The World Gas Model

Egging, Ruud; Holz, Franziska; Gabriel, Steven A.

doi:10.1016/j.energy.2010.03.053

Cited by 119 publications

(25 citation statements)

References 20 publications

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“…electricity markets (Neuhoff et al 2005) and world gas market (Egging, Holz, and Gabriel 2010). Many complementarity models make use of the explicit representation of a market clearing price as the shadow variable of market clearing conditions.…”

Section: Literature Overviewmentioning

confidence: 99%

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The Role of CO2-EOR for the Development of a CCTS Infrastructure in the North Sea Region: A Techno-Economic Model and Application

Mendelevitch¹

2013

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Based on a comprehensive dataset, the paper develops a unique techno-economic market equilibrium model of CO 2 supply from emission sources and CO 2 demand from CO 2 -EOR to assess implications for a future CCTS infrastructure. The demand for "fresh" CO 2 for CO 2 -EOR operation is represented by an exponential storage cost function. In all scenarios of varying CO 2 and crude oil price paths the assumed CO 2 -EOR potential is fully exploited. CO 2 -EOR does add value to CCTS operations but the potential is very limited and does not automatically induce long term CCTS activity. If CO 2 prices stay low, little further use of CCTS can be expected after 2035. Terms of use: Documents in

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Section: Literature Overviewmentioning

confidence: 99%

“…Moreover many authors use MCP formulations for markets where dominant players can influence prices by exerting market power, e.g. for Russia on gas trades towards Europe (Egging, Holz, and Gabriel 2010). Besides, MCP model formulations can handle non-linear cost functions as long as they produce a convex solution set.…”

Section: Literature Overviewmentioning

confidence: 99%

The Role of CO2-EOR for the Development of a CCTS Infrastructure in the North Sea Region: A Techno-Economic Model and Application

Mendelevitch¹

2013

SSRN Journal

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“…Possible LNG routes are implicitly defined via exogenously given export (liquefaction) and import (regasification) capacities. Natural gas producers offer the extracted gas at the supply market to either an LNG operator or a trader, in a similar setting than in Egging (2010). While LNG traders sell the gas on the destination market to a trader, traders demand the services of transporting the gas to the final demand from the pipeline operator.…”

Section: Model and Parameterizationmentioning

confidence: 99%

“…Liquefaction capacities are given by the IEA (2012a) for 2010 and are derived from the IEA (2012b) for the periods thereafter. The related costs and losses parameters for pipelines, liquefaction, and regasification are based on the World Gas Model (Egging et al, 2010). PRIMES results for the Energy Modeling Forum 28 (EMF28) and the Energy Roadmap 2050 (EC, 2011) provide final demand and demand by the electricity sector for natural gas, as well as reference prices for all periods.…”

Section: Model and Parameterizationmentioning

confidence: 99%

“…Several papers address the market structure and development of the European and global natural gas markets (e.g. Egging et al, 2008Egging et al, , 2010. Finally, large scale energy system and macroeconomic models as well as technically-oriented simulation and optimization models cover the interrelation between fuel markets and the economy as a whole, but in an aggregated manner.…”

Section: Introductionmentioning

confidence: 99%

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Combining Energy Networks: The Impact of Europe's Natural Gas Network on Electricity Markets Until 2050

et al. 2013

Self Cite

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on gas imports make this issue particular striking for the European energy market. In this paper we provide a comprehensive combined analysis of electricity and natural gas infrastructure with an applied focus. We analyze different scenarios of the long-term European decarbonization pathways sketched out by the Energy Roadmap 2050, and identify criteria related to electricity and/or natural gas infrastructure and the interrelation between both markets. Terms of use: Documents in

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Modeling Coal and Natural Gas Markets

Holz

2015

Emerging Trends in the Social and Behavioral Sciences

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Coal and natural gas market modeling has seen an impressive upsurge in the last decade. After a long period with a focus on optimization models, complementarity models have been developed since the 1980s and seen a renaissance after 2000. Such models are also called equilibrium models as they allow representing a market game and its equilibrium solution. First versions of complementarity models of the coal and natural gas markets were used to analyze the market structure of the international commodity trade. While they confirmed an oligopolistic market structure in the European natural gas market, the global coal market has been found to be competitive. Moreover, infrastructure analyses are carried out with such models that allow detecting bottlenecks and, in multiperiod models, computing cost‐efficient capacity expansions. Other recent advances besides multiperiod modeling are the modeling of multilevel games and stochastic models. Emerging topics are related to computational methods and a better understanding of both energy sectors. Among the challenges to the modeling community are the ongoing shortcomings of publicly available data and an improved understanding of the mathematical modeling and solution approaches by economists. Finally, both sectors are subject to a climate policy constraint which may well lead to a considerable shift in the importance as well as in regional consumption patterns of coal and natural gas and, hence, require improved modeling analysis.

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The World Gas Model

Cited by 119 publications

References 20 publications

The Role of CO2-EOR for the Development of a CCTS Infrastructure in the North Sea Region: A Techno-Economic Model and Application

The Role of CO2-EOR for the Development of a CCTS Infrastructure in the North Sea Region: A Techno-Economic Model and Application

Combining Energy Networks: The Impact of Europe's Natural Gas Network on Electricity Markets Until 2050

Modeling Coal and Natural Gas Markets

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