scholarly journals Gas Production, Gas Flaring And Economic Growth Nexus: The Nigerian Experience

2013 ◽  
Vol 8 (2) ◽  
pp. 41-44
Author(s):  
Salami Dada Kareem
Keyword(s):  
Economic Growth ◽  
Gas Production ◽  
Gas Flaring

Scenario Prediction of China’s Natural Gas Consumption and Carbon Emissions in the Next Ten Years

2021 ◽  
Vol 16 (3) ◽  
pp. 569-587
Author(s):  
Chunzi Wang ◽  
◽  
Mingxiong Zhu ◽  
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Gas Production ◽  
High Rate ◽  
Carbon Emission Reduction ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
Low Rate

Based on Johansen Cointegration Test, this paper sheds light on the long-run equilibrium relationship between natural gas consumption, gas production, and GDP in China. Three different natural gas demand scenarios of low, medium and high rates in the next ten years are considered, and a Neural Network Autoregression Model is used to predict the future carbon dioxide emission. We conclude: (1) In all three scenarios, the growth rates of natural gas consumption are all higher than those of natural gas production, while the gap between demand and domestic supply will gradually turn broader and China will largely rely on imports ; (2) In the scenario of low-rate economic growth, natural gas consumption will grow slowly, and it will be difficult to realize the carbon emission reduction targets by 2030 due to low-rate substitution of natural gas for coal; (3) If medium-rate to high-rate economic growth sustains, coupled with rapid increase in natural gas consumption and production, China’s Carbon Emission Reduction Targets for 2030 can be achieved with high-rate substitution of natural gas for coal.

Bottlenecks and Countermeasures in Shale Gas Exploration and Development of China

2014 ◽  
Vol 978 ◽  
pp. 157-160
Author(s):  
Rong Huo ◽  
Kai Bo Duan
Keyword(s):  
United States ◽  
Economic Growth ◽  
Natural Gas ◽  
Shale Gas ◽  
Emerging Technologies ◽  
The United States ◽  
Gas Production ◽  
Oil Exploration ◽  
The World ◽  
Exploration And Development

With the furthering of China’s all round reform, there will be greater economic growth and more urgent demands for energy. And the achievements of shale gas exploration and development in the United States provide a lot of lessons for domestic gas and oil exploration and development [Figure. 1]. However, the introduction of the matured foreign exploration and development technologies also suffers a great challenge. This paper aims to analyzing the problems in the exploration and development in China’s typical exploration areas and the measures that have been taken. Also, it sums up the emerging technologies and methods in the world, hoping to boost the future exploration and development of shale gas in China in a certain way. Fig. 1 U.S. dry natural gas production ( drawn from EIA)

The shale gas production and economic growth in local economies across the US

2020 ◽  
Vol 27 (11) ◽  
pp. 12001-12016 ◽  
Author(s):  
Faik Bilgili ◽  
Emrah Koçak ◽  
Ümit Bulut
Keyword(s):  
Economic Growth ◽  
Shale Gas ◽  
Gas Production ◽  
Local Economies ◽  
The Us

scholarly journals The Effect of Gas Production, Utilization, and Flaring on the Economic Growth of Nigeria

2013 ◽  
Vol 04 (04) ◽  
pp. 341-348 ◽  
Author(s):  
Ikechukwu A. Diugwu ◽  
Musa Mohammed ◽  
Ashem E. Egila ◽  
Mukalia A. Ijaiya
Keyword(s):  
Economic Growth ◽  
Gas Production

scholarly journals Opportunities and Threats for Polish Economic Growth in the Context of the Exploration and Extraction of Shale Gas

2013 ◽  
Vol 4 (3) ◽  
pp. 133-148
Author(s):  
Katarzyna Strzała-Osuch
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Hydraulic Fracturing ◽  
Shale Gas ◽  
Gas Production ◽  
Development Economic ◽  
The European Union ◽  
American Experience ◽  
Potential Risks ◽  
Social Environmental

