A strategic model of european gas supply
Structural changes in the European natural gas market such as liberalization, increasing domestic demand, and increasing import dependency have triggered new attempts to model these markets accurately. In this paper, we propose an exhaustive model of the European natural gas supply including the pos...
| Autores principales: | , |
|---|---|
| Formato: | Artículo |
| Lenguaje: | inglés |
| Publicado: |
Western Academic Press
2008
|
| Materias: | |
| Acceso en línea: | http://eprints.uanl.mx/7691/1/A%20Strategic%20Model%20of%20European%20Gas%20Supply.pdf |
| _version_ | 1824370505291923456 |
|---|---|
| author | Kalashnikov, Vitaly Kalashnykova, Nataliya I. |
| author_facet | Kalashnikov, Vitaly Kalashnykova, Nataliya I. |
| author_sort | Kalashnikov, Vitaly |
| collection | Repositorio Institucional |
| description | Structural changes in the European natural gas market such as liberalization, increasing domestic demand, and increasing import dependency have triggered new attempts to model these markets accurately. In this paper, we propose an exhaustive model of the European natural gas supply including the possibility of strategic behaviour of the agents along the value-added chain. We structure it as a two-stage-game with natural gas exports to Europe (first stage) and wholesale trade within Europe (second stage). The case of non-cooperative Cournot competition at both stages proves to be the most realistic scenario. The results of the perfect competition and cartel scenario are also presented. Our results suggest that the main suppliers of natural gas to Europe (Russia, Algeria, the Netherlands, Norway) remain dominant, but that they are complemented by overseas supplies of liquefied natural gas (LNG). The model also enables us to identify transport infrastructure bottlenecks where transport capacity constraints are binding. |
| format | Article |
| id | eprints-7691 |
| institution | UANL |
| language | English |
| publishDate | 2008 |
| publisher | Western Academic Press |
| record_format | eprints |
| spelling | eprints-76912019-08-21T18:23:08Z http://eprints.uanl.mx/7691/ A strategic model of european gas supply Kalashnikov, Vitaly Kalashnykova, Nataliya I. HB Teorías Económicas, Demografía Structural changes in the European natural gas market such as liberalization, increasing domestic demand, and increasing import dependency have triggered new attempts to model these markets accurately. In this paper, we propose an exhaustive model of the European natural gas supply including the possibility of strategic behaviour of the agents along the value-added chain. We structure it as a two-stage-game with natural gas exports to Europe (first stage) and wholesale trade within Europe (second stage). The case of non-cooperative Cournot competition at both stages proves to be the most realistic scenario. The results of the perfect competition and cartel scenario are also presented. Our results suggest that the main suppliers of natural gas to Europe (Russia, Algeria, the Netherlands, Norway) remain dominant, but that they are complemented by overseas supplies of liquefied natural gas (LNG). The model also enables us to identify transport infrastructure bottlenecks where transport capacity constraints are binding. Western Academic Press 2008 Article PeerReviewed text en cc_by_nc_nd http://eprints.uanl.mx/7691/1/A%20Strategic%20Model%20of%20European%20Gas%20Supply.pdf http://eprints.uanl.mx/7691/1.haspreviewThumbnailVersion/A%20Strategic%20Model%20of%20European%20Gas%20Supply.pdf Kalashnikov, Vitaly y Kalashnykova, Nataliya I. (2008) A strategic model of european gas supply. International business & economics research journal, 7 (5). pp. 43-50. ISSN 1535-0754 |
| spellingShingle | HB Teorías Económicas, Demografía Kalashnikov, Vitaly Kalashnykova, Nataliya I. A strategic model of european gas supply |
| thumbnail | https://rediab.uanl.mx/themes/sandal5/images/online.png |
| title | A strategic model of european gas supply |
| title_full | A strategic model of european gas supply |
| title_fullStr | A strategic model of european gas supply |
| title_full_unstemmed | A strategic model of european gas supply |
| title_short | A strategic model of european gas supply |
| title_sort | strategic model of european gas supply |
| topic | HB Teorías Económicas, Demografía |
| url | http://eprints.uanl.mx/7691/1/A%20Strategic%20Model%20of%20European%20Gas%20Supply.pdf |
| work_keys_str_mv | AT kalashnikovvitaly astrategicmodelofeuropeangassupply AT kalashnykovanataliyai astrategicmodelofeuropeangassupply AT kalashnikovvitaly strategicmodelofeuropeangassupply AT kalashnykovanataliyai strategicmodelofeuropeangassupply |