The World Gas Model: A Multi-Period Mixed Complementarity Model for the Global Natural Gas Market

38 Pages Posted: 21 Apr 2010

See all articles by Ruud Egging

Ruud Egging

SINTEF Technology and Society

Franziska Holz

German Institute for Economic Research (DIW Berlin)

Steven Gabriel

Department of Mechanical Engineering and Applied Mathematics, Statistics, and Scientific Computation Program, University of Maryland

Date Written: December 2009

Abstract

We provide the description and illustrative results of the World Gas Model, a multi-period complementarity model for the global natural gas market. Market players include producers, traders, pipeline and storage operators, LNG liquefiers and regasifiers as well as marketers. The model data set contains more than 80 countries and regions and covers 98% of world wide natural gas production and consumption. We also include a detailed representation of cross-border natural gas pipelines and constraints imposed by long-term contracts in the LNG market. The Base Case results of our numerical simulations show that the rush for LNG observed in the past years will not be sustained throughout 2030 and that Europe will continue to rely on pipeline gas for a large share of its imports and consumption.

Keywords: Natural gas, world modeling, LNG, supply security

JEL Classification: L95, L13

Suggested Citation

Egging, Ruud and Holz, Franziska and Gabriel, Steven, The World Gas Model: A Multi-Period Mixed Complementarity Model for the Global Natural Gas Market (December 2009). DIW Berlin Discussion Paper No. 959, Available at SSRN: https://ssrn.com/abstract=1592831 or http://dx.doi.org/10.2139/ssrn.1592831

Ruud Egging (Contact Author)

SINTEF Technology and Society ( email )

Norway

Franziska Holz

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstra├če 58
Berlin, 10117
Germany

Steven Gabriel

Department of Mechanical Engineering and Applied Mathematics, Statistics, and Scientific Computation Program, University of Maryland ( email )

1143 Glenn L. Martin Hall
College Park, MD 20742-3021
United States

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