The Economic Viability of Gas-to-liquids Technology and the Crude Oil-natural Gas Price Relationship

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ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis The Economic Viability of Gas-to-liquids Technology and the Crude Oil-natural Gas Price Relationship by :

Download or read book The Economic Viability of Gas-to-liquids Technology and the Crude Oil-natural Gas Price Relationship written by and published by . This book was released on 2017 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the viability of a gas-to-liquids (GTL) technology and examines how GTL penetration could shape the evolution of the crude oil–natural gas price ratio. Much research has established the cointegrated relationship between crude oil and natural gas prices in the U.S. The persistently low U.S. natural gas prices in recent years seem to mark a shift in this relationship, and have led some in industry to begin considering investments in GTL capacity in the US. In order to look forward over decades when the underlying economic drivers may be outside of historical experience, we use a computable general equilibrium model of the global economy to evaluate the economic viability of GTL and its impact on the evolution of the crude oil–natural gas price ratio. Our results are negative for the potential role of GTL. In order to produce any meaningful penetration of GTL, we find it necessary to evaluate scenarios that seem extreme. With any carbon cap GTL is not viable. Moreover, even without a carbon cap of any kind, extremely optimistic assumptions about (i) the cost and efficiency of GTL technology and about (ii) the available resource base of natural gas and the cost of extraction, before the technology penetrates and it impacts the evolution of the crude oil–natural gas price ratio. JEL classification Q4, Q41, Q47, C68. Keywords: Gas-to-liquids technology, Natural gas price, Oil price, General equilibrium model.

General Equilibrium Impacts of New Energy Technologies on Sectoral Energy Usage

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ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.:/5 (924 download)

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Book Synopsis General Equilibrium Impacts of New Energy Technologies on Sectoral Energy Usage by : David John Ramberg

Download or read book General Equilibrium Impacts of New Energy Technologies on Sectoral Energy Usage written by David John Ramberg and published by . This book was released on 2015 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dissertation examines conditions under which gas-to-liquids (GTL) technology penetration shifts the crude oil-natural gas price ratio. Empirical research finds long-run relationships between crude oil and natural gas prices. Some studies include time trends that steadily evolve the pricing relationship, while others show a long-run relationship that occasionally shifts significantly. A common hypothesis is that technologies that increase substitutability or complementarity between fuels are the source of the price linkage. However, empirically measuring the effects of a gradually-penetrating technology across narrow time frames is not possible due to intervening economic shocks. This thesis examines the effects of an energy conversion technology penetration on the crude oil-natural gas price ratio through its influence on sectoral energy use in the U.S. GTL must be less expensive and more efficient, and natural gas prices must be lower, than currently forecast for an effect to be measured. In the absence of a technology that explicitly allows for substitution between natural gas and petroleum-based fuels, different rates of demand growth result in a steadily-rising oil-gas price ratio. If a viable GTL technology successfully competes against petroleum-derived refined fuels, it dampens crude oil price increases and brings the oil-gas price ratio below the levels found in cases without a viable GTL technology.

Economics of Gas to Liquids Technology for Monetization of Alaska North Slope Natural Gas Reserves

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ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.:/5 (728 download)

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Book Synopsis Economics of Gas to Liquids Technology for Monetization of Alaska North Slope Natural Gas Reserves by : Chinenye C. E. Ogugbue

Download or read book Economics of Gas to Liquids Technology for Monetization of Alaska North Slope Natural Gas Reserves written by Chinenye C. E. Ogugbue and published by . This book was released on 2006 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The proven natural gas reserves of the Alaska North Slope (ANS) have enormous potential as clean-burning energy resources, if they can be effectively and efficiently utilized. These gas resources, exceeding 35 trillion cubic feet (TCF), currently represent a significant proportion of the energy equivalence of proven ANS oil reserves. With ANS located far from potential markets, there is need to evaluate the prospective economics of promising technologies for monetization of these stranded gas reserves. The economics of the chemical conversion of natural gas to synthetic liquid fuels favored by recent advances in FT synthesis techniques, liquid fuel transportation for the Trans Alaskan Pipeline System (TAPS) operations, and increased demand for clean burning diesel fuels, was the main focus of this study. Economic evaluation using Internal Rate of Return (IRR) analysis, Payout Time and the Net Present Value (NPV) to access and compare the economic viability of 3-train and 4-train GTL Projects is performed. Monte-Carlo simulation using the Crystal Ball software was utilized to run sensitivity analysis, incorporating the probabilistic approach, which generated insightful scenarios on the project economics"--Leaf iii.

