ESys.2: Security of oil and gas supplies
Recent work has focussed on available volumes of unconventional resources and the production costs of both the conventional and unconventional oil and gas resources. Supply cost curves have been developed that demonstrate the inherent uncertainties in the resource estimates. The new data has been input to TIAM-UCL, together with modifications to refining and other upstream processes. The model is now ready to begin giving insights into future hydrocarbon availability and the interactions with other sectors of the global energy system under a variety of demand and carbon constrained scenarios.