ABSTRACT

This chapter looks at scenarios of global, regional and sectoral gas demand and prices. 1 It then reviews developments in gas markets in different regions of the world, highlighting four countries where the gas share of energy consumption grew particularly rapidly during the 1990s. A number of critical issues are identified for the further successful development of gas markets, and some conclusions are drawn regarding future challenges and uncertainties about how prices may develop along the value chain in different regions of the world.