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Energies 2017, 10(2), 154; doi:10.3390/en10020154

A System Dynamics Analysis of Investment, Technology and Policy that Affect Natural Gas Exploration and Exploitation in China

1,2,* , 1,2,* , 1,2
and
1,2
1
School of Economics and Management, China University of Geosciences, Wuhan 430074, China
2
Resources and Environment Economic Research Center, China University of Geosciences, Wuhan 430074, China
*
Authors to whom correspondence should be addressed.
Academic Editor: Robert Lundmark
Received: 24 September 2016 / Revised: 22 December 2016 / Accepted: 3 January 2017 / Published: 25 January 2017
(This article belongs to the Special Issue Applied Energy System Modeling 2016)
View Full-Text   |   Download PDF [2215 KB, uploaded 25 January 2017]   |  

Abstract

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. View Full-Text
Keywords: natural gas industry; system dynamics modeling; exploitation and exploration; China natural gas industry; system dynamics modeling; exploitation and exploration; China
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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. Energies 2017, 10, 154.

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