Vertical Structures In The Global Liquefied Natural Gas Market PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Vertical Structures In The Global Liquefied Natural Gas Market PDF full book. Access full book title Vertical Structures In The Global Liquefied Natural Gas Market.
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2007 |
| Genre | : |
| ISBN | : |
Download Vertical Structures in the Global Liquefied Natural Gas Market Book in PDF, ePub and Kindle
During the last decade, the global liquefied natural gas (LNG) market altered substantially. Significant investments have been realized, traded volumes increased and contracting structures gained in flexibility. Various governance forms co-exist, including the poles of spot market transactions and vertical integration as well as numerous hybrid forms such as long-term contracts, joint ventures, and strategic partnerships. This dissertation empirically investigates, based on transaction cost economics and recent extensions thereof, which motivations drive companies towards the choice of hierarchical governance forms. First, the likelihood of vertical integration and the impact of inter-organizational trust as a shift parameter accounting for differences in the institutional environment are analyzed. Estimation results confirm transaction cost economics by showing that relationship-specific investments in an uncertain environment drive LNG companies to invest in successive stages along the value chain. Furthermore, the presence of inter-organizational trust increases the likelihood of less hierarchical governance modes. Second, alternative theories of the firm are linked in order to explain the menu of strategic positions recently observed in this dynamic market. Estimation results support the positioning-economizing perspective of the firm. The three strategic choices of target market position, resource profile, and organizational structure are interdependent. Third, the determinants of optimal contract length as a trade-off between the minimization of transaction costs due to repeated bilateral bargaining and the risk of being bound in an inflexible agreement in uncertain environments is discussed. Estimation results show that the presence of high asset specificity results in longer contracts whereas the need for flexibility in today's LNG market supports shorter agreements. When firms have experience in bilateral trading, contract duration decreases. In addition, c.
| Author | : Sophia Rüster |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
Download Vertical Structures in the Global Liquefied Natural Gas Market Book in PDF, ePub and Kindle
| Author | : Svetlana Sailer |
| Publisher | : |
| Total Pages | : 32 |
| Release | : 2013-09 |
| Genre | : |
| ISBN | : 9783656294047 |
Download Vertical Integration in the Natural Gas Value Chain Book in PDF, ePub and Kindle
Seminar paper from the year 2009 in the subject Economy - Theory of Competition, Competition Policy, grade: 1,7, Technical University of Berlin (Institut fur Volkswirtschaftslehre und Wirtschaftsrecht (IVWR)), course: Infrastruktur- und Wettbewerbspolitik, language: English, abstract: This case study analyses the structure and the corporate strategies of the German and European natural gas sector. It shows the determining factors for companies concerning vertical integration and will explain the main theories why companies do vertical integration or hybrid forms like long-term contracts. Our main hypothesis is that especially uncertainty, asset specificity and high transaction costs can increase vertical integration. Along the value chain of the natural gas industry we will test if these determinants still exist and if there are other determinants for vertical integration. In particular we will have a look on the interface between transport and distribution and as well on the interface between extraction and production. We will test the production cost-, neoclassical- and transaction cost approach on these interfaces. In times of globalization, raising energy demand and energy prizes, the supply with natural gas becomes more and more important. Especially the dependency of Western Europe in general and Germany in particular from foreign exports forces the governments to secure energy supply in cooperation with all market participants. For the period of the last 25 years the structure of natural gas markets worldwide changed significantly in technical, institutional and economic settings. The aim of several liberalization processes in the natural gas market by the German government and the European Union was a creation of competitive markets and breaking up monopolistic (vertically integrated) structures in the natural gas industry. (Neumann, Hirschhausen 2006, p.5) Even though there is still vertical integration taking place and some regional markets are nearly mon
| Author | : Jean-Michel Glachant |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 293 |
| Release | : 2013-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1782540644 |
Download Building Competitive Gas Markets in the EU Book in PDF, ePub and Kindle
This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe, which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law. The expert contributors analyse gas supply and demand patterns in the EU, showing that both have changed following the introduction of liquefied natural gas on the supply side and the growth of gas-fired power plants on the demand side. The repeated interactions between the transmission operators activity and the gas commodity markets are addressed, as is the design of commercial networks in EU markets. The contributors also question whether the relationship between commercial and physical networks, in terms of the new flexibility requirements of users, actually works. By way of conclusion, two proposals for the EU gas target model are presented, both of which tackle the fundamental issues raised in this book, as well as the organization of short-term transactions and the mechanisms for investment in vital new long-life infrastructure needed to integrate EU markets. This volume will be of great interest to practitioners, as well as academics, researchers and students in the fields of energy economics and industrial economics. Both European and non-European energy companies and regulatory authorities looking for an independent and analytical overview of European gas markets will also find this book to be a highly valuable resource.
