Recently added articles from The Energy Journal:
Preface.(energy industry economic aspects)
May 01, 2009; ... It is a great pleasure to introduce this Special Issue of The Energy Journal which focuses on modeling of natural gas markets. The issues that are addressed are complex, the analyses intricate, and the findings often subtle and nuanced. The authors draw upon an extensive tool-kit ranging ...
Natural gas across country borders: an introduction and overview.
May 01, 2009; ... 1. INTRODUCTION Around the globe, natural gas consuming markets are adjusting to limits on their own resources and the need for additional supplies from beyond their borders. These conditions have ushered in a flurry of new building of pipeline infrastructure and ...
A practitioner's perspective on modeling prices and trade in a globalizing natural gas market.
May 01, 2009; ... 1. INTRODUCTION In its September 2007 Report 23, Prices and Trade in a Globalizing Natural Gas Market, the Stanford Energy Modeling Forum (EMF) has once again pursued a challenging agenda seeking to combine leading edge thinking on economic theory with practical application in ...
Spatial price and quantity relationships in world and continental commodity markets.
May 01, 2009; ... 1. BACKGROUND Samuelson (1952) introduced a number of insights regarding prices and quantities in spatial commodity networks. Based on welfare maximization, Samuelson (1952) showed that under carefully specified conditions, a linear programming problem characterizing the spatial ...
Globalisation of natural gas markets--effects on prices and trade patterns.
May 01, 2009; ... 1. INTRODUCTION The natural gas markets in different regions are gradually becoming more integrated. This globalisation process is due to several reasons. First, the costs of transport (especially LNG--Liquefied Natural Gas) have fallen significantly over the last 1-2 decades ...
The impact of high oil prices on global and regional natural gas and LNG markets.(liquefied natural gas)
May 01, 2009; ... 1. INTRODUCTION Natural gas markets have historically been regional with some linkage with international petroleum markets. However, as natural gas transportation capacity, including pipeline capacity and the capacity to produce, transport and receive liquefied natural gas ...
Potential futures for Russian natural gas exports.
May 01, 2009; ... 1. INTRODUCTION According to the U.S. Energy Information Administration (EIA), Russia is the largest natural gas supplier, with dry gas production in 2006 of 23.2 trillion cubic feet (tcf) representing over 20% of global output. Russia could also significantly expand production ....
Representing GASPEC with the World Gas Model.
May 01, 2009; ... 1. INTRODUCTION The scenario of a cartel of natural gas producers, sometimes called a "GASPEC", is an important issue in international natural gas trade and has occupied a central role in the Energy Modeling Forum 23 study (EMF 2007). The three countries with the biggest natural ...
A dynamic simulation of market power in the liberalised European natural gas market.
May 01, 2009; ... 1. INTRODUCTION In 2005, natural gas consumption in the European Union (EU) states was approximately 530 billion cubic meters per year (bcm/y) (EU, 2004). Presently, this demand is fairly evenly divided between industry, power generation, and residential consumers. Figure 1 ...
Perspectives of the European natural gas markets until 2025.
May 01, 2009; ... 1. INTRODUCTION: THE EUROPEAN NATURAL GAS MARKET The European natural gas market lends itself particularly to the EMF 23 study design. It is in the middle of a deep structural change that comprises both, restructuring and vertical unbundling, as well as changing supply ...
European natural gas markets: resource constraints and market power.
May 01, 2009; ... 1. INTRODUCTION Two main factors governing the policy debate on the European natural gas market are the decline of indigenous resources, combined with the growing dependence for a large share of gas supplies on a few foreign gas exporters, and the market power this may confer ....
Market arbitrage: European and North American natural gas prices.(Industry overview)
May 01, 2009; ... 1. INTRODUCTION For many years, pipelines were the primary means for moving natural gas, and natural gas prices were, by and large, determined in the prevailing continental markets. The development of an international market for liquefied natural gas (LNG) and the resulting ...
Linking natural gas markets--is LNG doing its job?(liquefied natural gas)
May 01, 2009; ... 1. INTRODUCTION Markets for natural gas have witnessed profound changes in the past decade. Liberalization in most parts of the world, restructuring of former vertically integrated supply chains, and falling transportation costs especially for liquefied natural gas (LNG) have ...
Modeling the growth in gas reserves from known fields.
May 01, 2009; ... 1. INTRODUCTION The extent to which future domestic demand for natural gas is satisfied by imports of LNG is contingent on the adequacy and cost competitiveness of North American supplies. One of the most important sources of supply is accounted for by reserve appreciation, ...