BibTex format

author = {Crow, DJG and Giarola, S and Hawkes, AD},
doi = {10.1016/j.apenergy.2018.02.182},
journal = {Applied Energy},
pages = {452--469},
title = {A dynamic model of global natural gas supply},
url = {},
volume = {218},
year = {2018}

RIS format (EndNote, RefMan)

AB - This paper presents the Dynamic Upstream Gas Model (DYNAAMO); a new, global, bottom-up model of natural gas supply. In contrast to most “static” supply-side models, which bracket resources by average cost, DYNAAMO creates a range of dynamic outputs by simulating investment and operating decisions in the upstream gas industry triggered in response to investors’ expectations of future gas prices. Industrial data from thousands of gas fields is analysed and used to build production and expenditure profiles which drive the economics of supply at field level. Using these profiles, a novel methodology for estimating supply curves is developed which incorporates the size, age and operating environment of gas fields, and treats explicitly the fiscal, abandonment, exploration and emissions costs of production. The model is validated using the US shale gas boom in the 2000s as a historic case study. It is found that the modelled market share of supply by field environment replicates the observed trend during the period 2000–2010, and that the model price response during the same period – due to lower capacity margins and the financing of new projects – is consistent with market behaviour.
AU - Crow,DJG
AU - Giarola,S
AU - Hawkes,AD
DO - 10.1016/j.apenergy.2018.02.182
EP - 469
PY - 2018///
SN - 0306-2619
SP - 452
TI - A dynamic model of global natural gas supply
T2 - Applied Energy
UR -
UR -
VL - 218
ER -