @default.
• W1513133054 created "2016-06-24" @default.
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• W1513133054 date "2006-06-29" @default.
• W1513133054 modified "2023-09-26" @default.
• W1513133054 title "Market structure in the new gas economy: is cartelization possible?" @default.
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• W1513133054 doi "https://doi.org/10.1017/cbo9780511493492.014" @default.
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