Abstract: This paper develops an optimizing model for the long-term exploitation of limited natural gas reserves in China. In addition to describing the life cycle characteristics of natural gas production and introducing the inter-temporal allocation theory, this paper builds the optimal exploitation model of natural gas resources within a gas field in the Ordos Basin as an example to analyze ...

We develop a game theoretic model for shared natural gas storage facilities. We analyse the effects of strategic interaction, given that deliverability is a function of overall pressure within the store, on the expected value of the storage facility in equilibrium. Our results have significant implications for the economic efficiency of storage facilities, price stability in the gas market and ...

I study the California Alternate Rates for Energy program (CARE), which provides a price reduction for natural gas and electricity for low-income customers. Using approximately one million monthly observations from 70,000 households, I provide the first demand elasticity estimate for natural gas using a natural field experiment (around -0.38). I also provide the first benefitcost analysis of CA...

We analyse a panel of 25 European-countries to provide novel estimates monthly own-price, cross-price, and income elasticities natural-gas-demand from 2005 2020. find that: first , there is an European Standard Behaviour (ESB) with strong-seasonal component. Second we identify three different patterns the ESB: 1) France, Denmark Estonia present slightly positive in short-run lack sensitivity ow...

This paper studies transmission of international energy price shocks to various sectors in the Australian stock market. We take the multivariate generalized autoregressive conditional heteroscedasticity (MGARCH) approach to modeling volatility and gather evidence that energy price shocks transmit to the price indices of various sectors classified by the global industry classification standard (...

Switching from coal-fired to natural gas-fired generation and increasing the thermal efficiency (energy generated per unit of energy burned) of fossil fuel fired electricity generation plants has been identified as ways of achieving meaningful emission reductions. In this study, we examine the fuel-price responsiveness across gas plant technologies and across the market structures in which the ...