The effectiveness of policies to transform a gas-exporting country into a gas-transit country:The case of The Netherlands

The Netherlands has been a major European natural gas producer and exporter for many decades, but now faces the challenge to deal with diminishing resources. In response, the Dutch government initiated a gas-hub strategy, which is the policy to transform the gas industry from an export-oriented business into a transit-oriented business. This policy included a number of investments in the gas infrastructure as well as institutional reforms to enhance the liquidity of the gas market. We study the effects of this gas-hub policy. Using hourly data on the Dutch gas balance over the period 2006-2013... Mehr ...