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Algeria : selected issues paper

Author: Reinout De Bock; José G Gijón-Spalla; International Monetary Fund,
Publisher: Washington, D.C. : International Monetary Fund, ©2011.
Series: IMF country report, no. 11/41.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
1. Recent developments in global natural gas markets point to important structural changes. The United States (US), one of the world's top producers and the largest producer of nonconventional gas, became self-sufficient in terms of natural gas needs in 2009 largely due to a sharp increase in nonconventional gas production. In the last two decades, unconventional US production has more than quadrupled, currently  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Reinout De Bock; José G Gijón-Spalla; International Monetary Fund,
ISBN: 1283569256 9781283569255 9781455285167 1455285161
OCLC Number: 729874751
Description: 1 online resource (26 pages).
Contents: Developments in global gas markets : challenges for Algeria / prepared by Reinout De Bock and José Gijon --
Could the FDI regulations promote diversification / prepared by José Gijon.
Series Title: IMF country report, no. 11/41.
Responsibility: prepared by Reinout De Bock and José Gijón.
More information:

Abstract:

1. Recent developments in global natural gas markets point to important structural changes. The United States (US), one of the world's top producers and the largest producer of nonconventional gas, became self-sufficient in terms of natural gas needs in 2009 largely due to a sharp increase in nonconventional gas production. In the last two decades, unconventional US production has more than quadrupled, currently amounting to about half of US production. 2 Moreover, the growing trade of liquefied natural gas (LNG), market liberalization in several countries, changes in the supply chain, and falling transportation costs, have eroded barriers between regionally segmented markets in the largest gas consuming markets (North America, Asia, and Europe).3 In select markets spot gas price indexation has appeared as an alternative to traditional pricing based on long-term and oil-price indexed contracts. Finally, new emerging markets have increased global supply and eroded the market share of traditional gas producers.

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