Chapter 1. All Value Chains Begin Upstream -- Chapter 2. The Gas-Power Nexus -- Chapter 3. Petrochemicals: An Industrial Renaissance? -- Chapter 4. LNG in the Global Context -- Chapter 5.Natural Gas Worldwide: Where Are the Markets, Where Are They Heading? -- Chapter 6. Building Sustainable...

Natural gas markets have undergone momentous changes, worldwide. This book updates and expands on the dynamics, performance and forward path of expanding natural gas use in the US and worldwide, including international trade. It brings together major research themes and findings with recent...

In many capital-intensive markets, sellers sign long-term contracts with buyers before committing to sunk cost investments. Ex-ante contracts mitigate the risk of under-investment arising from ex-post bargaining. However, contractual rigidities reduce the ability of firms to respond flexibly to...