ABSTRACT
Today, the world comprises three isolated, but increasingly connected, continental gas markets, in North America, in the European region and in Far East Asia, with Qatar and Trinidad and Tobago as important sources of supply. The three continental markets have their own means of sourcing their gas supply, and, with the exception of Asia, pipelines are the main arteries of transport. Only recently, they were being connected by flows of liquefied natural gas (LNG). This chapter provides a perspective on how these markets are evolving and interacting, taking into account their structural characteristics, institutional features, national policies, and firms’ strategies.
