Dissertations / Theses: 'UK natural gas market'

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Nuriyev, G. "Economics of segmented natural gas market." Thesis, Queen's University Belfast, 2011. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.546401.

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Bloemhof, Barbara Lynn Mestelman Stuart. "Market power and the sale of Ontario residential natural gas: An institutional analysis and a laboratory experiment." *McMaster only, 2004.

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3

Dahl, Hans Jørgen. "Norwegian natural gas transportation systems : Operations in a liberalized European gas market." Doctoral thesis, Norwegian University of Science and Technology, Faculty of Engineering Science and Technology, 2001. http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-552.

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The main hypothesis tested in this work is:

“It is possible to operate future Norwegian natural gas transportation systems at a level that is approximately optimal, technically and economically, with major stakeholders duly attending to requirements specified in the Norwegian statutory framework and in the implemented “Gas Directive.”

In order to test this hypothesis a multidisciplinary systems approach has been applied that includes analyses based on fluidmechanics and thermodynamics, economic theory and constrained by the prevailing and future legislative requirements. Operational experiences and empirical data also support the analyses.

It is assumed in this work that the introduction of the European Union’s Gas Directive will result in some new or altered legal requirements for how to conduct future Norwegian natural gas transport operations. The work has identified these new requirements and the work has suggested realistic solutions for how to conduct future operations. The author therefore concludes that the main hypothesis above is true provided five recommendations are observed.

The first recommendation is to implement into the Norwegian legislation provisions that make possible two core requirements of the Gas Directive. The first provision is to allow domestic gas sellers to compete in the downstream market by marketing and selling their gas individually. The second provision is to allow access to the transportation systems for those stakeholders who according to the Gas Directive are defined as “eligible customers” and “natural gas undertakings”, i.e. the future shippers.

The second recommendation follows as consequence of the latter provision and it recommends the future Norwegian regulatory regime to incorporate three main features. First, the transportation system is to be operated by an organization unit that has a transparent account on its transportation services or alternatively by an organization (i.e. the operator) that is functionally separated from and does not participate in any gas marketing and sales activities.

Secondly, and due to the fact that the Norwegian natural gas transportation systems are highly physically integrated it is recommended to have one and only one transportation system operator. Only one operator will be in the best position to enhance cost efficiency in daily operations, energy efficiency, resource management in daily operations, optimized utilization and optimized gas blending.

Thirdly, new and altered transportation services must be designed to meet the future needs and requirements of the shippers and these services must be offered to all shippers. The latter feature is elaborated in the third recommendation.

The third recommendation is to redefine and develop new transportation services that support shippers’ elastic demands for transportation services, both during periods of sufficient capacity as well as during peak load periods.

The above recommendation will imply that the future transportation services must comprise firm services i.e. booked and guaranteed transportation, and interruptible services i.e. transportation being interrupted either during off-peak periods or during peak periods as well as peak load services i.e. transportation services offered during peak load periods. The services must be offered to all shippers in an equal and impartial manner and be supported by a transparent and feasible tariff and toll regime. The toll regime must feature several properties that ensure recovery of fixed costs, cost efficiency in operations and maintenance, and rationing efficiency and this work recommends that the future toll regime shall be reasonable and fair and cost-based.

This work has identified that the existing toll regime does not feature all of the above properties and this work therefore suggests that the existing toll regime is re-designed and extended to include new elements. The first recommendation is to re-design the existing toll formula so that it acts as a two-part toll for firm capacity.

The fixed part of the toll shall act as a booking charge or capacity charge and it shall cover the financial costs based on the historic investment costs for the pipeline systems. It shall also include the fixed (annual) operations and maintenance costs, and any new costs for incremental new investments. The variable part of the toll may be set equal to average marginal costs per unit of gas, or be paid “in kind” as done in the current regime.

Further, a unitization of the fixed part of the firm toll is suggested here. The unitization shall include all pipelines that comprise the dry gas system. This means that the fixed part of the firm toll shall be calculated as an average fixed toll based on the historic investment costs for all the pipelines included. The unitization schema shall include the existing ship-or-pay contracts and any new firm contracts in the dry gas system.

The unitization will accomplish a possibility for eliminating specific shipper’s preferences for where to physically route gas in the dry gas system. This will subsequently improve rationing efficiency at high levels of utilization of the system when there is a concurrent need for auctioning of spare capacity. This is due to the physical behavior of the integrated system as any “internal” pre-booked routing in the system effectively may reduce the total throughput and thus a rationing efficient utilization of the system.

The above recommendations mean that the firm toll shall be charged as a “postage-stamp” toll for all pipeline systems comprising the dry gas systems. This means in practical terms that the dry gas system is to be considered as one zone only and pre-defined entry points and exit points must be established.

As a consequence of unitizing the toll for firm capacity either a unitization of the ownership structure must be done or a payment mechanism must be in force that secures the pipeline owners no extra profit or loss due to the introduction of unitization.

A new two-part toll formula that in its form is equal to the firm capacity toll is recommended for covering interruptible off-peak services. It is recommended to set the fixed part of the toll lower than the fixed part of the firm toll.

A new toll must be developed and be based on auctioning principles for allocation of spare capacity in the system during peak load periods. In order to facilitate the auction a tool is required for predicting the level of spare capacity that is available from time to time. This tool is also needed for optimizing the total throughput based on the different auction bids. In a similar manner as for the firm toll, the auction bids shall refer to a unitized dry gas system and the bids shall refer to transportation requests between any of the pre-defined entry and exits points. No shipper shall thus have a right to specify “internal” routing in the dry gas system.

The total revenues for the pipeline system owners shall not yield higher profits than the allowable regulated return and the balance shall be levied – at least in theory – the firm transportation shippers only. It is recommended to conduct such reallocations of revenues periodically.

The fourth recommendation is related to the necessity of changing documents and requirements, altering organizational forms and working processes, and how current incentive structures will be affected. All these issues will be influenced by an implementation of the Gas Directive. The work has briefly discussed these issues, but due to the many uncertainties no detailed assessments are conducted or recommendations given. The work has however indicated that a majority of the documents assessed in this work must be revised and updated to reflect the new requirements caused by liberalization. It is recommended here that the governing documents more clearly specify which new responsibilities the independent transportation system operator shall be assigned. A vital area of concern is how the transportation system operator and the shippers’ and sellers’ dispatching representatives shall communicate and perform their duties in the future. To day these functions are highly integrated, but liberalization will make them counterparts.

Further, a detailed specification of the future working processes for the independent transportation system operator must be clarified. This applies especially for the how to optimize the operations in a liberalized context. New and carefully designed incentives are needed for enhancing optimal usage of the network during capacity constraints.

The last recommendation regards allocative and dynamic efficiency in a liberalized context. In the prevailing regime the individual company acts normally both as shipper and pipeline system owner. This regime ensures proper incentives for cost efficient development of new capacity and cost efficient operations and this regime may continue to exist in a liberalized context. This regime will continue to create proper incentives for allocative and dynamic efficiently in a liberalized context as well.

Further, in order to enhance allocative and dynamic efficiency on the Norwegian Continental Shelf a centralized planning and development system must be in force in order to secure resource management and utilization of the significant conditions for economy of scale. The transportation system operator must have a close liaison with these functions in order to share information about operational experiences, capacity constraints and shadow prices on capacity of constraints.

Finally, the work has provided several observations that show how a systems approach is quite attractive for finding solutions to complex and multidisciplinary problems as considered in this work. The systems approach applied here consists of two engineering processes comprising well-defined activities. These activities comprise assessment of information, definition of effectiveness measures and creation of information models. Trade-offs are identified between contradicting requirements and the outcome of the processes is accurate descriptions of the systems operations in the prevailing context and to some extent also in a future context. The systems engineering processes have included several methodologies to solve specific tasks. Several analyses based on economic and technical theories are included, as imperative activities required for solving the problems.

The ultimate results of a systems approach are solutions that go beyond traditional and non-disciplinary approaches. This is particularly true if the objective is to find concrete and sound solutions applicable in a “real-world” context where specific stakeholders’ needs and legal requirements are present and well defined. Several observations are provided in the work showing how economic analyses are improved by combining them with technical theory, empirical data, operational experiences and last but not least: legal requirements.

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Easaw, Joshy Zachariah. "Network access regulation and competition policy : the UK contract gas market." Thesis, University of Leicester, 1998. http://hdl.handle.net/2381/30156.

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Increasingly policy-makers and regulatory theorists have focused on network access regulation. This thesis examines the role of network access regulation as part of a regulator's overall competition policy or strategy to introduce competition into privatised industries. It examines in detail recent theoretical models of network access regulation. The analysis is undertaken in the context of the UK contract gas market. British Gas (BG) was privatised in 1986, and the gas industry structure remained vertically integrated. The incumbent, or in the present case, BG, retains control of the gas network transmission while competing in the final goods, or retail, market. The present research provides a theoretical framework examining the impact of regulatory and competition policies with respect to both the final goods market and network access, on the competitive process in the contract gas market. This is done using a unique dataset on the UK contract gas market made available by a leading gas analyst and broker; John Hall Associates. The theoretical analysis distinguishes between the potential strategic advantage of both BG and the main competing shippers. BG, as the incumbent in the vertically integrated industry, has pre-entry advantages, while the main competing shippers who are wholly or partially owned by North Sea gas producers and operate as downstream firms in the retail market potentially have post-entry advantage. The entrants pricing behaviour followed a distinct and separate path to that of BG's. An empirical analysis of the entrants' pricing behaviour is conducted. This is done within the context of supergames or repeated games explanation of dynamic oligopoly behaviour. The relationship between access charges and market structure, or the level of market concentration is also empirically established, which shows the impact of access charges on the competitive process, market structure and final goods prices. The estimates are used to give an empirical application of the "Direct-plus-Opportunity Cost Regime" (DORC) model of access pricing. Consequently, the various policy options and choices open to a policy-maker are considered.

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Rüster, Sophia. "Vertical Structures in the Global Liquefied Natural Gas Market." Doctoral thesis, Saechsische Landesbibliothek- Staats- und Universitaetsbibliothek Dresden, 2010. http://nbn-resolving.de/urn:nbn:de:bsz:14-qucosa-38831.

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During the last decade, the global liquefied natural gas (LNG) market altered substantially. Significant investments have been realized, traded volumes increased and contracting structures gained in flexibility. Various governance forms co-exist, including the poles of spot market transactions and vertical integration as well as numerous hybrid forms such as long-term contracts, joint ventures, and strategic partnerships. This dissertation empirically investigates, based on transaction cost economics and recent extensions thereof, which motivations drive companies towards the choice of hierarchical governance forms. First, the likelihood of vertical integration and the impact of inter-organizational trust as a shift parameter accounting for differences in the institutional environment are analyzed. Estimation results confirm transaction cost economics by showing that relationship-specific investments in an uncertain environment drive LNG companies to invest in successive stages along the value chain. Furthermore, the presence of inter-organizational trust increases the likelihood of less hierarchical governance modes. Second, alternative theories of the firm are linked in order to explain the menu of strategic positions recently observed in this dynamic market. Estimation results support the positioning-economizing perspective of the firm. The three strategic choices of target market position, resource profile, and organizational structure are interdependent. Third, the determinants of optimal contract length as a trade-off between the minimization of transaction costs due to repeated bilateral bargaining and the risk of being bound in an inflexible agreement in uncertain environments is discussed. Estimation results show that the presence of high asset specificity results in longer contracts whereas the need for flexibility in today’s LNG market supports shorter agreements. When firms have experience in bilateral trading, contract duration decreases. In addition, countries heavily reliant on natural gas imports via LNG are often willing to forgo some flexibility in favor of supply security. Contracts dedicated to competitive downstream markets on average are shorter than those concluded with customers in non-liberalized importing countries.

