**7. Acknowledgment**

Research was supported by projects MSM 6046070901 and NAZV 1G58055. Publishing was supported by project Klastr Bioplyn No. 5.1 SPK02/019 financed by CzechInvest, Investment and Business Development Agency.

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**9** 

Thomas J. Hammons

*University of Glasgow,* 

*Scotland, UK* 

**Globalization of the Natural Gas Market on Natural Gas Prices in Electric Power** 

**Generation and Energy Development** 

*International Practices for Energy Development and Power Generation,* 

The world's natural gas market is rapidly global zing. Traditionally, gas supplies for electric power generation have been delivered entirely within regional markets—usually with little geographical distance between the source of gas and its ultimate combustion. However, a significant and growing fraction of world gas is traded longer distances via pipeline and, increasingly, as LNG. The rising role of LNG is interconnecting gas markets such that a

This chapter discusses in a form not referenced in the literature in a convenient form heretofore the impacts of this globalization on the power generation industry. The electricity supply industry is increasingly turning to natural gas fuelled plants. Discussed in relation to the major gas producing and gas consuming regions is demand, infrastructure, price

**2. Modeling and analyzing impact of interdependency between natural gas** 

With increasing investment in natural gas powered generation technologies, limitations in gas delivery capabilities are becoming increasingly relevant to operational planning of electric power systems. Thus it is essential to model and analyze the impact of the interdependency between natural gas and electricity infrastructures. Through integrated modeling of the two infrastructures, critical energy infrastructure vulnerabilities can be identified, thereby providing useful information for future planning of the natural gas

A nation's energy security and sustainability that depends primarily on its energy infrastructure's security and sustainability are of critical importance to a nation's economic competitiveness and the improvement of people's daily lives. Natural gas infrastructure and electricity infrastructure are two essential elements of the nation's

**1. Introduction** 

single global market is emerging.

**and electricity infrastructures** 

energy infrastructure.

delivery system and the electric power system.

impacts and the possible responses of the power industry.

