WorldWideScience

Sample records for gas markets nascent

  1. Research document no.31. Integration of European gas markets: nascent competition in a diversity of models

    International Nuclear Information System (INIS)

    Finon, D.

    2002-01-01

    The idea of building an integrated European gas market based on competitive trade, like a gas lake supplied indifferently by remote, intra-European and national sources with the help of active market places allowing arbitration and price convergence, is far from being reached. In fact it depends upon two conditions: the deregulation of each gas market at national level, and at the upper level of the market the change in contractual relations between remote gas producers and buyers, who currently make the relations rigid with long-term transactions and limit opportunities for exchange on a competitive basis. This document analyses at two levels, namely national and European, the changing shape of the European gas markets under the effects of the market reforms and their chance of integration. Firstly the former two-level European gas market, the legacy of which determines the constraints on competition development more strongly than in electricity, are characterized. Secondly, in order to characterize the potential for development of competition, the main traits of each national gas market are identified in terms of market attractiveness and market accessibility for the incumbents competitors. Thirdly, dynamics of market development towards market integration are inferred at European level from these characteristics and from the possibility for development of new forms of gas trade between foreign producers, suppliers and users at national level. (A.L.B.)

  2. Research document no.31. Integration of European gas markets: nascent competition in a diversity of models

    Energy Technology Data Exchange (ETDEWEB)

    Finon, D

    2002-07-01

    The idea of building an integrated European gas market based on competitive trade, like a gas lake supplied indifferently by remote, intra-European and national sources with the help of active market places allowing arbitration and price convergence, is far from being reached. In fact it depends upon two conditions: the deregulation of each gas market at national level, and at the upper level of the market the change in contractual relations between remote gas producers and buyers, who currently make the relations rigid with long-term transactions and limit opportunities for exchange on a competitive basis. This document analyses at two levels, namely national and European, the changing shape of the European gas markets under the effects of the market reforms and their chance of integration. Firstly the former two-level European gas market, the legacy of which determines the constraints on competition development more strongly than in electricity, are characterized. Secondly, in order to characterize the potential for development of competition, the main traits of each national gas market are identified in terms of market attractiveness and market accessibility for the incumbents competitors. Thirdly, dynamics of market development towards market integration are inferred at European level from these characteristics and from the possibility for development of new forms of gas trade between foreign producers, suppliers and users at national level. (A.L.B.)

  3. You Cannot Live of Love Alone – The Interrelation of Legitimacy and Effectuation in Nascent Markets

    DEFF Research Database (Denmark)

    Günzel-Jensen, Franziska; Rask, Morten

    2015-01-01

    This paper explores how success in legitimacy building can create restrictions and problems for new venture’s development in highly volatile settings. Through a longitudinal single in-depth case study in the nascent e-mobility market, we uncover unwanted effects of this process. In a nascent market...

  4. Natural gas marketing II

    International Nuclear Information System (INIS)

    Anon.

    1988-01-01

    This book covers all aspects of gas marketing, from the basic regulatory structure to the latest developments in negotiating agreements and locating markets. Topics include: Federal regulation of the gas industry; Fundamentals of gas marketing contracts; FERC actions encouraging competitive markets; Marketing conditions from the pipelines' perspective; State non-utility regulation of natural gas production, transportation, and marketing; Natural gas wellhead agreements and tariffs; Natural gas processing agreements; Effective management of producer's natural gas contracts; Producer-pipeline litigation; Natural gas purchasing from the perspective of industrial gas users; Gas marketing by co-owners: problems of disproportionate sales, gas balancing, and accounting to royalty owners; Alternatives and new directions in marketing

  5. The natural gas market

    International Nuclear Information System (INIS)

    Lagrasta, F.; Kaminski, V.; Prevatt, R.

    1999-01-01

    This chapter presents a brief history of the natural gas market highlighting the changes in the gas market and examining risk management in practice detailing the types of price risks, and the use of hedging using forwards and swaps. Options to manage risk are identified, and the role of risk management in financing, the role of the intermediary, and the market outlook are discussed. Panels describing the market structure, storage and natural gas risk management, the art of risk management, the winter 1995-96 basis blowout, spark spreads, the UK gas market and Europe, and weather derivatives are presented

  6. Gas marketers and producers

    Energy Technology Data Exchange (ETDEWEB)

    MacDonald, K. [ProGas Limited, Calgary, AB (Canada)

    1997-12-31

    A gas marketer`s perspective on the market drivers in the energy industry was presented. A popular assumption amongst gas marketers is that competition will result in a more efficient marketplace with lower prices for consumers. This author contends that it is unclear whether the changes that are occurring in the natural gas industry will, in fact, lead to a truly competitive market. In the twenty years that ProGas has been marketing gas, it has seen many changes in the way in which natural gas is marketed in North America. Some of these changes and the potential for a scenario in which the effect of deregulation would lead consumers from a regulated monopoly to an unregulated one, with no significant savings, were described. The primary beneficiaries and market drivers for deregulation are large industrial customers. Regulators hold the view that small residential consumers would receive the same benefits. Some of the reasons why this may not be the case, at least in the early years where stranded cost recovery would offset many of the benefits of deregulation, were outlined.

  7. Natural Gas Market Hubs

    Data.gov (United States)

    Department of Homeland Security — A hub is a physical transfer point for natural gas where several pipelines are connected. A market center is a hub where the operator offers services that facilitate...

  8. The gas market

    International Nuclear Information System (INIS)

    2015-01-01

    A first part proposes an overview of the current situation of the gas market and predictions regarding gas consumption and turnovers of gas producers and dealers, indication of important recent events, and a dashboard of the sector activity. A second part proposes an annual report on trends and on the competition context. It describes the activity structure (sector organisations, gas types, main customers, heating modes in French housing, tariff offers), indicates the main determining factors for the sector activity, describes the context (temperature evolution, thermal electricity production, production of the chemical industry, housing stock, natural gas consumption), analyses the evolution of the sector activity (trends, indicators), describes the sector economic structure (upstream sector, gas supply), and gives an overview of actors: historical suppliers, alternate suppliers, highlights of the sector, company rankings, and financial performance

  9. Natural gas marketing and transportation

    International Nuclear Information System (INIS)

    Anon.

    1991-01-01

    This book covers: Overview of the natural gas industry; Federal regulation of marketing and transportation; State regulation of transportation; Fundamentals of gas marketing contracts; Gas marketing options and strategies; End user agreements; Transportation on interstate pipelines; Administration of natural gas contracts; Structuring transactions with the nonconventional source fuels credit; Take-or-pay wars- a cautionary analysis for the future; Antitrust pitfalls in the natural gas industry; Producer imbalances; Natural gas futures for the complete novice; State non-utility regulation of production, transportation and marketing; Natural gas processing agreements and Disproportionate sales, gas balancing, and accounting to royalty owners

  10. Marketing San Juan Basin gas

    International Nuclear Information System (INIS)

    Posner, D.M.

