Increased Competition on the Supply Side of the Western European Natural Gas Market

This paper analyzes how the supply side of the Western European natural gas market may react if the demand side becomes competitive. We show—using a numerical model of the Western European natural gas market—that once the demand side of the market is liberalized, each gas-producing country has an in...

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Bibliographic Details
Published in:The Energy journal (Cambridge, Mass.) Mass.), 1998-01, Vol.19 (3), p.1-18
Main Authors: Golombek, Rolf, Gjelsvik, Eystein, Rosendahl, Knut Einar
Format: Article
Language:English
Subjects:
290201 - Energy Planning & Policy- Economics- (1992-)
294003 - Energy Planning & Policy- Natural Gas
Applied sciences
Business structures
COMPETITION
Consumption
Corporate profits
Countries
Demand side economics
Economic aspects
Economic models
Energy
Energy economics
ENERGY PLANNING, POLICY AND ECONOMY
ENERGY SOURCES
ENERGY SUPPLIES
Equilibrium
EUROPE
Exact sciences and technology
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
Gas industry
GASES
General, economic and professional studies
Liberalization
Marginal costs
MARKET
Market prices
NATURAL GAS
Natural gas demand
Natural gas industry
Natural gas production
Natural gas supply
Producer surplus
Production increases
Studies
Suppliers
Supply
Supply & demand
WESTERN EUROPE
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Summary:This paper analyzes how the supply side of the Western European natural gas market may react if the demand side becomes competitive. We show—using a numerical model of the Western European natural gas market—that once the demand side of the market is liberalized, each gas-producing country has an incentive to break up its gas sellers. The model therefore suggests that there may be numerous producers in a liberalized natural gas market. Hence, in a liberalized market consumers will not be exploited by suppliers.
ISSN:0195-6574
1944-9089
DOI:10.5547/ISSN0195-6574-EJ-Vol19-No3-1