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Practical Application of a Worldwide Gas Market Model at Stadtwerke München

In: Operations Research Proceedings 2015

Author

Listed:
  • Maik Günther

    (Stadtwerke München GmbH)

Abstract

In this paper the worldwide gas market model WEGA and the base case scenario of Stadtwerke München (SWM) are described. The potential of WEGA in practical application is shown through three sensitivity analyses. Firstly, it is demonstrated that shale gas in Europe has only a small impact on European gas prices in future. Nevertheless, shale gas is very important for security of supply in Europe. The second sensitivity analysis is calculated with modified U.S. liquefied natural gas (LNG) export volumes. A surge of LNG would significantly decrease the gas price in Europe. On the other hand, Europe will be oversupplied till the end of the twenties and consequently, the prices will be relatively immune to few U.S. LNG export volumes in this period. At the third sensitivity analysis, gas demand is modified. The results reveal that the gas prices are very sensitive to changes of demand.

Suggested Citation

  • Maik Günther, 2017. "Practical Application of a Worldwide Gas Market Model at Stadtwerke München," Operations Research Proceedings, in: Karl Franz Dörner & Ivana Ljubic & Georg Pflug & Gernot Tragler (ed.), Operations Research Proceedings 2015, pages 715-721, Springer.
    • Handle: RePEc:spr:oprchp:978-3-319-42902-1_96
    DOI: 10.1007/978-3-319-42902-1_96
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