Optimization Models for the Natural Gas Value Chain

Asgeir Tomasgard (), Frode Rømo (), Marte Fodstad () and Kjetil Midthun ()
Additional contact information
Asgeir Tomasgard: Norwegian University of Science and Technology, Department of Industrial Economics and Technology Management
Frode Rømo: SINTEF Technology and Society, Applied Economics and Operations Research
Marte Fodstad: SINTEF Technology and Society, Applied Economics and Operations Research
Kjetil Midthun: Norwegian University of Science and Technology, Department of Industrial Economics and Technology Management

A chapter in Geometric Modelling, Numerical Simulation, and Optimization, 2007, pp 521-558 from Springer

Abstract: Abstract In this paper we give an introduction to modelling the natural gas value chain including production, transportation, processing, contracts, and markets. The presentation gives insight in the complexity of planning in the natural gas supply chain and how optimization can help decision makers in a natural gas company coordinate the different activities. We present an integrated view from the perspective of an upstream company. The paper starts with decribing how to model natural gas transportation and storage, and at the end we present a stochastic portfolio optimization model for the natural gas value chain in a liberalized market.

Keywords: Natural gas markets; Gas value chain; Stochastic programming; Portfolio optimization; Gas transport (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-68783-2_16

Ordering information: This item can be ordered from
http://www.springer.com/9783540687832

DOI: 10.1007/978-3-540-68783-2_16

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().