Unconventional gas: What value for the option to develop ?

Oana Ionescu (1, 2) , Catherine Locatelli (2)

1 G2ELab - Laboratoire de Génie Electrique de Grenoble
2 équipe EDDEN

In this article we lay emphasis on the main economic features related to the development of unconventional gas seen as a highly sophisticated technology which may contribute to address the needs of a world increasingly hungry for energy. More particularly, the article aims at showing how the real options theory may be a convenient tool to analyze the decision to invest in the shale gas production by simultaneously taking into account the uncertainty, the irreversibility and the negative externality on the environment.

Mots clés: energy security; real options; shale gas

Domaines: Economies et finances

Oana Ionescu, Catherine Locatelli. Unconventional gas: What value for the option to develop ?. Energy & the economy : 37th IAEE international conference, Jun 2014, New-York, United States. ⟨halshs-01011236⟩