    1988-01-01

    Marketing natural gas produced in the San Juan Basin of New Mexico and Colorado principally involves four gas pipeline companies with significant facilities in the basin. The system capacity, transportation rates, regulatory status, and market access of each of these companies is evaluated. Because of excess gas supplies available to these pipeline companies, producers can expect improved take levels and prices by selling gas directly to end users and utilities as opposed to selling gas to the pipelines for system supply. The complexities of transporting gas today suggest that the services of an independent gas marketing company may be beneficial to smaller producers with gas supplies in the San Juan Basin

  11. Gas suppliers meeting market opening

    International Nuclear Information System (INIS)

    Verberg, G.H.B.; Jaidah, N.K.; Eriksen, R.; Alvarez Pelegry, E.

    2003-01-01

    Natural gas, with its environmental advantages, will increase its development in the residential, professional and transportation markets. It will ensure the transition during the progressive implementation of more sustainable energy sources. This paper discusses some possible impacts of the deregulation on the future gas market (investments, risk management, competition, contracts). It is followed by a round table about the expectations of some gas producers (Qatar, Sweden) in front of the development of the European gas market (LNG projects, financing, contracts). (J.S.)

  12. Central European gas market perspectives

    International Nuclear Information System (INIS)

    Vanous, Jan

    1999-01-01

    This presentation deals with (1) Definition of the Central European market, (2) Factors driving up consumption of natural gas in Central and Eastern Europe, (3) Role of natural gas in regional energy consumption, (4) Position of natural gas in individual country markets, (5) Future sources of imported natural gas into the region. The Central European market are the eleven countries Albania, Bulgaria, Croatia, Czech Republic, Hungary, Macedonia, Poland, Romania, Serbia and Montenegro, Slovakia, and Slovenia, with a total population of 121 million. This market is comparable to combined France and Italy in terms of population, but only 30% of its size in terms of GDP

  13. The European natural gas market

    International Nuclear Information System (INIS)

    Hagland, Jan

    2001-01-01

    An increasing amount of natural gas is flowing into continental Europe, one of the largest gas markets in the world. There are three main sources of gas: Africa, Russia and Norway. Norway is an important supplier of gas, but may be vulnerable to competition. The demand for gas is increasing on a global basis and the largest increase is expected in Asia, followed by America and Europe. It is expected that Norwegian gas deliveries will be a principle source of natural gas for North Europe in the next years and that they will take an increasing part of the British market as the gas deliveries from the British shelf is going down. The European gas market is likely to become liberalized according to the EU's competition- and gas directives. This will not necessarily be a problem, and Norway may be able to increase the export of gas to Great Britain considerably from the year 2010, perhaps up to 40 billion standard m3 per year. Russia is expected to take an increased share of the European gas market, especially in East- and Central Europe, Germany and North Italy. But large investments in existing fields, new developments and new strategic pipelines are necessary

  14. Electric power and gas markets

    International Nuclear Information System (INIS)

    2001-01-01

    These two days organized by EFE in Paris, dealt with the european market of the gas and the electrical power. The first day developed the actual situation and the tendencies. The french market deregulation, the possibility of a united market and the energy transportation sector are discussed. The second day dealt with the new commercial technologies, the convergence of Gas and Electricity and the competing in a change world, the opportunities of the NTIC (new technologies of the information and communication). (A.L.B.)

  15. Natural gas market review 2006 - towards a global gas market

    International Nuclear Information System (INIS)

    2006-01-01

    Natural gas is essential to the world economy. Gas now accounts for almost a quarter of OECD primary energy requirements and is expected to become the second most important fuel in the world in the next decade. Industrial and residential consumers increasingly rely on natural gas to keep their houses warm, their lights on and their factories running. Meanwhile the gas industry itself has entered a new phase. Where gas used to be restricted to regional markets, it is now increasingly traded on a global scale. While gas production and transport requires long-term investment, now it is optimised on a short-term basis. Demand continues to grow, but local gas production has become much more expensive. How should we react? How will demand be satisfied? What changes are required to promote flexibility and trade? What are the implications for gas security, investment and interdependence? At stake is an opportunity to diversify supply and demand - but this goal is threatened by barriers to competition and investment. This book is the first of a new IEA publication series. It takes an unprecedented look at developments in natural gas to 2010, analysing not only the three IEA regions (Asia Pacific, North America and Europe) but also broader global trends, such as the interaction of pipeline gas with LNG which binds the regions together. The Review provides invaluable insights for understanding this dynamic market

  16. Natural gas market review 2006 - towards a global gas market

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    Natural gas is essential to the world economy. Gas now accounts for almost a quarter of OECD primary energy requirements and is expected to become the second most important fuel in the world in the next decade. Industrial and residential consumers increasingly rely on natural gas to keep their houses warm, their lights on and their factories running. Meanwhile the gas industry itself has entered a new phase. Where gas used to be restricted to regional markets, it is now increasingly traded on a global scale. While gas production and transport requires long-term investment, now it is optimised on a short-term basis. Demand continues to grow, but local gas production has become much more expensive. How should we react? How will demand be satisfied? What changes are required to promote flexibility and trade? What are the implications for gas security, investment and interdependence? At stake is an opportunity to diversify supply and demand - but this goal is threatened by barriers to competition and investment. This book is the first of a new IEA publication series. It takes an unprecedented look at developments in natural gas to 2010, analysing not only the three IEA regions (Asia Pacific, North America and Europe) but also broader global trends, such as the interaction of pipeline gas with LNG which binds the regions together. The Review provides invaluable insights for understanding this dynamic market.

  17. TTF stirs market for natural gas

    International Nuclear Information System (INIS)

    Meyboom, W.

