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- W2181383475 abstract "Energy industry reform has become a global phenomenon. Though the framework varies widely across countries and regions, the international experience has shown that the fundamental objectives of these reforms have been generally similar. Due to its comparative advantage in terms of environmental consideration, natural gas development, especially in the developing countries, has attracted international attention. One of the major critical challenges of natural gas market development centers on developing a policy framework which encourages an appropriate market determined gas pricing as against the long history of regulated pricing. Despite the intrinsic peculiarities in terms of the international experiences and practices, valuable policy lessons can still be drawn with the intention of understanding the process, challenges and different policy options with respect to natural gas pricing in developing countries. It is against this background that this paper discusses and gives a thorough appraisal of the Nigerian natural gas pricing framework, its peculiarity, challenges and viable policy options with respect to current international experience. While highlighting basic economic theoretical framework underlying natural gas resource pricing, more specifically, the study the paper reviews the proposed natural gas pricing framework in Nigeria and offers a plausible policy options with respect to different pricing models. The methodological approach employed in this study is basically descriptive and analytical. As evidenced from this study, given the complexity of appropriate gas pricing, the paper proffers valuable policy lessons with respect to the ongoing proposed natural gas pricing in Nigeria." @default.
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- W2181383475 date "2011-01-01" @default.
- W2181383475 modified "2023-09-27" @default.
- W2181383475 title "Domestic Natural Gas Pricing: Issues and Policy Options for Nigeria." @default.
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