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Rikter-Svendsen, Torstein, Cecilie Nilsen Kielland, and Bjørn Heineman. "Price-Volatility Modeling in the US Natural Gas Market." Thesis, Norges teknisk-naturvitenskapelige universitet, Institutt for industriell økonomi og teknologiledelse, 2012. http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-21064.

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Understanding price-volatility in the natural gas market is important as it affects new investments and the behavior of market participants. In this paper the volatility of US natural gas prices is investigated using daily Henry Hub futures data for the period 1996 to 2011. The purpose is to determine the best conditional volatility model for forecasting and modeling, and to investigate the fundamental drivers of volatility. Several models are applied and compared on the basis of explanatory power, post-estimation tests, as well as in- and out-of-sample one-day-ahead forecasting capabilities evaluated using the Dynamic Quantile Test and Kupiec LR test. Based on these evaluation criteria EGARCH is found superior to GARCH, GJR, IGARCH, RiskMetrics and APARCH. Additionally, EGARCH is found satisfactory when evaluating 5, 10 and 20-day-ahead forecasts using the Kupiec LR test on Monte Carlo simulated VaR levels. To investigate the drivers of volatility, proxies for each determinant are included in the conditional volatility models and in an OLS framework. Economic activity, seasonality and daily effects are found to be statistical significant, with the daily effects having the largest influence, while oil volatility, changes in temperature, production and storage levels are insignificant. From the results it can be concluded that if the aim of the conditional volatility modeling is short-term forecasting, the determinants should be excluded as they do not improve forecasting accuracy. Conversely, if the aim is to explain the causes of volatility, the in-sample evaluation indicate that the inclusion of determinants is a reasonable approach, and a good foundation for scenario analyses. Our findings are useful for producers, traders, risk managers and other market participants as they provide an accurate measure of price risk, and can be used to understand the causes of volatility.

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Jonsson, Bo. "Natural gas in the Asian Pacific region : market behavior and the Japanese electricity market /." Luleå, 2001. http://epubl.luth.se/1402-1544/2001/17/index.html.

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Zhuang, Jifang. "A stochastic equilibrium model for the North American natural gas market." College Park, Md. : University of Maryland, 2005. http://hdl.handle.net/1903/2885.

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Thesis (Ph. D.) -- University of Maryland, College Park, 2005.
Thesis research directed by: Civil Engineering. Title from t.p. of PDF. Includes bibliographical references. Published by UMI Dissertation Services, Ann Arbor, Mich. Also available in paper.

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Cahill, Steven. "Efficient Market Forecasts Utilizing NYMEX Futures and Options." Thesis, Virginia Tech, 1998. http://hdl.handle.net/10919/36816.

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This study develops a method for estimating confidence intervals surrounding futures based forecasts of natural gas prices. The method utilizes the Barone-Adesi and Whaley model for option valuation to "back-out" the market's assessment of the annualized standard deviation of natural gas futures prices. The various implied standard deviations are then weighted and combined to form a single weighted implied standard deviation following the procedures outlined by Chiras and Manaster. This option implied weighted standard deviation is then tested against the more traditional "historical" measure of the standard deviation. The paper then develops the procedure to transform the weighted standard deviation and futures price into a price range at the option expiration date. The accuracy of this forecast is then tested against 15 and 30 day average forecasts.
Master of Arts

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MENDES, ANDRE GUSTAVO S. TEIXEIRA. "IMPACTS DUE TO THE CREATION OF A SECONDARY MARKET OF NATURAL GAS." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2006. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=9444@1.

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PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO
O desenvolvimento da indústria de Gás Natural pelo mundo resultou em um processo de integração entre os setores de gás natural e eletricidade em diversos países. Entretanto, em alguns casos, como o Brasil, apesar de a demanda de gás para uso convencional (industrial, comercial, residencial, GNV) ter crescido a taxas relativamente altas, ela sozinha ainda não justifica novos grandes investimentos na produção e no transporte de gás. Verifica-se que, neste caso, o setor de energia desempenha um papel indispensável por se tratar do maior mercado potencial de gás natural, com a escala suficiente para ser a âncora de demanda que viabiliza os investimentos em produção e transporte do gás. Todavia, devido à predominância hidrológica no sistema elétrico Brasileiro, o despacho das térmicas é bastante volátil e, por conseqüência, o consumo de gás das térmicas é bastante variável. Assim, o produtor de gás está sujeito a um fluxo de caixa muito volátil e incerto e cláusulas de compra compulsória de gás (takeor-pay) e de remuneração do custo da infra-estrutura (ship-or-pay) são observadas. Enquanto estas cláusulas trazem certeza necessária para viabilizar a produção, elas oneram excessivamente os custos das Usinas Térmicas, que se vêem obrigadas a pagar pelo combustível e, portanto, gerar, mesmo quando o preço da energia esteja inferior ao seu custo marginal de produção. Tendo em vista este cenário, foi recentemente discutida no âmbito do Governo Federal a criação de um mercado flexível de gás natural, onde contratos interruptiveis de gás (lastreados no take-or-pay das térmicas) seriam fornecidos a consumidores industriais. Nestes contratos, o fornecimento seria interrompido se a Usina Térmica fosse despachada. O objetivo desta tese é analisar a criação deste mercado sob a ótica dos consumidores. Será verificada a disposição a pagar por um contrato interruptível de gás levando em consideração a incerteza associada ao suprimento (que depende da prioridade de uso do gás pelas térmicas) e o perfil de risco destes consumidores.
With the development of the gas industry worldwide, a process of strengthening the integration between the natural gas and the electricity sectors is underway in several countries. However, although gas demand has been growing at relatively high rates, this demand growth solely is unlikely to justify new large investments in gas production and transportation. This means that the power sector ends up being the largest potential market for natural gas, with the needed scale to provide the necessary anchor demand to spur these production and infrastructure investments. The hydro predominance in the country creates volatility on the dispatch of the gas-fired plants, which ends up creating an undesirable (from the gas-sector point of view) volatility in the natural gas consumption. Since the gas-market is still incipient, gas contracts are typically of long-term with high take or pay and ship or pay clauses to ensure financing of the production- transportation infrastructure. From the power sector point of view, these clauses are undesirable: due to the uncertainty of dispatch gas-based generators want to negotiate a higher flexibility. As such, the aim of this work is to determine the impacts due to the creation of a flexible (secondary) gas market from the costumers´ point of view. It will be also developed the costumers´ willto- contract curve, which will take into account the uncertainty of thermoelectric dispatch (that rules the gas availability over this new proposed market) and the risk-profile of costumers.

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Dietsch, Marcel. "The political economy of natural gas producer cooperation : cartelisation and market power." Thesis, University of Oxford, 2011. http://ora.ox.ac.uk/objects/uuid:0454e490-1583-45af-aa70-83526dbcd4af.

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In 2001 the Gas Exporting Countries Forum (GECF) was created by some of the world’s leading natural gas producing and exporting countries in order to promote their mutual interests through cooperation, in particular with regard to extracting the maximum value from their natural gas exports. My core research question is: Does cooperation among GECF member countries explain those exporters’ market power in highly import-dependent natural gas consuming countries? To determine the influence of the GECF’s cooperative actions and policies, I study the GECF’s cooperative behaviour and measure the role of (collusive) producer conduct in terms of its contribution to achieving the main GECF objective: attaining gas prices that are measurably above the cost of production and hence help producers earn significant economic rents. I employ a variety of methods from the international relations literature on cooperation and cartelisation, collective action theory and an economic measurement model in three case studies. I find that cooperation among GECF members partly explains their market power in a number of import-dependent gas markets. This is so despite the GECF’s weak degree of institutionalisation. The reasons for the GECF’s influence on effective cooperative results are: first, conducive structural conditions in many gas importing markets favouring cartelisation; second, GECF members use methods such as artificial market entry barriers (e.g. long-term term contracts negotiated in a non-transparent way) to secure their market power and third, the GECF faces less severe internal procedural challenges that plague other cartels such as collective action problems, especially cheating. Cooperation among GECF exporters hence contributes to high(er) prices of natural gas. This causes economic inefficiencies and a transfer of wealth—and political power—from gas consumers to producers. It also hinders climate change mitigation as cleanerburning gas remains too expensive to replace ‘dirty’ coal in power generation.

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Pomatailla, Gálvez Fernando. "The Secondary Market of Natural Gas. Operation and Aspects to be Implemented to Achieve an Efficient Market." Derecho & Sociedad, 2016. http://repositorio.pucp.edu.pe/index/handle/123456789/118752.

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This article describes the creation and operation of a market that has been functioning since very recently in the country. It shows the stages for the implementation of this market, which begins with bilateral agreements to sell natural gas and transportation capacity between the actors involved, and later gives way to day-to-day electronic auctions. Additionally, this article shows the main contractual provisions which are often incorporated into bilateral agreements for the transference of transportation capacity. Finally, two important deficiencies that appeared in these years of operation will be analyzed, such as the restrictionon the transference of volumes of natural gas, and the exclusion from this market of capacity surpluses of the service of distribution of natural gas through pipelines that is contracted by consumers.
El presente artículo describe la creación y funcionamiento de un mercado que viene funcionando hace muy poco tiempo en el país. A través de este artículo se podrá conocer las etapas para la implementación de este mercado que se inicia con acuerdos bilaterales de venta de gas natural y capacidad de transporte entre los agentes participantes, para posteriormente dar paso a las subastas electrónicas del día a día. Asimismo, se conocerá las principales disposiciones contractuales que suelen incorporarse en los acuerdos bilaterales de transferencia de capacidad de transporte. Finalmente, se analizarán dos deficiencias importantes ocurridas en estos años de funcionamiento, como son la restricción para la transferencia de volúmenes de gas natural y la no inclusión en este mercado de excedentes de capacidad del servicio de distribución por redes de ductos contratado por los consumidores.

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Orlova, Ekaterina. "Three essays on gas market liberalization." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2015. http://dx.doi.org/10.18452/17210.