The Economics of Natural Gas in Developing Countries

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Publisher : Elsevier
ISBN 13 : 1483190900
Total Pages : 145 pages
Book Rating : 4.4/5 (831 download)

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Book Synopsis The Economics of Natural Gas in Developing Countries by : John C. Gault

Download or read book The Economics of Natural Gas in Developing Countries written by John C. Gault and published by Elsevier. This book was released on 2014-05-23 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Natural Gas in Developing Countries provides information pertinent to the utilization of natural gas in developing countries. This book examines the potential domestic uses of natural gas as well as its export possibilities. Organized into 13 chapters, this book begins with an overview of the policies that provide adequate incentives for gas development in order to maximize the availability of gas for domestic uses. This text then examines the worldwide demand and supply of natural gas. Other chapters consider the requirements for gas-trade projects, which consists of a substantial market in the importing region and a significant gas reserve in the exporting country. This book discusses as well the differences between oil and gas development in terms of cost, marketing, technology, and government regulation. The final chapter deals with the significant potential for natural gas. This book is a valuable resource for economists, engineers, and engineering consultants.

Natural Gas Liquids

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ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Natural Gas Liquids by : Richard F. Zaffarano

Download or read book Natural Gas Liquids written by Richard F. Zaffarano and published by . This book was released on 1970 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Combustion Chemistry and the Carbon Neutral Future

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Publisher : Elsevier
ISBN 13 : 0323993109
Total Pages : 666 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Combustion Chemistry and the Carbon Neutral Future by : Kenneth Brezinsky

Download or read book Combustion Chemistry and the Carbon Neutral Future written by Kenneth Brezinsky and published by Elsevier. This book was released on 2023-02-16 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the demands for cleaner, more efficient, reduced and zero carbon emitting transportation increase, the traditional focus of Combustion Chemistry research is stretching and adapting to help provide solutions to these contemporary issues. Combustion Chemistry and the Carbon Neutral Future: What will the Next 25 Years of Research Require? presents a guide to current research in the field and an exploration of possible future steps as we move towards cleaner, greener and reduced carbon combustion chemistry. Beginning with a discussion of engine emissions and soot, the book goes on to discuss a range of alternative fuels, including hydrogen, ammonia, small alcohols and other bio-oxygenates, natural gas, syngas and synthesized hydrocarbon fuels. Methods for predicting and improving efficiency and sustainability, such as low temperature and catalytic combustion, chemical looping, supercritical fluid combustion, and diagnostic monitoring even at high pressure, are then explored. Some novel aspects of biomass derived aviation fuels and combustion synthesis are also covered. Combining the knowledge and experience of an interdisciplinary team of experts in the field, Combustion Chemistry and the Carbon Neutral Future: What will the Next 25 Years of Research Require? is an insightful guide to current and future focus areas for combustion chemistry researchers in line with the transition to greener, cleaner technologies. - Provides insight on current developments in combustion chemistry as a tool for supporting a reduced-carbon future - Reviews modeling and diagnostic tools, in addition to key approaches and alternative fuels - Includes projections for the future from leaders in the field, pointing current and prospective researchers to potentially fruitful areas for exploration

Convergence and Divergence of Crude Oil and Natural Gas Prices

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (954 download)

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Book Synopsis Convergence and Divergence of Crude Oil and Natural Gas Prices by : George M. Romagus

