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North American Natural Gas Demand — Outlook 2020

2004· article· en· W2066882450 on OpenAlexaboutno aff
Salman Saif Ghouri

Bibliographic record

VenueOPEC Review · 2004
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicMarket Dynamics and Volatility
Canadian institutionsnot available
Fundersnot available
KeywordsDistributed lagNatural gasEconomicsLagEconometricsConsumption (sociology)Natural gas pricesGas consumptionPopulationAutoregressive modelPrice elasticity of demandAgricultural economicsEngineeringMicroeconomicsDemographyEnvironmental economics

Abstract

fetched live from OpenAlex

Abstract This paper analyses natural gas demand in the United States of America, Canada and Mexico for the period 1980–2001. Visual inspections of the historical trends for natural gas demand, GDP and natural gas prices provide an initial assessment of the relationship between these variables. The paper then estimates various regressions, using the Almon polynomial distributed lag model. Several regressions, utilizing different combinations of explanatory variables, were run with or without an autoregressive scheme of various orders. The best‐fitting model in each country was selected, and this was later used to generate natural gas demand forecasts for the respective countries to 2020. The results show that the income elasticity for Canada is more than unity (1.4), compared with less then unity for the USA (0.8) and Mexico (0.65). Changes in natural gas consumption generally lag by a few years, before the full impact of the changes in gas prices is realised. The length of lags varies between countries, but generally the effect of a price change on natural gas consumption dissipates after three‐to‐four years. Population is one of the important explanatory variables for Mexico, while it is not significant for the USA and Canada. The model predicts that natural gas demand in the USA (base case) will increase at an annualised growth rate of 1.9 per cent and, by 2020, should reach 919 billion cubic metres. This is not very different to the forecast of the US Department of Energy's Energy Information Administration (EIA) (900 bcm). Similarly, the base case forecast for Canada to 2020 is 128 bcm, compared with that of the EIA at 125 bcm. The forecast for Mexico (92 bcm) is significantly different to that of the EIA (120), perhaps due to different economic growth assumptions. The paper concludes that there is an urgent need to enhance exploration efforts and investment in liquefied natural gas (LNG) terminals, to be able to receive LNG from multiple sources, particularly in the USA and Mexico.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.682
Threshold uncertainty score0.612

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.015
GPT teacher head0.233
Teacher spread0.217 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations2
Published2004
Admission routes1
Has abstractyes

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