Print Email Facebook Twitter Dealing with Investment Uncertainties in the European Natural Gas Market: A Stochastic Equilibrium Model for the European Natural Gas Market Title Dealing with Investment Uncertainties in the European Natural Gas Market: A Stochastic Equilibrium Model for the European Natural Gas Market Author Bornaee, A.A. Contributor Herder, P. (mentor) de Vries, L.J. (mentor) Cunningham, S. (mentor) De Joode, J. (mentor) Ozdemir, O. (mentor) Faculty Technology, Policy and Management Department Infrastructure Systems & Services Programme Engineering and Policy Analysis Date 2012-07-31 Abstract New developments in the gas market urge public and private concerns to gain deeper insight into how this market is functioning. The Energy Research Center of the Netherlands (ECN), as a leading research institute, has developed a deterministic model representing the European gas market called GASTALE. Based on this model, this research has been conducted to develop a stochastic equilibrium model in order to reflect more comprehensively how actors make decisions in uncertain situations of such market. The new model called S-GASTALE has been then applied to a stochastic case with two scenarios about gas demand developments Europe. The policy implications and evaluations of model outcomes has been discussed in order to investigate investment needed in different corridors importing the gas to or distributing it within the European regions. Subject energy economicsnatural gasinvestmentuncertaintycomplementarity modellingoptimisationEuropean Uniongamingstochasticequilibrium model To reference this document use: http://resolver.tudelft.nl/uuid:f4759c49-8a91-4b1c-94b4-d76616a55f99 Embargo date 2012-07-31 Part of collection Student theses Document type master thesis Rights (c) 2012 Bornaee, A.A. Files PDF MasterThesis_Bornaee_4119274.pdf 1.65 MB Close viewer /islandora/object/uuid:f4759c49-8a91-4b1c-94b4-d76616a55f99/datastream/OBJ/view