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Regulating Gas Supply to Power Markets examines the regulatory and institutional paradigms which evolved in the United States (US) and the United Kingdom (UK) in the 1980s–1990s with the aim of enhancing competitiveness and security of gas supply for energy purposes. Natural gas, a vital primary source of energy for the twenty-first-century economy, is poised to play a major role in the medium- to long-term outlook of energy systems worldwide. Its supply to power markets for electricity generation and other energy purposes through the stages of exploration, production, gathering, processing, transmission, and distribution have been a key driver in gas commercialisation over the past two to three decades. This book discusses insights from law and economics pertaining to gas and energy supply contracts, regulation, and institutions. It provides an in-depth ‘law-in-context’ analysis of the approaches to developing competitive and secure gas-to-power markets in an increasingly international, interrelated, and interconnected value chain.
What’s in this book:
Recognising a general move towards structural reforms and economic regulation of gas and energy markets globally, the author incisively addresses the following questions:
How this will help you:
In a law and policy environment where training and educational centres, lawyers, and public and corporate energy advisors are becoming more concerned about competitiveness and efficiency in gas resource allocation and pricing – and about high-quality governance frameworks for industries that depend on reliable gas supplies – this vital book will be warmly welcomed by lawyers, policymakers, energy consultants, analysts, regulators, corporate investors, academics, and institutions concerned with and engaged in the business of exploration, production, and supply of gas for energy purposes.