Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27256 
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dc.contributor.authorEgging, Ruuden
dc.contributor.authorGabriel, Steven A.en
dc.contributor.authorHolz, Franziskaen
dc.contributor.authorZhuang, Jifangen
dc.date.accessioned2007-11-22-
dc.date.accessioned2009-08-06T13:19:16Z-
dc.date.available2009-08-06T13:19:16Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/27256-
dc.description.abstractIn this paper, we present a detailed and comprehensive complementarity model for computing market equilibrium values in the European natural gas system. Market players include producers and their marketing arms which we call transmitters, pipeline and storage operators, marketers, LNG liquefiers, regasifiers, tankers, and three end-use consumption sectors. The economic behavior of producers, transmitters, pipeline and storage operators, liquefiers and regasifiers is modeled via optimization problems whose Karush-Kuhn-Tucker (KKT) optimality conditions in combination with market-clearing conditions form the complementarity system. The LNG tankers, marketers and consumption sectors are modeled implicitly via appropriate cost functions, aggregate demand curves, and ex-post calculations, respectively. The model is run on several case studies that highlight its capabilities, including a simulation of a disruption of Russian supplies via Ukraine.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x732en
dc.subject.jelC61en
dc.subject.jelL95en
dc.subject.ddc330en
dc.subject.keywordEuropean Natural Gas Marketen
dc.subject.keywordGlobal LNG marketen
dc.subject.keywordMixed Complementarity Problemen
dc.subject.stwErdgasmarkten
dc.subject.stwWirtschaftsmodellen
dc.subject.stwKomplementärguten
dc.subject.stwTheorieen
dc.subject.stwEuropaen
dc.titleA complementarity model for the European natural gas market-
dc.type|aWorking Paperen
dc.identifier.ppn550065202en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp732en

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