Is gas regulated in South Africa?

Gas is imported into South Africa via the Mozambique transmission pipeline, subject to the licensing regime under the Gas Act, in terms of which trading and distribution licences must be obtained from the National Energy Regulator of South Africa (NERSA).

Is natural gas price regulated?

Domestic natural gas markets are regulated in part by the Federal Energy Regulatory Commission. The commission’s chief area of concern is the interstate natural gas market. Natural gas moves for the most part by pipeline in the United States.

What is a regulated gas market?

Regulated electric markets are home to vertically-integrated utilities that own or control the power plants that generate electricity, as well as all of the transmission and distribution equipment-such as the poles, wires, and transformers-that is used to distribute electricity to homes and businesses.

How is natural gas traded?

One way is through a futures contract. Natural gas futures trade through the Chicago Mercantile Exchange (CME Group). There are several types of natural gas, and contracts, which can be traded. The most heavily traded contract, preferred by day traders, is the Henry Hub Natural Gas Futures (NG).

What are the laws and regulations for oil and gas?

The ICLG to: Oil & Gas Laws and Regulations – USA covers common issues in oil and gas laws and regulations – including development of oil and natural gas,import/export of natural gas, LNG, import/export of oil, transportation, transmission and distribution and foreign investment – in 29 jurisdictions 1. Overview of Natural Gas Sector

How is the price of oil and natural gas regulated?

Currently, the Federal Government regulates the transportation of oil and natural gas under two different regimes both administered by the Federal Energy Regulatory Commission (FERC). The price of oil transportation is based on an index that FERC sets and revises from time to time.

Who are the regulatory agencies for oil and natural gas?

FERC is the primary federal regulatory agency governing oil and natural gas transportation. FERC’s regulatory authority extends to the interstate transportation of oil and natural gas, the importing of oil and natural gas by pipeline or LNG import terminals, and certain environmental and accounting matters.

How many LNG import terminals are there in the US?

The Federal Energy Regulatory Commission (FERC) reports that, as of October 8, 2019, the US has 12 LNG import terminals. However, as indicated above, interest is now focused on developing export LNG facilities and, in some cases, re-fitting existing import facilities for export. Since 2015, the US’s export capacity has nearly quintupled.