Carbon dioxide capture and storage (CCS) is one option for mitigatining atmospheric emissions of carbon dioxide and thereby contributes in actions for stabilization of atmospheric greenhouse gas concentrations. Carbon dioxide storage in geological formations has been in practice since early 1970s. Information and experience gained from the injection and/or storage of CO2 from a large number of ...

Control decisions for gas storage facilities are made in the face of extreme uncertainty over future natural gas prices on world markets. We examine the problem faced by owners of storage contracts of how to manage the injection/withdrawal schedule of gas, given past price behavior and a predictive model of future prices. Real options theory provides a framework for making such decisions. We de...

The purpose of this paper is the comparative analysis of four natural gas storage valuation ap proaches. In competitive natural gas markets the optimal valuation and operation of natural gas stor ages is a key task for natural gas companies operating storages. Within this paper, four spot based valuation approaches are analyzed regarding computational time and accuracy. In particular, explicit ...

Over the last decades, electricity generation from natural gas has substantially increased, mostly driven by low prices due to fracturing and lower extraction costs. The geographic distance between resources load centers calls for a holistic tool joint expansion of power systems networks. In this paper, Dynamic Stochastic Joint Expansion Planning (DSJEP) networks is proposed minimize investment...

Adsorbed natural gas (ANG) by Granular Activated Carbon (GAC) has been widely investigated as an alternative to CNG and LNG technologies for storage and transportation of natural gas. In the present work, a theoretical and experimental study was conducted to accurately determine the amount of adsorption of CH4 by GAC. To carry out the experiments, the volumetric method was used up to 4 MPa at c...

The regulation of the seasonal energy supply for natural gas and storage fossil are important to society. To achieve it, storing a large amount in porous underground media is one government’s choices. Due successful lesson learned from oil industry, has been regarded as most potential long−term method. In this paper, we developed new workflow evaluate performance reservoir−type (UGS). theoretic...

Natural gas pipeline systems give merchants the ability to trade natural gas across time and geographical markets. That is, these systems embed two types of assets that merchants manage as real options: storage and transport. The current literature has studied the merchant management of these assets in isolation. In contrast, we consider their joint merchant management, which we model as a Mark...

The valuation of the real option to store liquefied natural gas (LNG) at the downstream terminal of an LNG value chain is an important problem in practice. As the exact valuation of this real option is computationally intractable, we develop a novel and tractable heuristic model for its strategic valuation that integrates models of LNG shipping, natural gas price evolution, and inventory contro...