The main objective of this paper is to examine the role of regulation by formal and organizational institutions in restructuring and development of competitive and secure gas supply markets. The discussion focuses on relevant experiences in the U.S. and the EU pertaining to the implementation of...

The main aim of this paper is to examine the instrumental or facilitative role of law and regulation in the development of energy markets (especially gas supply to electricity markets) by highlighting relevant issues from jurisdictions such as the US, EU and Nigeria. The discussion will be...

OPEC's Monthly Oil Market Report (May, 2011) depicts that the price of OPEC's Reference Basket increased in April, 2011 by about $8.25 compared to March, 2011 and by $35.76 from a year earlier. The Nymex WTI and ICE Brent contracts also witnessed their highest prices since the global financial...

While the regulatory and institutional reforms in the Nigerian electricity sector, as envisaged under the National Electric Power Policy 2001 and the Nigerian Electric Power Sector Reform Act 2005, appear to be on a steady path, the reforms in the petroleum industry, as envisaged under the...

While developed economies like the United States, the United Kingdom and Germany are often cited as classic examples of successful liberalised and private-sector led electricity markets, events such as: (i) the California electricity crisis of 2000-2001; (ii) the blackouts in parts of North America...

The aim of this chapter is to identify and discuss the relationship between energy-related conflicts, crises and disasters on the one hand and security of energy supplies in the international energy industry (especially oil and gas, which are the main primary forms of energy sources) on the...

Over the past two decades, natural gas has increasingly become the preferred primary source of energy, especially for electricity generation. Developing countries with significant gas reserves, such as Nigeria, had previously dealt with gas mainly as a revenue earner through export projects....

The United Kingdom's Emissions Trading Scheme has its roots in the European Union Emissions Trading Scheme and these are both hinged on the effectiveness of the “cap and trade system”.The system and the scheme have had their criticisms, especially with regard to their capacity to actually...

The introduction of liberalisation and concepts such as third-party access, network ownership unbundling and competition in the EU’s internal energy market following the first, second and third sets of EU legislative packages and directives had the effect of requiring Member States to...

Nigeria has been noted to hold the largest proven natural gas reserves in Africa as well as being one of the top ten LNG exporting countries globally for several years. It is however paradoxical that natural gas currently accounts for only about 6% of the nation’s total primary energy supply....