LAPSE:2019.1370
Published Article
LAPSE:2019.1370
A System Dynamics Analysis of Investment, Technology and Policy that Affect Natural Gas Exploration and Exploitation in China
December 10, 2019
Natural gas has an increasing role in Chinese energy transformation. We present a system dynamics model of the natural gas industry in China. A new system dynamics model for natural gas companies based on reserve exploration and well construction as well as investment dynamics is proposed. The contribution of the paper is to analyze the influence of technology, investment and policy factors on the natural gas industry. We found that the dynamics of the main variables, including gas policy, cost of investment, accounting depreciation and exploitation technology, are sensitive to the sustainable development of resources. The simulations and results presented here will be helpful for government to reform policies, and for upstream companies to make decisions.
Record ID
Keywords
China, exploitation and exploration, natural gas industry, system dynamics modeling
Subject
Suggested Citation
Xiao J, Cheng J, Shen J, Wang X. A System Dynamics Analysis of Investment, Technology and Policy that Affect Natural Gas Exploration and Exploitation in China. (2019). LAPSE:2019.1370
Author Affiliations
Xiao J: School of Economics and Management, China University of Geosciences, Wuhan 430074, China; Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
Cheng J: School of Economics and Management, China University of Geosciences, Wuhan 430074, China; Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
Shen J: School of Economics and Management, China University of Geosciences, Wuhan 430074, China; Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
Wang X: School of Economics and Management, China University of Geosciences, Wuhan 430074, China; Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
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Cheng J: School of Economics and Management, China University of Geosciences, Wuhan 430074, China; Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
Shen J: School of Economics and Management, China University of Geosciences, Wuhan 430074, China; Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
Wang X: School of Economics and Management, China University of Geosciences, Wuhan 430074, China; Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
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Journal Name
Energies
Volume
10
Issue
2
Article Number
E154
Year
2017
Publication Date
2017-01-25
Published Version
ISSN
1996-1073
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Original Submission
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PII: en10020154, Publication Type: Journal Article
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Published Article
LAPSE:2019.1370
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External Link
doi:10.3390/en10020154
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[v1] (Original Submission)
Dec 10, 2019
Verified by curator on
Dec 10, 2019
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v1
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https://psecommunity.org/LAPSE:2019.1370
Original Submitter
Calvin Tsay
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