Analysis of Natural Gas Value Chains

In this paper, we provide an overview of the natural gas value chain, modeling aspects and special properties that provide challenges when doing economic analysis. We present a simple value chain optimization model and discuss important properties of this model.

[1]  Richard P. O'Neill,et al.  A Mathematical Programming Model for Allocation of Natural Gas , 1979, Oper. Res..

[2]  R. Ocampo-Pérez,et al.  Adsorption of Fluoride from Water Solution on Bone Char , 2007 .

[3]  Asgeir Tomasgard,et al.  Modeling Optimal Economic Dispatch and System Effects in Natural Gas Networks , 2009 .

[4]  Ignacio E. Grossmann,et al.  A stochastic programming approach to planning of offshore gas field developments under uncertainty in reserves , 2004, Comput. Chem. Eng..

[5]  Marielle Christiansen,et al.  Modeling Norwegian petroleum productionand transportation , 1998, Ann. Oper. Res..

[6]  J. Sullivan The application of Mathematical Programming methods to oil and gas field development planning , 1988, Math. Program..

[7]  Dimitri P. Bertsekas,et al.  Nonlinear Programming , 1997 .

[8]  T. E. Baker,et al.  A History of Mathematical Programming in the Petroleum Industry , 1990 .

[9]  Nina Linn Ulstein,et al.  Tactical planning of offshore petroleum production , 2007, Eur. J. Oper. Res..

[10]  Alexander Martin,et al.  Mixed Integer Models for the Stationary Case of Gas Network Optimization , 2006, Math. Program..

[11]  B. Hobbs,et al.  Linear Complementarity Models of Nash-Cournot Competition in Bilateral and POOLCO Power Markets , 2001, IEEE Power Engineering Review.

[12]  T W Jonsbråten,et al.  Oil field optimization under price uncertainty , 1998, J. Oper. Res. Soc..

[13]  Felix F. Wu,et al.  Folk theorems on transmission access: Proofs and counterexamples , 1996 .

[14]  Y. Smeers,et al.  Complementarity Problems in Restructured Natural Gas Markets , 2005 .

[15]  S. Dirkse,et al.  The path solver: a nommonotone stabilization scheme for mixed complementarity problems , 1995 .

[16]  Asgeir Tomasgard,et al.  An operational portfolio optimization model for a natural gas producer , 2009 .

[17]  Benjamin F. Hobbs,et al.  Trading in the Downstream European Gas Market: A Successive Oligopoly Approach , 2004 .

[18]  Y. Smeers,et al.  The Gas Transmission Problem Solved by an Extension of the Simplex Algorithm , 2000 .

[19]  Kjetil K. Haugen,et al.  A Stochastic Dynamic Programming model for scheduling of offshore petroleum fields with resource uncertainty , 1996 .

[20]  Mark Robinson,et al.  A short-term operational planning model for natural gas production systems† , 2008 .

[21]  I. Grossmann,et al.  A Lagrangean Decomposition Heuristic for the Design and Planning of Offshore Hydrocarbon Field Infrastructures with Complex Economic Objectives , 2001 .

[22]  Dag Haugland,et al.  Mathematical and computer modelling reports: Models for petroleum field exploitation , 1988 .

[23]  Steven A. Gabriel,et al.  A complementarity model for solving stochastic natural gas market equilibria , 2008 .

[24]  J. Laffont,et al.  Access to Pipelines in Competitive Gas Markets , 2003 .

[25]  Jean-Jacques Laffont,et al.  Competition in gas markets , 2002 .

[26]  F. Schweppe Spot Pricing of Electricity , 1988 .

[27]  Knut-Andreas Lie,et al.  Geometric Modelling, Numerical Simulation, and Optimization - Applied Mathematics at SINTEF , 2007, Geometric Modelling, Numerical Simulation, and Optimization.

[28]  Steven A. Gabriel,et al.  A Mixed Complementarity-Based Equilibrium Model of Natural Gas Markets , 2005, Oper. Res..

[29]  K. Jörnsten Sequencing offshore oil and gas fields under uncertainty , 1992 .

[30]  Y. Smeers,et al.  A stochastic version of a Stackelberg-Nash-Cournot equilibrium model , 1997 .

[31]  Yves Smeers,et al.  Spatial Oligopolistic Electricity Models with Cournot Generators and Regulated Transmission Prices , 1999, Oper. Res..

[32]  Mette Bjørndal Topics on electricity transmission pricing , 2000 .

[33]  Marc C. Steinbach,et al.  Nonlinear Optimization in Gas Networks , 2003, HPSC.

[34]  Rolf Rannacher,et al.  Modeling, Simulation and Optimization of Complex Processes: Proceedings of the International Conference on High Performance Scientific Computing, March 10-14, 2003, Hanoi, Vietnam , 2005 .

[35]  Frode Rømo,et al.  Optimization Models for the Natural Gas Value Chain , 2007, Geometric Modelling, Numerical Simulation, and Optimization.

[36]  Yves Smeers,et al.  Capacity booking in a Transportation Network with stochastic demand and a secondary market for Transportation Capacity , 2008 .