Foundation Contracts and 'Greenfields' Gas Pipeline Developments
1 March 2002
By Greg Houston with former NERA Analyst Caroline Richards and former NERA Consultant Dr. Franz Gerner
The ACCC commissioned NERA to analyze the role of foundation contracts in new gas pipeline developments in various relevant jurisdictions as part of its investigation into the regulation of greenfields gas pipeline.
Given the importance and relevance of the United States gas market, and the public availability of contractual arrangements between Pipeline Service Providers (PSPs) and shippers, the primary focus of this report is on the regulation of new gas pipeline development in the United States and the role foundation contracts play in this context. However, NERA's analysis also draws on experiences in other relevant jurisdictions where foundation contracts are in the public domain, such as Mexico and Argentina. In addition, the report presents a high level analysis of how new gas pipeline developments are dealt with in the United Kingdom and Singapore.
