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Abstract

The emerging area of management and distribution of global energy resources presents new challenges to businesses, industries, and researchers. This paper describes a prototype used to evaluate the situation and to facilitate rapid decision-making for alternative natural gas supply sources given an unprecedented scenario. It provides a step-by-step approach to determining the best alternative based on cost and risk reduction. It incorporates data about the top exporters and importers of natural gas, their rank order, and the relationship between the importers and exporters of natural gas, as well as the factors guiding such relationships. Results of these relationships are incorporated into a database and examples are chosen to analyze for alternative selection. The solution obtained demonstrates the feasibility of developing an integrated system and its useful implementation for determining alternative sources of natural gas supplies given critical scenarios in the value chain.

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Abstract

The emerging area of management and distribution of global energy resources presents new challenges to businesses, industries, and researchers. This paper describes a prototype used to evaluate the situation and to facilitate rapid decision-making for alternative natural gas supply sources given an unprecedented scenario. It provides a step-by-step approach to determining the best alternative based on cost and risk reduction. It incorporates data about the top exporters and importers of natural gas, their rank order, and the relationship between the importers and exporters of natural gas, as well as the factors guiding such relationships. Results of these relationships are incorporated into a database and examples are chosen to analyze for alternative selection. The solution obtained demonstrates the feasibility of developing an integrated system and its useful implementation for determining alternative sources of natural gas supplies given critical scenarios in the value chain.

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