Natural Gas Pricing in Countries of the Middle East and North Africa

This paper presents a quantitative framework for discussing the gas pricing policy in the countries of Middle East and North Africa (MENA) where gas prices are set directly or indirectly by the governments. It concludes that the price of gas in most MENA countries is substantially below its economic...

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Bibliographic Details
Main Author:	Razavi, Hossein
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy: Government Policy Q480
Online Access:	http://hdl.handle.net/10986/4879

id	okr-10986-4879
recordtype	oai_dc
spelling	okr-10986-48792021-04-23T14:02:20Z Natural Gas Pricing in Countries of the Middle East and North Africa Razavi, Hossein Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy: Government Policy Q480 This paper presents a quantitative framework for discussing the gas pricing policy in the countries of Middle East and North Africa (MENA) where gas prices are set directly or indirectly by the governments. It concludes that the price of gas in most MENA countries is substantially below its economic cost, resulting in wasteful use of gas and electricity, deployment of inefficient technologies, and huge burden on government budgets. The low gas price also causes a bias in favor of gas export projects while at the same time reduces investors interest in the upstream and downstream gas sector. The implications are most interesting about four countries Algeria, Qatar, Egypt, and Iran where each country has to revisit its gas allocation policy and where each government is trying to de-link investors interest from domestic gas prices. 2012-03-30T07:30:11Z 2012-03-30T07:30:11Z 2009 Journal Article Energy Journal 01956574 http://hdl.handle.net/10986/4879 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Middle East North Africa Qatar Egypt, Arab Republic of Iran, Islamic Republic of Algeria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy: Government Policy Q480
spellingShingle	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy: Government Policy Q480 Razavi, Hossein Natural Gas Pricing in Countries of the Middle East and North Africa
geographic_facet	Middle East North Africa Qatar Egypt, Arab Republic of Iran, Islamic Republic of Algeria
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper presents a quantitative framework for discussing the gas pricing policy in the countries of Middle East and North Africa (MENA) where gas prices are set directly or indirectly by the governments. It concludes that the price of gas in most MENA countries is substantially below its economic cost, resulting in wasteful use of gas and electricity, deployment of inefficient technologies, and huge burden on government budgets. The low gas price also causes a bias in favor of gas export projects while at the same time reduces investors interest in the upstream and downstream gas sector. The implications are most interesting about four countries Algeria, Qatar, Egypt, and Iran where each country has to revisit its gas allocation policy and where each government is trying to de-link investors interest from domestic gas prices.
format	Journal Article
author	Razavi, Hossein
author_facet	Razavi, Hossein
author_sort	Razavi, Hossein
title	Natural Gas Pricing in Countries of the Middle East and North Africa
title_short	Natural Gas Pricing in Countries of the Middle East and North Africa
title_full	Natural Gas Pricing in Countries of the Middle East and North Africa
title_fullStr	Natural Gas Pricing in Countries of the Middle East and North Africa
title_full_unstemmed	Natural Gas Pricing in Countries of the Middle East and North Africa
title_sort	natural gas pricing in countries of the middle east and north africa
publishDate	2012
url	http://hdl.handle.net/10986/4879
_version_	1764393079988551680

Natural Gas Pricing in Countries of the Middle East and North Africa

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