Scandinavian Working Papers in Economics
Discussion Papers,
Statistics Norway, Research Department
No 638: Cartelization in gas markets. Studying the potential for a "Gas OPEC"
Steve A. Gabriel, Knut Einar Rosendahl, Ruud G. Egging, Hakob Avetisyan and Sauleh Siddiqui
Additional contact information
Sauleh Siddiqui: Statistics Norway
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.
Keywords: natural gas; market equilibrium; complementarity model; energy
JEL-codes: Q41; D43 December 2010
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