• Analyses & Alternatives
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• v.5 no.2
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• pp.77-105
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• 2021

Natural gas consumption in Asia is growing at fast tempo because of various factors such as economic growth in the region, urbanization, coal-to-gas switch at power and industry sector. Due to geographical characteristics and lack of international pipeline connections between countries in the continent, majority of natural gas exported to Asian consumers is transported by tankers on the sea in the form of liquefied natural gas. As Asian market is the most lucrative market with the fastest demand growth, the competitions between LNG sellers for market share in Asian market are strengthening. The competitions accelerated, especially after the introduction of large volume of incremental supply into the market by new exporters from the U.S., Australia, and Russia. Cheniere Energy, the first exporter of liquefied natural gas (LNG) in the lower 48 states of U.S. has not adopted the traditional price formation mechanism and business model. Traditionally, prices of long-term LNG contracts have been indexed to the price of competing fuels, such as crude oil. The company adopted a pricing mechanism and business model based on a cost-plus system. Cheniere Energy opted for the safer and the risk-free pricing system, that annually guarantees a fixed amount of revenue to the seller. The company earns the same amount of money, regardless of natural gas price dynamics in the domestic and international market, but possibly with less revenue. However, by introducing and successfully implementing the safer and risk- free business model, Cheniere Energy, a company of a relatively smaller size in comparison with major oil and gas companies, became an example to other smaller-sized companies in the U.S. The company's business model demonstrated how to enter and operate LNG business amid increasing competitions among sellers in the U.S. and international market.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.10
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• pp.117-124
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• 2017

A Smart Grid is a system that can efficiently use energy by exchanging real-time information in both directions between a consumer and a power supplier using ICT technology on an existing power network. DR(Demand response) is an arrangement in which electricity users can sell the electricity they save to the electricity market when the price of electricity is high or the power system is crisis. In this study, we developed a power meter data transmission device and power IT system that measure the demand information in real-time using a smart meter and transmit it to a cloud server. The power meter data transmission device developed in this study uses alight sensor connected to a Raspberry Pi 3 to measure the number of blinking lamps on the KEPCO meter per unit of power, in order to provide reliable data without any measurement errors with respect to the KEPCO power data. The power measurement data transmission device uses the standard communication protocol, OpenADR 2.0b. The measured data is transmitted to the power IT system, which consists of the VEN, VTN, and calculation program, via the LTE WiFi communication network and stored in its MySQL DB. The developed power measurement data transmission device issues a power supply instruction and performs a peak reduction DR when a power system crisis occurs. The developed power meter data transmission device has the advantage of allowing the user to adjust it every 1 minute, where as the existing smart metering time is fixed at once every 15 minutes.

• KEPCO Journal on Electric Power and Energy
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• v.2 no.3
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• pp.391-395
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• 2016

In the last few decades, global electricity consumption has dramatically increased and has become drastically fluctuating and uncertain causing blackout. Due to the unexpected peak electricity demand, we need significant electricity supply. The solutions to these problems are smart grid system which is envisioned as future power system. Smart grid system can reduce electricity peak demand and induce effective electricity consumption through various price policies, demand response (DR) control methodologies, and state-of-the-art smart equipments in order to optimize electricity resource usage in an intelligent fashion. Demand response (DR) is one of the key technologies to enable smart grid. In this paper, we propose greedy technique for demand response smart grid system. The proposed scheme focuses on minimizing electricity bills, preventing system blackout and sacrificing user convenience.

• Journal of the Earthquake Engineering Society of Korea
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• v.9 no.1 s.41
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• pp.51-59
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• 2005

Magnetorheological(MR) dampers are one of the most promising semi active control devices, because they have advantages such as small power requirement, reliability, and low price to manufacture. To reduce the responses of structures with MR dampers, a control system including power supply, controller, and sensors is required. However, when a mount of MR dampers are used to a large?scale civil structure such as cable stayed bridges, the control system becomes complex. Therefore, it is not easy to install and maintain the MR damper based control system. To resolve above difficulties, This paper proposes a smart passive system that consists of a MR damper and an electromagnetic induction(EMI) system. According to the Faraday’s law of induction, EMI system that is attached to the MR damper produces electric energy. The produced energy is supplied to the MR damper. Thus, the MR damper with EMI system does not require any power at all. Furthermore, the induced electric energy is proportional to external loads like earthquakes, which means the MR damper with EMI system is adaptable to external loads without any controller and corresponding sensors. Therefore, it is easy to build up and maintain the proposed smart passive system.

• International Area Studies Review
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• v.13 no.3
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• pp.93-119
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• 2009

The purpose of this paper is to analyze the world rice market through structure and conduct frameworks utilizing annual data from 1970 to 2007. The world rice market has been unstable for much of the period post-World War II, with prices volatile and the availability of supplies uncertain. Therefore, analysis of the structure and conduct of the world rice market can provide information to better formulate the direction of future policies. Also, this paper will describe the effects of total production, export rice price, market concentration, and real exchange rate for exporting countries on total export rice volume. On basis of the expected results, the international rice market possesses market power with respects to static calculation and hypothesis test, and it will be demonstrated that exporting countries' currency crucially affects the exporting quantity and market power of those same exporting countries.

