Infrastructure Investments and Resource Adequacy in the Restructured US Natural Gas Market – Is Supply Security at Risk?

Christian Hirschhausen

Working Papers from Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research

Abstract: The objective of this paper is to analyze the development of US natural gas infrastructure over the last two decades and to discuss its perspectives. In particular, we focus on the relationship between the regulatory framework for the natural gas sector and the development of investment in LNG terminals, interstate pipelines, and storage facilities. We also discuss some cross-sectional investment issues related to financing (cost of capital, financial markets) and regulation (price caps, siting). We conclude that while some improvements in the regulatory framework might enhance investments in the US natural gas sector, there is no reason to be overly concerned about infrastructure investments, resource adequacy, or supply security.

Date: 2006-12
New Economics Papers: this item is included in nep-com, nep-ene, nep-env and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:mee:wpaper:0618

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