The impact of the natural gas price on industrial performance during a hybrid war

2021 ◽  
Vol 24 (4) ◽  
pp. 105-120
Author(s):  
Anatoliy Goncharuk ◽  
Valeria Liashenko-Shcherbakova ◽  
Natalia Chaika
Keyword(s):  
Natural Gas ◽  
Industrial Performance ◽  
Hybrid War ◽  
Gas Price ◽  
The Impact

scholarly journals Crude oil, natural gas, and economic growth: impact and causality analysis in Caspian Sea region

2018 ◽  
Vol 54 (3) ◽  
pp. 169-184 ◽  
Author(s):  
S M Rashed Jahangir ◽  
Betul Yuce Dural
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Crude Oil ◽  
Caspian Sea ◽  
Oil Price ◽  
Crude Oil Price ◽  
Causality Test ◽  
Oil And Natural Gas ◽  
Gas Price ◽  
The Impact

Abstract The main objective of this study was to investigate the impact and causality of crude oil and natural gas on economic growth in the Caspian Sea region. Here, the study applies ordinary least square (OLS) method and Granger causality test using time series data from 1997 to 2015 to ascertain the impact and causality of crude oil and natural gas on economic growth. The results, according to the OLS method, evince that crude oil and natural gas have a significant impact on economic growth of the region. Alongside, considering causality test, gross domestic product (GDP) does Granger cause (unidirectional) crude oil price and export which denotes that GDP can help to forecast crude oil price and export; however, crude oil price and export cannot help to forecast GDP. Surprisingly, this direction is unlikely for GDP and natural gas. GDP and natural gas have unidirectional, but opposite causal relationship, i.e., natural gas price and export do Granger cause GDP which signify that natural gas price and export can help to forecast GDP; however, GDP cannot help to forecast crude oil price and export.

scholarly journals Analisis Dampak Insentif Fiskal Penetapan Harga Gas Bagi Industri Domestik Terhadap Perekonomian: Pendekatan Model CGE Dinamis

2018 ◽  
Vol 2 (1) ◽  
pp. 39-51
Author(s):  
Anda Nugroho ◽  
Hidayat Amir
Keyword(s):  
Natural Gas ◽  
Computable General Equilibrium ◽  
Production Costs ◽  
Gas Utilization ◽  
Fiscal Incentives ◽  
Fiscal Incentive ◽  
Ceramic Glass ◽  
The Government ◽  
Gas Price ◽  
The Impact

AbstrakOptimalisasi pemanfaatan gas bumi untuk kebutuhan domestik terkendala oleh mahalnya harga gas yang sampai di tangan industri pengguna gas domestik. Untuk mengatasi hal tersebut, pemerintah telah mengeluarkan insentif fiskal berupa Perpres nomor 40 tahun 2016 tentang Penetapan Harga Gas Bumi. Penelitian ini bertujuan untuk menganalis dampak dari insentif fiskal tersebut terhadap perekonomian nasional. Hasil simulasi dengan model Computable General Equilibrium (CGE) Fiskal Dinamis menunjukkan bahwa kebijakan penetapan harga gas bumi tertentu dapat meningkatkan kinerja perekonomian nasional. Hal tersebut ditandai dengan adanya peningkatan GDP pada kisaran 0,12% - 0,13% pada jangka menengah. Pada sisi industri, harga input gas yang lebih rendah akan memangkas biaya produksi sehingga membuat output industri menjadi lebih murah kompetitif. Industri yang mengalami peningkatan output antara lain industri besi baja, industri pupuk, industri keramik, industri kaca, industri barang-barang dari karet, industri pulp & kertas, dan industri makanan & minuman.AbstractExpensive domestic gas price has constrained the natural gas utilization by the domestic industry. To deal with this situation, the government has issued fiscal incentives of Presidential Regulation number 40 of 2016 on the Natural Gas Price Regulation. The purpose of this paper is to analyze the impact of the fiscal incentives to the economy. The Simulation result with Dynamic Fiscal CGE model shows that overall, the fiscal incentive will improve the performance of the national economy. The GDP increases in the range of 0.12% - 0.13% in the medium term. On the micro side, lower gas input prices will lower production costs, thus making industrial output cheaper and more competitive. The output of the following Industries are increasing: steel, fertilizer, ceramic, glass, rubber, pulp & paper, and food & beverage

scholarly journals The Impact of Natural Gas Price Deregulation on the South Carolina Food-Processing Sectors

1983 ◽  
Vol 15 (2) ◽  
pp. 41-48 ◽  
Author(s):  
Mark S. Henry
Keyword(s):  
South Carolina ◽  
Natural Gas ◽  
Policy Debate ◽  
Natural Gas Pipelines ◽  
Natural Gas Markets ◽  
Natural Gas Prices ◽  
The Subject ◽  
Gas Price ◽  
The Impact ◽  
Recent Policy

The economic distortions that have been caused by federal regulation of natural gas markets have been the subject of many recent studies (Committee for Economic Development [CED]; Brickhill; Hall; MacAvoy and Pindyck; and Means). The most recent policy debate concerns the relative merits of alternatives to the price deregulation schedule of the 1978 Natural Gas Policy Act (NGPA). The range of options runs from freezing natural gas prices at current levels to complete decontrol of natural gas prices by January 1, 1986. Producers of natural gas, pipelines, distribution utilities, and end users all suffer from some sort of economic distortion under the NGPA (CED, pp. 50-60).

