Growing Science » Uncertain Supply Chain Management » Can the Arab’s natural gas secure the Europeans’ gas requirements? the case of liquified natural gas (LNG)

Journals


USCM Volumes


Uncertain Supply Chain Management

ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print)
Quarterly Publication
Volume 11 Issue 4 pp. 1677-1684 , 2023

Can the Arab’s natural gas secure the Europeans’ gas requirements? the case of liquified natural gas (LNG) Pages 1677-1684 Right click to download the paper Download PDF

Authors: Abdulkarim Ali Dahan, Rasha A. Altheeb

DOI: 10.5267/j.uscm.2023.7.001

Keywords: Natural Gas, Economic Analysis, Transportation, Optimization

Abstract: This article examines the possibility of answering the question” can the Arab’s natural gas secure the gas requirements in Europe? “To answer the question, an economic analysis of natural gas was conducted to examine reserve, supply, demand, and international trade first. Second, an economic model to examine distances and transportation costs, for transferring goods from various points of supply to various points of demand, was adopted. The North-West Corner model approach, a QM for Windows-based economic strategy to solve the transportation model problem structure in linear programming, has been used in this regard. Our findings demonstrate that the model is suitable for application since it provides the least distances and the least transportation costs compared to other alternatives. The model estimated that a cost of $309.41 is required to transfer one MMBtu of LNG from origins to final destinations. A decrease of $34.304/MMBtu, 10%, compared to $343.714 /MMBtu. It is concluded that the Arab’s gas could fulfil gas requirements in Europe, and mutual benefit can be accomplished for both parties. European countries will benefit from acquiring new places with less distances and lower delivery costs, and Arab countries would have the chance to get new consumers and play a role in the market given their collective gas reserves and their advantageous strategic locations.

How to cite this paper
Dahan, A & Altheeb, R. (2023). Can the Arab’s natural gas secure the Europeans’ gas requirements? the case of liquified natural gas (LNG).Uncertain Supply Chain Management, 11(4), 1677-1684.

Refrences
Aliu, T. O., Aderinto, Y. O., & Issa, K. (2022). Corner Rules Method of Solving Transportation Problem. Earthline Journal of Mathematical Sciences, 10(2), 305-316.
Babu, M. A., Helal, M. A., Hasan, M. S., & Das, U. K. (2013). Lowest allocation method (LAM): a new approach to obtain feasible solution of transportation model. International Journal of Scientific and Engineering Research, 4(11), 1344-1348.
Di Bella, G., Flanagan, M. J., Foda, K., Maslova, S., Pienkowski, A., Stuermer, M., & Toscani, F. G. (2022). Natural gas in Europe: the potential impact of disruptions to supply. IMF Working Papers, 2022(145).
Chen, Y., Jiang, J., Wang, L., & Wang, R. (2023). Impact assessment of energy sanctions in geo-conflict: Russian–Ukrainian war. Energy Reports, 9, 3082-3095.
Dahan, A. A. (2011). Natural Gas of Yemen the Challenge of Growth in the World’s Gas Markets. World Journal of Social Sciences, 1(2), 146-157.
Dantzig, G. B. (1951). Application of the simplex method to a transportation problem. Activity analysis and production and allocation.
Danylets, V. (2022). The Evolution Of Energy Weapons: From The Middle-East Crises To The Russian-Ukrainian War. European Socio-Legal and Humanitarian Studies, 1(1), 43-49.
Fatimah, N. L., & Wibawanto, H. (2015). Implementasi Pengoptimalan Biaya Transportasi dengan North West Corner Method (NWCM) dan Stepping Stone Method (SSM) untuk Distribusi Raskin pada Perum Bulog Sub Divre Semarang. Edu Komputika Journal, 2(1).
Gangatharan, S. (2019). Optimal Solution of North West Corner and Least Cost Method Fuzzy Transportation Problem By Using Decagon Fuzzy Numbers. International Journal Of Scientific Development And Research, 4(10), 142-145.
Kamba, A. I., Kardi, S. M., & Dikko, Y. K. G. (2020). Optimization of total transportation cost. Global Journal of Pure and Applied Sciences, 26(1), 57-63.
Khan, M. A. (2014, December). Transportation cost optimization using linear programming. In International conference on mechanical, industrial and energy engineering (pp. 1-5).
Lambert, L. A., Tayah, J., Lee-Schmid, C., Abdalla, M., Abdallah, I., Ali, A. H., ... & Ahmed, W. (2022). The EU's natural gas Cold War and diversification challenges. Energy Strategy Reviews, 43, 100934.
LNG Prices: https://www.iea.org/data-and-statistics/charts/lng-import-prices-in-selected-countries-2010-2019, https://blogs.worldbank.org/developmenttalk/commodity-markets-outlook-nine-charts
Lochner, S. (2011). Modeling the European natural gas market during the 2009 Russian–Ukrainian gas conflict: Ex-post simulation and analysis. Journal of Natural Gas Science and Engineering, 3(1), 341-348.
Metlo, M., Solangi, M., & Memon, S. (2016). Modified North-West Corner Method for the Optimal Solution for Transportation Problems. Sindh University Research Journal-SURJ (Science Series), 48(4).
Mhlanga, A., Nduna, I. S., Matarise, F., & Machisvo, A. (2014). Innovative application of Dantzig’s North-West Corner rule to solve a transportation problem. International Journal of Education and Research, 2(2), 1-12.
Mishra, S. (2017). Solving transportation problem by various methods and their comparison. International Journal of Mathematics Trends and Technology, 44(4), 270-275.
Mohammed, K. S., Usman, M., Ahmad, P., & Bulgamaa, U. (2023). Do all renewable energy stocks react to the war in Ukraine? Russo-Ukrainian conflict perspective. Environmental Science and Pollution Research, 30(13), 36782-36793.
Murărașu, I. C. (2022, March). Analysis of the European Union's Energy Dependence on the Russian Federation. The European Resilience in Gas Supply in the Context of Russian-Ukrainian Tensions. In International Conference on Business Excellence (pp. 175-187). Cham: Springer Nature Switzerland.
Oglend, A., Osmundsen, P., & Kleppe, T. S. (2015). Trade with endogenous transportation costs: The value of LNG exports.
Pasaribu, M. (2019). Implementation of northwest corner transportation method for optimizing item shipping cost. Login: Jurnal Teknologi Komputer, 13(1), 1-4.
Putra, F. E., Purba, H. H., & Anggraeni, I. A. (2020). The optimization of distribution and transportation costs for common good products. International Journal of Industrial Optimization, 1(2), 111.
Quddoos, A., Javaid, S., & Khalid, M. M. (2012). A new method for finding an optimal solution for transportation problems. International Journal on Computer Science and Engineering, 4(7), 1271.
Ranasinghe, R. M., & Rathnayaka, R. M. K. T. (2021). North West Corner Rule based programming development to find the initial basic feasible solution of transportation problem.
Uddin, M. S., Anam, S., Rashid, A., & Khan, A. R. (2011). Minimization of transportation cost by developing an efficient network model. Jahangirnagar Journal of Mathematics & Mathematical Sciences, 26, 123-130.
Umar, M., Riaz, Y., & Yousaf, I. (2022). Impact of Russian-Ukraine war on clean energy, conventional energy, and metal markets: Evidence from event study approach. Resources Policy, 79, 102966.

Journal: Uncertain Supply Chain Management | Year: 2023 | Volume: 11 | Issue: 4 | Views: 443 | Reviews: 0

Related Articles:

Add Reviews

Name:*
E-Mail:
Review:
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
Security Code: *

® 2010-2024 GrowingScience.Com