This book examines the geopolitical implications of the transforming global gas markets. Formerly a local and regional resource, gas is on the cusp of becoming a global commodity. Global LNG trade is rising and interconnections between previously isolated gas markets and gas pipeline...

European and national cartel authorities have required dominant national gas pipelines to auction off certain quantities (typically about 10 % of their sales) to competitors. Do such auctions really improve the competitiveness of the wholesale market? Based on a model where oligopolistic...