How Does Public Attention Influence Natural Gas Price?

2017 ◽  
pp. 1489-1506
Author(s):  
Xin Li ◽  
Jian Ma ◽  
Wei Shang ◽  
Shouyang Wang ◽  
Xun Zhang
Keyword(s):  
Natural Gas ◽  
Forecast Accuracy ◽  
Predictive Ability ◽  
Energy Economics ◽  
Energy Price ◽  
Public Attention ◽  
Data Set ◽  
Positive Correlation Coefficient ◽  
Gas Price ◽  
The Impact

Public attention on natural gas price, which reflects the demand dynamics, is considered as a new factor to influence the movement of price. So investigate the impact of public attention on natural gas price is an innovative research issue in energy economics. This paper innovatively constructs a measure of public attention and examines its impact on natural gas price. A data set generated from Google Trends is used to measure public attention and then rigorous econometric models are applied to evaluate its predictive ability. The empirical study shows that (i) public attention is closely related to natural gas price, with contemporaneous positive correlation coefficient being 0.59, (ii) public attention leads natural gas price, (iii) the model including public attention data outperforms benchmark model. By using a more direct and representative way of forecasting based on the knowledge collected from the users, this paper also has important implications for applying Internet knowledge to improve the forecast accuracy of other energy price.

Feasibility of CCHP System in Certain Large-Scale Public Building

2012 ◽  
Vol 608-609 ◽  
pp. 1156-1165
Author(s):  
Chao Yang ◽  
Ying Jun Ruan ◽  
Wei Guo Zhou ◽  
Jian Wang ◽  
Zhi Li Zhang
Keyword(s):  
Natural Gas ◽  
Large Scale ◽  
Ratio Method ◽  
Public Building ◽  
Electric Generator ◽  
Load Characteristics ◽  
Absorption Refrigerator ◽  
Gas Price ◽  
Installed Capacity ◽  
The Impact

According to the information of a large-scale public building in Shanghai, annual hourly loads of cooling, heating and power are calculated separately on the basis of Hourly Load Apportionment Ratio Method. Based on load characteristics and local practical condition, three cases are proposed for further comparison and selection by PRUE, ESR, CRR and PBP, and then the optimal case is to be determined. Moreover, the impact of installed capacity and gas price on the effect of applying CCHP system would be discussed. The result shows that both hotel and office area are appropriate for utilizing CCHP system; the combination of electro-refrigerator and absorption refrigerator is more economically preferable; PBP increases at first and then decreases while the capacity of electric generator rises, and when the capacity of generator and refrigerator are 4000kW and 4500RT, the PBP is lowest; The PBP will be 3 to 5 years if the price of natural gas could be fixed between 2.5 Yuan/m3 and 3Yuan/m3, which is a remarkable indicator of economical efficiency.

How Does Public Attention Influence Natural Gas Price?

2014 ◽  
Vol 5 (2) ◽  
pp. 65-80 ◽  
Author(s):  
Xin Li ◽  
Jian Ma ◽  
Wei Shang ◽  
Shouyang Wang ◽  
Xun Zhang
Keyword(s):  
Natural Gas ◽  
Forecast Accuracy ◽  
Predictive Ability ◽  
Energy Economics ◽  
Energy Price ◽  
Public Attention ◽  
Data Set ◽  
Positive Correlation Coefficient ◽  
Gas Price ◽  
The Impact

Public attention on natural gas price, which reflects the demand dynamics, is considered as a new factor to influence the movement of price. So investigate the impact of public attention on natural gas price is an innovative research issue in energy economics. This paper innovatively constructs a measure of public attention and examines its impact on natural gas price. A data set generated from Google Trends is used to measure public attention and then rigorous econometric models are applied to evaluate its predictive ability. The empirical study shows that (i) public attention is closely related to natural gas price, with contemporaneous positive correlation coefficient being 0.59, (ii) public attention leads natural gas price, (iii) the model including public attention data outperforms benchmark model. By using a more direct and representative way of forecasting based on the knowledge collected from the users, this paper also has important implications for applying Internet knowledge to improve the forecast accuracy of other energy price.

scholarly journals The Impact of Natural Gas Prices on Production by Industries in Slovenia

10.4335/67 ◽  
2009 ◽  
Vol 7 (1) ◽  
pp. 65-81
Author(s):  
Mejra Festić ◽  
France Križanič
Keyword(s):  
Natural Gas ◽  
Hot Water ◽  
Materials Processing ◽  
Water Supplies ◽  
Processing Industry ◽  
Pulp Paper ◽  
Plastic Materials ◽  
Natural Gas Prices ◽  
Gas Price ◽  
The Impact

Article empirically investigates how intensive is the impact of natural gas prices on production by industries in Slovenian economy. Natural gas price movements can help us in forecasting the movements in electricity, natural gas, steam, hot water supplies, the production of metals, textiles, leather, footwear, leather and fur products, clothes, the production of pulp, paper, cardboard and products from paper and cardboard, the production of products from rubber and plastic materials, processing industry and the production of furniture, the production of intermediary consumption products and recycling. We proved that natural gas prices increase for 1 % point contributes to higher prices of living necessaries for 0,005 % points. KEYWORDS: • natural gas prices • gas quantities • production by industries • Slovenia

Sign in / Sign up

Export Citation Format

Share Document