A model-based analysis of the implications of shale gas developments for the European gas market

Joode, J. de; Plomp, A.; Özdemir, Özge

doi:10.1109/eem.2012.6254819

Cited by 3 publications

(1 citation statement)

References 6 publications

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“…Various modelling methodologies have been deployed to model the gas market. Many studies formulate the gas market as a mixed complementarity problem (de Joode, Plomp, & Ozdemir, 2012;Gabriel et al, 2013;Hecking & Panke, 2012;Huppmann et al, 2011;Lochner & Bothe, 2009), in which gas market clearing is dealt with using mathematical optimization. Although this approach is widely used, it fails to capture long-term endogenous dynamics of gas markets.…”

Section: Modelling and Simulationmentioning

confidence: 99%

Shale Gas and Import Dependency

Kwakkel

Pruyt

Moorlag

et al. 2015

International Journal of System Dynamics Applications

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Today, many governments are considering the exploration and production of unconventional resources, shale gas in particular, for reasons of security of supply and reduction of import dependency. Large-scale development of these resources promises to significantly lower import dependency of gas supply of many countries. Whether the promise will be met remains uncertain though, not only because of uncertain resources, technological challenges, and environmental concerns, but also because of the interdependence, complexity and uncertainty of gas markets. Modelling and simulation may therefore be required to assess the resulting economic implications of global shale gas development. In this study, System Dynamics and Agent-Based models are simultaneously deployed under deep uncertainty to discover and explore plausible scenarios for the development of shale gas and the effects on regional gas markets and regional import dependency. Among else, it is shown that regional economic growth is likely to have a larger impact on gas import dependency than the actual size of shale gas resources.

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Section: Modelling and Simulationmentioning

confidence: 99%

Shale Gas and Import Dependency

Kwakkel

Pruyt

Moorlag

et al. 2015

International Journal of System Dynamics Applications

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Implications of US and Europe Shale Gas on the Nigerian Gas Market

Oyekunle¹

2013

All Days

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In the past few years, the US in order to reduce her dependence on foreign energy had ramped up efforts towards the discoveries of new conventional and unconventional sources of energy. One of such breakthroughs is the discovery of vast deposit of shale gas. A 2011 study estimates the US shale gas deposit at 2, 170 TCF1. Encouraged by the success of the US, some European Nations are already prospecting for possible shale gas deposits in commercial quantity. These has some implications for the Nigerian Gas whose major markets are in the US and Europe. This paper intends to look at the near term and long term effect of the shale gas revolution in the US and Europe on the Nigerian gas and options for the Nigerian gas in order to guarantee its demand.

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Shale Gas Development: Their Gain, Our Pain and the Cost

Aladeitan¹,

Nwosu²

2013

JPL

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With an estimated reserve of 187 trillion cubic feet of gas and a policy thrust of domestic gas utilisation and participation as a key player in the international gas market, Nigeria in the last two and half decades has invested significantly in the development of its gas sector thus positioning itself as a potential gas producing country. To this effect, a lot of capital resources were committed to building the necessary infrastructural backbone for the country's gas development. In some cases, these projects are financed by loans with strict repayment terms contingent on the off-take of gas production. It is against this background, that the development of gas from unconventional sources such as the shale basin becomes a subject of concern and the focus of this paper in order to assess its economic implication and cost to erstwhile importing countries and hitherto exporting countries.

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A model-based analysis of the implications of shale gas developments for the European gas market

Cited by 3 publications

References 6 publications

Shale Gas and Import Dependency

Shale Gas and Import Dependency

Implications of US and Europe Shale Gas on the Nigerian Gas Market

Shale Gas Development: Their Gain, Our Pain and the Cost

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