Download or read book Convergence and Divergence of Crude Oil and Natural Gas Prices written by George M. Romagus and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This research investigates the possibility that WTI crude oil and Henry Hub natural gas prices share a stable link. Economic theory suggests that the two commodities are linked by both supply and demand given that the commodities can be coproduced and many consumers have the ability to switch between the fuels. In general, it would appear that the two commodities support this theory with natural gas prices tracking crude oil prices fairly well until late 2008. However, since the end of 2008 the two price series have diverged and appear to move independently of each other. Reduced fuel switching capabilities in U.S. industry and electric power generation coupled with increased technology and production from shale formations have potentially changed the driving force behind natural gas prices. However, a severe recession has impacted world economies over the same time period making the cause of the disparity between crude oil and natural gas prices unclear. Therefore, this research analyzed the possible long-term link between the two commodities over two timeframes. Using an error correction model that includes exogenous factors affecting the short-run dynamics of natural gas prices over the period January 1999 through September 2008, I find evidence of a long-run cointegrating relationship between natural gas and crude oil prices. Additionally, crude oil prices are found to be weakly exogenous to the system, suggesting causality runs from crude oil to natural gas prices. Extending this series through February 2012 yields much weaker evidence of a cointegrating relationship and provides evidence for the decoupling crude oil and natural gas prices.

U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves ... Annual Report

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Publisher :
ISBN 13 :
Total Pages : 516 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves ... Annual Report by :

Download or read book U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves ... Annual Report written by and published by . This book was released on 1992 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil and Natural Gas

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Publisher : Nova Publishers
ISBN 13 : 9781590336564
Total Pages : 208 pages
Book Rating : 4.3/5 (365 download)

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Book Synopsis Oil and Natural Gas by : V. C. Mtsiva

Download or read book Oil and Natural Gas written by V. C. Mtsiva and published by Nova Publishers. This book was released on 2003 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political words, machinations and policies galore cannot disguise US dependence on foreign petroleum and natural gas to keep the country moving. The ever-changing geopolitical scene complicates the pictures as does US willingness to use military force to keep the spigots open. This new book presents and analyses the current issues in this big-money, big-risk and non-trivial field.

Analyses and Projections of the Historic Patterns of U.S. Domestic Supply of Crude Oil, Natural Gas, and Natural Gas Liquids

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ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Analyses and Projections of the Historic Patterns of U.S. Domestic Supply of Crude Oil, Natural Gas, and Natural Gas Liquids by : C. L. Moore

Download or read book Analyses and Projections of the Historic Patterns of U.S. Domestic Supply of Crude Oil, Natural Gas, and Natural Gas Liquids written by C. L. Moore and published by . This book was released on 1966 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Response of Natural Gas and Crude Oil Exploration and Discovery to Economic Incentives

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Publisher : Ayer Publishing
ISBN 13 : 9780405120145
Total Pages : 264 pages
Book Rating : 4.1/5 (21 download)

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Book Synopsis Response of Natural Gas and Crude Oil Exploration and Discovery to Economic Incentives by : Robert Donald Spooner

Download or read book Response of Natural Gas and Crude Oil Exploration and Discovery to Economic Incentives written by Robert Donald Spooner and published by Ayer Publishing. This book was released on 1979-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

31st European Symposium on Computer Aided Process Engineering

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Publisher : Elsevier
ISBN 13 : 0323885136
Total Pages : 2146 pages
Book Rating : 4.3/5 (238 download)

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Book Synopsis 31st European Symposium on Computer Aided Process Engineering by : Metin Türkay

Download or read book 31st European Symposium on Computer Aided Process Engineering written by Metin Türkay and published by Elsevier. This book was released on 2021-07-22 with total page 2146 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 31st European Symposium on Computer Aided Process Engineering: ESCAPE-31, Volume 50 contains the papers presented at the 31st European Symposium of Computer Aided Process Engineering (ESCAPE) event held in Istanbul, Turkey. It is a valuable resource for chemical engineers, chemical process engineers, researchers in industry and academia, students and consultants in the chemical industries. - Presents findings and discussions from the 31st European Symposium of Computer Aided Process Engineering (ESCAPE) event

