An Optimization Supply Model for Crude Oil and Natural Gas in the Middle East

CATEGORY: ENERGY INTENSITY
Zero-Carbon Energy Kyoto 2012
Green Energy and Technology 2013, pp 17-29
An Optimization Supply Model for Crude Oil and Natural Gas in the Middle East
Hooman Farzaneh, Keiichi N. Ishihara, Nuki Agya Utama, Benjamin McLellan, Tetsuo Tezuka
Abstract
Presents a model of optimal oil and natural gas supply, developed for the Middle East region including Iran, Iraq, Kuwait, Qatar, Saudi Arabia, Oman and Bahrain.
Authors employ the model to prepare a projection of oil and gas supply up to 2030. Results indicate that oil production will increase in the Middle East region to satisfy increased consumption. Growth is expected to rise by about 30 Mbbld by 2030.  In addition, the Middle East’s share of global gas production is projected to expand to 20% in 2030. The projection implies that the Middle East upstream and refinery capacities are likely to be sufficient to meet the demand until around 2015.  Expansion beyond 2015 is uncertain.
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