    2007-01-01

    Recently, the Dutch company Air Products switched from Gasterra to the virtual gas market place TTF, taking along several of its own clients. Gasterra thus lost a major client for high calorific gas. The gas market is in full motion. TitleTransfer Facility is a virtual market place of the operator of the Dutch natural gas transport grid, Gas Transport Services. [mk] [nl

  18. Modelling gas markets - a survey

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-12-31

    This report reviews research of relevance to the analysis of present and future developments of the European natural gas market. The research activities considered are confined to (1) numerical models for gas markets, (2) analyses of energy demand, and (3) analyses of behaviour and cost structures in the transmission and distribution sector. Most of the market models are strictly micro economic and assume perfect competition or a game-theoretical equilibrium. They use sophisticated solution concepts, but very simplified specifications of supply and demand functions. Most of the research on demand is econometric analyses. These have more detailed model specification than have the aggregated market models. It is found, however, that the econometric literature based on neo-classical economics has not yielded unambiguous results and the specifications disregard important real world aspects of gas demand. The section on demand concludes that the extent of the gas grid is an important determinant for gas demand, but there has been virtually no research on what determines this variable. Data about transmission and distribution of gas in Europe is scarce and only a few non-econometric and virtually no econometric analyses are available. However, some conclusions can be made from relevant North American literature: (1) there has been significant autonomous technical progress in the transmission industry, (2) distribution costs strongly depend on geographical and other conditions, and (3) ownership, whether private or public, may be important for distribution costs and pricing policies. 56 refs., 3 figs., 1 tab.

  19. Modelling gas markets - a survey

    International Nuclear Information System (INIS)

    1997-01-01

    This report reviews research of relevance to the analysis of present and future developments of the European natural gas market. The research activities considered are confined to (1) numerical models for gas markets, (2) analyses of energy demand, and (3) analyses of behaviour and cost structures in the transmission and distribution sector. Most of the market models are strictly micro economic and assume perfect competition or a game-theoretical equilibrium. They use sophisticated solution concepts, but very simplified specifications of supply and demand functions. Most of the research on demand is econometric analyses. These have more detailed model specification than have the aggregated market models. It is found, however, that the econometric literature based on neo-classical economics has not yielded unambiguous results and the specifications disregard important real world aspects of gas demand. The section on demand concludes that the extent of the gas grid is an important determinant for gas demand, but there has been virtually no research on what determines this variable. Data about transmission and distribution of gas in Europe is scarce and only a few non-econometric and virtually no econometric analyses are available. However, some conclusions can be made from relevant North American literature: (1) there has been significant autonomous technical progress in the transmission industry, (2) distribution costs strongly depend on geographical and other conditions, and (3) ownership, whether private or public, may be important for distribution costs and pricing policies. 56 refs., 3 figs., 1 tab

  20. North American Natural Gas Markets

    International Nuclear Information System (INIS)

    1988-12-01

    This report sunnnarizes the research by an Energy Modeling Forum working group on the evolution of the North American natural gas markets between now and 2010. The group's findings are based partly on the results of a set of economic models of the natural gas industry that were run for four scenarios representing significantly different conditions: two oil price scenarios (upper and lower), a smaller total US resource base (low US resource case), and increased potential gas demand for electric generation (high US demand case). Several issues, such as the direction of regulatory policy and the size of the gas resource base, were analyzed separately without the use of models

  1. North American Natural Gas Markets

    International Nuclear Information System (INIS)

    1989-02-01

    This report summarizes die research by an Energy Modeling Forum working group on the evolution of the North American natural gas markets between now and 2010. The group's findings are based partly on the results of a set of economic models of the natural gas industry that were run for four scenarios representing significantly different conditions: two oil price scenarios (upper and lower), a smaller total US resource base (low US resource case), and increased potential gas demand for electric generation (high US demand case). Several issues, such as the direction of regulatory policy and the size of the gas resource base, were analyzed separately without the use of models

  2. The European Natural Gas Market

    NARCIS (Netherlands)

    Correlje, A.F.

    The European Union started the introduction of competition in the European market for natural gas. Today, mid-2016, the process of restructuring is still going on. In parallel, important changes in geopolitical, environmental and technological determinants can be observed in the European and global

  3. Deregulation of the gas market

    International Nuclear Information System (INIS)

    Beasley, A.

    1996-01-01

    Australia's gas sector is changing rapidly as a result of competition policy and industry reform. Open access provides the opportunity for greater direct producer and non utility sales. These direct sales have grown from around one quarter of the total sales in 1991 to around 42% at present. The introduction of micro-economic reform initiatives by Government is expected to allow the gas industry to forge ahead and compete on a national scale, rather than the traditional state-based marketing arrangements. 2 figs

  4. Gas marketing strategies for Ontario producers

    International Nuclear Information System (INIS)

    Walsh, P.R.

    2000-01-01

    Activity in natural gas exploration and production in the province of Ontario has recently increased due to higher natural gas prices. This paper discussed the issue of how the gas from the new reserves should be marketed. A review of historical pricing and consumption patterns was also presented to better identify how prices of natural gas are determined in Ontario and to forecast the future demand for natural gas. The first trend of interest is the increased use of natural gas in generating electricity to meet cooling needs in the summer months. The second trend is the increase in gas consumption by the industrial sector resulting from increases in process load. Several marketing options are available to Ontario natural gas producers. They can market their gas to third parties at various trading points in the province or they can market it directly to Union Gas Limited, the local gas utility. This paper briefly described how a gas supply contract works with the union, how gas marketing agreement is conducted with a gas marketer, and how a gas marketing arrangement works with a consultant. Some of the pitfalls of marketing natural gas were also described and some recommended some strategies for selling natural gas in the future were presented. 7 figs

  5. Russian gas in the west European market

    International Nuclear Information System (INIS)

    Nikitin, B.A.

    1996-01-01

    The paper relates to the Russian supply of natural gas to the west European market. Following themes are discussed: The resource basis of the gas industry; analysis of the European gas market; projects for Russian gas supply to Europe; international co-operation

  6. Which way for Europe's gas storage market?

    International Nuclear Information System (INIS)

    Hureau, Geoffroy; Cornot-Gandolphe, Sylvie

    2013-06-01

    This slide show presents in a first part the 2013 Situation of the European gas storage market (Capacity, Gas Demand vs. Gas Storage, Spreads and Volatility, LNG effect, Storage Price, Utilization of Storage Facilities, Security of supply). The future of European Gas Demand and Supply are presented in a second part (Demand and Supply Factors, Market Liberalization, Estimates of European UGS Needs by 2030, Planned Working Gas Capacities in Europe)

  7. Australian natural gas market outlook

    International Nuclear Information System (INIS)

    Anon.