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Um die Auswirkung der Liberalisierung der EU-Erdgasmärkte auf die Macht der Marktteilnehmer zu studieren, entwickeln wir ein disaggregiertes Modell der eurasischen Erdgasversorgung. Wir modellieren die Abhängigkeiten zwischen den Spielern als kooperatives Spiel und berücksichtigen verschiedene Lösungen: den Shapley-Wert, den Nukleolus und den Kern. Im Kapitel 1 untersuchen wir die regionalen Auswirkungen der Liberalisierung des Zugangs zu den Übertragungsnetzen, sowie die Anreize für Fusionen und Kartelle. Im Kapitel 2 untersuchen wir die Auswirkung der Liberalisierung auf die Machtbalance zwischen den lokalen Champions, den Kunden und den Produzenten außerhalb EU. Wir unterscheiden zwischen zwei Schritten der Reform: 1.die Öffnung des Zugangs zu den Übertragungsnetzen und 2.die Öffnung des Zugangs zu den Vertriebssystemen. Für den Shapley-Wert finden wir geringe und heterogene Effekte des ersten Schritts. Die Auswirkungen des zweiten Schritts sind viel größer und ergeben ein klares Muster: alle lokalen Champions verlieren, während alle Kunden und alle externen Produzenten gewinnen. Da ein Drittel der Verluste der Champions innerhalb EU zu den Spielern im Ausland abfließt, können die aktuellen Reformen die Dominanz der bereits starken externen Produzenten verbessern. Wenn wir den Nukleolus heranziehen, profitieren die Produzenten außerhalb EU von der vollen Liberalisierung hingegen nicht. Im Kapitel 3 untersuchen wir die Beziehungen zwischen Shapley-Wert, Nukleolus und Kern. Für unser Modell ist der Shapley-Wert nie im Kern. Um ein Maß der Instabilität von Auszahlungen, die nicht im Kern liegen, zu erhalten, schlagen wir eine Erweiterung des starken epsilon-Kerns vor und betrachten 3 Metriken. Wir finden, daß die Liberalisierung die Instabilität des Shapley-Werts erhöht. Wir zeigen, daß die Liberalisierung den Kern komprimiert. Die Auswirkung auf den Nukleolus korrespondiert jedoch nicht immer mit der Verschiebung von Minimal- und Maximalwerten der Spieler im Kern.
To study the impact of the liberalization of EU natural gas markets on the power of market players we develop a disaggregated model of the Eurasian natural gas supply system. We model interdependenices among the players as a cooperative game for which we consider various solutions: the Shapley value, the nucleolus and the core. In the first paper we study regional impact of liberalization of access to transmission networks, incentives for mergers and cartels. In the second paper we study the impact of liberalization on the balance of power between ''local champions'', customers, and outside producers, such as Russian Gazprom. We distinguish between two steps of the reform: 1. opening access to transit pipes and 2. opening access to distribution systems, hence customers. Using the Shapley value, we find a modest and rather heterogeneous impact from the first step. The impact of the second step is much larger and yields a clear pattern: all local champions lose, while all customers and all outside producers gain. As one third of the losses of champions within EU leaks to players abroad, current reforms might enhance the dominance of already powerful outside producers. When we apply the nucleolus, in contrast, full liberalization does not benefit outside producers at all. In the third paper we focus on the relation of the Shapley value and the nucleolus to the core. For our model the Shapley value is never in the core. To evaluate the degree of instability of a payoff allocation which is not in the core, we propose an extension of the strong epsilon-core and consider three metrics. We find that liberalization increases the degree of instability of the Shapley value for all metrics. We show that liberalization compresses the core, but not always the nucleolus corresponds well to the shifts in the minimal and maximal values of players in the core.

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Whiteford, James Raymond George. "Security analysis of the interaction between the UK gas and electricity transmission systems." Thesis, University of Edinburgh, 2012. http://hdl.handle.net/1842/6274.

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Natural gas has become the UK’s foremost primary energy source, providing some 39% of our energy needs. The National Transmission System (NTS) has developed from its humble beginnings when natural gas was first discovered in the North Sea in the 1960s to become a complex interconnected network delivering up to 550 million cubic meters of gas daily. Gas has also become an increasingly important energy source for power generation, currently generating 35% of our electricity. This presents major challenges for the planning and operation of both the electricity and gas networks as their interdependence grows into the future. With the government’s goal of drastically reducing emissions from power generation by 2020, Combined Cycle Gas Turbine units, and therefore the NTS, will have to offer a new degree of flexibility to quickly respond to the intermittency of the growing penetration of wind generation on the electricity transmission system. Coupling this with the decline in the UK natural gas resources resulting in the NTS becoming reliant on imports to meet demand, it is becoming increasingly difficult to decouple the security of the gas supply from the security of the electricity supply in the UK. This study presents the modelling challenge of assessing this growing interaction and provides a robust methodology for completing a security analysis using detailed network models of the UK gas and electricity transmission systems. A thorough investigation of the intraday operation of the two systems in 2020 is presented given the growth of wind generation in the UK. The results are analysed and the implications for combined modelling and assessment are discussed as we enter a new era for UK energy security.

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Demir, Onur. "Natural gas market reform in Turkey : a critical review of progress toward liberalisation and the gas target model." Thesis, Anglia Ruskin University, 2016. http://arro.anglia.ac.uk/701895/.

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Located at the crossroads of the major supply and demand regions for the energy markets of the East and West, Turkey can be a major energy hub and/or transit country. With its remarkable consumption rates, natural gas is expected to supply almost a quarter of the energy used in the country by 2023 despite other fuels. In view of a future accession to the EU, Turkey’s restructuring of its inherently monopolistic gas industry began through the Natural Gas Market Law of 2001. However, as the recent history of gas market liberalisation in Turkey demonstrates, many of the measures that had been initially considered for adoption have either been postponed or have never been adopted especially during the last decade when liberalisation was thought to be the answer for the sectors’ most problems. Taking the perspective of qualitative research methods, this thesis firstly seeks to expand the understanding of the natural gas liberalisation process within the EU context with an emphasis on mandatory regulatory instruments (i.e. market opening, regulatory authority, unbundling and third party access) and the Gas Target Model. It critically examines the key challenges persisted around Turkey’s institutional landscape, regulatory reforms and gas pricing mechanisms which impact the country’s gas sector liberalisation. The data was accrued from a combination of documents, archival records and interviews which were conducted with key members of staff across two institutions (EMRA, BOTAS), and private gas companies operating in Turkey. Despite fifteen years of legal transformation with limited evidence of an impact on competition overall, the overarching objective during the data collection process was to extensively investigate the Turkish gas market and to ask key individuals -as insiders- directly for their views regarding why the liberalisation has so far been (un)successful in Turkey, why the differences in the adoption of the liberalisation model still persist amongst different segments of the market and what is the optimum way for Turkey to proceed with progress towards liberalisation and the Gas Target Model. This research found that the Turkish gas market is highly politicised and there is a lack of commitment to curtailing the exercise of monopoly power. This thesis offers the recommendations that policy makers should give due consideration to the consolidation of EMRA’s independent role and to make its decisions challengeable with appropriate safeguards laid out against attempts of misuse as a regulator. This thesis concludes by suggesting that there is a compelling need to move forward with a consolidated reform III strategy sooner rather than later should Turkey genuinely wants to take a leadership position in the regional race to be a gas ‘hub’, and indeed to be part of the single European gas market.

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Demir, Onur. "Natural gas market reform in Turkey: a critical review of progress toward liberalisation and the gas target model." Thesis, Anglia Ruskin University, 2016. https://arro.anglia.ac.uk/id/eprint/701895/1/Demir_2016.pdf.

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Located at the crossroads of the major supply and demand regions for the energy markets of the East and West, Turkey can be a major energy hub and/or transit country. With its remarkable consumption rates, natural gas is expected to supply almost a quarter of the energy used in the country by 2023 despite other fuels. In view of a future accession to the EU, Turkey’s restructuring of its inherently monopolistic gas industry began through the Natural Gas Market Law of 2001. However, as the recent history of gas market liberalisation in Turkey demonstrates, many of the measures that had been initially considered for adoption have either been postponed or have never been adopted especially during the last decade when liberalisation was thought to be the answer for the sectors’ most problems. Taking the perspective of qualitative research methods, this thesis firstly seeks to expand the understanding of the natural gas liberalisation process within the EU context with an emphasis on mandatory regulatory instruments (i.e. market opening, regulatory authority, unbundling and third party access) and the Gas Target Model. It critically examines the key challenges persisted around Turkey’s institutional landscape, regulatory reforms and gas pricing mechanisms which impact the country’s gas sector liberalisation. The data was accrued from a combination of documents, archival records and interviews which were conducted with key members of staff across two institutions (EMRA, BOTAS), and private gas companies operating in Turkey. Despite fifteen years of legal transformation with limited evidence of an impact on competition overall, the overarching objective during the data collection process was to extensively investigate the Turkish gas market and to ask key individuals -as insiders- directly for their views regarding why the liberalisation has so far been (un)successful in Turkey, why the differences in the adoption of the liberalisation model still persist amongst different segments of the market and what is the optimum way for Turkey to proceed with progress towards liberalisation and the Gas Target Model. This research found that the Turkish gas market is highly politicised and there is a lack of commitment to curtailing the exercise of monopoly power. This thesis offers the recommendations that policy makers should give due consideration to the consolidation of EMRA’s independent role and to make its decisions challengeable with appropriate safeguards laid out against attempts of misuse as a regulator. This thesis concludes by suggesting that there is a compelling need to move forward with a consolidated reform III strategy sooner rather than later should Turkey genuinely wants to take a leadership position in the regional race to be a gas ‘hub’, and indeed to be part of the single European gas market.

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Majasan, Folashade A. "What is the impact of oil price movement on sectoral natural gas consumption in the UK?" Thesis, University of Dundee, 2010. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.510631.

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Avalos, Roger George. "Pipeline constraints in wholesale natural gas markets: effects on regional pricing and market integration." Thesis, Montana State University, 2012. http://etd.lib.montana.edu/etd/2012/avalos/AvalosR0512.pdf.

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Natural gas markets in the United States depend on an extensive network of pipelines to transport gas from production fields to end users. While these pipelines are essential for the operation of natural gas markets, their capacity sets a physical limit on the quantity of gas that can be moved between regions. Taking advantage of a rich data set of daily pipeline capacities and flows, this thesis tests the effects of binding pipeline constraints directly. It is found that these constraints affect the citygate prices for the Florida and Southern California markets. The Law of One Price is tested using cointegration techniques and found to hold when pipeline flows are not constrained, and break down during constrained periods. It is also shown that cointegration techniques may not identify bottlenecks between regions when bottlenecks are not severe, or when they only occur for limited periods of time. Contrary to earlier results, Southern California markets are found to be integrated with the national market. Cointegration tests using data from 14 market points suggest that regional wholesale natural gas markets in the United States are generally integrated into a national market.

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Nwankwo, Jonathan Emeka. "Gas utilization in Nigeria : an economic comparison of gas-to-liquid and liquefied natural gas technologies / J.E. Nwankwo." Thesis, North-West University, 2008. http://hdl.handle.net/10394/2056.

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Ibata, Bi-Dia-Ayo. "The natural gas market in the republic of Congo : to develop or not to develop?" Thesis, University of Dundee, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.510689.

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Singhal, Ankit. "Biomethane to Natural Gas Grid Injection : A Technological Innovation System Analysis." Thesis, KTH, Energi och klimatstudier, ECS, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-109530.

