Infrastructure investments and resource adequacy in the restructured US natural gas market : is supply security at risk?
Name
2006-018.pdf
Size
606.79 KB
Format
Adobe PDF
Checksum (MD5)
bf29dd22e7c5188db86ff640a67e0773
Author(s)
Hirschhausen, Christian von
Date Issued
2006
Publisher
MIT Center for Energy and Environmental Policy Research
Series/Report no.
MIT-CEEPR (Series) ; 06-018WP.
Abstract
The objective of this paper is to analyze the development of US natural gas infrastructure over the last two decades and to discuss its perspectives. In particular, we focus on the relationship between the regulatory framework for the natural gas sector and the development of investment in LNG terminals, interstate pipelines, and storage facilities. We also discuss some cross-sectional investment issues related to financing (cost of capital, financial markets) and regulation (price caps, siting). We conclude that while some improvements in the regulatory framework might enhance investments in the US natural gas sector, there is no reason to be overly concerned about infrastructure investments, resource adequacy, or supply security.
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