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Cartelization in gas markets: Studying the potential for a “Gas OPEC”

Author

Listed:
  • Gabriel, S.A.
  • Rosendahl, K.E.
  • Egging, Ruud
  • Avetisyan, H.G.
  • Siddiqui, S.

Abstract

Natural gas is increasingly important as a fuel for electric power generation as well as other uses due to its environmental advantage over other fossil fuels. Using the World Gas Model, a large-scale energy equilibrium system based on a complementarity formulation, this paper analyzes possible future gas cartels and their effects on gas markets in a number of regions across the world. In addition, scenarios related to lower transport costs and decreased unconventional gas supply in the United States are considered.

Suggested Citation

  • Gabriel, S.A. & Rosendahl, K.E. & Egging, Ruud & Avetisyan, H.G. & Siddiqui, S., 2012. "Cartelization in gas markets: Studying the potential for a “Gas OPEC”," Energy Economics, Elsevier, vol. 34(1), pages 137-152.
    • Handle: RePEc:eee:eneeco:v:34:y:2012:i:1:p:137-152
    DOI: 10.1016/j.eneco.2011.05.014
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    References listed on IDEAS

    as
    1. Wagbara, Obindah N., 2007. "How would the gas exporting countries forum influence gas trade?," Energy Policy, Elsevier, vol. 35(2), pages 1224-1237, February.
    2. Egging, Ruud & Holz, Franziska & Gabriel, Steven A., 2010. "The World Gas Model," Energy, Elsevier, vol. 35(10), pages 4016-4029.
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    4. Egging, Ruud & Gabriel, Steven A. & Holz, Franziska & Zhuang, Jifang, 2008. "A complementarity model for the European natural gas market," Energy Policy, Elsevier, vol. 36(7), pages 2385-2414, July.
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    Keywords

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    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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