The article develops an oligopoly model to analyze the potential role of LNG in the liberalization of gas market. The assumptions of the model and its results are then discussed using the forecasts of gas demand and production for the next two or three decades.

This article analyzes the pros and cons of ownership separation of the gas transportation network. This analysis is made with a specific test that confronts two pairs of different theoretical approaches on vertical integration. The result of this test shows that no uncontroversial solution can...

A primary concern of the European Union in recent years has been to promote the stability and assurance of the supply of energy to Member States. The European Council has identified the LNG chain as a way to achieve this goal, leading many EU-member States to adopt incentive regulations to...