Natural gas pricing in the world and the trend of natural gas pricing in Vietnam
Abstract
Natural gas prices are driven by numerous natural and social factors such as the size of a supply source, cost of gas exploitation, features of markets, trading models, the goals of every single participant in the gas value chain, and the strategic objectives of a government, etc. Each country therefore has its own gas pricing mechanism, and even in the same market area of a certain country, gas prices are valuated with different methods. Together with the gas market liberalisation, the concept of gas pricing has been changed over time. Formerly gas prices were indexed to alternative fuels, today natural gas is valued as an independent source of energy. This article introduces natural gas pricing mechanism and methodology, and practices of gas pricing in the world, from which some recommendations regarding natural gas pricing are made in an effort of implementing the policies and guidelines of the Party and the State on the development of a competitive gas market in Vietnam.
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