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Biomethane (upgraded form of biogas) holds unlocked potential as a substitute to fossil natural gas, in terms of achieving climate reduction targets as well as developing a locally secured fuel supply. Biomethane is fully compatible with the existing natural gas grid infrastructure. Currently, nine countries in European Union are practicing natural gas grid injection. Remaining countries are in various phases of development concerning production and utilisation of biomethane. Successful deployment of a biomethane project requires coordinated action in terms of academic, industrial and economic co-operation. It demands established legal and political framework as well as supportive financial conditions. The thesis aims at researching how the state of development of biomethane generation and utilization gets affected by the support activities within a countries policy framework? To seek a solution, the theoretical framework of “Technological Innovation System (TIS)” is adapted. TIS provide a methodological approach to assess the development of an upcoming technology under the existing policies, regulatory and financial conditions. In the given study, the framework of TIS is adapted to the technology of “biomethane generation and injection into natural gas grid”. This adaptation led to the development of: Detailed overlapping matrix of the main structural components i.e. Actors, Networks and Institutions and their corresponding activities across the value chain. Development of a set of diagnostic questions and performance indicators, enabling an assessment of the dynamics of the technological system, eventually leading to the identification of strengths and weaknesses in the system. The adapted technological system analysis framework is further applied on two countries “Germany and UK” as case studies. With the aid of diagnostic questions, the dynamic system characteristics are evaluated in each country context. Germany reveals a well-functioning biomethane TIS. Considerable knowledge base and experience is available, appropriate policies and financial incentives are in place, dedicated organisations are established to address the technological and industrial issues. Germany currently has a market promoting biomethane utilisation via CHP applications. Further growth can be expected by addressing resource mobilisation to fulfill a larger share of heat demand and application as renewable transport fuel. Biomethane industry is in its nascent stage in the UK. At the time of thesis research two upgrading plants are in operation. Analysis of the system functions within UK, signals a healthy biogas industry, but there is lack of activity within the “biomethane” context. The industry is in the stage of knowledge development. Biomethane production is well communicated within national strategies. The key technical issues being encountered by the industry are the focus of research. A balanced market formation would require increasing the resource mobilisation in terms of availability of skilled manpower as well as providing access to financial capital. The industry is experiencing pilot trials and subsequent dissemination of information of the results of these trials to the stakeholders in the value chain is recommended. Overall, Technological Innovation System (TIS) has been an effective tool to evaluate the national approach towards development and deployment of biomethane as a technology .Moreover TIS assists in systematic identification of the strengths and weaknesses of the system. It provides a methodological approach to statically and dynamically analyse biomethane development strategy within a given region and can also assist in benchmarking the development conditions in more than one region.
European Project Titled "GreenGasGrids"

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Oyovwevotu, Joy Sunday. "The social construction of technical innovation in the UK oil and gas industry." Thesis, Robert Gordon University, 2014. http://hdl.handle.net/10059/1112.

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Innovation and ‘creative destruction’ should thrive in the competitive, high risk and high cost environment of the North Sea. Paradoxically, uptake of new technology is slow. The focus of this research was to understand how new technology is developed and how end users make decisions about innovation. Innovation process in the literature can sometimes come across like a ‘black box’ without much explanation of what happens inside the box. This study seeks to explicate what transpires inside the ‘black box’ to improve our understanding of the innovation process. The linear models of technology-push and market-pull are too simplistic to account for the complexity of relationships and engagements that affect innovation at small and medium enterprises’ (SMEs) level. Subsequent models of innovation are suited to how large corporations manage innovation but neglect patterns of social interactions at the micro level where SMEs operate. These innovation models are incomplete because they relegate the importance of context and how it shapes understanding, action and outcome. This study, rooted in a social constructionist paradigm, takes a process-relational stance on entrepreneurship and innovation, recognising the dynamic relationships between social actors and context. Taking Heidegger’s explication of how we relate to the world, this thesis submits that innovation occurs when actors move into the ‘occurrent’ mode. The happenings and doings in the innovation process are treated as the results of perpetual social constructions. This study is based on extended interviews with eleven individuals in relevant roles and with direct experiences of the technical innovation construction in the oil and gas industry. The purposeful sample of research encompasses a variety of roles including technology entrepreneurs, end users of technology and venture capitalists. This study makes a number of contributions. Firstly, the research improves our understanding of how different social constructions are welded together to develop shared understanding. Secondly, a conceptual framework is presented that bridges a number of theoretical concepts, which allows us to see that innovation cannot be properly understood using simplistic models that ignores the social constructions human actors instantiate. Thirdly, the research claims that problem framing is foundational to innovation construction, where social actors collaborate to develop shared understanding, and mentally represent in the present a future that is not totally knowable. Fourthly, an alternative model of innovation construction is presented that is relational and accounts for the social constructions of process participants. Finally, a number of research implications for academics and insights for practitioners engaged in the technical innovation construction are offered.

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Schulte, Simon [Verfasser], and Marc Oliver [Gutachter] Bettzüge. "Essays on supply diversification of the European natural gas market / Simon Schulte ; Gutachter: Marc Oliver Bettzüge." Köln : Universitäts- und Stadtbibliothek Köln, 2019. http://d-nb.info/1201085888/34.

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Fazzio, Thomas J. (Thomas Joseph). "A statistical analysis of the natural gas futures market : the interplay of sentiment, volatility and prices." Thesis, Massachusetts Institute of Technology, 2010. http://hdl.handle.net/1721.1/59118.

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Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2010.
Vita. Cataloged from PDF version of thesis.
Includes bibliographical references (p. 70-71).
This paper attempts to understand the price dynamics of the North American natural gas market through a statistical survey that includes an analysis of the variables influencing the price and volatility of this energy market. The analysis develops a theoretical model for the conditional reactions to weekly natural gas inventory reports, and develops an extended theory of errors in natural gas inventory estimates. The central objective of this thesis is to answer the fundamental question of whether the volatility of natural gas futures are conditional on the season or the level of the natural gas in inventory and how accurate are analysts at forecasting the inventory level. Commodity prices are volatile, and volatility itself varies over time. I examine the role of volatility in shortrun natural gas market dynamics and the determinants of error in inventory estimates leading to this variance. I develop a structural model that equates the conditional volatility response to the error made in analyst forecasts, inherently relating analyst sentiment to volatility and price discovery. I find that in the extremes of the inventory cycle (i.e., near peak injection/withdraw) that variance is particularly strong, and significantly higher than non-announcement days. The high announcement day volatility reflects larger price changes. With statistical significance, we can conclude that when the natural gas market is under-supplied, the near-term Henry Hub Natural Gas futures contract becomes nearly twice as volatile than in an oversupplied market. Furthemore, analysts are more prone to make errors in their estimates of weekly inventory levels around these same time periods. Natural gas is an essential natural resource and is used in myriad aspects of the global economy and society. As we look to develop more sustainable energy policies, North America's abundant clean-burning natural gas will hold an essential role in helping us to secure our future energy independence. An ability to understand the factors influencing it is supply and demand, and thus price, are and will continue to be essential.
by Thomas J. Fazzio.
M.B.A.

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Oworu, Oluwaseun Ayodeji. "Evolving nature of natural gas : How likely is its move from a regional to a global market." Thesis, University of Dundee, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.510642.

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Katolická, Sylvie. "Mezinárodně-politický a ekonomický aspekt ruského zemního plynu." Master's thesis, Vysoká škola ekonomická v Praze, 2009. http://www.nusl.cz/ntk/nusl-17720.

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The master thesis analyzes the current situation in the Russian gas industry and outlines the outlook for 2020 with regard to the interaction of internal and external factors. Efforts were made to determine the extent of global financial crisis on Russian gas industry. Master thesis also focuses on the question whether the Russian economy will be deepen on revenues from oil and natural gas export in 2020 more than at the beginning of 21st century. The aim of this thesis is to highlight the close link between economic and political interests of Russia in energy cooperation.

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Leal, Fernando Inti. "Economic and regulatory analysis of natural gas in Brazil: electricity generation, infrastructure, and energy integration." Universidade de São Paulo, 2018. http://www.teses.usp.br/teses/disponiveis/3/3136/tde-06022019-101324/.

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Brazil\'s discoveries of large gas reservoirs in the offshore ultra-deep waters of the presalt fields show a promising scenario, along with strategic investment and adequate policy, for the development of natural gas infrastructure and a sustainable transition in the Brazilian electricity mix. Such transition should occur through the use of transnational natural gas pipelines connected to large industrial facilities and power stations, as part of strategic planning to expand industrial usage, and avoid the shortage of electricity supply, with economic and environmental advantages. Since the most important debates of the new millennium are focused on globalization and sustainable development for nations, transnational energy integration in Latin America has been receiving increasingly attention from researchers and policy makers. In this overall context, the purpose of the present research was to develop a model to study, in a comparative manner, the thermoelectric generation, as well as to analyze the effect of legal frameworks and governmental policies on the development of infrastructure and natural gas market in Brazil, with a detailed study of the most relevant market and regulatory mechanisms. A comparison was performed in terms of the most relevant regulatory legislation in Brazil and other relevant Member States of the South American economic block. The study also evaluates the sanctions imposed by ANEEL Resolution n. 583 of 2013 on suppliers, due to the lack of NG supply for thermoelectric utilities, proposing an alternative formula, thought to mitigate the influence of averages and other electricity market parameters, therefore decreasing the sanction value for the NG supplier, without compromising the contract neutrality. Different factors were analyzed in order to determine which technology would be the most efficient in terms of levelized costs. Results indicated that natural gas-fired generators are very competitive and efficient, when compared to other thermoelectric sources in both economic and environmental aspects, even when externalities were included. Also, that further strategic investment and adequate regulatory policy changes are required from the market agents, in order to foster the development of pipeline infrastructure and the expansion of natural gas use in Brazil. The study also demonstrates that the environmental impact of the CH4 leakage equals that of CO2 release from combustion at about 4.2% leakage on a mass basis, when methane leakage rises to a level in which natural gas becomes as greenhouse gas intensive as biomass.
As descobertas de substanciais reservatórios de gás natural no Brasil, localizados em águas ultra profundas após a camada Pré-Sal, demonstram um cenário promissor, aliado a investimentos estratégicos e a políticas públicas adequadas, para o desenvolvimento da infraestrutura de gás natural e uma transição sustentável na matriz elétrica brasileira. Tal transição deveria ocorrer por intermédio do uso de tubulação transnacional de gás natural, conectada a grandes instalações industriais e a usinas termelétricas, como parte de um planejamento estratégico voltado à expansão do uso de gás natural na indústria e a evitar a escassez no suprimento de energia elétrica, com vantagens econômicas e ambientais. Considerando que os debates mais relevantes do novo milênio estão focados na globalização e no desenvolvimento sustentável das nações, a integração transnacional na América Latina tem recebido crescente atenção por parte de pesquisadores e de elaboradores das políticas públicas. Nesse contexto geral, a proposta da presente pesquisa foi a de desenvolver um modelo para estudar, de uma forma comparativa, a geração termelétrica, bem como analisar o impacto do arcabouço jurídico-regulatório e das políticas governamentais no desenvolvimento da infraestrutura e do mercado do gás natural no Brasil, com um estudo detalhado dos mais relevantes mecanismos regulatórios e de mercado. Foi realizado, ainda, um comparativo da legislação regulatória do gás natural no Brasil com outros Estados-Membros relevantes do Mercosul. O estudo também avalia as sanções impostas pela Resolução ANEEL n. 583 de 2013 nos fornecedores, devido a corte no suprimento de gás natural para empreendimentos de geração termelétrica, propondo um cálculo alternativo visando a mitigar a influência das médias e outros parâmetros intrínsecos ao mercado de energia, dessa maneira reduzindo as sanções contratuais para o fornecedor de gás natural, sem prejudicar a neutralidade contratual. Diferentes fatores foram analisados de forma a determinar qual tecnologia seria a mais eficiente em termos de custos nivelados de eletricidade. Os resultados indicaram que as termelétricas a gás natural são muito competitivas e eficientes, quando comparadas com outros tipos de combustível, tanto pelo aspecto ambiental quanto pelo econômico, mesmo quando externalidades são incluídas. Ainda, que são necessárias mudanças nas políticas regulatórias e no investimento estratégico por parte dos agentes do mercado, de forma a incentivar o desenvolvimento de infraestrutura e a expansão do uso do gás natural no Brasil. O estudo também evidencia que o impacto ambiental do vazamento de CH4 se iguala àquele do CO2 liberado pela combustão em cerca de 4.2% em base mássica, quando o vazamento de metano atinge um nível em que seu impacto como gás do efeito estufa fica equivalente à biomassa.

