Foundations of Natural Gas Price Formation
Misunderstandings Jeopardizing the Future of the Industry
- 158 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Foundations of Natural Gas Price Formation
Misunderstandings Jeopardizing the Future of the Industry
About this book
Natural gas pricing should be as critically important to the general public as it is to industry specialists. Pricing is the basis of balancing the interests of European and Asian consumers of power and electricity with those of the limited number of potential suppliers of natural gas. Given that natural gas is a foundational transition fuel source that will not be supplanted by renewals for many, many years, the consequences of market failure from incorrect pricing mechanisms could result in the industry missing the new investment cycle. In addressing the critical balancing role of natural gas pricing, 'Foundations of Natural Gas Price Formation' presents an in-depth analysis of the fundamentals of natural gas price formation and outlines the distinctive characteristics of natural gas that make it a unique commodity by examining the specific factors underpinning gas pricing that result in a hybrid pricing system special to natural gas. The book argues that the patrons of spot pricing through gas hubs are promoting an incorrect understanding of gas markets that will lead to market failure and to potential critical supply shortages in the near future. 'Foundations of Natural Gas Price Formation' defends the system of oil-indexed pricing as an accurate, market-based mechanism that has stood the test of time.
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Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- CONTENTS
- ILLUSTRATIONS
- ACKNOWLEDGMENTS
- INTRODUCTION
- Chapter 1 WHAT IS THE MISSION OF THE NATURAL GAS INDUSTRY AND HOW CAN IT BE SUCCESSFULLY COMPLETED?
- Chapter 2 LONG-TERM CONTRACTS: THEIR ROLE AND IMPACT ON NATURAL GAS PRICING
- Chapter 3 PRICE ENVELOPES FOR NATURAL GAS OR HOW INTERFUEL COMPETITION MAKES THE PRICE OF NATURAL GAS RANGEBOUND
- Chapter 4 HYBRID PRICING IN NATURAL GAS: SEARCH FOR AN EFFICIENT PRICING MODEL
- Chapter 5 IMPACT OF EXTERNALITIES ON NATURAL GAS PRICING
- Chapter 6 CONCLUSION
- INDEX