We address investment in regulated natural gas pipelines when investment is lumpy and the demand for gas is stochastic … the demand for gas is very inelastic, the welfare losses associated from small deviations from a first best optimum are … minimal. This implies that the gas pipeline system can be regulated with a relatively simple set of transparent rules without …

paper we derive these tests. We prove the consistency of the proposed method and apply it to a sample of US natural gas … transmission companies in 2003 through 2007. We find that the total quantity of gas delivered and gas delivered in peak periods …

measurement to US natural gas transmission companies in 2007. This allows us to reduce dimensions of the optimization problem …

We provide the description and illustrative results of the World Gas Model, a multi-period complementarity model for … the global natural gas market. Market players include producers, traders, pipeline and storage operators, LNG liquefiers … world wide natural gas production and consumption. We also include a detailed representation of cross-border natural gas …

The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all … jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on … gas imports make this issue particular striking for the European energy market. In this paper we provide a comprehensive …

In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price … elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data … short and long-run elasticities of natural gas supply. Results suggest that natural gas producers in a competitive market …

quantitative analysis of the determinants of the debt ratio in project finance, using data on 26 liquefied natural gas (LNG) export …