Optimization models for the natural gas value chain

Geometric Modelling, Numerical Simulation, and Optimization: Applied Mathematics at SINTEF

Volumn , Issue , 2007, Pages 521-558

  Hasle, Geir ^a   Tomasgard, Asgeir ^b   Romo, Frode ^c   Fodstad, Marte ^c   Midthun, Kjetil ^b  

^a SINTEF ICT   (Norway)

^b NORWEGIAN UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Norway)

^c SINTEF TECHNOLOGY AND SOCIETY   (Norway)

Author keywords

Gas transport; Gas value chain; Natural gas markets; Portfolio optimization; Stochastic programming

Indexed keywords

EID: 84889964699     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1007/978-3-540-68783-2_16     Document Type: Chapter

References (24)

1. Energy Information Administration. The basics of underground natural gas storage, 2002. http://www.eia.doe.gov/pub/oil-gas/natural-gas/analysis
2. J.M. Campbell. The Equipment Modules. Gas Conditioning and Processing. Norman, Okla., 7 edition, 1992.
3. H.J. Dahl, F. Rømo, and A. Tomasgard. An optimisation model for rationing-efficient allocation of capacity in a natural gas transportation network. In Conference Proceedings: IAEE Praha, 2003.
4. D. De Wolf and Y. Smeers. The gas transmission problem solved by an extension of the simplex algorithm. Manag. Sci., 46(11):1454-1465, 2000
5. Directorate-General for Energy European Commission and Transport. Opening up to choice: Launching the single european gas market. Office for Official Publications of the European Communities, July 2002
6. Directive 98/30/EC of the european parliament and of the council, 22 June 1998.
7. Directive 2003/55/EC of the european parliament and of the council, 26 June 2003.
8. K. Hofsten. Model-Based Dynamic Control and Optimization of Gas Networks. PhD thesis, NTNU, Trondheim, 2000.
9. J. Hull. Options, Futures and Other Derivatives. Prentice Hall International, Upper Saddle River, N.J, fifth edition, 2003.
10. P. Kall and S. W. Wallace. Stochastic Programming. John Wiley & Sons, Chichester, 1994.
11. M. Manoliu. Storage options valuation using multilevel trees and calendar spreads. Int. J. Theor. Appl. Finance, 7(4):425-464, 2004.
12. B. Nygreen, M. Christiansen, T. Bjørkvoll, K. Haugen, and Ø. Kristiansen. Modelling Norwegian petroleum production and transportation. Ann. Oper. Res., 82:251-267, 1998.
13. M. Nowak and M. Westphalen. A linear model for transient gas flow. In Proceedings of ECOS, pages 1751-1758, 2003. available as SINTEF-report STF 38S03601.
14. M. Pereira, N. Campodonico, and R. Kelman. Application of stochastic dual DP and extensions to hydrothermal scheduling. Technical report, PSRI, 012/99.
15. M.V.F Pereira and L.M.V.G. Pinto. Multi-stage stochastic optimization applied to energy planning. Math. Program., 52:359-375, 1991.
16. R. L. Rardin. Optimization in Operations Research. Prentice Hall, Upper Saddle River, New Jersey, 1998.
17. F. Rømo, A. Tomasgard, M. Fodstad, and K. Midthun. Stochastic optimization of the natural gas value chain in a liberalized market. Technical report, SINTEF, Trondheim, Norway, 2004.
18. F. Rømo, A. Tomasgard, M.P. Nowak, M. Fodstad and L. Hellemo. An optimization system for gas transportation on the Norwegian continental shelf. Technical report, SINTEF, Trondheim, Norway, 2006.
19. T. Scott, H. Brown, and N. Perry. Storing true value? Energy and Power Risk Management, March 2000.
20. E.S. Schwarz. The stochastic behavior of commodity prices: Implications for valuation and hedging. J. Finance, 52(3):923-973, 1997.
21. N.L. Ulstein, B. Nygreen, and J.R. Sagli. Tactical planning of offshore petroleum production. Working paper, NTNU, Trondheim, 2004.
22. T. Van der Hoeven. Math in Gas and the Art of Linearization. PhD thesis, International business school and research center for natural gas, Groningen, The Netherlands, 2004.
23. M. Westphalen. Anwendungen der Stochastischen Optimierung im Stromhandel und Gastransport. PhD thesis, University Duisburg-Essen (Germany), 2004.
24. H. P. Williams. Model Building in Mathematical Programming. John Wiley & Sons, Chichester, 4th edition, 1999.