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A Model for Price Optimization in Iranian Gas Sales Agreements Based on Value of Volume Flexibility Analysis
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Alireza Ghasemi Javid *1   , Atefeh Taklif2 , Mohammad Mahdi Hajian2 |
1- Allameh Tabataba’i University , ghasemi_ali@yahoo.com
2- Allameh Tabataba’i University |
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Abstract: (3287 Views) |
Natural gas sales and purchase agreements include a variety of contractual terms in commercial, financial, technical, and legal areas. Some of these are volume constraints. These terms have a value of flexibility and the degree of flexibility of these volumes has a monetary value and influences the financial regime of the contract, including the applicable gas price.
The purpose of this study is to optimize contractual volume flexibility and gas prices, while determining the optimal flexibility range for the constraints, focusing on gas export data to Turkey for the period 2010-2019. We optimize our mathematical model based on the cost-plus approach. The results show that the optimal output values for the variables of minimum and maximum daily contract quantities, percentage of take-or-pay and make-up gas quantity and carry forward will lead to optimal contract prices.
JEL Classification: C61, C63, Q35, Q37
Keywords: Optimization of volume flexibility terms, Optimization of natural gas pricing, Gas sales and purchase Agreements
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| Keywords: Optimization of volume flexibility terms, Optimization of natural gas pricing, Gas sales and purchase Agreements |
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Full-Text [PDF 680 kb]
(1504 Downloads)
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Type of Study: Thesis(PhD.) |
Subject:
مدل هاي نفت و گاز
Received: 2019/10/30 | Accepted: 2021/09/1 | Published: 2021/09/1 | ePublished: 2021/09/1
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