Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


Publications




Image of Cover

Baker Institute World Gas Trade Model, The

Working Paper

Authors
Peter Hartley
Kenneth B. Medlock III

Issued
March 2005


This working paper describes a spatial and intertemporal equilibrium model of the world market for natural gas. Specifically, the model calculates a pattern of production, transportation routes and prices to equate demands and supplies while maximizing the present value of producer rents within a competitive framework. Data incorporated into the specifications of supplies and demands in each location are taken from a variety of sources including the United States Geological Survey, the Energy Information Administration, the International Energy Agency, the World Bank and various industry sources. A subsequent working paper uses the model to investigate the possible effects of a number of scenarios including possible political developments.

This paper is part of the joint PESD - James A. Baker III Institute for Public Policy study on the Geopolitics of Natural Gas.