ABSTRACT

This chapter addresses the natural gas industry, with special attention to the company perspective. In an industry that is heavily and increasingly affected by regulation, all companies must devote at least as much attention to regulation as to other elements of the market. For several companies, the regulator is the market, and the relationships between companies’ results and regulations are so deep that they could be analyzed under literature that addresses the issue of ‘Regulatory Capture’. However, even companies that are subject to only partial regulation often know that a remarkable share of their outcome is related to regulatory developments.