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Hiteva, Ralitsa. "Geographies of energy governance : negotiating low-carbon infrastructure in the European Union." Thesis, University of Manchester, 2014. https://www.research.manchester.ac.uk/portal/en/theses/geographies-of-energy-governance--negotiating-lowcarbon-infrastructure-in-the-european-union(fd46a8e3-ae8d-40d7-a456-7198e7f60f87).html.

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This thesis focuses on energy governance in the EU. It examines the role of intermediaries in governing conflicts that emerge from changes in material energy landscapes (infrastructures, technologies, resources) and the policy landscapes associated with decarbonisation. The thesis assesses the impact that intermediaries have on the goals of low-carbon transition through case studies of energy governance in Bulgaria and the UK. Intermediaries here refer to organizations, individuals, networks or institutions operating in-between other actor groups. The argument made by this thesis is that their strategic position allows intermediaries to play a key role in shaping energy infrastructure and the context of low-carbon transitions in the EU to their advantage. By using a conceptual framework which brings together 5 bodies of literature - on governance, infrastructure networks, low-carbon transitions, power and intermediaries - the thesis examines several strategic energy sectors in Bulgaria (wind and solar power, natural gas and energy efficiency) and the United Kingdom (offshore wind). The research methods include extensive analysis of energy regulation and a range of official and unofficial secondary literature; 49 semi-structured interviews with energy elites and participant observation at 6 different events. The collected data were used to analyse the material landscapes of energy and a range of strategic institutions involved in regulating, producing, transmitting and distributing energy in Bulgaria and the UK. The key findings of the thesis are that intermediaries can translate, block or accelerate socio-technical change. Intermediaries can be tenacious barriers to change because of their physical integration within energy infrastructure networks. The thesis distinguishes between two types of intermediaries: those disabling and enabling to low-carbon energy objectives. Whether enabling or disabling, intermediaries have the ability to translate knowledge and interests between stakeholders by reordering and prioritising certain interests over others. By translating between stakeholders intermediaries amplify the impact of their own specific context, creating more local, regional and national differences in approaches within the EU. Through their integration within energy infrastructure and/or policy networks, intermediaries are capable of complementing hierarchical government, as well as competing with it in pursuing their own interests. However only intermediaries integrated within material energy infrastructure are able to reorder and change the priorities of the state, while intermediaries integrated within policy networks are limited in what they can translate and between whom.

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Silva, Luciana Nic?cio. "Fatores de sucesso no desenvolvimento de novos produtos em pequenas empresas: um estudo de caso em um fabricante de equipamentos para g?s natural veicular." Universidade Federal do Rio Grande do Norte, 2006. http://repositorio.ufrn.br:8080/jspui/handle/123456789/14980.

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Made available in DSpace on 2014-12-17T14:52:55Z (GMT). No. of bitstreams: 1 LucianaIS.pdf: 335332 bytes, checksum: 5f89f072ec91d24abe9ce4db952202cc (MD5) Previous issue date: 2006-05-19
This study presents itself as a contribution to the solidification of the Natural Gas industry, within the scope of the development of new products. The goal of this paper is to analyze the factors that lead to the success of new products through the evaluation of the activities done during the process of development of these products in the Natural Gas sector. To achieve this goal a case study was done in a small company of this segment. At first, as a basis for the study, a bibliographical research was done with books, theses, dissertations, monographies, publications in national and international periodicals, congress annals and publications in the internet related to the subject. Afterwards, a case study was done, aiming at the acquisition of further knowledge about the real process of development of products in a small company of the Natural Gas sector, allowing for the performance of the evaluation. The case study was done at Gas Project and Systems do Brasil, a company that works with the development of electronic equipment to the conversion of car engines to natural gas, through direct observations and interviews with the person responsible for the development and management of products. Through the evaluation of the process it was observed that the activities related to it are done in an informal way and some activities are considered unnecessary for their success. The results also suggest an emphasis in the technological activities, something that was not observed in the activities related to the market. The instruments used in this evaluation prove to be efficient to evaluate the process of development of new products in other companies, including those of different areas. Taking into account the relevance of the studied theme to the strengthening of the Natural Gas industry, it is necessary to do further complementary studies
O presente estudo apresenta-se como uma contribui??o ? solidifica??o da Ind?stria de G?s Natural, no ?mbito do desenvolvimento de novos produtos. O objetivo deste trabalho foi analisar os fatores que conduzem ao sucesso de novos produtos, atrav?s da avalia??o das atividades realizadas durante o processo de desenvolvimento desses produtos, no setor de G?s Natural. Para atingir tal objetivo, foi realizado um estudo de caso em uma pequena empresa deste segmento. Para fundamentar o estudo, foi realizada, inicialmente, uma pesquisa bibliogr?fica em livros, teses, disserta??es, monografias, artigos em peri?dicos nacionais e internacionais, anais de congressos, publica??es dispon?veis na internet, relacionadas ao tema de interesse. Posteriormente, foi realizado o estudo de caso visando obter um maior conhecimento sobre um processo real de desenvolvimento de produtos, em uma pequena empresa, no setor de G?s Natural, permitindo a realiza??o da avalia??o. O estudo de caso foi realizado na Gas Project & Systems do Brasil, empresa que atua no desenvolvimento de equipamentos eletr?nicos para convers?o automotiva em G?s Natural, a partir de observa??es e entrevistas com o respons?vel pelo gerenciamento e desenvolvimento de produtos. A empresa em estudo ? a ?nica do Nordeste a fabricar equipamentos que comp?em o kit de convers?o. Atrav?s da avalia??o do processo foi observado que as atividades a ele relacionadas s?o realizadas de maneira informal e algumas delas s?o consideradas desnecess?rias para o sucesso dos mesmos. Os resultados sugerem, tamb?m, uma ?nfase nas atividades tecnol?gicas, o que n?o foi observado para as atividades ligadas ao mercado. Os instrumentos utilizados para esta avalia??o mostram-se eficientes para avaliar o processo de desenvolvimento de novos produtos em outras empresas, inclusive de diferentes ?reas. Diante da relev?ncia do tema em estudo para o fortalecimento da Ind?stria de G?s Natural, faz-se necess?ria a realiza??o de estudos posteriores que o complementem

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Malmström, Martin, and Henrik Orre. "The driving forces on the Swedish compressed natural gas market and the impact on OKQ8's strategy : A qualitative study." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-127163.

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This paper aims to examine how the driving forces of the Swedish CNG market have impacted OKQ8’s strategies. This has been conducted through the four drivers’ coercive-, market-, resource- and social drivers. The papers conclusion is that all drivers impact on OKQ8’s strategy but that coercive drivers have the most significant impact on the CNG market and OKQ8’s strategy. OKQ8’s decision to establish a cooperation together with E.ON was smart decision since they minimized their own ambiguity in this market that depends on governmental policies and incentives.

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Törnmarck, Karl. "The Directive on the Deployment of Alternative Fuels Infrastructure : An analysis of its effects on the market uptake of natural gas vehicles." Thesis, Uppsala universitet, Institutionen för geovetenskaper, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-230168.

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The EU transport sector is currently extremely dependent on foreign oil and the import bill for this fuel was in 2011 approximately € 210 billion. The European Commission (EC) claims that this dependency will eventually affect the member states’ economic security and mobility as oil is a finite resource. At the same time, the transport sector needs to reduce its CO2 emissions with 60% until 2050. Therefore in 2013, the EC proposed the “Directive on the Deployment of Alternative Fuels Infrastructure”, which purpose is to create road fuel infrastructure for the alternative fuels electricity, hydrogen and, the main focus of this report, natural gas. The EC believes that infrastructure acts as a major barrier for the adoption of natural gas vehicles (NGV), which in the EU has been extremely limited. The scientific community agrees that infrastructure is an important barrier, but not the sole decider for the market penetration of NGV’s. Empirical evidence claims that in order for large-scale adoption to occur, natural gas needs to be priced at least 40% lower than conventional fuels (gasoline, diesel) and the payback period (the added investment cost of an NGV) must be lower than four years. Historical data shows that if these criteria are not met this will lead to market failure, even if the adequate infrastructure is in place. The two criteria are examined in this report in the four of the largest EU countries: Germany, UK, France and Spain whom together account for a majority of all vehicles registered in 2012. Italy was excluded as it has already has a well-developed NGV fleet. Two car models from different price ranges in NGV, gasoline and diesel versions were studied: the Fiat Punto and the Audi A3 Sportback. Payback periods where calculated based on yearly average annual distances travelled per country, fuel prices, vehicle fuel efficiency and the added investment cost for an NGV compared to gasoline and diesel vehicles. In order to compare fuel prices default energy content values were used to convert CNG into gasoline and diesel equivalents. As the price of CNG is heavily dependent on favorable taxation one needs to question the economic sustainability, and therefore this study also analyses the future price difference between gas and the conventional fuels using a supply and demand model with oligopoly conditions. This model was complemented with the 4 A’s method, which are Availability, Accessibility, Affordability and Acceptability. Results show that the conditions for NGV’s compared to diesel vehicles are optimal in Germany, UK and Spain, as they all have fuel price difference of minimum 40% and payback periods significantly below 4 years. As a majority of all new vehicles registered in the EU are diesel models this will have a strong positive impact on the NGV market. The conditions for the gasoline comparisons are suboptimal, or slightly inconclusive as the payback periods in a few cases are above, or just below four years. As default values have been used during calculations the numbers are sensitive to change and simply too uncertain to draw any solid conclusions. The price differences between CNG and gasoline are within the criteria level of 40%. The price difference analysis between oil and natural gas shows great uncertainty, as there are many factors involved, such as environmental and geopolitical. A potential factor that could decouple prices is “fracking” of domestic EU shale gas resources, but this seems unlikely to happen due to environmental, social and economical reasons. Imported US LNG could have a similar effect but it might be exported east in order to meet the increasing demand from countries in Asia pacific. In conclusion, if the Directive on the Deployment of Alternative Fuels Infrastructure was implemented we would likely see a moderate to high market penetration of NGV’s, mostly due to their comparative advantage towards diesel vehicles. As gasoline meets the fuel price difference criteria this will also have a positive effect on the NGV market albeit limited by questionable payback periods.