    2004-01-01

    A new study of the Australian natural gas industry by leading Australian economics and policy consultancy ACIL Tasman highlights the significant supply and demand side uncertainties currently facing the industry. The ACIL Tasman 'Australian Gas Market Review and Outlook 2004' study presents modelling results for three supply/demand scenarios in Eastern Australia and two in Western Australia. The results show that, even under moderate assumptions about future levels of gas demand growth, major supply-side investment is likely to be needed over the next ten to fifteen years. The base supply/demand scenario for Eastern Australia and Northern Territory, illustrated in Figure 1, shows that even allowing for substantial new discoveries in existing production basins and major expansion of coal seam methane production, in the absence of a northern gas connection to the eastern states (Timor Sea or PNG Highlands) a significant supply gap will begin to emerge from around 2013. The study identifies several supply-side options for Eastern Australia - new discoveries in the established production provinces in Bass Strait and Central Australia; greenfield developments such as the Otway Basin offshore from Victoria and South Australia; continuing expansion of coal seam methane production in Queensland and New South Wales; and gas from Papua New Guinea, Timor Sea or from the North West Shelf region delivered via a trans-continental pipeline. The study concludes that it is unlikely that any single option will suffice to meet future demand. Almost inevitably, a combination of these sources will be needed if anticipated growth opportunities are to be met. With regard to prices, the study shows that in the short to medium term the outlook is for some real reductions in wholesale prices in most regional markets. This reflects increasing levels of upstream competition and declining real costs of pipeline transportation. However in the longer term, supply-side constraints will tend to

  8. Eesti Gas, Estonia. Sales and marketing course

    International Nuclear Information System (INIS)

    1994-01-01

    A weekly sales and marketing course was organized by the Dansk Olie and Naturgas (the National Oil and Gas Company of Denmark) in Denmark for the Eesti Gas representatives. The program encompassed a survey of the Danish natural gas marketing, sales to the gas utilities and to industry, use of the natural gas in cogeneration plants and the gas pricing as an instrument of economic and environmental policy. Examples of negotiations with Danish industrial and municipal consumers were presented. Competitiveness of natural gas compared to other energy sources was discussed, taxation principles considered. (EG)

  9. Market failures and government policies in gas markets

    International Nuclear Information System (INIS)

    Mulder, M; Zwart, G.

    2006-02-01

    This memorandum analyses the fundamental characteristics of the natural gas market and its consequences for government policies. In the past, the European gas market was dominated by state-owned monopolists but since the start of the liberalisation, privatisation and re-regulation in the early 1990s, the market has fundamentally changed. Nevertheless, governments are still involved in the gas industry, not only in gas exporting countries such as Russia, but also in a country like the Netherlands where the government has imposed a cap on production from the main gas field (Groningen) as well as owns shares in the main wholesale trader (Gasunie Trade and Supply) which has the obligation to accept all gas offered by producers on the small fields. In the main report of this project we present a cost-benefit analysis of the Dutch gas-depletion policy. In this memorandum we explore the natural-gas market more broadly, looking for factors why government intervention may be needed using the welfare-economic approach according to which government intervention should be based on the presence of market failures. After a brief description of the main characteristics of the gas industry, we systematically analyse sources of market failures, such as geopolitical factors, economies of scale and externalities, and finally go into the question which policy options may be chosen to address those market failures

  10. The Victorian gas market: debunking the myths

    International Nuclear Information System (INIS)

    Grimwade, T

    2001-01-01

    The Victorian wholesale gas spot market has operated effectively and trouble-free for over two years. VENCorp's Executive Manager of Energy Markets, reflects on the market experiences to date, and argues that Victoria's physical pipeline system characteristics require its market to be 'different' from those in the other States in Australia. The Victorian gas transmission system in not predominantly comprised of a single point-to-point pipeline; it is rather a 'meshed' network, with multiple point of supply. Gas flow on substantial sections of the transmission pipeline can be bi-directional, depending on market and demand conditions. Consequently, Victoria's wholesale spot market has been designed to address operational and market issues due to the physical characteristics of the Victorian gas pipeline system

  11. British Columbia natural gas: Core market policy

    International Nuclear Information System (INIS)

    1988-06-01

    The core market for natural gas in British Columbia is defined as all natural gas consumers in the residential, institutional, commercial, and industrial sectors not currently purchasing natural gas directly and not exempted from the core market by the British Columbia Utilities Commission (BCUC). The intent of the definition is to include all customers who must be protected by contracts which ensure long-term security of supply and stable prices. Core market customers are excluded from direct natural gas purchase and will be served by distribution utilities. A customer may apply to BCUC to leave the core market; such an application may be approved if it is demonstrated that the customer has adequate long-term natural gas supplies or alternative fuel supplies to protect him from supply interruptions. The non-core market is defined as all large industrial customers who elect to make their own natural gas supply arrangements and who can demonstrate to the BCUC sufficient long-term natural gas supply protection or alternative fuel capability to ensure security of the industry. Non-core market customers have full and open access to the competitive natural gas market. The British Columbia government will not apply its core market policy to other jurisdictions through Energy Removal Certificates

  12. The new East Coast natural gas market

    International Nuclear Information System (INIS)

    MacLean, I.; Cowan, N.

    1998-01-01

    Market demand for natural gas in Canada's Maritime provinces was discussed. The Atlantic market represents the largest potential region, currently without access to natural gas in Canada or the United States. Maritimes and Northeast Pipelines and the Sable Offshore Energy partners have made great efforts to introduce and market natural gas as well as to provide pipeline transportation services in the Maritimes and New England markets. Maritimes and Northeast Pipelines is a partnership project with Westcoast Energy, Mobil Oil, and Duke Energy. Theirs is the first pipeline project to deliver gas, but it will certainly not be the last gas project in the region. Maritimes and Northeast Pipelines now has 180,000 MMBtu/day of phased-in Canadian load committed to firm service agreements for delivery in the first 24 months of operation. In addition to these firm service agreements, an additional 60,000 MMBtu/day is signed for future lateral extensions to service emerging markets. figs

  13. OIL AND GAS FUTURES AND OPTIONS MARKET

    Directory of Open Access Journals (Sweden)

    Ante Nosić

    2017-01-01

    Full Text Available Energy mineral resources markets are represented by complex supply and demand ratios which are depending on different factors such as technical (transport and geopolitical. The main specific of energy markets is represented by an uneven geographic distribution of hydrocarbon reserves and exploration on one hand and energy consumption on the other. World oil markets, although geographically localized, because of specific market trade, represent unique global market with decreasing price difference. Price differences are result of development of a transport possibilities of oil supply. Development of transport routes of natural gas and increasing number of liquefied natural gas terminals in the world give pressure to natural gas market and its integration into global gas market. Integration of regional gas markets into a common European gas market is main energy policy of EU concerning natural gas. On the other hand, there are still significant price differences on some markets (e.g. United States of America - South East Asia. Development of global energy markets is enabled by development of a futures and options contracts of an energy trade which have replaced bilateral contract deals between producers and consumers. Futures contracts are standardized contracts traded on exchanges. Buyer agrees to buy certain quantity of stock for an agreed upon price and with some future delivery date. Option is a contract which gives a buyer the option of the right to buy (or sell, depending on the option an asset at predetermined price and at a later date. Stocks price risk can be managed with the purchase and selling futures and options contracts. This paper deals with futures and options energy markets and their market strategies.

