Model for uncertainty analysis

Model for uncertainty analysis

The project partner for this project was Gassco, which is the operator of the transport system for natural gas from the Norwegian continental shelf to Europe .
 
Gassco develops an annual Transport Plan to ensure efficient utilisation  and development of the gas infrastructure. NR was involved in this process by developing a model for performing uncertainty analyses for both gas volume rates and gas quality. This model will be used by Gassco to analysis uncertainty related to future gas forecasts.
 
The calculations were performed in Excel with Monte Carlo simulations using @Risk.