Information Processing for Analysis of Consumption Flexibility of Global Natural Gas Demand

Abstract:

Gas consumption exist great regional difference, price and income are the main factors affecting consumption .Global gas consumption has slow growth, but the price in 2008 there was a twist. We analyze the global natural gas consumption and price points using the data from the BP. The level of economic development and natural gas reserves determine the differences in the levels of consumption. In order to eliminate the impact per unit, the regression model uses the data in the log. This paper studied the influence factors of natural gas consumption in North America using of consumer income elasticity and price elasticity. The results show that the gas consumption have a low income elasticity and price elasticity is higher .Law of "S" shape can explain the income elasticity is low, the reason is that the stage of economic development. Price elasticity is higher lies in the different between Canada and the United States, the United States is a net importer of natural gas, and Canada is a net exporter. Keywords: Consumption Flexibility; Natural Gas Demand; income; price

• Periodical: Applied Mechanics and Materials (Volume 707)
• Pages: 514-519
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.707.514
• Online since: December 2014
• Authors: Xin Min Zhang, Kuang Cen, Wan Li Xing*
• Keywords: Consumption Flexibility, Income, Natural Gas Demand, Price

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