The Competitive Potential for the World's Pipeline Systems

in The Political Economy of Pipelines

Published by University of Chicago Press

Published in print April 2012 | ISBN: 9780226502106
Published online March 2013 | e-ISBN: 9780226502120 | DOI:
The Competitive Potential for the World's Pipeline Systems

Show Summary Details


This chapter investigates whether the efficient Coasian market in rights enjoyed by the US gas industry has any chance of developing in other pipeline markets, and analyzes the stunted nature of gas commodity markets in Europe and Australia. The absence of Coasian bargaining in Canadian pipeline transport rights probably affected the gas prices at various locations across Canada. The UK government and its regulators focused on lowering the entry barriers to gas marketers. Australia would seem to have the structural basis for a competitive gas market. In general, the EU worked on the institutions that: govern the way its pipelines are regulated; transact with customers; facilitate or impede the growth of a competitive gas market; and promote the security of its gas supplies without resorting to redundant pipelines and complex political maneuverings.

Keywords: pipeline markets; Coasian market; US gas industry; Australia; Canada; UK government; gas market

Chapter.  8278 words. 

Subjects: Political Economy

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.