ABSTRACT

This chapter contributes to the growth in demand and supply of natural gas. The creation of more competitive and flexible markets however is an issue that is raised in many countries because it is increasingly perceived as a more flexible market model that facilitates the greater expansion of new sources of gas. Gas industry reform in North America and Europe has involved the unbundling of the market for the gas commodity from the market for gas transport services. It helps to understand the unique nature of the United Kingdom's natural gas market. It differs from the markets in major gas exporting countries like Australia, and a country like Singapore. Reform and the creation of new markets has often taken place at the same time that the international trade in natural gas has risen and it is expected that both will continue to grow into the future, making natural gas both a popular fuel and one that is used more flexibly.