Economic impacts of increased U.S. exports of natural gas: An energy system perspective

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dc.authorid0000-0001-7277-3764
dc.contributor.authorSarıca, Kemalen_US
dc.contributor.authorTyner, Wallace E.en_US
dc.date.accessioned2016-08-02T21:01:11Z
dc.date.available2016-08-02T21:01:11Z
dc.date.issued2016-05-25
dc.departmentIşık Üniversitesi, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümüen_US
dc.departmentIşık University, Faculty of Engineering, Department of Industrial Engineeringen_US
dc.description.abstractWith the recent shale gas boom, the U.S. is expected to have very large natural gas resources. In this respect, the key question is would it be better to rely completely on free market resource allocations which would lead to large exports of natural gas or to limit natural gas exports so that more could be used in the U.S.. After accounting for the cost of liquefying the natural gas and shipping it to foreign markets, the current price difference leaves room for considerable profit to producers from exports. In addition, there is a large domestic demand for natural gas from various sectors such as electricity generation, industrial applications, and the transportation sector etc. A hybrid modeling approach has been carried out using our version of the well-known MARket ALlocation (MARKAL)-Macro model to keep bottom-up model richness with macro effects to incorporate price and gross domestic product (GDP) feedbacks. One of the conclusion of this study is that permitting higher natural gas export levels leads to a small reduction in GDP (0.04%-0.17%). Higher exports also increases U.S. greenhouse gas (GHG) emissions and electricity prices (1.1%-7.2%). We also evaluate the impacts of natural gas exports in the presence of a Clean Energy Standard (CES) for electricity. In this case, the GDP impacts are similar, but the electricity and transport sector impacts are different.en_US
dc.description.sponsorshipThis research was funded by Purdue University, especially from funds of the James and Lois Ackerman chair held by Professor Tyner.en_US
dc.description.versionPublisher's Versionen_US
dc.identifier.citationSarıca, K. & Tyner, W. E. (2016). Economic impacts of increased U.S. exports of natural gas: An energy system perspective. Energies, 9(6), 1-16. doi:10.3390/en9060401en_US
dc.identifier.doi10.3390/en9060401
dc.identifier.endpage16
dc.identifier.issn1996-1073
dc.identifier.issue6
dc.identifier.scopus2-s2.0-84973109323
dc.identifier.scopusqualityQ1
dc.identifier.startpage1
dc.identifier.urihttps://hdl.handle.net/11729/1070
dc.identifier.urihttp://dx.doi.org/10.3390/en9060401
dc.identifier.volume9
dc.identifier.wosWOS:000378854400014
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakScience Citation Index Expanded (SCI-EXPANDED)en_US
dc.indekslendigikaynakSocial Sciences Citation Index (SSCI)en_US
dc.institutionauthorSarıca, Kemalen_US
dc.institutionauthorid0000-0001-7277-3764
dc.language.isoenen_US
dc.publicationstatusPublisheden_US
dc.publisherMDPI AGen_US
dc.relation.ispartofEnergiesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectMarket Aliocation (MARKAL)-Macroen_US
dc.subjectU.S. natural gas export policyen_US
dc.subjectMacroen_US
dc.subjectTechnologyen_US
dc.subjectChinaen_US
dc.subjectShaleen_US
dc.subjectModelen_US
dc.titleEconomic impacts of increased U.S. exports of natural gas: An energy system perspectiveen_US
dc.typeArticleen_US
dspace.entity.typePublication

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