Techno-economic modelling to strategize energy exports in the Central Asian Caspian region
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Date
2017-04-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Heliyon
Abstract
Abstract This paper studies the concept of energy security from export-oriented countries’ point of view. It aims to test the effects of long-term energy export strategies in the Central Asian Caspian (CAC) region, by exploring the trade-offs between a “risk” indicator and some key variables of the energy system such as the total cost, the quantities exported, and the corresponding revenues. Risk reduction goals are combined with securing a minimum level of revenues from the hydrocarbon exports goals. It is also attempted to provide a definition and a quantification of a risk indicator on the basis of four components.The analysis makes use of a techno-economic energy system model to quantitatively evaluate the response of the energy sector to energy security risks, and its sensitivity to different export strategies.
Description
Keywords
Energy, Economics, Environmental science
Citation
Aidyn Bakdolotov, Rocco De Miglio, Yerbol Akhmetbekov, Kanat Baigarin, Techno-economic modelling to strategize energy exports in the Central Asian Caspian region, In Heliyon, Volume 3, Issue 4, 2017, Article e00283