The Economics of Natural Gas

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Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Economics of Natural Gas by : DeAnne Julius

Download or read book The Economics of Natural Gas written by DeAnne Julius and published by Oxford University Press, USA. This book was released on 1990 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural gas resembles oil in fulfilling a wide variety of uses as both a source of energy and a feedstock, but the proportion of world production that is traded internationally is very much lower, and insufficient for a world price of gas to be established. This book addresses the issues of how the economic price of gas is determined. These are illustrated with estimates of the costs of exploration and production of gas, and of the benefits to be derived from its use in various economic sectors for a number of Third World countries.

Green Petroleum

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Publisher : John Wiley & Sons
ISBN 13 : 1118444078
Total Pages : 427 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Green Petroleum by : M. R. Islam

Download or read book Green Petroleum written by M. R. Islam and published by John Wiley & Sons. This book was released on 2012-09-25 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can "green petroleum" reverse global warming and bring down high gasoline prices? Written in non-technical language for the layperson, this book investigates and details how the oil and gas industry can "go green" with new processes and technologies, thus bringing the world's most important industry closer to environmental and economic sustainability. This book unravels the mysteries of the current energy crisis and argues that solutions to global warming will come only from the development of new technologies. Discussed here are the reasons why petroleum operations, as they are now, are not sustainable; how each practice treads an inherently implosive path; and how each spells irreversible damage to the planet's ecosystem. Fossil fuel consumption is not the culprit; rather, the practices involved, from exploration to refining and processing, are responsible for the current damage to the environment.

Handbook of Natural Gas Technology and Business

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Publisher : Pentagon Press
ISBN 13 : 9788182744363
Total Pages : 1012 pages
Book Rating : 4.7/5 (443 download)

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Book Synopsis Handbook of Natural Gas Technology and Business by : Parag Diwan

Download or read book Handbook of Natural Gas Technology and Business written by Parag Diwan and published by Pentagon Press. This book was released on 2009 with total page 1012 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ``Handbook of Natural Gas Technology and Business`` is a comprehensive work covering almost all the facets of technology and business issue regarding Natural Gas which is playing a stellar role in meeting the world`s energy needs. It looks into a series of important Exonomic, Political and Technological factors, inter alia, the growing global demand for energy, the ongoing deregulation of gas and electricity markets, a preference for natural gas as the cleanest of all hydrocarbons, and the decline in the cost of producing and shipping Liquefied Natural Gas (LNG). These taken together are shaping the future of gas markets around the world.

Final Report on an Economic Model of New Crude Oil and Natural Gas Supplies in the Lower 48 States

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Publisher :
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Final Report on an Economic Model of New Crude Oil and Natural Gas Supplies in the Lower 48 States by : Young Y. Kim

Download or read book Final Report on an Economic Model of New Crude Oil and Natural Gas Supplies in the Lower 48 States written by Young Y. Kim and published by . This book was released on 1977 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetizing Natural Gas in the New “New Deal” Economy

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Publisher : Springer Nature
ISBN 13 : 3030599833
Total Pages : 552 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Monetizing Natural Gas in the New “New Deal” Economy by : Michelle Michot Foss

Download or read book Monetizing Natural Gas in the New “New Deal” Economy written by Michelle Michot Foss and published by Springer Nature. This book was released on 2021-05-11 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural gas markets have undergone momentous changes, worldwide. This book updates and expands on the dynamics, performance and forward path of expanding natural gas use in the US and worldwide, including international trade. It brings together major research themes and findings with recent updates and analysis of new trends and developments. It also explores many considerations for natural gas market development, such as the importance of infrastructure, transparent pricing, and institutional capacity. This book is unique in providing background on the full natural gas value chain as well as information and analysis that can foster scenario-building and decision-making. Of particular value are the lessons learned and demonstrated for those countries that aspire to build effective natural gas markets and to expand natural gas development and use.