The Economics of Natural Gas: New Research Perspectives for a Rapidly-Cha...
Date et heure
Description
The natural gas market seems to be at a crossroad. The emergence of new supply sources, the comeback of coal and the deployment of intermittent power generation, the decline of domestic production in the EU and the severe fall in oil and gas prices are the new drivers of the economics of gas. Despite these changes, gas is and will remain a central pillar of the world energy mix. The first edition of this international conference, organized by the Chair on the Economics of Natural Gas, will shed lights on these new issues, by bringing together researchers in economics, finance and econometrics.
Programme
8:50-9:00 Welcoming address by F. Lévêque
9:00-9:45 Keynote Lecture
S. Gabriel (University of Maryland) “A Market Equilibrium Approach to Modeling Gas Markets Using the World Gas Model”
9:45-10:45 Session 1: Natural gas infrastructures (A)
Chair: M. Polo (Bocconi University and IEFE)
A. Creti (Université Paris-Dauphine) “ When things go wrong: do US gas regional prices move in the aftermath of pipeline accidents? ”
F. Perrotton (IFP Énergies Nouvelles and EconomiX Université Paris Nanterre) “Identifying inefficiencies in an Entry-Exit gas system ”
10:45-11:00 Coffee Break
11:00-12:30 Session 2: Natural gas infrastructures (B)
Chair : R. Ritz (Cambridge University)
L. Chavaz (University of Basel), J. Abrell (ETH Zürich) and H. Weigt (University of Basel) “Assessing the supply security – A compound indicator”
A. Baba (Université Paris-Dauphine), A. Creti (Université Paris-Dauphine) and O. Massol (IFP School and City U. of London) “Toward an ideal international gas market: the role of LNG destination flexibility clauses”
O. Massol (IFP School and City U. of London) and F. Perrotton (IFP Énergies Nouvelles, EconomiX, Université Paris Nanterre) “Unlocking natural gas pipeline deployment in a LDC: a note on rate-of-return regulation”
12:30-14:00 Lunch
14:00-15:30 Session 3: An Unconventional Supply?
Chair : J. Percebois (University of Montpellier)
C. Mason (University of Wyoming) and T. Fitzgerald (Texas Tech University) “What's in the Secret Sauce? Disclosure and Strategic Interaction in Hydraulic Fracturing”
A. Neumann (Universität Potsdam) and M. Ponce (Universität Potsdam), “How do US Natural Gas Producers React to Price Changes?”
S. Ikonnikova (Bureau of Economic Geology, The University of Texas at Austin), “The US Shale Gas Ressource: Outlook for the INdustry Reshaping Global Energy”
15:30-16:30 Session 4: Market integration
Chair : C. von Hirschhausen (DIW and TU Berlin)
M. Polo (Bocconi University and IEFE), A. Bastianin (University of Milan), M. Galeotti (University of Milan and IEFE) “Are European natural gas prices converging? Recent evidence for industrial consumers”
E. Dukhanina (Mines ParisTech), François Lévêque (Mines ParisTech), Olivier Massol (IFP School and City University of London) “Estimation of the efficiency of policy measures targeting a more integrated gas market”
16:30-17:00 Coffee Break
17:00-18:00 Session 5: New technologies
Chair : O. Massol (IFP School and City U. of London)
A. Burlinson (Warwick Business School), M. Giulietti (University of Loughborough), and G. Battisti (Warwick Business School) “Consumer adoption of energy efficient technologies: Evidence from a UK district heating scheme”
S. Heidari (University of Duisburg-Essen), C. Weber (University of Duisburg-Essen) “Modeling power-to-gas facilities in a multistage system of natural gas, electricity and emission trading markets”
18:00-18:10 Concluding remarks by F. Lévêque
