International Journal of Energy Economics and Policy ISSN: 2146-4553 available at http: www.econjournals.com International Journal of Energy Economics and Policy, 2018, 8(3), 216-249. Forecasting Natural Gas: A Literature Survey Jean Gaston Tamba1*, Salomé Ndjakomo Essiane2, Emmanuel Flavian Sapnken3, Francis Djanna Koffi4, Jean Luc Nsouandélé5, Bozidar Soldo6, Donatien Njomo7 1Department of Thermal and Energy Engineering, University Institute of Technology, University of Douala, PO Box 8698 Douala, Cameroon, 2Laboratory of Technologies and Applied Science, University Institute of Technology, University of Douala, PO Box 8698 Douala, Cameroon, 3Laboratory of Technologies and Applied Science, University Institute of Technology, University of Douala, PO Box 8698 Douala, Cameroon, 4Department of Thermal and Energy Engineering, University Institute of Technology, University of Douala, PO Box 8698 Douala, Cameroon, 5Department of Renewable Energy, Higher Institute of the Sahel, University of Maroua, PO Box 46, Maroua, Cameroon, 6HEP-Plin Ltd., Cara Hadrijana 7, HR-31000 Osijek, Croatia, 7Environmental Energy Technologies Laboratory, University of Yaoundé I, PO Box 812, Yaoundé, Cameroon. *Email:
[email protected] ABSTRACT This work presents a state-of-the-art survey of published papers that forecast natural gas production, consumption or demand, prices and income elasticity, market volatility and hike in prices. New models and techniques that have recently been applied in the field of natural gas forecasting have discussed with highlights on various methodologies, their specifics, data type, data size, data source, results and conclusions. Moreover, we undertook the difficult task of classifying existing models that have been applied in this field by giving their performance for instance. Our objective is to provide a synthesis of published papers in the field of natural gas forecasting, insights on modeling issues to achieve usable results, and the future research directions.