This article attempts to present the potential opportunities and threats for Polish economic growth in the context of exploration and future extraction of shale gas. This topic is at the present time very timely because of the implementation of the exploration wells in Pomerania and Lublin, the prevailing unrest in the areas of concessions, as well as the lack of scientific, law and business base, confirmed by analyzes and forecasts for the licensed areas in Poland, to enter in the production phase. It could be dare to claim that: a) potential risks of economic development (economic, social, environmental, in public health) from the extraction of shale gas using hydraulic fracturing are not so examined; b) potential Polish economic development opportunities, based on the existing, conflicting forecasts regarding production, not confronted with the probable losses caused by shale gas extraction using hydraulic fracturing method has not been sufficiently analyzed, to take on the industrial production of gas without risk. The paper used the methods of literature analysis, case studies, statistical analysis based on GUS and PGI data and the methods of induction-deduction and comparisons. On the basis of economic analysis for Polish, American experience, as well as current research on the introduction of other methods of shale gas production, the European Union recommendations cannot be concluded that the production of unconventional gas in Poland will not cause negative environmental and social impacts, resulting in will risks in economic development.

Oil and Gas Production and Economic Growth in New Mexico

2011 ◽  
Vol 45 (2) ◽  
pp. 511-526 ◽  
Author(s):  
James Peach ◽  
C. Meghan Starbuck
Keyword(s):  
Economic Growth ◽  
New Mexico ◽  
Oil And Gas ◽  
Gas Production ◽  
Oil And Gas Production

scholarly journals Economic Diversification: Imperative for Trade and Industrial Policies in Nigeria

2018 ◽  
Vol 11 (1) ◽  
pp. 67-86 ◽  
Author(s):  
Chekwube Vitus Madichie ◽  
Festus Osagu ◽  
Eze Anoke Eze
Keyword(s):  
Economic Growth ◽  
Gas Production ◽  
Fiscal Crisis ◽  
Economic Diversification ◽  
Industrial Transformation ◽  
Industrial Policies ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Crude Oil Prices ◽  
Secondary Time

Abstract The sharp and continuous decline in crude oil prices since the mid-2014, along with the lackluster efforts at diversifying the sources of revenue and foreign exchange in the economy, incontrovertibly led to the recession that greeted Nigeria in the second quarter of 2016 as manifested by fiscal crisis. Hence this study examines the imperative of economic diversification in trade and industrial policies in Nigeria. In order to characterize the pattern of trade and industrial transformation in the diversification process, we adopted the augmented version of Kaldor’s first law which establishes a link between manufacturing output and economic growth. Based on annualized secondary time series, spanning from 1970 to 2015, obtained from the CBN statistical bulletin of various years, the study employed the contemporary econometric techniques of cointegration and error correction mechanism, within the framework of the Autoregressive Distributed Lag (ARDL) model as proposed by Pesaran et al (2001) in achieving its objective. The results show that manufacturing output, crude petroleum and natural gas production, as well as mining production have significant positive longrun impact on economic growth in Nigeria. This implies that economic diversification-based industrial policies will definitely bring about the desired economic outcomes in Nigeria. We therefore conclude that trade and industrial policies should be geared towards diversification of the economy.

scholarly journals Impact of Gas Production, Utilization and Flaring on Economic Growth: Evidence from the Republic of Congo

2021 ◽  
Vol 09 (03) ◽  
pp. 1492-1509
Author(s):  
Prince Valdano Itoua ◽  
Durell Esperance Ndinga Manguet ◽  
Gilhaimé Mouanda-Mouanda
Keyword(s):  
Economic Growth ◽  
Gas Production ◽  
Republic Of Congo ◽  
The Republic

scholarly journals Forecast of Economic Growth in Armenia

2021 ◽  
Author(s):  
Anahit Mkrtchyan ◽  
Gevorg Petrosyan
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Customer Service ◽  
Oil And Gas ◽  
Least Squares Method ◽  
Ordinary Least Squares ◽  
Gas Production ◽  
Domestic Product ◽  
Warning Sign ◽  
Foreign Direct Investments

