This paper presents results of simulating a more collusive behavior of a group of natural gas producing and exporting countries, sometimes called GASPEC. We use the World Gas Model, a dynamic, strategic representation of world gas production, trade, and consumption between 2005 and 2030. In particular, we simulate a closer cooperation of the GASPEC countries when exporting pipeline gas and liqu...

Considering the fact that natural gas is a widely used energy source,  the prediction of its consumption can be useful (Derek LAM, 2013). As Iran has one of the largest gas reserves in the world, its consumption in the country can affect the worldwide price of gas, Therefore, the current research is useful both from economic and environmental point of view. ...

Considering the fact that natural gas is a widely used energy source,  the prediction of its consumption can be useful (Derek LAM, 2013). As Iran has one of the largest gas reserves in the world, its consumption in the country can affect the worldwide price of gas, Therefore, the current research is useful both from economic and environmental point of view. ...

In 2007, Germany changed network access regulation in the natural gas sector and introduced a so-called entry–exit system. The spot market effects of the reregulation remain to be examined. We use cointegration analysis and a state space model with time-varying coefficients to study the development of natural gas spot prices in the two major trading hubs in Germany and the interlinked spot mark...

Shale gas, with its lower carbon content and pollution potential, is the most promising natural gas resource in China. When modeling the shale gas supply in a specific gas field, it is of paramount importance to determine the gas supply under economic considerations. Two common calculation methods are used in China for this purpose: Method 1 (M1) is the breakeven analysis, where the gas supply ...

Previous economic analyses focused on relationships between crude oil and natural gas markets centered primarily on demand-side considerations. We provide evidence that two important supply-side connections play important roles in understanding crude oil and natural gas market integration. First, crude oil production and natural gas production require a common capital input: rotary drilling rig...

The ongoing deregulation of electricity industries worldwide is providing incentives for microgrids to use small-scale distributed generation (DG) and combined heat and power (CHP) applications via heat exchangers (HXs) to meet local energy loads. Although the electric-only efficiency of DG is lower than that of central-station production, relatively high tariff rates and the potential for CHP ...