Application of Fiscal Incentives for Development of East Natuna Gas Field for Long-Term National Natural Gas Demand

UK natural gas demand is 2-4 times that of electricity and characterised by seasonal differences in demand of almost triple in the winter with larger spikes during extreme cold weather events. This makes any decarbonisation effort reliant on its ability to handle these large changes in demand. Conversion of the gas supply to hydrogen is the most promising solution. To facilitate this, large-scale underground storage will be required in the order of 150 TWh or 40 days&#8217; worth of supply.Subsurface gas storage in porous rocks requires a proportion of the gas to remain in the reservoir to maintain the pressure required for the minimum economic flow rate from the wells. This is called the cushion gas requirement. In the case of a hydrogen storage reservoir the use of a cheaper cushion gas, such as CO2 or N2, is the subject of much research.We investigate the possibility of using natural gas within a partially depleted gas reservoir as cushion gas. We will present the results of a compositional simulation of seasonal hydrogen storage over a 20 year period in a closed reservoir. The study shows that natural gas has potential as a cushion gas, in this case achieving greater than 95% hydrogen recovery factors with minimal amounts of mixing in the reservoir. Use of natural gas as cushion gas also reduces the risk of water coning which can lead to loss of hydrogen.Although these results are promising, the study highlights several key areas that need further investigation to improve the reliability of future simulations. These include defining relative permeability curves for hydrogen, refinement of how simulators handle viscosity equations, and a greater understanding of hydrogen well engineering. All of these factors will influence estimates of the hydrogen capacity of a porous rock reservoir.

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Prospects of Liquefied Gases in Bangladesh Economy as a move towards Fuel Diversification

10.31124/advance.7227653.v1 ◽

2018 ◽

Author(s):

Muntasir Murshed ◽

Sakib Bin Amin

Keyword(s):

Natural Gas ◽

South Asian ◽

Fossil Fuel ◽

Energy Resource ◽

Gas Field ◽

Asian Economy ◽

Over Exploitation ◽

Natural Gas Demand ◽

Holding Back ◽

Development Prospects

Traditional dependence on fossil fuel has led to the Economy of Bangladesh being confined to energy shortages, marginalizing the development prospects of this energy South Asian economy. The country has also relied heavily on its indigenous supply of natural gas particularly for electricity generation purposes. However, following in appropriate subsidized pricing of natural gas in the country has led to over exploitation of this resource and together with technical inefficiencies holding back new natural gas field discovery has pushed the nation towards running out of this energy resource by 2031. Thus, the aim of this paper is to discuss the prospects of liquefied gaseous use in Bangladesh, especially in the form of LNG and LPG, as a strategy to embrace fuel diversification within the Bangladesh economy in order to relieve the existing pressure on natural gas demand.

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Sparse regression modeling for short- and long‐term natural gas demand prediction

Annals of Operations Research ◽

10.1007/s10479-021-04089-x ◽

2021 ◽

Author(s):

Ayşe Özmen

Keyword(s):

Natural Gas ◽

Regression Modeling ◽

Sparse Regression ◽

Demand Prediction ◽

Short And Long Term ◽

Natural Gas Demand

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The role of LNG supplies in balancing natural gas demand in EU countries

E3S Web of Conferences ◽

10.1051/e3sconf/201910802014 ◽

2019 ◽

Vol 108 ◽

pp. 02014

Author(s):

Rafał Biały ◽

Piotr Janusz ◽

Mariusz Łaciak ◽

Tadeusz Olkuski ◽

Mariusz Ruszel ◽

...

