A Global Energy Market model (GEM) is used to analyze the market shares (i.e. the primary energy mix) of gases, liquids and solids in the Asia Pacific. The model is successful in matching the historical energy mix from 1850 to 2009. The model also provides a good match of the hydrogen to carbon...

This paper estimates supply cost curves for conventional oil and gas in Europe. Oil and gas volumes are distributed across five categories that are based on production costs. The resulting supply figures are intended to be long term representations of how quantities vary with production costs....

Among natural gas producing nations, there has been some concern about how the Asia Pacific will meet future demand for energy. We argue that natural gas, both regional and global, will play a vital role. Estimates of potential gas consumption in the region are analyzed and used to develop...

Concerns about the costs of developing oil and gas from conventional and unconventional formations have led many commentators to assume that increasing prices are in the offing and may be a limiting factor for economic growth. Historically, production costs have fluctuated as influenced by the...

The debate over the availability of conventional natural gas has been nearly as strong as that for conventional oil. In Europe, the debate is strengthened due to the region’s dependence on natural gas from outside countries. In addition, concern has been expressed by some energy experts in...

As the Asia Pacific region continues to experience rapid economic growth, natural gas may have an important role in satisfying regional demand and transitioning to a low carbon economy. In this study, a Global Energy Market Model (GEM) is used to analyze the market shares of gases, liquids and...

Increasing energy consumption in Asia Pacific will largely be met by fossil fuels. Natural gas production in the region presently ranks behind that of oil and coal. However, the abundance of gas could lead to a significant gas market share increase in the energy mix. The purpose of this paper is...