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COLUMBUS - A global gas market model

Harald Hecking and Timo Panke ()

No 2012-6, EWI Working Papers from Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)

Abstract: A model of the global gas market is presented which in its basic version optimises the future development of production, transport and storage capacities as well as the actual gas ows around the world assuming perfect competition. Besides the transport of natural gas via pipelines also the global market for lique ed natural gas (LNG) is modeled using a hub-and-spoke approach. While in the basic version of the model an inelastic demand and a piecewise-linear supply function are used, both can be changed easily, e.g. to a Golombek style production function or a constant elasticity of substitution (CES) demand function. Due to the usage of mixed complementary programming (MCP) the model additionally allows for the simulation of strategic behaviour of di erent players in the gas market, e.g. the gas producers.

Keywords: Natural gas market; partial equilibrium modelling; MCP (search for similar items in EconPapers)
JEL-codes: C61 L72 Q34 Q41 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2012-03-09
New Economics Papers: this item is included in nep-cmp and nep-ene
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