Spot sale of uncommitted LNG from Middle East: Japan or the UK?

Hamed Nikhalat-Jahromi, Michael G.H. Bell, Dalila B.M.M. Fontes, Robert A. Cochrane and Panagiotis Angeloudis

Energy Policy, 2016, vol. 96, issue C, 717-725

Abstract: The importance of liquefied natural gas (LNG) is rising as demand for it grows rapidly and steadily due to growth in energy demand, the transition to a low carbon economy and the longer distances over which natural gas is now traded. Given its importance, this work proposes an optimization model that assists to decide on when and where LNG should be delivered by coordinating tanker type, assignment and routing, inventory management, contract obligations, arbitrage and uncommitted LNG. The model maximizes the profit mainly by taking advantage of price differences between different markets.

Keywords: LNG; Operational planning; EBITDA; Inventory routing problem; Spot sale (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:96:y:2016:i:c:p:717-725

DOI: 10.1016/j.enpol.2016.06.027

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