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Full-Text Articles in Oil, Gas, and Energy
Can The Us And Europe Contain Russian Power In The European Energy Market? A Game Theoretic Approach, Jesse Richman, Nurullah Ayyilmaz
Can The Us And Europe Contain Russian Power In The European Energy Market? A Game Theoretic Approach, Jesse Richman, Nurullah Ayyilmaz
Political Science & Geography Faculty Publications
The Russian history of politicization of natural gas supplies led Europe to seek alternatives. US LNG is considered to be a viable alternative for Europe, which positioned the US as a strong competitor against Russia. In a game theoretic approach, we model this strategic decision-making process in simultaneous-move and sequential games. Our findings indicate a mixed strategy equilibrium: Europe cannot commit to diversify in the face of Russian advantages, and Russia cannot fully resist the temptation to politicize its supplies to Europe. The US might attempt to intervene in the European commitment problem through implementing sanctions on Russian gas sales. …
Energy Sustainability Of Turkey In The Case Of Lng, Omer Ilker Poyraz, Omer Keskin, Resit Unal
Energy Sustainability Of Turkey In The Case Of Lng, Omer Ilker Poyraz, Omer Keskin, Resit Unal
Engineering Management & Systems Engineering Faculty Publications
Energy is both vital and strategic element for a nation to sustain its fundamental activities like security, logistics, heating, etc. Countries sustain their energy demands through internal or external sources. In the case of not being able to maintain energy demands from their internal sources, they would need to import their requirements. Whenever they need to buy raw materials, they have to build terminals to process the raw material into the required form. The dependency on the imports may cause the importing country to weaken its advantage in international conflicts, unemployment, and welfare. Therefore, countries aim to mitigate dependence to …