Disruption of maritime trade chokepoints and the global LNG trade: An agent-based modeling approach

Meza, Abel; Arı, İbrahim; Sada, Mohammed Al; Koç, Muammer

doi:10.1016/j.martra.2022.100071

Cited by 10 publications

(5 citation statements)

References 26 publications

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“…However, their model did not factor in demand disruptions and spot purchases. The critical role of maritime chokepoints such as the Suez Canal, Panama Canal, Malacca Strait, and Strait of Hormuz in global LNG trade was analyzed by Meza et al 35 They developed an agent-based model (ABM) that considered disruption scenarios related to the closure of each maritime chokepoint and identified the impact of such deviations on global trade.…”

Section: Disruption Mitigation In Lng Supplymentioning

confidence: 99%

Supply Chain Risk Management in LNG Import Terminals through Proactive and Reactive Operational Strategies

Venkataramanan,

Srinivasan

2024

Ind. Eng. Chem. Res.

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Large-scale disruptions have recently buffeted enterprises, leading them to focus on risk management. In liquefied natural gas (LNG) supply chains (SCs), risks exist in different segments, including supply, demand, logistics, and terminal operations, and manifest as disruptions. The primary objective of this work is to systematically design operational policies and mitigation strategies to endow resilience to the SC of an LNG importer. A HAZOP-based approach is used for risk identification. Impact assessment is performed using an agent-based dynamic simulation developed in our previous work. Monte Carlo studies are conducted to quantify the costs and benefits of the proposed strategies. The proposed approach is demonstrated using two case studies: (1) mitigating disruptions through reactive recovery strategies and (2) reducing risks through proactive operational policies. The results indicate that significant improvements in the terminal operating profit, as much as 178%, can be achieved compared to the baseline. Further, it can be seen that disruptions can be adequately handled through robust operational policies without requiring onerous reactive interventions.

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Section: Disruption Mitigation In Lng Supplymentioning

confidence: 99%

Supply Chain Risk Management in LNG Import Terminals through Proactive and Reactive Operational Strategies

Venkataramanan,

Srinivasan

2024

Ind. Eng. Chem. Res.

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“…Due to vari-able transit options, the LNG market is more vulnerable to the combined effects of pricing games, supply and demand, and geopolitical concerns [11,12]. The LNG trade market has developed into a complex system involving numerous nations and is interconnected [13]. The trade flows created by international trade cooperation, which spatially entwine to create an ever-expanding global trade network for LNG, are undoubtedly the most comprehensible structural manifestation of the market's dynamic evolution.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Since the "Ukraine crisis" in 2013, the supply and de the LNG market have been in a long-term tight balance, and the traditional trade has been impacted. After international events like the global financial crisis Ukraine crisis, the global LNG trade entered a stable development phase, grow 13…”

Section: Evolution Of Global Lng Trade Patternsmentioning

confidence: 99%

Spatiotemporal Evolution and Market Dynamics of the International Liquefied Natural Gas Trade: A Multilevel Network Analysis

Hou,

Niu,

et al. 2023

Energies

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Natural gas is considered a transitional energy source in the transition to clean energy owing to its clean, efficient, and ecologically beneficial properties. The trade of liquefied natural gas (LNG) serves as the backbone of the global natural gas trade and significantly influences the dynamics of the global energy trade system. This paper constructs long-term global LNG trade networks, and explores the spatiotemporal evolution and topological structures of the international LNG trade by utilizing multilevel network analysis methods, to provide insights for comprehensively understanding the market dynamics of the global LNG trade system. The findings indicate the following: (1) The global LNG trade volume shows an overall upward trend, and the global LNG trade network exhibits uneven spatial distribution, clear hierarchical differentiation, and an increasingly complicated structure. Global LNG trade is gradually changing from regionalization to globalization, and the international LNG market is undergoing structural reshaping. (2) The global LNG trade network continues to expand in size and density, and the rapidly growing LNG supply and trade relations are driving the formation of the global natural gas market. (3) Global LNG trade is still in a phase of rapid change, with the global efficiency of the network increasing and then decreasing. The trade network has traditionally been centered on ten countries, including Japan, South Korea, the United States, and Qatar. (4) The global LNG trade network exhibits clear core-periphery structures with considerable polarization effects, and the trade network structure is continuously evolving and is growing unbalanced. Finally, we put forward relevant policy suggestions to promote global LNG trade interconnectivity and enhance environmental protection and respond to global climate change.

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“…A comprehensive assessment of infrastructure readiness involves not only the presence of terminals but also their technological sophistication and environmental sustainability. The transportation infrastructure forms the lifeline connecting LNG production centers to consumers, both domestically and internationally (Meza et al, 2022). This includes an intricate network of pipelines for domestic distribution and efficient shipping routes for exports.…”

Section: Infrastructure Developmentmentioning

confidence: 99%

Reviewing the economic viability of LNG projects in African Nations

Cosmas Dominic Daudu,

Chinelo Emilia Okoli,

Adedayo Adefemi

et al. 2023

World J. Adv. Res. Rev.

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The economic viability of Liquefied Natural Gas (LNG) projects in African nations stands as a pivotal subject in the global energy landscape. This Review encapsulates a comprehensive review, shedding light on the multifaceted aspects that determine the success and sustainability of LNG initiatives across the African continent. The analysis encompasses key elements such as investment frameworks, regulatory environments, and socio-economic considerations, providing a nuanced understanding of the economic dynamics shaping LNG projects. Examining case studies and regional variations, the review delves into the challenges and opportunities that characterize LNG ventures in Africa. The study identifies the critical factors influencing economic viability, including infrastructure development, market dynamics, and governmental policies. It explores the impact of global energy trends on the African LNG market and scrutinizes the role of international collaborations in fostering economic success. Additionally, the review assesses the potential socio-economic benefits, job creation, and local community engagement stemming from LNG projects, adding a socio-economic dimension to the economic evaluation. Furthermore, the Review emphasizes the need for adaptive strategies that acknowledge the unique challenges faced by African nations, from political stability concerns to the varying levels of technological infrastructure. The economic viability of LNG projects is inherently linked to the alignment of national goals, industry interests, and environmental sustainability. In summary, this Review provides a succinct overview of the comprehensive review on the economic viability of LNG projects in African nations. It sets the stage for an in-depth exploration of the economic intricacies, offering valuable insights for policymakers, industry stakeholders, and researchers vested in the sustainable development of LNG projects across the African continent.

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Disruption of maritime trade chokepoints and the global LNG trade: An agent-based modeling approach

Cited by 10 publications

References 26 publications

Supply Chain Risk Management in LNG Import Terminals through Proactive and Reactive Operational Strategies

Supply Chain Risk Management in LNG Import Terminals through Proactive and Reactive Operational Strategies

Spatiotemporal Evolution and Market Dynamics of the International Liquefied Natural Gas Trade: A Multilevel Network Analysis

Reviewing the economic viability of LNG projects in African Nations

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