Conventional Natural Gas Project Investment and Decision Making under Multiple Uncertainties

Similar to many energy projects, the evaluation of investments in natural gas projects is influenced by technical and economic uncertainties. These uncertainties include resource characteristics, production, decline laws, prices, taxes, benchmark yield, so on. In China, conventional still dominant source. The investors are mainly large state-owned companies. Therefore, it necessary uncertainties, as well investment decision optimization problems enterprises a unified analytical framework. To this end, paper innovatively constructs such Using numerical simulations approaches, process companies based on technology assessment price forecasting visualized detail. results suggest that enterprise needs consider an integrated manner. It also combine business strategy social responsibility order construct objective function. With availability data, framework its algorithms can be used for practical plans supports projects. integrate perspective macroeconomic political environment bring more comprehensive range