Hurst et al - Natural Gas: Governments and Oil Companies in the Third World

full all chapter5 chapter6 chapter7 chapter8 chapter9

chapter4 chapter5 chapter6 chapter7 chapter8 chapter9

Transparency and Accountability

Policy, Legal and Contractual Framework

Sector Organization and Institutions

Fiscal Design and Administration

Revenue Management and Distribution

Sustainable Development

Hurst, C., Davison, A., Mabro, R., Natural Gas: Governments and Oil Companies in the Third World, (Oxford: Oxford University Press, 1988)

Over the past few decades the natural gas industry has received a lot of attention, especially considering its premium qualities as a clean burning fuel. Amidst these developments, however, natural gas still remains an under-exploited resource especially in many developing countries.

This publication analyzes the complex issues that arise in association with the development of natural gas reserves, factors impeding exploration and drilling for natural gas, and attempts to ascertain some positive steps that could facilitate such development. In doing so the authors' focus particularly on the relationship between governments and oil companies in developing countries - understandably because this vital relationship often marks the difference between an abandoned or wasted gas field and one that is successfully exploited. The publication also suggests various practical ways through which the different and sometimes conflicting objectives of governments and companies can be reconciled to their mutual advantage.

The book is divided into two parts. Part I  deals with issues and policies, including the identification and development of gas markets, gas pricing issues from the perspective of both producers and consumers, the planning and financing of natural gas projects  as well as the role of aid agencies and other financial institutions.

Part II consists of a series of case studies of countries with proven gas reserves, namely: Argentina, Egypt, Malaysia, Nigeria, Pakistan, Tanzania, Thailand and Tunisia. The conclusions are derived from in-country studies (including visits) and interviews with oil and gas company executives. The country examples illustrate various ways each country has dealt with the issue of gas development, some providing new solutions to their problems. The book is designed for use by policy-makers, oil and gas companies and especially government officials in developing countries. Its treatment of gas makes it one of the first publications of its kind to attempt to provide practical solutions to the issues related to the underdevelopment of world gas reserves. 

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