Yemen is planning to export gas through Yemen Liquefied Natural Gas (YLNG) starting from 2009. Yemen is also aiming to develop the domestic gas market, in particular gas-to-power. Liquefied Natural Gas (LNG) export revenue and domestic gas sales are expected to partially offset the decline in...

The flaring of natural gas produced as part of crude oil production operations is a well-known practice which increasingly becomes a non-acceptable option around the globe. In 2010, the Global Gas Flaring Reduction Partnership (GGFR) at the World Bank reported that nearly 5TCF (trillion standard...

Vietnam's gas sector is at a critical point. Vietnam's gas industry, from the producing field to the end-user, is already a vital component of the nation's energy economy and has the potential for major growth. Successes in the past decade have created a strong prospective demand for gas....

This report summarizes a strategy for accelerating the liberalization of the natural gas market in Turkey in line with the objectives of the Natural Gas Market Law of 2001 (Law 4646). It focuses on the desired future framework for the natural gas market and indicates the changes that need to be...

Substantial progess has been made in Pakistan in the restructuring and reform of the oil and gas sectors, deregulation of prices, and privatization of selected assets. The reforms have enhanced transparency, making decisionmakers aware of the various aspects of the business. This review...

"The author assesses empirically the relationship between natural disaster risk and investment in education. Although the results in the empirical literature tend to be inconclusive, using model averaging methods in the framework of cross-country and panel regressions, this paper finds an...

"The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...

"Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...

"Lopez-de-Silanes examines the theoretical and empirical literature pertaining to securities laws and their enforcement by regulators and courts to establish what is known and what is yet unclear. Recent empirical research in the field has established that law matters. Mandatory disclosure...