is rationalization the sole objective?
Author InfoOlivier MASSOL Stéphane TCHUNG-MING Abstract This paper examines the development of cooperative strategies between 12 countries exporting Liquefied Natural Gas (LNG) and belonging to the Gas Exporting Countries Forum (GECF). This economic study is more specifically focused on a scenario often raised: that of the emergence of a cooperative approach designed with the sole aim of logistic rationalization, and which would not have any effect on LNG prices. As this is a standard transportation problem, we first assess the gains that may result from this cooperative approach using a simple static model calibrated on the year 2007. The numerical results obtained suggest that, in the absence of a gain redistribution policy, this cooperative strategy will probably not be adopted because cooperation would not be a rational move for some exporters. The problem of gain sharing is then formulated using cooperative game theory concepts. Several gain sharing methods have been studied, incl