| Author | : Joseph P. Kalt |
| Publisher | : |
| Total Pages | : 35 |
| Release | : 1985 |
| Genre | : Gas industry |
| ISBN | : |
Download Market Structure, Vertical Integration, and Long Term Contracts in the (partially) Deregulated Natural Gas Industry Book in PDF, ePub and Kindle
| Author | : Rajeev Mathur |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : Liquefied natural gas |
| ISBN | : |
Download The World of Liquefied Natural Gas Book in PDF, ePub and Kindle
| Author | : Robert W. Kolb |
| Publisher | : SAGE Publications |
| Total Pages | : 8802 |
| Release | : 2018-03-27 |
| Genre | : Business & Economics |
| ISBN | : 1483381536 |
Download The SAGE Encyclopedia of Business Ethics and Society Book in PDF, ePub and Kindle
Thoroughly revised, updated, and expanded, The SAGE Encyclopedia of Business Ethics and Society, Second Edition explores current topics, such as mass social media, cookies, and cyber-attacks, as well as traditional issues including accounting, discrimination, environmental concerns, and management. The new edition also includes an in-depth examination of current and recent ethical affairs, such as the dangerous work environments of off-shore factories for Western retailers, the negligence resulting in the 2010 BP oil spill, the gender wage gap, the minimum wage debate and increasing income disparity, and the unparalleled level of debt in the U.S. and other countries with the challenges it presents to many societies and the considerable impact on the ethics of intergenerational wealth transfers. Key Features Include: Seven volumes, available in both electronic and print formats, contain more than 1,200 signed entries by significant figures in the field Cross-references and suggestions for further readings to guide students to in-depth resources Thematic Reader's Guide groups related entries by general topics Index allows for thorough browse-and-search capabilities in the electronic edition
| Author | : Paul R. Carpenter |
| Publisher | : Sagwan Press |
| Total Pages | : 54 |
| Release | : 2018-02-08 |
| Genre | : Business & Economics |
| ISBN | : 9781377068244 |
Download Vertical Market Arrangements, Risk-Shifting, and Natural Gas Pipeline Regulation Book in PDF, ePub and Kindle
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
| Author | : Satoru Hashimoto |
| Publisher | : |
| Total Pages | : 18 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
Download Vertical Integration and the Importance of Comprehensive Pipeline Construction Policies in Japan's Natural Gas Industry Book in PDF, ePub and Kindle
Japan's natural gas industry is reliant on imported liquefied natural gas (LNG) that normally requires regasification prior to consumption. Unbundling of the industry has not been enforced and while some local distribution utilities purchase gas via pipelines that is regasified by the seller, others choose LNG from tanker trucks with subsequent regasification occurring in-house (vertical integration). Estimating the determinants of vertical integration with an empirical transaction cost economics analysis, I deduce the importance of pipeline network plans.
| Author | : A. Vavilov |
| Publisher | : Springer |
| Total Pages | : 292 |
| Release | : 2016-04-30 |
| Genre | : Business & Economics |
| ISBN | : 1137461101 |
Download Gazprom Book in PDF, ePub and Kindle
This detailed case study of Gazprom explores motivation behind the company's foreign policies, it's strategies and tactics. It examines the challenges Gazprom faces in the European market and emphasizes the role of politics in Russsia's gas trade.