• Advances in Energy Research
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• v.5 no.2
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• pp.129-145
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• 2017

In this study, the use of a micro gas turbine system using biogas to supply heating, cooling and electricity loads of a rural building located in rural area around Tehran has been studied. Initially, the amount of energy needed by the farmhouse was calculated and then the number of needed microturbines was determined. Accordingly, the amount of substances entering biogas digester as well as tank volume were determined. The results of this study showed that village house loads including electrical, heating and cooling and hot water loads can be supplied by using a microturbine with a nominal power of 30 kW and $33.5m^3/day$ of biogas. Digester tank and reservoir tank volumes are $67m^3$ and $31.2m^3$, respectively. The cost of electricity produced by this system is 0.446 US$/kWh. For rural area in Iran, this system is not compatible with micro gas turbine and IC engine system use urban natural gas due to low price of natural gas in Iran, but it can be compatible by wind turbine, photovoltaic and hybrid system (wind turbine& photovoltaic) systems.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.42
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• pp.67-85
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• 2009

In English Law it seems that it is essential to apply the principle of equilibrium in the contract, however, it does not seemed to apply as the general rule of the principle of contract. Especially it seems that English Court didn't pay attention to the principle of equilibrium in 18th century. If one of the party do not appeal the equilibrium of the contract, it does not make any difference even today. However the Court may cancel or withdraw the construction of contract between the parties where the principle of equilibrium is damaged by fundamental problems like just-price. In French Law it seems that they have more wide definition of the principle of equilibrium. The French Court may consider that the application of good faith is the performance of condition of the contract between the parties and has no power to relieve of one party of his expressed obligations or warranty. In German Law, it seems that the principle of good faith is fundamental to take into account interest of the parties. They may agree to supply information or not to interfere with a commercial agent regarding performance and maintenance of the contract.

• Asian Journal of Atmospheric Environment
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• v.8 no.1
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• pp.59-68
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• 2014

The Fukushima nuclear accident in 2011 had an extensive impact on the national electricity plans. This paper outlines alternative electricity scenarios that meet the goals of nuclear phase-out and greenhouse gas (GHG) emission reduction. This paper also analyzes the results of each scenario in respect to the electricity mix, GHG emissions, costs and employment effects. The Long-range Energy Alternatives Planning system (LEAP) model was used to simulate the annual electricity demand and supply system from 2011 to 2030. The reference year was 2009. Scenarios are reference (where existing plans are continued), A1, A2, B1, B2, and C2 (where the levels of demand management and nuclear phase-out are different). The share of renewable energy in the electricity mix in 2030 for each scenario will be increased from about 1% in 2009 to 8% in the reference scenario and from 11% to 31% in five alternative scenarios. Total cumulative cost increases up to 14% more than the reference scenario by replacing nuclear power plants with renewable energy in alternative scenarios could be affordable. Deploying enough renewable energy to meet such targets requires a roadmap for electricity price realization, expansion of research, development and deployment for renewable energy technologies, establishment of an organization dedicated to renewable energy, and ambitious targets for renewable energy.

• Korean Institute of Interior Design Journal
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• v.21 no.6
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• pp.129-136
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• 2012

As the importance of eco-friendly and energy saving issues are emphasized in lighting as consciousness about energy saving is elated worldwide, demand for natural resources such as gas increases, supply of LED lighting is spread. Owing to white LED's development and price fall. It is expected to LED High Luminance Emitting Diode. LED's brightness and long life-time that surpass fluorescent light in the latest as well as is used by back light source of thin film LCD, low electric power attrition rate by advantage do and widen the market at the world lighting lamp market that is potential market. Accordingly, study about suitability of LED lighting is activated but space that apply actual LED lighting fixtures yet is less and advanced researches about LED fixtures' applied apaces are slight compared to existing light source up to now because is not many on this. The result of the experiment shows similar tendency with the existing light sources'. Through a psychological reaction experiment in the LED lighting experiencing space that can control of color temperature and lighting level, this study is wished to use to the data for lighting design of space that LED lighting fixtures are applied hereafter.

• Proceedings of the KIEE Conference
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• 2005.04a
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• pp.277-279
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• 2005

The imbalance of energy demand and supply caused by rapid industrialization around the world and the associated environmental issues require and alternative energy source with possible renewable fuels. Political instability and depletion of cruel oils are other factors that cause fluctuation of oil price. Securing a new alternative energy source for the next century became an urgent issue that our nation is confronting with. As a matter of fact, the fuel cell technology can be widely used as next generation energy regardless of regions and climate. Specially, the ability of expansion and quick installation enable one to apply it for distributed power, where the technology is already gaining remarkable attentions for the application. Particularly, leading industrialized nations are focusing on the PEM fuel dell with anticipation that this technology will find their place of applications in the vehicles and homes. In this study, demonstrate the multi physics modeling of a proton exchange membrane(PEM) fuel cell with interdigitated flow field design. The model uses current balances, mass balance(Maxwell-Stefan diffusion for reactant, water and nitrogen gas) and momentum balance(gas flow) to simulate the PEM fuel cell behavior.