The world gas market in 2030 – development scenarios using the World Gas Model
AbstractWe discuss potential developments of the world natural gas industry through 2030. We use the World Gas Model (WGM), a multi-period strategic representation of the global natural gas sector, between 2005 and 2030. We specify a 'base case' and then analyse the sensitivity of the world natural gas system with scenarios, including various supply scenarios (e.g., emergence of large volumes of unconventional shale gas, or tightly constrained reserves of conventional natural gas), the impact of CO2-constraints, and regional scenarios focusing, respectively, on Russian and Caspian exports, the Arab Gulf, China and India, and the US Pacific coast. Our results show considerable changes in production, consumption, traded volumes, prices, and investments in pipelines, LNG terminals, and storage. However, the overall world natural gas industry is resilient to local disturbances and can compensate local supply disruptions of natural gas from other sources. Long-term supply security does not seem to be at risk.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Global Energy Issues.
Volume (Year): 35 (2011)
Issue (Month): 1 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID==13
natural gas trade; World Gas Model; WGM; mixed complementary problem; gas reserves; infrastructure investments; climate policy; world gas markets; energy security; gas production; gas consumption; traded volumes; gas prices; investment; gas pipelines; LNG terminals; gas storage; gas supply.;
Other versions of this item:
- Daniel Huppmann & Ruud Egging & Franziska Holz & Sophia Ruester & Christian von Hirschhausen & Steven A. Gabriel, 2009. "The World Gas Market in 2030: Development Scenarios Using the World Gas Model," Discussion Papers of DIW Berlin 931, DIW Berlin, German Institute for Economic Research.
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- Clemens Haftendorn & Claudia Kemfert & Franziska Holz, 2011.
"What about Coal?: Interactions between Climate Policies and the Global Steam Coal Market until 2030,"
Discussion Papers of DIW Berlin
1146, DIW Berlin, German Institute for Economic Research.
- Haftendorn, C. & Kemfert, C. & Holz, F., 2012. "What about coal? Interactions between climate policies and the global steam coal market until 2030," Energy Policy, Elsevier, vol. 48(C), pages 274-283.
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