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Bøgeberg, Ingunn Syrstad. "Energising Europe : A qualitative study of the consequences of EU liberalisation for the Norwegian gas regime." Thesis, Norges teknisk-naturvitenskapelige universitet, Institutt for historiske studier, 2013. http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-25365.

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Kvapil, Jaroslav. "Cesta k udržení vedoucí pozice společnosti RWE na trhu zemního plynu v ČR." Master's thesis, Vysoká škola ekonomická v Praze, 2012. http://www.nusl.cz/ntk/nusl-199069.

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The thesis deals with the position of company RWE on the market of natural gas as a method used for heating in the Czech Republic and the marketing tools which will help to maintain this position. For this purpose the analysis of natural gas market in the Czech Republic is made as a part of the marketing plan followed by suggested steps that should prevent the household customers from leaving. Alternative ways of heating are also covered briefly, and some of them are advised to be focused on by RWE in future. The goal of the thesis is to propose a solution which would inspire the marketing team of RWE in their own marketing planning.

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Černiauskas, Justas. "Lietuvos suskystintų gamtinių dujų terminalo tiesioginės ekonominės įtakos gamtinių dujų kainų pokyčiams Lietuvoje vertinimas." Master's thesis, Lithuanian Academic Libraries Network (LABT), 2014. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2014~D_20140127_132048-25937.

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Magistro baigiamajame darbe išanalizuotas pasaulinės gamtinių dujų rinkos veikimo modelis, suskystintų gamtinių dujų terminalų technologijos įtaka pasaulinei gamtinių dujų rinkai bei atskiriems pasaulio regionams priklausomai nuo išvystytos dujų transportavimo infrastruktūros, sukurtas ekonominis SGDT teikiamų valstybės reguliuojamų paslaugų kainų nustatymo modelis Lietuvoje, iškeltos SGDT funkcionavimo ekonominio poveikio gamtinių dujų kainų pokyčiams Lietuvoje (izoliuotoje rinkoje) problemos bei pagal atliktus empirinio tyrimo rezultatus pateikti siūlymai rinkos dalyviams bei kitiems suinteresuotiems asmenims dėl galimų veiksmų pradėjus veikti SGDT 2014 m. gruodžio mėn. Lietuvoje. Pirmajame skyriuje sudaromas pasaulinės gamtinių dujų rinkos veikimo modelis, nagrinėjami ryšiai tarp pagrindinių jo sudedamųjų dalių (gavyba, transportavimas, vartojimas vidaus rinkoje), naujai atrandamų technologijų įtaka kiekvienai iš jų. Antroje dalyje analizuojama Lietuvos gamtinių dujų rinka ir ją supanti teisinė, ekonominė bei politinė aplinkos, aptariamos SGD galimos perspektyvos Lietuvoje. Trečioje dalyje analizuojamas autoriaus kartu su Valstybinės kainų ir energetikos kontrolės komisijos specialistais parengtas ekonominis SGDT teikiamų paslaugų kainos skaičiavimo modelis, aptariama importo kainos prognozavimo metodika, įvertinami pasirinktos metodikos trūkumai ir privalumai, aprašomi kt. metodai, kuriais remiantis ketvirtoje dalyje atliekamas empirinis tyrimas šiame darbe iškeltai... [toliau žr. visą tekstą]
This Master thesis contains: presentation of global natural gas market functioning model and LNGT technology impact on this market, as well as regions according to their infrastructure of gas transportation; creation of economic model for calculating natural gas import prices forecasts and forecasts for prices of regulated LNGT services in Lithuania; presentation of economic problems of LNGT impact on natural gas prices in Lithuania (as an isolated market) and considering the results of empirical research, suggestions of possible actions for market players and third parties after Lithuanian LNGT begins its operations in December, 2014. The first part of the thesis includes examination of global natural gas market functioning, the relations between its main components (extraction, transportation, consumption in domestic markets) and influence of the new technologies for each of them. The second part analyses Lithuanian natural gas market: its legal, economic and political environment, as well as presents LNG perspectives in Lithuania. The third part consists of introducing the economic LNGT services’ price model which was created by author of this thesis in collaboration with specialists of National control commission for prices and energy, also the methodology of calculating forecasts for natural gas import prices, its advantages and disadvantages, as well as other methods which were employed to solve the main problem of the Master thesis in the last part of this work.

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Dukhanina, Ekaterina. "Integration of gas markets : Europe and beyond." Thesis, Université Paris sciences et lettres, 2020. http://www.theses.fr/2020UPSLM013.

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La libéralisation et la mondialisation des marchés du gaz naturel ont accéléré les travaux de recherche sur l'intégration des marchés. Cette thèse approfondit la compréhension des enjeux et mécanismes correspondants. Nous étudions l’intégration des marchés du gaz à trois niveaux : local (au sein d'un pays), mondial et mixte. Premièrement, nous clarifions la définition de l'intégration et identifions les méthodologies utilisées pour son évaluation. Puis nous examinons l'impact d'une décision politique de fusion des zones d’équilibrage de gaz sur le marché français en appliquant la théorie de l'équilibre spatial. Nous poursuivons par l'analyse de l'intégration des marchés gaziers au niveau mondial. Enfin, nous explorons les marchés intérieur et extérieur de Russie, pays exportateur dont le secteur du gaz est en pleine libéralisation. Nous investiguons l'avancement des réformes et leur impact sur sa stratégie d'exportation
The liberalization and the globalization of natural gas markets have promoted a fair amount of research on the topic of market integration. The thesis contributes to this research and investigates the integration of natural gas markets at three different levels: local (within a country), global and between internal and external markets of a country. We first clarify the definition of integration and identify methodologies for its assessment. Then, using a methodology based on the spatial equilibrium theory, we evaluate the impact on market integration of a policy decision to merge gas-trading zones in France. After that, we estimate the degree of integration of the global gas market. Finally, we explore the integration of internal and external (export) markets for a net gas exporting country, experiencing liberalization reforms, and shed light on the outcome of the reforms and their impact on the country’s export strategy

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Giľaková, Daniela. "Liberalizácia plynárenstva v EÚ." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-136340.

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This thesis focuses on the process of liberalization of the natural gas market in Europe. The aim of this thesis is to present energy policy and its development in relation to the liberalization of the gas industry in the EU. Moreover another aim of this thesis is to bring a critical look at the process of liberalization of natural gas market in practice and assess the current stage of the liberalization process in EU. The gas industry represents one of the parts of energy industry and from this reason the indroduction of this thesis is devoted to the development of energy and energy policy from the 2nd world war to the present. The next chapter of this thesis is focuses on the importance and the position of natural gas among the other energy sources. The next chapter describes the process of the liberalization in the European Union, which is related to the adoption and implementation of the European energy directives and regulations, also known as the energy packages, in to the national legislation. In the last chapter are analyzed some of the factors of the liberalization of the gas market in the Czech Republic

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Corlu, Huseyin Cagri. "The application of anti-manipulation law to EU wholesale energy markets and its interplay with EU competition law." Thesis, University of Exeter, 2017. http://hdl.handle.net/10871/30135.

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Of the findings, the European Commission established in its report on Energy Sector Inquiry, market manipulation constituted a major concern for the functioning and integrity of EU energy sectors. The Commission argued that the responsibility for high prices in wholesale energy markets could be attributed to manipulative practices of energy incumbents and the trust in the operation of operation of sector was largely compromised, due to these practices. Remedies, EU competition law provided, were considered as insufficient to resolve these shortcomings and thus should be supplemented with regulatory-based tools. The findings of the Energy Sector Inquiry and subsequent consultation documents by multiple EU institutions paved the way for the adoption of the Regulation on wholesale energy market integrity and transparency, REMIT, which incorporated into an anti-manipulation rule, specifically designed to prohibit and prosecute manipulative practices in EU wholesale energy markets. Nevertheless, as EU case law on market manipulation has yet to develop and there are uncertainties with respect to the concept of market manipulation. Furthermore REMIT does not preclude the jurisdiction of EU competition law, questions arise as to the scope and the extent of the application of this prohibition. Throughout its chapters, this book explores the scope of and the case law on market manipulation to determine what types of market practices are regarded as manipulative and thus prohibited under anti-manipulation rules. It also focuses on the interplay between REMIT and EU competition law and evaluates factors and circumstances that determine when and what market misconduct can be subject to enforcement proceedings under both anti-manipulation and antitrust rules. As the development of a single, coherent, rulebook that can be relied upon by market participant is fundamental for the functioning of EU wholesale energy markets, the book, finally, provides proposals and measures that can mitigate and resolve the legal uncertainties regarding the regulatory framework REMIT established.

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Coulon, Michael. "Modelling price dynamics through fundamental relationships in electricity and other energy markets." Thesis, University of Oxford, 2009. http://ora.ox.ac.uk/objects/uuid:ddc11641-920f-461f-85cd-a9e6351d9104.

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Energy markets feature a wide range of unusual price behaviour along with a complicated dependence structure between electricity, natural gas, coal and carbon, as well as other variables. We approach this broad modelling challenge by firstly developing a structural framework to modelling spot electricity prices, through an analysis of the underlying supply and demand factors which drive power prices, and the relationship between them. We propose a stochastic model for fuel prices, power demand and generation capacity availability, as well as a parametric form for the bid stack function which maps these price drivers to the spot electricity price. Based on the intuition of cost-related bids from generators, the model describes mathematically how different fuel prices drive different portions of the bid stack (i.e., the merit order) and hence influence power prices at varying levels of demand. Using actual bid data, we find high correlations between the movements of bids and the corresponding fuel prices (coal and gas). We fit the model to the PJM and New England markets in the US, and assess the performance of the model, in terms of capturing key properties of simulated price trajectories, as well as comparing the model’s forward prices with observed data. We then discuss various mathematical techniques (explicit solutions, approximations, simulations and other numerical techniques) for calibrating to observed fuel and electricity forward curves, as well as for pricing of various single and multi-commodity options. The model reveals that natural gas prices are historically the primary driver of power prices over long horizons in both markets, with shorter term dynamics driven also by fluctuations in demand and reserve margin. However, the framework developed in this thesis is very flexible and able to adapt to different markets or changing conditions, as well as capturing automatically the possibility of changes in the merit order of fuels. In particular, it allows us to begin to understand price movements in the recently-formed carbon emissions markets, which add a new level of complexity to energy price modelling. Thus, the bid stack model can be viewed as more than just an original and elegant new approach to spot electricity prices, but also a convenient and intuitive tool for understanding risks and pricing contracts in the global energy markets, an important, rapidly-growing and fascinating area of research.

