Advanced Search
MyIDEAS: Login

The economics of transit oil and gas pipelines: a review of the fundamentals

Contents:

Author Info

  • Ekpen J. Omonbude
Registered author(s):

    Abstract

    The growing relevance of transit oil and gas pipelines is reflected in the general anticipation of an increase in their construction in the future because of factors such as the increasing discoveries of reserves in remote and land-locked locations, the depletion of reserves close to established markets, and improvements in cost-effective technological methods of exploration and production in previously uneconomic reserves. Recent disputes between parties to transit pipeline agreements demonstrate, in addition to other problems, the relevance of a fundamental analysis of the workings of oil and gas pipelines in economics. The objective of this paper therefore is to provide a fundamental framework for understanding and analysing transit oil and gas pipelines. The paper finds that the concept of economic rent, natural monopoly and basic cost concepts clearly explain the rationale behind the imposition of a transit fee, although they do not sufficiently define how they are determined. Copyright 2009 The Author. Journal compilation 2009 Organization of the Petroleum Exporting Countries.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1753-0237.2009.00163.x
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Organization of the Petroleum Exporting Countries in its journal OPEC Energy Review.

    Volume (Year): 33 (2009)
    Issue (Month): 2 (06)
    Pages: 125-139

    as in new window
    Handle: RePEc:bla:opecrv:v:33:y:2009:i:2:p:125-139

    Contact details of provider:
    Web page: http://onlinelibrary.wiley.com/journal/10.1111/%28ISSN%291753-0237

    Order Information:
    Web: http://ordering.onlinelibrary.wiley.com/subs.asp?ref=1753-0237&doi=10.1111/%28ISSN%291753-0237

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bla:opecrv:v:33:y:2009:i:2:p:125-139

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.