Unconventional gas: What value for the option to develop ?

Oana Ionescu () and Catherine Locatelli ()
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Oana Ionescu: G2ELab - Laboratoire de Génie Electrique de Grenoble - UJF - Université Joseph Fourier - Grenoble 1 - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - INPG - Institut National Polytechnique de Grenoble - CNRS - Centre National de la Recherche Scientifique, équipe EDDEN - PACTE - Pacte, Laboratoire de sciences sociales - UPMF - Université Pierre Mendès France - Grenoble 2 - UJF - Université Joseph Fourier - Grenoble 1 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble - CNRS - Centre National de la Recherche Scientifique
Catherine Locatelli: équipe EDDEN - PACTE - Pacte, Laboratoire de sciences sociales - UPMF - Université Pierre Mendès France - Grenoble 2 - UJF - Université Joseph Fourier - Grenoble 1 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble - CNRS - Centre National de la Recherche Scientifique

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Abstract: In this article we lay emphasis on the main economic features related to the development of unconventional gas seen as a highly sophisticated technology which may contribute to address the needs of a world increasingly hungry for energy. More particularly, the article aims at showing how the real options theory may be a convenient tool to analyze the decision to invest in the shale gas production by simultaneously taking into account the uncertainty, the irreversibility and the negative externality on the environment.

Keywords: energy security; real options; shale gas (search for similar items in EconPapers)
Date: 2014-06-15
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Citations: View citations in EconPapers (1)

Published in Energy & the economy : 37th IAEE international conference, Jun 2014, New-York, United States

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01011236

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