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Hylmarová, Šárka. "Vybrané aspekty energetické politiky EU." Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-85401.

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The thesis is concerned with the stability of the energy market with oil and gas in the European Union. It first characterizes the development of energy policy. The next part specifies two essential types of primary energy -- petroleum and natural gas. This chapter deals with the measurement, mining and also describes the proved world reserves that influence the delivery of these energies into the European Union. The following chapter deals with the stability of the internal market for oil and natural gas. It describes the stability of demand for this kind of energy, the stability of supply and the stability of prices. The final section outlines some of the ways, in which the European Union seeks to enhance the stability. One of the ways is maintaining and deepening relationships with external suppliers and other major energy consumers. Another way to encourage energy stability is to increase the efficiency of energy use, which leads among others to a reduction of the European dependence on supplies and it also lower resource depletion.

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Kedidir, Mansour. "Le gaz naturel algérien dans la sécurité énergétique de l'Union Européenne : un enjeu géopolitique." Thesis, Lyon 2, 2015. http://www.theses.fr/2015LYO20033.

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Au lendemain de son indépendance, l’Algérie était confrontée au problème du développement de son potentiel gazier. Pour se soustraire à l’emprise de la France sur ses hydrocarbures, elle décida de placer son gaz dans le marché américain. Cette option visait à développer l’industrie du GNL et à optimiser la rente pour pouvoir financer le développement économique du pays. Après l’échec de ce choix, l’Algérie s’est retournée vers le marché européen. Depuis, les échanges se sont intensifiés au point où l’Algérie est considérée aujourd’hui comme un partenaire énergétique stratégique de l’Union européenne. Cette situation lui donnera-t-elle la possibilité de continuer à approvisionner l’Europe en gaz ? Au regard des contraintes liées à la gestion du secteur de l’énergie, la concurrence des deux gaz russe et qatari et l’entrée prévisible en production des gisements en Mediterrannée orientale, la part du gaz algérien dans la sécurité énergétique de l’Europe constitue-t-elle un enjeu géopolitique ? La présente thèse a pour objectif de confirmer ou d’infirmer la réalité de cet enjeu. Pour cela, elle pose des questions inhérentes aux différentes politiques initiées par l’Algérie durant plus d’un demi-siècle, à sa marge de manœuvre pour se maintenir au troisième rang des fournisseurs de gaz à l’Europe, et à la dépendance de cette dernière en matière de gaz et à ses perceptions géopolitiques à l’égard de ses fournisseurs (principalement, la Russie et les pays producteurs de la rive Sud)
After the National Independence (1962), Algeria was dealing with the difficulties of developing its gas potential. In order to escape the French hegemony of its hydrocarbons resources, Algeria decided to place and invest its gas resources in the US market. This economic option was motivated by the urgent need to develop the LNG industry and to maximize incomes in order to improve the national economic development. After the failure of this economic option, Algeria got back to the European market. Since then, EU – Algeria economic relations have been intensified. Nowadays, Algeria is considered as a strategic EU partner, in the field of energy resources. Does this situation enable Algeria to supply the European economy with gas for a long time? Given the international constraints related to the management of the energy sector, competition from both Russia and Qatar and the new discovered gas reserves in Eastern Mediterranean basin, does the Algerian gas and its importance in EU energy security represent a geopolitical issue?This thesis aims to examin the pertinence of this issue. It seeks to respond to questions related to the various policies initiated by Algeria for more than half a century, to Algeria’s strategy to maintain its position as the third strategic gas supplier of Europe, and to the European energy dependence and its geopolitical perceptions towards its suppliers (especially Russia and the South side of Mediterranean basin producers)

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Matthiesen, Henning [Verfasser], Jörg Philipp [Akademischer Betreuer] Terhechte, Thomas [Gutachter] Schomerus, and Thomas [Gutachter] Wein. "The Interplay Between European Merger Control Law and the Liberalisation of European Electricity, Natural Gas and Petroleum Markets : A Critical Assessment of Market Opening Incidental Provisions within the Relevant Decisions of the European Commission / Henning Matthiesen ; Gutachter: Thomas Schomerus, Thomas Wein ; Betreuer: Jörg Philipp Terhechte." Lüneburg : Leuphana Universität Lüneburg, 2021. http://d-nb.info/1226425615/34.

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Kovačovská, Lenka. "Role a vliv zájmových skupin v procesu formování vnitřního trhu s elektřinou a zemním plynem EU. Případová studie přípravy a schvalování 3. liberalizačního balíčku." Doctoral thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-163046.

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The thesis analyses influence of actors in the regulatory mode of legislative process of the EU on a case study of liberalisation and integration of the Internal Market in electricity and natural gas. The Internal Market is regarded as an example of postmodern international system. Key arenas used for analysis of individual actors and their partial interests and goals (including ways of their pursuing) are national, regional and supranational.

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Volkov, Aleksandr. "Le régime juridique des relations gazières entre la Russie, l'Union Européenne et les pays membres de l'Union Européenne." Thesis, Tours, 2017. http://www.theses.fr/2017TOUR1004/document.

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L’analyse du droit applicable aux relations sur l’approvisionnement du gaz russe dans l’UE a démontré l’impuissance du droit international de l’énergie, ainsi que les insuffisances du droit local russe et de celui des pays de l’UE et de l’UE. La solution globale à tous les problèmes pourrait être la fourniture de garanties favorisant les opérations d’achat-vente de gaz entre Gazprom et les entreprises des pays de l’UE et le développement des relations de la participation directe des entreprises russes et de l’UE sur les marchés. Les bases de la réglementation de ces relations pourront être fixées dans le nouvel Accord international entre la Russie et l’UE et dans la législation locale
The current legal rules restrain the development of both frameworks now existing – that is, long-term contracts and opened-up markets. The solution to this problem could be the maintain of the first group of relations and the development of the second group. Therefore, it is important to suggest an alternative framework. The basis of such alternative framework could be fixed in an international treaty between Russia, EU and the member-states. This new regulation will also require the adjustment of the local legislation

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Hollingsworth, Brian. "Resource Nationalism and Energy Integration in Latin America: The Paradox of Populism." FIU Digital Commons, 2018. https://digitalcommons.fiu.edu/etd/3790.

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This dissertation examines the relationship between resource nationalism and energy integration, and uses Bolivia and Brazil as a test case. Essentially, does resource nationalism affect energy integration? The findings nest within more expansive questions on international political economy and export-driven models of development. Why do populist regimes, historically operating under an economic nationalist cum protectionist paradigm, simultaneously pursue policies of economic integration? What is the relationship between resource nationalists and open markets, especially in the hydrocarbons sector? What is the relationship between populists, who are typically resource nationalists, and their decision to choose policies of energy integration? The most common responses to the above are that resource nationalists pursue protectionist policies in the hydrocarbon sector. This dissertation demonstrates that once in power, resource nationalists do not always pursue protectionist policies in the hydrocarbon sector, but instead rely on market forces. Another common response is that populists pursue policies of resource nationalism in the hydrocarbon sector. This dissertation demonstrates that populists do not always pursue policies of resource nationalism in the hydrocarbon sector, but instead choose policies of integration. Policies of integration are compelled by market forces, and at times ironically provide the foundation for resource nationalism to later flourish. This dissertation develops a case-study of Bolivia and Brazil to assess the relationship between resource nationalism and energy integration. The case is selected based on each country having energy resources or derivative products for exploitation and use, an energy trade relationship between the countries, the presence of government-run natural resource firms in each country, and a specific period where resource nationalism is present. Bolivia and Brazil are important for this study because of their proximity, particularly where the supply of natural gas is concerned. Proximity is of great importance as natural gas infrastructure is concomitant with energy integration, particularly supply.

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Moya, Juan, and Johannes Östlund. "Finansmarknadens reaktioner på naturkatastrofer förorsakade av enskilda bolag : En eventstudie av katastrofen i den Mexikanska golfen 2010." Thesis, Södertörns högskola, Institutionen för ekonomi och företagande, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-5787.

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Bakgrund: Den 20:e april 2010 inträffade en explosion på BP:s oljeplattform Deepwater Horizon i Mexikanska Golfen. Explosionen uppstod på grund av metangas som under högt tryck expanderade på plattformen och sedan antändes. Detta ledde senare till att oljeplattformen sjönk och ett stort okontrollerat oljeläckage uppstod på cirka 1500 meters djup. Att explosionen i den mexikanska golfen har påverkat BP negativt och varit mycket kostsamt för företaget är uppenbart, börskursen hade som mest sjunkit med cirka 60 procent. Det kan vara intressant att undersöka huruvida denna katastrof, utlöst av en enskild aktör, också har spridit sig över till andra aktörer i Olja & Gas sektorn. Syfte: Syftet med denna C-uppsats är att undersöka huruvida BP:s katastrof i den Mexikanska golfen har påverkat andra aktörer i samma sektor (Olja & Gas sektorn). Metod: Sekundärdata presenteras som en kvantitativ ansats i form av siffror och för att kunna dra slutsatserna använder vi oss av en deduktiv ansats.I denna studie tillämpas en metodikteknik i form av en eventstudie, där beräkningar av den abnorma och förväntade avkastningen baseras på marknadsmodellen. Vidare har två hypoteser testats, där syftet med Hypotes I är att pröva huruvida information om händelsen i den Mexikanska Golfen påverkar andra företag i samma sektor som BP. Syftet med Hypotes II är att testa samma företag under samma period som Hypotes I, men undersöker förändring i tradingvolymerna istället för i aktiekurserna. Teori: Effektiva Marknadshypotesen, Random Walk och Flockbeteende Slutsatser: Dessa båda undersökningar d.v.s. Hypotes I och Hypotes II pekar starkt på slutsatsen att eventet har haft inverkat på övriga bolag i sektorn. Vi kunde vid en jämförelse med tidigare studier som genomförts på andra katastrofer, konstatera att skeendet har både likheter och skillnader.
Background: On the 20th April 2010, the BP oil platform Deepwater Horizon, situated in the Mexican Gulf, exploded. The explosion was caused by methanol gas that, under high pressure expanded and thereafter ignited. The platform submerged and caused a severe and uncontrollable oil leakage at 1500 meters depth.It is obvious that the explosion in the Mexican Gulf has impacted BP in a negative manner and cause BP large financial loss, the company shares had at its worst point depreciated by 60 percent. It may be of interest to investigate whether this catastrophe, caused by one independent party, also have affected other companies within the Oil and Gas industry. Purpose: The aim of this assignment is to investigate whether BP’s catastrophe in the Mexican Gulf has affected other companies within the same industry. (Oil and Gas) Methodology: Secondary data is presented as a quantitative approach in the shape of values and we use a deductive approach in order to draw the conclusions.The methodology used in this study is event study, in which calculation of the abnormal and expected revenue are based on the market model. We will test two types of hypothesis, where the aim of Hypothesis I is to test in which way information about the event in the Mexican Gulf affects other companies in the same industry as BP. The aim of Hypothesis II is to test the same companies during the same period as Hypothesis I, but with a focus on analyzing trading volume instead of the stock market value. Theory: Efficient Market Hypothesis, Random Walk and Herd Behavior Conclusion: Both investigations, i.e. Hypothesis I and Hypothesis II indicate that the event has had an impact on other companies in the same industry. We could, in a comparative analysis with earlier studies, based on other catastrophes, conclude that the event demonstrates similarities as well as differences.