  14. Evolution of gas markets and energy security

    Energy Technology Data Exchange (ETDEWEB)

    Mitrova, Tatiana

    2007-07-01

    Questions of energy security and international gas trade became indissolubly connected during the last years. Paradoxically during the evolution of natural gas markets concerns about security issues in gas trade are only growing at the same time as transaction costs. Market participants have developed several mechanisms of adaptation (vertical integration, mutual penetration of capital and long-term contracts) which should be regarded not as a market failure but as an essential part of energy security guarantees at the moment. Further gas market evolution will demand more unified institutional framework to decrease threats to energy security and transaction costs. But this framework should be a result of mutual compromise of all market participants. (auth)

  15. The liberalization of gas markets in Europe

    International Nuclear Information System (INIS)

    Lecarpentier, A.

    2006-01-01

    On June 22, 1998 all EU Member States unanimously approved Directive 98/30/EC, the so-called Gas Directive, which paved the way for far-reaching changes in the European gas sector and for the establishment of an internal gas market. Five years have elapsed since it was transposed into national law and although markets have started to open up, their rate of progress varies. The next milestone in achieving a fully competitive European market is July 1, 2007, but there are still many obstacles to overcome. (author)

  16. Gas markets and pricing in Asia

    International Nuclear Information System (INIS)

    Mashayekhi, A.; Law, P.L.

    1992-01-01

    The issues of natural gas market development and pricing are reviewed within the context of specific Asian countries where gas plays an important role. Within Southeast Asia, Malaysia's Penninsular Gas Utilization project signals a new era in pipeline gas trade with an agreement to supply Singapore. There is now also an opportunity to extend Malaysian pipeline supplies to Thailand, which is actively seeking natural gas from neighboring countries. The prospects for LNG are dominated by the high growth markets of Japan, South Korea, and Taiwan. LNG trade has tended to bind the region together through close economic ties. Due to the increasing damand within the supplier countries themselves and their close neighbors, it is likely that LNG consumers will increasingly need to look beyond their traditional Southeast Asian suppliers in the future, perhaps to higher cost LNG schemes outside the region. In Southeast Asia, reduction of the high volumes of associated gas currently flared from the Bombay High Field in India will not only make big contribution to meeting the country's future gas demand, but will also prove environmentally beneficial. Pakistan, in order to control its developing gas markets, has raised gas prices to consumers substantially, with beneficial effects on supply and demand. In Bangladesh, economic pricing has been important in allocating gas resources efficiently. At both the regional and global level, the link between gas use and the environment is becoming stronger, raising the question of relating gas and energy prices to environmental costs and benefits

  17. The European gas market players. 2001 edition

    International Nuclear Information System (INIS)

    Mintz, J.

    2001-01-01

    The European gas industry has embarked on a new era, driven by new Community regulations as well as the growth of gas demand due to the undeniable and economic and environmental advantages offered by this energy source, as well as the dynamism of the main players. The year 2000 will remain marked by the vigour and steady growth of the European gas market: production (278.5 Bcm), trade (248.1 Bcm) and consumption (414.3 Bcm), setting new records. And besides, the growth forecasts for gas demand in Europe, while masking differences between countries, remain highly optimistic for the coming decade. In this context of sweeping upheavals of the European gas market, combined with sharply growing demand, this report aims to describe the principal players of the market in 2000, as well as the developments registered by them since 1996, the date of the first report on The European Gas Market Players. A special effort has been made to place the European results of the different players in perspective with respect to their worldwide activities. Who produces natural gas in Europe*, who holds the reserves, who imports it, who exports, who sells it, how are the different European markets organized, who are the shareholders of the merchant gas companies, and what are the current holdings of these companies? These are the questions that this report addresses. A final chapter is dedicated to the principal transformations that have affected the European gas industry in recent years. By this synthetic and transverse view of the European gas market, the study details the evolution, role and positioning of the leading players. This document also proposes a precise view of the organization of the different domestic markets in 2000. (author)

  18. Norwegian Natural Gas. Liberalization of the European Gas Market

    International Nuclear Information System (INIS)

    Austvik, Ole Gunnar

    2003-01-01

    Leading abstract. This book focuses on issues that are important for Norway as a major gas exporter and to the development of a liberalized European market. Chapter 2 explains main features of the European gas market. Natural gas is sold in regional markets with independent pricing structure and particularities. In Europe, this has led to large investments for the producers and long-term contracts. The strong market growth and EU's actions to liberalize the market may change this. The organization of the Norwegian gas production and sale is discussed, as well as the reorganization taking place in 2001. Pricing mechanisms are discussed in Chapter 3, both in the ''old'' / existing structure and how a liberalization of the market may change price formation. The increased importance of energy taxation in EU countries is covered in Chapter 4. Even though natural gas is the most environmentally friendly of the fossil fuels, the use of natural gas may be taxed far harder in the future. The report discusses price effects of such a development. Chapter 5 discusses whether or not a gas producer, like Norway, necessarily must earn a resource rent. With the use of economic theory for exhaustible resources it is shown how prices to consumers may increase at the same time as prices to producers drop, where the difference is made up by higher gas taxes to the consuming countries. Transportation of natural gas involves considerable scale advantages and there are often scope advantages from production, storage and sale, as well. Chapter 6 discusses how competition and regulation may influence the functioning and social efficiency of the market, and the concentration of market power. When companies become large, they may exploit market power, supported by the authorities of their respective countries. Chapter 7 focuses on regulatory challenges for the EU, and how the transporters may change between conflicting and cooperation with the EU. Chapter 8 focuses on schedules for

  19. Opening of the French gas market

    International Nuclear Information System (INIS)

    Syrota, J.

    2002-01-01

    A report on the opening of the French gas market has been established, on the request of both the French minister of economy, finances and industry and the state secretary of industry, as expressed in their respective letters addressed to the president of the commission of electric power regulation (CRE). This report follows the step report on the opening of the French gas market published on January 15, 2002. It presents a status of the French gas market since August 2000, date of the enforcement of the European Union directive 98/30/CE, and expresses some recommendations about the main questions that should fall into the field of the future gas regulation. This report was elaborated before the project of law relative to the energy markets and published on October 24, 2002. These recommendations will have to be adapted to the dispositions of the law. This article presents some excerpts of the synthesis report. (J.S.)

