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A North American Gas Trade Model (GTM)

Author

Listed:
  • Mark A. Beltramo
  • Alan S. Manne
  • John P. Weyant

Abstract

Natural gas ranks second only to crude oil as a primary source of energy in North America, During recent years, gas has satisfied 25 percent of all energy requirements in the United States. Most of this gas has been produced domestically, but 5 to 10 percent has been supplied by pipeline imports from Canada and Mexico. Additional amounts could be provided by pipelines from Alaska or by LNG (liquefied natural gas) imports from overseas, but these facilities would be expensive, and their construction continues to be delayed. Transport costs are high, and geography plays a far more important role in international gas markets than in the oil markets. For this reason, we view the North American continent as a largely self-contained system.

Suggested Citation

  • Mark A. Beltramo & Alan S. Manne & John P. Weyant, 1986. "A North American Gas Trade Model (GTM)," The Energy Journal, , vol. 7(3), pages 15-32, July.
    • Handle: RePEc:sae:enejou:v:7:y:1986:i:3:p:15-32
    DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No3-2
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    Cited by:

    1. Peixiang Jiang & Chao Ding & Zhiliang Dong & Sen Liu & Yichi Zhang, 2022. "Research on the Trade Characteristics of Conventional Energy Network Countries: Based on the Trade Characteristics of Leading Countries," Sustainability, MDPI, vol. 14(24), pages 1-18, December.
    2. Feijoo, Felipe & Huppmann, Daniel & Sakiyama, Larissa & Siddiqui, Sauleh, 2016. "North American natural gas model: Impact of cross-border trade with Mexico," Energy, Elsevier, vol. 112(C), pages 1084-1095.
    3. Alexios Skarakis & Athanasios Dagoumas, 2017. "An Optimization Model of the European Natural Gas System," International Journal of Energy Economics and Policy, Econjournals, vol. 7(6), pages 48-60.
    4. Avraam, Charalampos & Chu, Daniel & Siddiqui, Sauleh, 2020. "Natural gas infrastructure development in North America under integrated markets," Energy Policy, Elsevier, vol. 147(C).

    More about this item

    Keywords

    Gas trade model (GTM); North America; Natural gas market; pipelines; LNG;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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