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Vrabcová, Klára. "Finanční analýza společnosti E.On Energie, a.s." Master's thesis, Vysoká škola ekonomická v Praze, 2012. http://www.nusl.cz/ntk/nusl-113275.

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The main aim of the thesis is to perform the financial analysis of company E.ON Energie, a.s. based on the accounting data from 2006-2010, to critically assess the development of the data and important ratios and to compare the results with the best company in the industry sector. The thesis is divided into two main parts: the theory and the practical application. The theory explains the methods that I decided to choose for the financial analysis -- horizontal and vertical analysis, ratios of profitability, leverage, liquidity and activity, the DuPont analysis and selected bonity and bankruptcy models. In the theoretical part I also assess the explanatory power of financial statements and its main threats. In the practical part I present the company as an electricity and natural gas retailer. The energy industry has recently undergone a market liberalization, which had a large impact on the energy companies. As the sector analysis of Michael Porter confirmed, the industry faces greater competition than before. The energy companies are also influenced by macroeconomic developments, e.g. GDP and energy consumption, prices in the electricity market and the euro exchange rate. The main result of the performed financial analysis is the fact that E.ON Energie, a.s. follows its strategy to become a leader in the electricity market. In the years 2009 and 2010 E.ON Energie, a.s. caught up with CEZ Prodej, s.r.o. in the liquidity, leverage and activity ratios. In addition to this, it improved its profitability. Moreover, the revenues grow at a faster pace than in CEZ Prodej, s.r.o. In the future it will be interesting to see how the company will develop despite the increasing competition in the market.

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Müllerová, Petra. "Kritická analýza energetické politiky EU a její dopady na tržní subjekty." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2011. http://www.nusl.cz/ntk/nusl-222871.

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Diplomová práce se zaměřuje na kritické zhodnocení současné energetické politiky Evropské Unie a její dopady na účastníky trhu s energetickými komoditami, především s důrazem na energetické společnosti a koncové spotřebitele.

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48

Johansson, Maria. "Improved Energy Efficiency and Fuel Substitution in the Iron and Steel Industry." Doctoral thesis, Linköpings universitet, Energisystem, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-105849.

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IPCC reported in its climate change report 2013 that the atmospheric concentrations of the greenhouse gases (GHG) carbon dioxide (CO2), methane, and nitrous oxide now have reached the highest levels in the past 800,000 years. CO2 concentration has increased by 40% since pre-industrial times and the primary source is fossil fuel combustion. It is vital to reduce anthropogenic emissions of GHGs in order to combat climate change. Industry accounts for 20% of global anthropogenic CO2 emissions and the iron and steel industry accounts for 30% of industrial emissions. The iron and steel industry is at date highly dependent on fossil fuels and electricity. Energy efficiency measures and substitution of fossil fuels with renewable energy would make an important contribution to the efforts to reduce emissions of GHGs. This thesis studies energy efficiency measures and fuel substitution in the iron and steel industry and focuses on recovery and utilisation of excess energy and substitution of fossil fuels with biomass. Energy systems analysis has been used to investigate how changes in the iron and steel industry’s energy system would affect the steel plant’s economy and global CO2 emissions. The thesis also studies energy management practices in the Swedish iron and steel industry with the focus on how energy managers think about why energy efficiency measures are implemented or why they are not implemented. In-depth interviews with energy managers at eleven Swedish steel plants were conducted to analyse energy management practices. In order to show some of the large untapped heat flows in industry, excess heat recovery potential in the industrial sector in Gävleborg County in Sweden was analysed. Under the assumptions made in this thesis, the recovery output would be more than three times higher if the excess heat is used in a district heating system than if electricity is generated. An economic evaluation was performed for three electricity generation technologies for the conversion of low-temperature industrial excess heat. The results show that electricity generation with organic Rankine cycles and phase change material engines could be profitable, but that thermoelectric generation of electricity from low-temperature industrial excess heat would not be profitable at the present stage of technology development. With regard to fossil fuels substituted with biomass, there are opportunities to substitute fossil coal with charcoal in the blast furnace and to substitute liquefied petroleum gas (LPG) with bio-syngas or bio synthetic natural gas (bio-SNG) as fuel in the steel industry’s reheating furnaces. However, in the energy market scenarios studied, substituting LPG with bio-SNG as fuel in reheating furnaces at the studied scrap-based steel plant would not be profitable without economic policy support. The development of the energy market is shown to play a vital role for the outcome of how different measures would affect global CO2 emissions. Results from the interviews show that Swedish steel companies regard improved energy efficiency as important. However, the majority of the interviewed energy managers only worked part-time with energy issues and they experienced that lack of time often was a barrier for successful energy management. More efforts could also be put into engaging and educating employees in order to introduce a common practice of improving energy efficiency at the company.
Halterna av växthusgaserna koldioxid (CO2), metan och kväveoxider har under de senaste 800 000 åren aldrig varit högre i atmosfären än vad de är idag. Detta resultat redovisades i IPCCs klimatrapport år 2013. CO2-koncentrationen har ökat med 40 % sedan förindustriell tid och denna ökning beror till största delen på förbränning av fossila bränslen. Ökade koncentrationer av växthusgaser leder till högre global medeltemperatur vilket i sin tur resulterar i klimatförändringar. För att bromsa klimatförändringarna är det viktigt att vi arbetar för att minska utsläppen av växthusgaser. Industrin står för 20 % av de globala utsläppen av CO2 och järn- och stålindustrin står för 30 % av industrins utsläpp. Järn- och stålindustrin är i dag till stor del beroende av fossila bränslen och el för sin energiförsörjning. Energieffektiviseringsåtgärder och byte av fossila bränslen mot förnybar energi i järn- och stålindustrin skulle kunna bidra till minskade utsläpp av växthusgaser. Denna avhandling studerar åtgärder för effektivare energianvändning och möjligheter för bränslebyte i järn- och stålindustrin. Avhandlingen fokuserar på återvinning och utnyttjande av överskottsenergier och ersättning av fossila bränslen med biomassa. Energisystemanalys har använts för att undersöka hur förändringar i järn- och stålindustrins energisystem skulle påverka ekonomin och de globala utsläppen av CO2. Avhandlingen studerar också betydelsen av energiledning och nätverkande för att uppnå en effektivare energianvändning. Fokus har här varit på att studera hur energiansvariga resonerar kring varför energieffektiviseringsåtgärder genomförs eller varför de inte genomförs. Djupintervjuer med energiansvariga vid elva svenska stålverk genomfördes för att analysera denna fråga. För att ge ett exempel på den stora outnyttjade potentialen av överskottsvärme från industrin analyserades potentialen i Gävleborgs län. Möjligheterna att använda överskottsvärmen som fjärrvärme eller för att producera el analyserades. Här visar resultaten att fjärrvärmeproduktionen skulle bli mer än tre gånger så stor som elproduktionen. En ekonomisk utvärdering gjordes där tre tekniker för produktion av el från lågtempererad industriell överskottsvärme jämfördes. Resultaten visar att elproduktion med organisk Rankine-cykel eller en så kallad fasändringsmaterialmotor kan vara lönsam, men att termoelektrisk elproduktion inte är lönsam med dagens teknik och prisnivåer. Det är möjligt att ersätta en del av det fossila kolet i masugnen med träkol och på detta sätt introducera förnybar energi i stålindustrin. Man kan också ersätta gasol som används som bränsle i stålindustrins värmningsugnar med syntesgas eller syntetisk naturgas (SNG) som produceras genom förgasning av biomassa. Under de antaganden som gjorts i avhandlingen skulle det dock inte vara lönsamt för det skrotbaserade stålverk som studerats att ersätta gasolen med bio-SNG. För att uppnå lönsamhet behövs i detta fall ekonomiska styrmedel. Hur olika åtgärder påverkar de globala utsläppen av CO2 beror till stor del på hur framtidens energimarknad ser ut. Elproduktion från industriell överskottsvärme skulle minska de globala CO2-utsläppen i alla scenarier som studerats, men för de andra åtgärderna varierar resultaten beroende på vilka antaganden som gjorts. Resultaten från intervjustudien visar att svensk stålindustri anser att energifrågan är viktig, men det finns fortfarande mycket att göra för att effektivisera energianvändningen i denna sektor. Flera av de intervjuade arbetade bara deltid med energifrågor och de upplevde att tidsbrist hindrade dem från ett effektivt energiledningsarbete. En rekommendation till företagen är därför att anställa en energiansvarig på heltid och/eller fler personer som kan arbeta med energifrågor. Det bör också läggas mer resurser på att engagera och utbilda anställda för att på så sätt introducera en företagskultur som främjar effektiv energianvändning.

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49

Hill, Mark. "The British North Sea: The Importance Of And Factors Affecting Tax Revenue From Oil Production." BYU ScholarsArchive, 2004. https://scholarsarchive.byu.edu/etd/4229.

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The oil industry is the richest and most influential industry in the world. The industry has moved the fates of nations. Oil is required to fight wars and exert power, and the restriction of this energy source is paramount to the restriction of movement, control, and in the end, power. Management of this resource and the tax revenue it generates are of serious strategic importance, both domestically and internationally. Understanding the results of taxation for this important commodity is important to international relations as well. The tax system affects tax revenue, government actions, oil company actions, and the oil supply itself. Each of these is important to international relations.

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50

Hsin-Lun, Hsieh, and 謝幸倫. "The Research of Global Natural Gas Market - with Analysis of Taiwan Natural Gas Market." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/x664qu.

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碩士
東吳大學
國際經營與貿易學系
101
Because of global climate change and the lack of international energy supply, many countries chose using more natural gas than coal to limit the emission of greenhouse gas. Natural gas is a clean energy with high efficiency, and low pollution. In recent years, in addition to existing countries producing natural gas, a so-called “unconventional gas” is also produced a lot. In North America, production of unconventional gas has risen rapidly, and is expected to dominate the overall US natural gas production in the coming years and decades. U.S. is able to become a net exporter, and the former exporter in the Middle East may also be forced looking to China and other countries. In terms of prices, the prices of natural gas in the three regions (North America, Europe and Asia Pacific) also may be affected by supply, demand and crude oil prices. This thesis studies two themes of supply-demand relationship and price in the natural gas industry. There are six key points for this purpose： 1.Utilizing the secondary data to explore the generation, storage and transportation of natural gas. 2.To research the supply of conventional and unconventional gas by countries. 3.To research the demand by countries. 4.To analyze the trade situation by combining the supply and demand by countries. 5.To observe whether the natural gas price change is affected by inter-regional price and crude oil price or not. 6.To research Taiwan natural gas market, and using SWOT model to give some suggestions to this program for future development.

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