Techno-economic modelling to strategize energy exports in the Central Asian Caspian region

Aidyn Bakdolotov, Rocco De Miglio, Yerbol Akhmetbekov, Kanat Baigarin

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

This paper studies the concept of energy security from export-oriented countries’ point of view. It aims to test the effects of long-term energy export strategies in the Central Asian Caspian (CAC) region, by exploring the trade-offs between a “risk” indicator and some key variables of the energy system such as the total cost, the quantities exported, and the corresponding revenues. Risk reduction goals are combined with securing a minimum level of revenues from the hydrocarbon exports goals. It is also attempted to provide a definition and a quantification of a risk indicator on the basis of four components. The analysis makes use of a techno-economic energy system model to quantitatively evaluate the response of the energy sector to energy security risks, and its sensitivity to different export strategies.

Original languageEnglish
Article numbere00283
JournalHeliyon
Volume3
Issue number4
DOIs
Publication statusPublished - Apr 2017

Keywords

  • Economics
  • Energy
  • Environmental science

ASJC Scopus subject areas

  • General

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