Is there an east-west split in North American natural gas markets?

Journal Article · Sat Feb 01 04:00:00 EST 1997 · Energy Journal

DOI:https://doi.org/10.5547/ISSN0195-6574-EJ-Vol18-No1-2· OSTI ID:430384

Serletis, A ^[1]

---

1. Univ. of Calgary, Alberta (Canada)

In the last decade, the North American natural gas industry has seen a dramatic transformation from a highly regulated industry to one which is more market-driven. The transition to a less regulated, more market-oriented environment has led to the emergence of different spot markets throughout North America. In particular, producing area spot markets have emerged in Alberta, British Columbia, Rocky Mountain, Anadarko, San Juan, Permian, South Texas, and Louisiana basins. Moreover, production sites, pipelines and storage services are more accessible today, thereby ensuring that changes in market demand and supply are reflected in prices on spot, future, and swaps markets. The paper is organized as follows. The second section provides some background regarding North America natural gas spot markets. The third section discusses the data and investigates the univariate time series properties of the variables, since meaningful cointegration tests critically depend on such properties. The fourth section tests for cointegration and presents the results. The last section concludes the paper. 16 refs., 3 figs., 4 tabs.

• Sponsoring Organization: USDOE
• OSTI ID: 430384
• Journal Information: Energy Journal, Journal Name: Energy Journal Journal Issue: 1 Vol. 18; ISSN ENJODN; ISSN 0195-6574
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
MARKETING
NATURAL GAS INDUSTRY
REGIONAL ANALYSIS