  20. Norwegian gas on the European market

    International Nuclear Information System (INIS)

    Noreng, Oeystein

    1999-01-01

    Article. Norsk Hydro's acquisition of Saga has made the organization of Norwegian gas sales a very topical issue. Traditionally, Norwegian gas has been sold on long-term take-or-pay contracts where the sales volume is secured and the price is linked to the prices of other energy carriers, primarily oil. Norway has sold large volumes of gas to the continent and has an increasing share of the market. However, the long-term contracts place most of the price risk on the seller. Although the sale is guaranteed, earnings are low. Statoil, the largest seller of Norwegian gas, has so far earned much more by transporting the gas to the continent than by producing and selling it. The long-term take-or-pay contracts are no longer safe. In Germany, the power market is quickly opening for competition, implying falling prices and lapsing long-term contracts. A similar development is likely to occur in the gas market. From Norwegian quarters there has been little interest in establishing oneself in the gas markets on the continent, which worries the author. However, the traditional contracts will have to be renegotiated so that the prices will reflect the real competition in the market. It is argued that a sensible Norwegian strategy will be to prepare for a new world for gas, not to hold tight to historical positions. It is suggested that old plans to establish a gas transport company, Gassledd, should be revived. Such a company would be subject to the European Gas Directive and would have to admit a third party. It is likely that the Norwegian opposition to liberalization of the European gas market will one day appear poorly thought out, and that defensive considerations have overshadowed new opportunities

  1. Gas market prospects in Europe

    International Nuclear Information System (INIS)

    Rissanen, E.

    1992-01-01

    Gas demand in Europe may rise 50 to 70% during the next 20 years. The most weighty reasons for the increase would be a robust increase of gas-fuelled power generation, the gas use for abating environmental pollution and a remarkable replacement of coal and oil by gas. A dilemma will be whether a sufficient volume of gas is available particularly for Eastern Europe. The total indigenous production and the imports from existing sources cannot increase sufficiently. Other reasons for new imports are diversification and security of supplies and a short lifetime of domestic reserves. Potential sources to import incremental gas and their shares could be as follows: Algeria and Libya 15 - 20%, Russia 20 - 35%, overseas imports as LNG (liquefied natural gas) 20 - 35% and Iran by pipeline 20 - 25%. 1 tab

  2. Examining market power in the European natural gas market

    International Nuclear Information System (INIS)

    Egging, R.G.; Gabriel, S.A.

    2006-01-01

    In this paper, we develop a mixed complementarity equilibrium model for the European natural gas market. This model has producers as Cournot players with conjectured supply functions relative to their rivals. As such, these producers can withhold production to increase downstream prices for greater profits. The other players are taken to be perfectly competitive and are combined with extensive pipeline, seasonal, and other data reflecting the current state of the market. Four market scenarios are run to analyze the extent of market power by these producers as well as the importance of pipeline and storage capacity. (author)

  3. Examining market power in the European natural gas market

    International Nuclear Information System (INIS)

    Egging, Rudolf G.; Gabriel, Steven A.

    2006-01-01

    In this paper, we develop a mixed complementarity equilibrium model for the European natural gas market. This model has producers as Cournot players with conjectured supply functions relative to their rivals. As such, these producers can withhold production to increase downstream prices for greater profits. The other players are taken to be perfectly competitive and are combined with extensive pipeline, seasonal, and other data reflecting the current state of the market. Four market scenarios are run to analyze the extent of market power by these producers as well as the importance of pipeline and storage capacity

  4. The European Gas Market. A Reality Check

    International Nuclear Information System (INIS)

    Parmigiani, Laura

    2013-01-01

    With the approach of the 2014 deadline for the completion of a truly European liberalised energy market, there is growing concern on the adequacy of the market structure with the changed economic and geopolitical environment. Market-based and short-term approaches have been fostered for both gas and electricity markets. Energy and climate policies have therefore a primary function in designing the basic rules for these markets to develop. This study addresses two key issues related to the market design envisaged for the gas sector in Europe. The first raises questions about the adequacy of the market design proposed for the gas market with respect to security of supply. In fact, despite a higher dependence to external gas sources, the gas system has been developing all over Europe and it is becoming a key component of the European energy mix, in particular thanks to its back-up role for intermittent electricity generation and its lower content of CO 2 emissions with respect to coal. The external dimension of the gas market is thus taking a greater place in the approach to gas supply strategies. Security of supply is a key component in the gas sector and cannot be ignored in the creation of a European gas market. Moreover, the oligopolistic characteristic of the supply side has to be carefully assessed as it is well recognized that two countries (Norway and Russia) provide up to almost 60% of total external supplies. The study therefore investigates to what extent the gas market design and its implementation rules take into consideration this dimension. It will be argued that the gas target model envisaged by regulators and the EC, by aiming at increasing the number of market exchanges based on market hubs or virtual exchange points, will not significantly contribute to security of supply. On the contrary, a greater concentration could be an undesired outcome of this process. The second issue thus relates to the more practical on-going reforms that establish common

  5. Gas markets: A promising tomorrow starts today

    International Nuclear Information System (INIS)

    Safrance, C.F.

    1991-01-01

    The current state of the natural gas market and the new opportunities provided by the high availability and low price in Ontario are reviewed. Direct purchase opportunities have stimulated renewed interest in natural gas for large-volume users, and aggressive promotion by brokers in central markets has seen expanded use of natural gas by clients who would otherwise be using alternative energy sources. New market segments expected to realize significant gains are outlined. These include gas-fired cogeneration or combined cycle power generation, which could represent an incremental gas load of 100-150 billion ft 3 in the short to medium term. Such a development will be aided by a recently announced Ontario Hydro target of increasing non-utility generation from 2,100 MW to 3,100 MW by the year 2000, and by a government policy to replace electric heating in social housing projects with gas heating. Other market opportunities are in natural gas cooling systems and in the transportation sector, where natural gas fuelled vehicles are being introduced to urban transit systems, taxis, and courier fleets

  6. Greenhouse-gas-trading markets.

    Science.gov (United States)

    Sandor, Richard; Walsh, Michael; Marques, Rafael

    2002-08-15

    This paper summarizes the extension of new market mechanisms for environmental services, explains of the importance of generating price information indicative of the cost of mitigating greenhouse gases (GHGs) and presents the rationale and objectives for pilot GHG-trading markets. It also describes the steps being taken to define and launch pilot carbon markets in North America and Europe and reviews the key issues related to incorporating carbon sequestration into an emissions-trading market. There is an emerging consensus to employ market mechanisms to help address the threat of human-induced climate changes. Carbon-trading markets are now in development around the world. A UK market is set to launch in 2002, and the European Commission has called for a 2005 launch of an European Union (EU)-wide market, and a voluntary carbon market is now in formation in North America. These markets represent an initial step in resolving a fundamental problem in defining and implementing appropriate policy actions to address climate change. Policymakers currently suffer from two major information gaps: the economic value of potential damages arising from climate changes are highly uncertain, and there is a lack of reliable information on the cost of mitigating GHGs. These twin gaps significantly reduce the quality of the climate policy debate. The Chicago Climate Exchange, for which the authors serve as lead designers, is intended to provide an organized carbon-trading market involving energy, industry and carbon sequestration in forests and farms. Trading among these diverse sectors will provide price discovery that will help clarify the cost of combating climate change when a wide range of mitigation options is employed. By closing the information gap on mitigation costs, society and policymakers will be far better prepared to identify and implement optimal policies for managing the risks associated with climate change. Establishment of practical experience in providing

  7. Canadian markets for east coast gas

    International Nuclear Information System (INIS)

    Cowan, N.

