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Regulation and development of the Argentinean gas market

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  • Ponzo, Ricardo
  • Dyner, Isaac
  • Arango, Santiago
  • Larsen, Erik R.

Abstract

Gas markets are becoming increasingly important around the world and the long-term evolution of these markets is of strategic importance for many countries. This makes it essential to understand how regulation and intervention in these markets affects the long-term prospect for the secure supply of gas. We use Argentina as a case to illustrate some of the issues and consequences of gas regulation. Argentina is a country that has had a significant increase in the use of gas over the years, and where a potential gas deficit looms large in the present and the future. Based on a simulation model developed to understand the supply of gas in Argentina, we discuss how regulation will influence the long-term supply of gas in both Argentina and surrounding countries. Using the model, we develop a series of scenarios to highlight the consequences of different current and possible future interventions in the market by the Regulator. Finally, we discuss short-term regulatory options to reduce the impact of a gas deficit, and the possibility of securing the long-term supply of gas in Argentina.

Suggested Citation

  • Ponzo, Ricardo & Dyner, Isaac & Arango, Santiago & Larsen, Erik R., 2011. "Regulation and development of the Argentinean gas market," Energy Policy, Elsevier, vol. 39(3), pages 1070-1079, March.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:3:p:1070-1079
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