However, a lot of integrated processes requiring huge investments along the whole value chain are involved before it reaches us. Natural gas is stored in three principal types of large underground storage systems. The concept of value chain analysis is therefore useful in several ways such as identifying constraints and opportunities in the oil and gas industry. Redundancy within the us natural gas supply chain enables critical components to.
Value chain analysis of the natural gas industry alboran. By michelle melton, annie hudson, and sarah ladislaw. Todays natural gas industry demands operational excellence. The environmental concerns in exploration is also crucial. The paper starts with decribing how to model natural gas transportation and storage, and at the end we present a stochastic portfolio optimization model for the natural gas value chain in a. Pdf in this paper we give an introduction to modelling the natural gas value chain including production, transportation, processing, contracts, and. Value chain in oil and gas sector penplusbytes february. Cng for commercialization of small volumes of associated gas. The cng chain the cng chain is composed of four elements.
The supply chain in the oil and gas industry is global and involving international trade system. Division of the world bank is undertaking a study on nocs and value creation, and this draft version of chapter 1 of the study. Natural gas is a raw material used in the production of city gas. Natural gas solutions for the gas value chain proven technology. Learn more about the natural gas process from the well head to the burner tip. The terms upstream, midstream and downstream are often used to refer to the major sectors or operational components of the petroleum industry. The upstream sector involves the exploration for and extraction of petroleum crude oil and natural gas. We all enjoy the benefits of natural gas in one way or the other, directly or indirectly, without questioning how the btu of natural gas is made available to us. Natural gas is a combustible, gaseous fossil fuel that is the thirdmost widely used energy source in the. The lng value chain starts upstream with exploration and production operations. Understanding natural gas and lng options department of energy. Epa, natural gas star program, production technology transfer workshop, methane leaks from the u.
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