Browsing by Subject "Natural gas consumption"
Now showing items 1-2 of 2
-
Forecasting Models For Daily Natural Gas Consumption Considering Periodic Variations And Demand Segregation
Authors:
Publisher and Date:(Elsevier Ltd, 2020)Due to expensive infrastructure and the difficulties in storage, supply conditions of natural gas are different from those of other traditional energy sources like petroleum or coal. To overcome these challenges, supplier countries require take-or-pay agreements for requested natural gas quantities. These contracts have many pre-clauses; even if they are not met due to low/high consumption or other external factors, buyers must completely fulfill them. A similar contract is then imposed on ...
-
Managing natural gas demand for free consumers under uncertainty and limited storage capacity
Authors:
Publisher and Date:(Elsevier, 2020)Demand for energy sources depends on several factors such as population growth, urbanization, industrialization, and climate. Among fundamental energy sources, natural gas is characterized by storage limitations and take-or-pay contracts, which makes it especially critical to forecast the demand accurately for cost management policies. Suppliers of natural gas require take-or-pay contracts to ensure that consumers pay for any unused amount up front; and if the demand exceeds the agreed amount, ...
