Iran in the emerging global natural gas market: A scenario-based competitive analysis and policy assessment

Reza Hafezi, David A. Wood, Amir Naser Akhavan and Saeed Pakseresht

Resources Policy, 2020, vol. 68, issue C

Abstract: Price fluctuations, environmental concerns, technological development, unconventional resources, energy security challenges, and shipping availability are some of the forces that have contributed to energy markets becoming more dynamic and complex in the last decade. This research analyzes the global natural gas market (GNGM) situation for the case of the National Iranian Gas Company. Iran as the owner of the second-largest natural gas proved reserves strives to enhance its market share in the GNGM. Recently, international gas markets are gradually evolving from traditional local/regional markets into a more interconnected GNGM. A comprehensive competitive analysis, Porter's five forces, scenario-based planning model is proposed and developed. It assesses the current status and trends associated with the GNGM applying its findings to provide insights into how Iran might potentially expand its share of the GNGM. The GNGM five-forces-based scenario analysis conducted focuses upon and presents: (1) Rivalry among existing participants; (2) Bargaining power of suppliers; (3) Bargaining power of buyers; (4) Threats from new entrants and (5) Threats from substitutes. The proposed scenario-based competitive analysis reveals three key strategies that should protect Iran's position in the evolving energy markets and promote its future share of the GNGM.

Keywords: Porter's five forces; Iran's natural gas strategy options; Scenario-based planning; International natural gas markets; Gas-market strategic positioning (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420720300349
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:68:y:2020:i:c:s0301420720300349

DOI: 10.1016/j.resourpol.2020.101790

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().