Crude oil and natural gas are crucial to the Russian economy. Therefore, this study examined the interconnections between crude oil price, natural gas price, and Russian economic policy uncertainty (EPU) over the period 1994–2019 using multivar...
Industrial parks have various sources and conversion forms of energy. The many uncertainties in the planning of industrial park integrated energy systems (IPIES) pose a great risk of regret in planning schemes; thus, an expansion planning method for...
This study examines the dynamic interaction between oil, natural gas, and prices with Indian economic policy uncertainty (EPU). The study finds that gold prices and industrial production are fundamental drivers of Indian economic policy uncertainty i...
Natural gas is one of the most important sources of energy in modern society. However, its strong volatility highlights the importance of accurately forecasting natural gas price trends and movements. The nonlinear nature of the natural gas price ser...
Similar to many energy projects, the evaluation of investments in natural gas projects is influenced by technical and economic uncertainties. These uncertainties include natural resource characteristics, production, decline laws, prices, taxes, bench...
As a retailer between the energy suppliers and end users, the integrated energy service provider (IESP) can effectively coordinate the energy supply end and the energy use end by setting energy prices and energy management. Because most of the curren...
To realize the best performances of the distributed energy system (DES), many uncertainties including demands, solar radiation, natural gas, and electricity prices must be addressed properly in the planning process. This study aims to study the optim...
Energy price fluctuations pose a significant risk and uncertainty to financial investments for new developments in conventional power and freshwater cogeneration facilities. This study attempts to address the problem of making robust valuation for lo...
The increasing demand of energy has turned the shale gas and shale oil into one of the most promising sources of energy in the United States. In this article, a model is proposed to address the long-term planning problem of the shale gas supply chain...
This study discovered market determinants of credit default swap (CDS) spreads in the North American oil and gas industry. Due to the limited theoretical background on market sources of CDS price fluctuations, we chose to alleviate model uncertainty...
To promote the collaborative development of the bio-natural gas (BNG) industry and the integrated energy system (IES), this paper proposes a new commerce operation model considering the gas price adjustment mechanism for the IES with the utilization...
With the increasing coupling of the power system and the natural gas system, the electric–gas interconnection system has become a typical form of comprehensive energy utilization. Through the energy conversion function of the coupling unit, the...
China’s carbon neutrality strategy has expedited a transition towards greener and lower-carbon integrated energy systems. Faced with the problem that the central position of thermal power cannot be transformed quickly, utilizing traditional the...
Capacity expansion models for electricity grids typically use deterministic optimization, addressing uncertainty through ex-post analysis by varying input parameters. This paper presents a stochastic capacity expansion model that integrates uncertain...
Growing concern on global warming directly related to CO2 emissions is steering the implementation of carbon capture and storage (CCS). With Malaysia having an estimated 37 Tscfd (Trillion standard cubic feet) of natural gas remains undeveloped in CO...
We formulated a problem faced by a power producer who owns a combined-cycle gas turbine (CCGT) and desires to maximize its expected profit in a medium-term planning horizon. We assumed that this producer can participate in the spot and over-the-count...
Gas-fired power units (GFUs) are the best technology in recent years due to lower natural gas prices, higher energy transformation performance, and lower CO2 emission, as compared to the conventional power units (CPUs). A permanent storage facility c...
The use of liquefied natural gas (LNG) in the transportation sector is increasing, and boil-off gas (BOG) management systems are considered viable options to increase economic efficiency and reduce greenhouse gas emissions at LNG refueling stations....
Many aspects of the present and future effects on the UK economy, industry, and households, of Brexit have been researched. One thing which appears certain about Brexit is the shadow of uncertainty it casts on the future of business in the UK and its...
About 50% of Italian households’ overall energy consumption is satisfied by natural gas, mainly for space heating, leading to substantial CO2 emissions. In Italy’s mild climate, fourth-generation district heating (4GDH) networks coupled w...
In this study, we conducted an in-depth analysis of the dynamic cointegration relationship between international crude oil, natural gas, and coal price indices from 2009 to 2023, revealing the changes and differences in the cointegration relationship...
Wind and solar energies present a time and space disparity that generally leads to a mismatch between the demand and the supply. To harvest their maximum potentials, one of the main challenges is the storage and transport of these energies. This chal...
