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Practical Application of a Worldwide Gas Market Model at Stadtwerke München

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Operations Research Proceedings 2015

Part of the book series: Operations Research Proceedings ((ORP))

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Abstract

In this paper the worldwide gas market model WEGA and the base case scenario of Stadtwerke München (SWM) are described. The potential of WEGA in practical application is shown through three sensitivity analyses. Firstly, it is demonstrated that shale gas in Europe has only a small impact on European gas prices in future. Nevertheless, shale gas is very important for security of supply in Europe. The second sensitivity analysis is calculated with modified U.S. liquefied natural gas (LNG) export volumes. A surge of LNG would significantly decrease the gas price in Europe. On the other hand, Europe will be oversupplied till the end of the twenties and consequently, the prices will be relatively immune to few U.S. LNG export volumes in this period. At the third sensitivity analysis, gas demand is modified. The results reveal that the gas prices are very sensitive to changes of demand.

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Authors and Affiliations

  1. Stadtwerke München GmbH, 80287, Munich, Germany

    Maik Günther

Authors
  1. Maik Günther
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Correspondence to Maik Günther .

Editor information

Editors and Affiliations

  1. Department of Business Administration, University of Vienna, Vienna, Austria

    Karl Franz Dörner

  2. Decision Sciences and Statistics (IDS) Department, ESSEC Business School of Paris, Cergy Pontoise Cedex, France

    Ivana Ljubic

  3. Department of Statistics and Operations Research, University of Vienna, Vienna, Austria

    Georg Pflug

  4. Operations Research and Control Systems, TU Wien, Vienna, Austria

    Gernot Tragler

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Günther, M. (2017). Practical Application of a Worldwide Gas Market Model at Stadtwerke München. In: Dörner, K., Ljubic, I., Pflug, G., Tragler, G. (eds) Operations Research Proceedings 2015. Operations Research Proceedings. Springer, Cham. https://doi.org/10.1007/978-3-319-42902-1_96

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