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...

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....

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...

This paper estimates a cumulative supply curve for conventional oil in the Central and South American (CSA) region. The curve includes volumes from provinces not previously assessed by other organizations, as well as reserve growth. Volumes for the previously unassessed provinces are estimated...

Some energy experts are concerned that the world will soon face a global crisis to dwindling oil resources and a peak in production. This paper analyses the concern by estimating a cumulative supply curve for conventional oil in the Middle East and North Africa (MENA) region. It does so by...

Supply costs curves for the Former Soviet Union (FSU) are constructed for conventional petroleum, which is defined as conventional oil, natural gas and natural gas liquids (NGL). The supply figures show how petroleum quantities vary with production costs over time. Five resource quality...

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...