The article presents the development of methods for forecasting economic growth. Since the 1950s, researchers have paid more attention to economic growth research. Many analysts and economists have focused on methods of forecasting economic growth and have tried to find the principal methods that influenced it. In the 2000s, economists found out that more than 500 exogenous or indigenous factors affect economic growth. Every national economy has its specifications which makes the forecast of its economic growth uncorrelated with the others. Some of them are heavily affected by oil and gas production, the others – by financial or customer service and a dozen of national economies are affected by the production in agriculture [3]. The economy of Armenia is not an exception. The author showed dynamics of Armenian economic growth, by which factors it has been affected, brought some comparisons with the region's countries. The authors used various econometric models to predict economic growth. The tiniest model, which the author constructed based on the ordinary least squares method, showed that Armenia's economic growth is mainly affected by four factors: Foreign Direct Investments, exports, national savings, and the amount of provided loans in Armenia. The quality of the model was 98% which is very high. The most considerable affection have foreign direct investments (FDI). If the FDI increases by 1 billion dollars, gross domestic product (GDP) will rise by 4.52 billion dollars, 36% of Armenia's GDP in 2019. The affection of Exports is not low either. If the amount of Exports increases by 1 billion dollars, that would raise gross domestic product (GDP) by 1.58 billion dollars which is 13.6% of Armenia's GDP in 2019. The author also tried to predict the economic growth of Armenia for ten years, from 2020-2029. The author used both ARIMA and SARIMA models to forecast economic growth. The results were interesting because they showed the economic crisis of 2020 due to the COVID-19 pandemic and the need for change in fiscal and monetary policies. It can be a warning sign to the ministry of Finances, Central Bank of Armenia, to consider critical changes in these policies.

scholarly journals TRACKING DYNAMIC CHANGES AND MONITORING SOCIOECONOMIC PARAMETERS IN ALGERIA BETWEEN 1993 AND 2012, USING NIGHTTIME LIGHT REMOTE SENSING

2017 ◽  
Vol XLII-2/W7 ◽  
pp. 1127-1135 ◽  
Author(s):  
B. Faouzi ◽  
P. Washaya
Keyword(s):  
Remote Sensing ◽  
Dynamic Change ◽  
Remote Sensing Data ◽  
Calibration Method ◽  
Gas Production ◽  
Data Availability ◽  
Dynamic Changes ◽  
Human Settlements ◽  
Gas Flaring ◽  
Nighttime Light

This paper is based on using DMSP-OLS data from satellites nighttime light observations to detect both sources of light emissions in Algeria from human settlement areas and gas flaring from oil-extraction and natural gas production. We used the time series of data from DMSP-OLS images to examine the spatial and temporal characteristics of urban development in 48 Algerian provinces from 1993 to 2012. A systematic nighttime light calibration method was used to improve the consistency and comparability of the DSMPOSL images and then a separation is made between light detected from human settlements and light detected from gas flaring in order to allow us to study human settlements without other light emissions and then assess the suitability of using DMSP data in southern Algeria and its ability to monitor gas flaring. Linear regression methods were developed to identify the dynamic change of nighttime light and estimated its growth directions at pixel level. This work is the first to use nighttime light observations to detect and monitor the growth of human settlements in North Africa. In this study, we made use of DMSP-OLS data as a return ticket to the years of crises and we found the most affected provinces during that period. The DMSP-OLS data proved to be an index of growth in the economy during the period of stability in Algeria expressed by positive dynamic changes in the lighted area in all Algerian provinces. We used NTL data as an alternative to annual growth indexes for each province, which are unavailable, and its help as a monitoring system for socioeconomic parameters to fill the gap of data availability. We also proposed nighttime light remote sensing data as a useful tool to control and reduce CO2 emissions in Algeria’s petroleum sector.

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