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Measuring vulnerability to shocks in the gas market in South America

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  • Reymond, Mathias

Abstract

With a strong global demand for some 30 years, natural gas is a particular challenge for countries of South and Central America since each cubic meter of natural gas that is consumed is produced in this continent. It therefore seems appropriate to consider the risk of a collision gas and its effects on the countries most dependent on gas (either as producers or as consumers). Thus, in this paper, we study the vulnerability of gas in several countries on four ratios developed by Cabalu (2010). Once calculated from empirical data, these ratios helped to determine indicators and to classify countries according to their vulnerability in the event of a gas shock (sudden rise in prices). A picture emerges which represents an indicative classification of the countries.

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  • Reymond, Mathias, 2012. "Measuring vulnerability to shocks in the gas market in South America," Energy Policy, Elsevier, vol. 48(C), pages 754-761.
    • Handle: RePEc:eee:enepol:v:48:y:2012:i:c:p:754-761
    DOI: 10.1016/j.enpol.2012.06.011
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    Cited by:

    1. Mathias Reymond, 2014. "Why ECO countries could become energy-dependent?," 2nd International Conference on Energy, Regional Integration and Socio-Economic Development 7722, EcoMod.
    2. Liu, Li & Sheng, Jichuan, 2024. "Energy quota trading and energy vulnerability: China's energy quota trading pilot," Energy Policy, Elsevier, vol. 184(C).
    3. Lu, Weiwei & Su, Meirong & Fath, Brian D. & Zhang, Mingqi & Hao, Yan, 2016. "A systematic method of evaluation of the Chinese natural gas supply security," Applied Energy, Elsevier, vol. 165(C), pages 858-867.
    4. Flouri, Maria & Karakosta, Charikleia & Kladouchou, Charikleia & Psarras, John, 2015. "How does a natural gas supply interruption affect the EU gas security? A Monte Carlo simulation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 785-796.
    5. Dastan, Seyit Ali & Selcuk, Orhun, 2016. "Review of the security of supply in Turkish energy markets: Lessons from the winter shortages," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 958-971.

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