    1998-01-01

    Markets for natural gas in Canada's Maritime provinces were discussed. Maritime markets are the largest potential region, currently without access to natural gas, in Canada or the United States. Total market potential was estimated at 430,000 MMBtu/day or in excess of 150 BCF annually, with most market potential distribution in Halifax, Nova Scotia and in the Saint John, New Brunswick area. Maritimes and Northeast Pipeline is involved in a joint effort with Westcoast Energy Inc., Duke Energy, and Mobil Oil Canada in bringing the Sable Gas resources to market. Details of the Sable offshore project were provided. The project involves the development of six separate gas fields located near Sable Island, on the Scotian Shelf, approximately 250 km off the coast of Nova Scotia. The six fields under development represent about 3.5 trillion cubic feet of proven gas supply. Another two trillion cubic feet of gas has been discovered in nearby pools. There is an estimated additional 13 trillion cubic feet of potential gas reserve in the Scotian Shelf region. The two billion dollar offshore project involves twenty-eight production wells, construction and installation of six platforms and a 225 km long two-phase pipeline from the central platform that will transport the product to shore. A gas plant will be constructed on-shore at Goldboro at which point the liquids will be stripped from the gas stream and transported by an onshore pipeline to Point Tupper, Cape Breton Island, to a fractionation facility for further market processing

  8. Eastern Canada natural gas market development

    International Nuclear Information System (INIS)

    Laird, N.

    2001-01-01

    An overview an update of PanCanadian's exploration operations in Atlantic Canada was presented along with market delivery options. PanCanadian is one of Canada's largest natural gas producers and the most active Canadian driller with 2,479 wells. With its' 94 per cent success rate, the company is emerging as an international exploration success and is marketing energy throughout North America. In terms of marketing natural gas, PanCanadian is ranked twelfth of 68 suppliers in customer satisfaction. The company also markets about 10 per cent of western crude production and is the second largest Canadian marketer for natural gas liquids. Also, with the deregulation of electricity in Alberta, PanCanadian is constructing two 106 megawatt power plants in Alberta to provide electricity to Southern Alberta and to take advantage of the economics of energy conversion. PanCanadian also has a dominant, 20 per cent position in the Scotia Shelf and has plans for offshore processing. Graphs depicting its Deep Panuke operations and pipeline routes to market the natural gas were included. Forecast charts for natural gas demand show a steady increase in demand from 2000 to 2010. tabs., figs

  9. Gas and electricity 2001: new market mechanisms

    International Nuclear Information System (INIS)

    2001-11-01

    This document brings together 15 testimonies of experts about the opening of gas and electricity markets: 1 - from the opening of the electricity market to the future deregulation of the gas market: what are the new rules of the world energy market? Gaz de France's strategy in front of the opening of the market. The problem of the gas supplies in Europe in the framework of the opening of markets; 2 - Is the access to the network the same for everybody: the regulation authority as catalyst of the electricity market; the technical network constraints and the conditions of access to the transport and interconnections; the regulatory and contractual framework of the access to interconnections; how a foreign producer can warrant the supply of electricity in France; 3 - which global offer and which new services to be supplied to clients today: what is the global offer of a new actor? Power supply and associated services: what is the global offer of new actors to answer the client's needs? 4 - What are the expectations and choices of consumers in a de-regulated environment; definitions and implementations of new European strategies of purchase: how the purchaser work has changed? 5 - What is the place of the energy trade: the implementation of the electricity stock exchange in France: Powernext. How to manage risks associated to a gas/electricity assets portfolio? (J.S.)

  10. Effects of a Liberalized European Gas Market

    Energy Technology Data Exchange (ETDEWEB)

    Austvik, Ole Gunnar

    2003-07-01

    After World War II a position that for some time was called ''left-liberal'' tried to reconcile the values of individual freedom with social justice and a more egalitarian distribution of income. According to this perception, the government should let markets work if they satisfy social goals. However, if markets are non-competitive, either by nature or cartelization, often a public authority or a regulator must intervene in order to secure social goals, such as the provision of important goods and services, to avoid excessive pricing practices etc. If the results from competitive markets achieved either by actual competition or by public regulations bring about unacceptable injustice or inequality between persons, groups or regions, governments should intervene to correct this by redistributing income through taxes and subsidies, partnership schemes with the industry, and so on. For the functioning of natural gas markets, the most crucial element is the cost of, and access to, transportation. Cost of gas transportation is often characterized by strong elements of scale and scope economies, making transporting firms natural monopolies in the markets in which they operate. In Europe, many public utilities operating as natural monopolies were nationalized in the aftermath of World War II. Being monopolists by nature (but sometimes only by law) they were considered bottlenecks in the development of each nation's competitiveness. Probably the most frequently used argument explaining these firms' inefficient use of resources, has been the lack of competition. Liberalization of a market represents a departure from the ''one management'' approach. However, the particular aspect of by-nature non-competitive markets, such as major parts of the European gas market, is that the goals of competition cannot be achieved only by removal of trade barriers. If the most efficient operation of a market is done by one, or only a few

  11. Effects of a Liberalized European Gas Market

    International Nuclear Information System (INIS)

    Austvik, Ole Gunnar

    2003-01-01

    After World War II a position that for some time was called ''left-liberal'' tried to reconcile the values of individual freedom with social justice and a more egalitarian distribution of income. According to this perception, the government should let markets work if they satisfy social goals. However, if markets are non-competitive, either by nature or cartelization, often a public authority or a regulator must intervene in order to secure social goals, such as the provision of important goods and services, to avoid excessive pricing practices etc. If the results from competitive markets achieved either by actual competition or by public regulations bring about unacceptable injustice or inequality between persons, groups or regions, governments should intervene to correct this by redistributing income through taxes and subsidies, partnership schemes with the industry, and so on. For the functioning of natural gas markets, the most crucial element is the cost of, and access to, transportation. Cost of gas transportation is often characterized by strong elements of scale and scope economies, making transporting firms natural monopolies in the markets in which they operate. In Europe, many public utilities operating as natural monopolies were nationalized in the aftermath of World War II. Being monopolists by nature (but sometimes only by law) they were considered bottlenecks in the development of each nation's competitiveness. Probably the most frequently used argument explaining these firms' inefficient use of resources, has been the lack of competition. Liberalization of a market represents a departure from the ''one management'' approach. However, the particular aspect of by-nature non-competitive markets, such as major parts of the European gas market, is that the goals of competition cannot be achieved only by removal of trade barriers. If the most efficient operation of a market is done by one, or only a few, firms, these must be made to behave in a way that

  12. Competitive natural gas market situation and prospects

    International Nuclear Information System (INIS)

    Cazzola, C.; Grillo, M.

