Social and economic studies 067
A review of various approaches
Modeling demand for natural gas
This study surveys different models and approaches for modeling the demand for natural gas.
Consumption of natural gas in Western Europe has increased considerably during the last 25 years. The first period of rapid expansion was initiated by the discovery of the Groningen field in the Netherlands in the early 1960's. Average yearly growth in consumption of natural gas in Western Europe over the period 1960 to 1979 was 16,5 per cent. The price hike on crude oil in 1979-80 and the following turmoil in all energy markets initiated a more stagnant phase in the development of the natural gas market; total consumption slightly declined over the next four years, but the share of gas in total energy use remained roughly stable. In 1984, the market started to grow again. This year, many observers believe, represents a turning point and the start of a period of mature but stable growth in the demand for natural gas.
About the publication
- Title
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Modeling demand for natural gas. A review of various approaches
- Authors
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Øystein Olsen, Kjell Roland
- Series and number
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Social and economic studies 067
- Publisher
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Statistisk sentralbyrå
- Cover design
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Per Anders Rosenkvist/Sam foto
- Topic
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Oil and gas
- ISBN (printed)
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82-537-2665-1
- ISSN
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1890-3479
- Language
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English
- About Social and economic studies
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The series Social and Economic Studies consists of hitherto unpublished studies in economics, demography and other areas of research in Statistics Norway.
Contact
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Statistics Norway's Information Centre