Abstract
Gas markets are becoming increasingly important around the world and the long-term evolution of these markets is of strategic importance for many countries. This makes it essential to understand how regulation and intervention in these markets affects the long-term prospect for the secure supply of gas. We use Argentina as a case to illustrate some of the issues and consequences of gas regulation. Argentina is a country that has had a significant increase in the use of gas over the years, and where a potential gas deficit looms large in the present and the future. Based on a simulation model developed to understand the supply of gas in Argentina, we discuss how regulation will influence the long-term supply of gas in both Argentina and surrounding countries. Using the model, we develop a series of scenarios to highlight the consequences of different current and possible future interventions in the market by the Regulator. Finally, we discuss short-term regulatory options to reduce the impact of a gas deficit, and the possibility of securing the long-term supply of gas in Argentina.
Originalsprog | Engelsk |
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Tidsskrift | Energy Policy |
Vol/bind | 39 |
Nummer | 3 |
Sider (fra-til) | 1070-1079 |
Antal sider | 10 |
ISSN | 0301-4215 |
DOI | |
Status | Udgivet - 2011 |
Udgivet eksternt | Ja |