Ammonia can be considered a relevant compound in the future energy sector, playing a significant role as an energy carrier, storage, or carbon-free fuel. However, the production of this molecule has a high energy demand, and the use of natural gas, w...
Energy hub (EH) is a concept that is commonly used to describe multi-carrier energy systems. New advances in the area of energy conversion and storage have resulted in the development of EHs. The efficiency and capability of power systems can be impr...
Burning forest biomass from renewable sources has been suggested as a viable strategy to help offset greenhouse gas (GHG) emissions in the energy generation sector. Energy facilities can, in principle, be retrofitted to produce a portion of their ene...
With the significant decrease in natural gas prices in many parts of the world, the employment of gas turbine (GT) units has increased steadily in recent years. The ever-increasing deployment of GT units is strengthening the interconnections between...
The policy decision of extending electric power transmission lines to connect a remote area to a primary grid vs. developing local electricity generation resources must be informed by studies considering both alternatives’ economic and environm...
Coordinated multi-carrier energy systems with natural gas and electricity energies provide specific opportunities to improve energy efficiency and flexibility of the energy supply. The interdependency of electricity and natural gas networks faces mul...
The integrated power and natural gas energy system (IPGES) is of great significance to promote the coordination and complementarity of multi-energy flow, and it is an important carrier to increase the proportion of wind power accommodation and achiev...
Effective decarbonization of the power generation sector requires a multi-pronged approach, including the implementation of CO2 capture and storage (CCS) technologies. The Graz cycle features oxy-combustion CO2 capture in a power production scheme wh...
The steelmaking processes are considered extremely energy-intensive and carbon-dependent processes. In 2018, it was estimated that the emissions from global steel production represented 7–9% of direct emissions generated by fossil fuels. It was estim...
Scientific, accurate, and interpretable carbon price forecasts provide critical support for addressing climate change, achieving low-carbon goals, and informing policy-making and corporate decision-making in energy and environmental markets. However,...
To achieve the climate goals of the Paris Agreement, greenhouse gas emissions from the electricity sector must be substantially reduced. We develop an agent-based model of the electricity system with heterogeneous agents who invest in power generatin...
This article proposes an analytical model for a conversion from Heavy Fuel Oil (HFO) to Liquide Natural Gas(LNG) dual-fuel engine in a fleet with three sizes of vessels in order to investigate the impact of the volatility of oil prices, and a declini...
Over 5.5 million tons of plastic waste are generated globally from the research sectors. A university laboratory, e.g., pathology, can generate 250 tons of clinical plastic waste annually. The UK National Health Service (NHS) generates 133 kilotons (...
Dealing with multi-objective problems has several interesting benefits, one of which is that it supplies the decision-maker with complete information regarding the Pareto front, as well as a clear overview of the various trade-offs that are involved...
In recent years, the microgrid system (MGS) has become an important method for the consumption of renewable energy sources (RES). In the actual operation process, the uncertainties of RES add to the complexity of the MGS operation. Furthermore, the M...
The limitedness of the nonrenewable local energy resources in Israel, even in the background of the later gas fields’ findings, continues to force the state to devote various efforts towards ‘green’ energy development. These efforts include installat...
In this article, the planning and energy administration of energy hubs in electric, thermal and gas networks are presented, considering the resilience of the system against natural phenomena like floods and earthquakes. Each hub consists of bio-waste...
The multiple uncertainties in a microgrid, such as limited photovoltaic generations, ups and downs in the market price, and controlling different loads, are challenging points in managing campus energy with multiple microgrid systems and are a hot to...
Accurate natural gas price forecasting is vital for risk management, trading strategies, and policy-making in energy markets. This study proposes and evaluates four hybrid deep learning architectures—CNN-LSTM-Attention, CNN-BiLSTM-Attention, TC...
The random nature of wind energy is an important reason for the low energy utilization rate of wind farms. The use of a compressed air energy storage system (CAES) can help reduce the random characteristics of wind power generation while also increas...
With the global shift to sustainability, the energy sector faces pressure to adopt low-carbon solutions. Blue ammonia (BA), derived from natural gas (NG) with carbon capture, presents significant opportunities but requires a holistic sustainability a...