The economics of natural gas

Mohamed Jaouad Malzi and Tereza Němečková

Chapter 116 in Elgar Encyclopedia of Energy Economics, 2025, pp 441-443 from Edward Elgar Publishing

Abstract: The global natural gas landscape is undergoing significant shifts driven by environmental concerns, geopolitical events, and market dynamics. Despite its status as a relatively cleaner fossil fuel, the era of rapid growth in natural gas demand appears to be waning. Environmental policies aimed at reducing greenhouse gas emissions, coupled with fluctuations in demand due to geopolitical tensions and economic factors, are reshaping the trajectory of natural gas consumption. This entry explores the economics of natural gas. Firstly, it examines natural gas in the global energy landscape, considering both the supply and demand perspectives. It emphasizes the current role of natural gas in socio-economic development amid escalating environmental concerns. Secondly, the entry highlights the crucial role of advanced econometric models in understanding the economics of natural gas, especially in predicting demand patterns. Addressing environmental challenges and establishing reliable demand elasticities are underscored as essential for ensuring sustainable natural gas economics and promoting an eco-friendly and economically viable energy future.

Keywords: Natural Gas; Energy Demand; Elasticities; Energy Transition; Environmental Policies; Econometric Models (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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