Keyword(s):

Energy Consumption ◽

Energy Balance ◽

Natural Gas ◽

Primary Energy ◽

Eu Countries ◽

Natural Gas Demand ◽

Gas Supply ◽

The Eu

Over the last decade, developments could be observed in the structure of primary energy consumption in EU countries. In order to achieve the goals, energy carriers with minimum impact on the natural environment are used, and natural gas is considered to be such a fuel. The share of natural gas in the EU’s energy balance in the analysed period, from 2000 to 2016, remained at a relatively stable level. However, in the case of individual countries, its share in the energy balance depends on specific characteristics of a country. Regardless of the share of natural gas in the energy consumption structure of individual countries, they strive to diversify the supply of natural gas. One of the main constituents of natural gas supply diversification is the construction of LNG import terminals. Access to this infrastructure enhances energy security and offers better opportunities when negotiating long-term contracts for the supply of natural gas. The EU possesses significant possibilities of importing natural gas through LNG terminals, but until now they have been used to a limited extent, it may indicate that in addition todiversification tasks, terminals are a guarantee in the event ofinterruptions in gas supplies using gas pipelines.

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Estimation of Iranian Natural Gas Demand Function Using ARDL Estimation Method

International Journal of Social Science and Human Research ◽

10.47191/ijsshr/v4-i6-01 ◽

2021 ◽

Vol 04 (06) ◽

Author(s):

Afsane Rafiee ◽

Keyword(s):

Natural Gas ◽

Estimation Method ◽

Electricity Price ◽

Price Ratio ◽

Short Term ◽

Fuel Price ◽

Accurate Identification ◽

Short And Long Term ◽

Natural Gas Demand

Based on its advantages and providing a big part of total energy in the country, natural gas lies in a prominent place among other energy sources. Making cognition and accurate identification of practical elements on the volume of periodic (short and long) demands on natural gas can help us outline suitable plans and policies related to energy. By this view, practical items on natural gas demands had been evaluated. The ARDL pattern with distributed interruptions and ECM model was employed to investigate the function of demands on natural gas during the years from 1976 to 2013. The result proved all coefficients of variables in short and long periods. The natural gas price ratio confirms a contrary relation between natural gas demand and its price in the short term. This ratio in the long-term shows a direct connection between them. Related results to the electricity price ratio show that the electricity price variable has the most positive effect on natural gas demands . Related results show that natural gas's long-term price and income strain are more than short-term ones. Also, results show that natural gas in short periods is a non-strained and necessary commodity. Being non-strained in the short-term results in a lack of efficiency of price policies. So, releasing the price of natural gas can prevent unnecessary consumption of this valuable fuel. Price strain of natural gas in long spans proves that natural gas is a complete strain commodity. This fact is based on why there is some replacement for natural gas, such as electricity and gasoline, for long periods. The minus behind income strain shows that natural gas in the long-term is as low stuff. Intersecting the price of electricity in short and long-term investigations is positive and shows a substitutional relation between electricity and natural gas. The negative intersecting strain of price of kerosene shows that natural gas and kerosene in both the short and long-term are complementary. Also, the gasoline price ratio confirms the complementary relationship in the short-term and substitutional relation in the long-term between natural gas and gasoline.

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Prospects of Liquefied Gases in Bangladesh Economy as a move towards Fuel Diversification

10.31124/advance.7227653 ◽

2018 ◽

Author(s):

Muntasir Murshed ◽

Sakib Bin Amin

Keyword(s):

Natural Gas ◽

South Asian ◽

Fossil Fuel ◽

Energy Resource ◽

Gas Field ◽

Asian Economy ◽

Over Exploitation ◽

Natural Gas Demand ◽

Holding Back ◽

Development Prospects

Traditional dependence on fossil fuel has led to the Economy of Bangladesh being confined to energy shortages, marginalizing the development prospects of this energy South Asian economy. The country has also relied heavily on its indigenous supply of natural gas particularly for electricity generation purposes. However, following in appropriate subsidized pricing of natural gas in the country has led to over exploitation of this resource and together with technical inefficiencies holding back new natural gas field discovery has pushed the nation towards running out of this energy resource by 2031. Thus, the aim of this paper is to discuss the prospects of liquefied gaseous use in Bangladesh, especially in the form of LNG and LPG, as a strategy to embrace fuel diversification within the Bangladesh economy in order to relieve the existing pressure on natural gas demand.

Download Full-text