    1998-01-01

    This article evaluates the prospects for achieving a competitive market in the natural gas industry, according to the common rules for the internal market established by the Directive 98/30/CE of 22 June 1998. Firstly, for the organisation of the access to the system, the regulated, rather than the negotiated, procedure would ensure a better opportunity to promote competition in the market. Secondly, the establishment of a competitive market calls for the effective separation of the phases of production characterized by natural monopoly from the phases which may be developed in a competitive setting [it

  13. Natural gas - Market and environmental needs

    International Nuclear Information System (INIS)

    Beyer, R.

    1995-01-01

    The paper discusses the natural gas market and environmental needs with topics as follow: Importance of the North Sea region; sustainable development on the balance between economic use and environmental protection; role of natural gas in meeting energy demand: market needs, technologies, environmental aspects. According to the author, natural gas causes minimal pollutants because it contains virtually no pollutant-forming substances such as heavy metals, sulphur, chlorine or fluorine. No solid residues exist in the combustion space such as ash, slag, dust or soot, and the formation of thermal NO x through natural gas combustion has decreased to a very large extent as a result of technical advances. Natural gas can make a significant contribution towards reducing CO 2 emissions due to its very high hydrogen content. 12 figs

  14. Evolution and perspectives of gas market

    International Nuclear Information System (INIS)

    Russo, S.

    1998-01-01

    The gas market in Europe, and thus in Italy, will see great changes as regards the market, the deployment of forces on the ground, the structure of the demand and, in the longer term, that of the offer. It is important to look at the future after having gone through, although in brief, the stages of the development of the gas market in Europe and in Italy, from the origins, in the years 1950-60, up today. It is not difficult to see how the organization of the market, up to now, has been oriented prevailingly at the development and at the security of supplies to the consumer. The future will focus on the improvement of the global efficiency of the gas system with the aim of reducing costs, yet for the final users. The realization of this transition has already begun and it is demonstrated by the evolution of both the institutional and regulatory framework already under way, in Europe with the just approved gas directive, and in Italy with the appointment of the market regulation Authority. It is difficult challenge to which the gas industry will answer adequately [it

  15. Liquefied natural gas (LNG) market and Australia

    Science.gov (United States)

    Alam, Firoz; Alam, Quamrul; Reza, Suman; Khurshid-ul-Alam, S. M.; Saleque, Khondkar; Ahsan, Saifuddin

    2017-06-01

    As low carbon-emitting fossil fuel, the natural gas is mainly used for power generation and industrial applications. It is also used for heating and cooling in commercial and residential buildings as well as in transport industry. Although the natural gas reaches the end-user mainly through pipelines (if gas is available locally), the liquefied form is the most viable alternative to transport natural gas from far away location to the end user. The economic progress in Asia and other parts of the world creates huge demand for energy (oil, gas and coal). As low carbon-emitting fuel, the demand for gas especially in liquefied form is progressively rising. Having 7th largest shale gas reserve (437 trillion cubic feet recoverable), Australia has become one of the world's major natural gas producers and exporters and is expected to continue a dominating role in the world gas market in foreseeable future. This paper reviews Australia's current gas reserve, industries, markets and LNG production capabilities.

  16. Gas marketing: Does size equal survival?

    International Nuclear Information System (INIS)

    Katz, M.G.

    1996-01-01

    The thought is enough to make many homeowners cringe: competing natural gas marketers calling them at home in the evening, pushing their brands and services much like AT and T, MCI and Sprint hawk long-distance telephone service today. Another thought is enough to make many gas marketers cringe: a half-dozen or fewer giant mega-marketers selling virtually all the natural gas in the US, and they and their company are not among them. Yet both thoughts are likely to become realities, say many in the natural gas industry. If so, each would represent an intriguing turn of events for the newest segment of the industry, one that barely existed 10 or 15 years ago. The paper discusses the recent history of the gas marketing sector, the changes taking place in the industry, and the biggest problem--the lack of a uniform electronic standard or bulletin board system for dispatching, nominating, and monitoring gas purchase as they move across the country

  17. Natural gas markets in the Pacific Rim

    International Nuclear Information System (INIS)

    Hertzmark, D.I.

    1991-01-01

    In the 1980s, Asian energy markets expanded at a rapid rate to meet the surge in demand from Japan, South Korea, and Taiwan. This demand boom coincided with an increase in non-OPEC oil production in the region. As oil production stabilizes, demand appears to be surging again, but this time in the Southeast Asian countries. Natural gas will play a key role in this expansion of energy use and could start to lead rather than follow the oil market. This will be especially true as compressed natural gas and oxygenates start to take significant shares of the transportation fuel markets, while the role of residual fuel oil is increasingly usurped by gas for environmental reasons. Many new gas sources such as Papua New Guinea, Siberia, China, and Canada will fight for market share while domestic demand in Indonesia and Malaysia takes up increasing proportions of those countries' gas production. Extensive regional transportation schemes are likely to direct more of the gas output of Southeast Asia to intra-ASEAN uses. 2 tabs

  18. Electricity and gas market observatory 1. Quarter 2009

    International Nuclear Information System (INIS)

    2009-01-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1. of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status on March 31, 2009, Dynamic analysis: 1. Quarter 2009), The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market). B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on March 31. 2009, Dynamic analysis: 1. Quarter 2009), The wholesale gas market (Main steps in the French Wholesale gas market, Gas pricing and gas markets in Europe, The wholesale market in France, Prices on the French wholesale market and European comparison, Concentration of the French gas market) C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary

  19. Natural gas pipelines: emerging market challenges

    International Nuclear Information System (INIS)

    Smart, A.; Balfe, P

    2001-01-01

    The Australian gas industry has come a long way in recent years. Most of the formerly government owned gas transmission, distribution and retail businesses have been privatised; major utility companies have been fundamentally restructured; the convergence of energy markets has seen many companies stepping outside the boundaries of their traditional businesses; and national competition policy has led to profound changes in the regulatory landscape. Yet despite the magnitude of these changes, it is clear that the journey of competitive reform has a long way to go. The Australian Gas Association's Industry Development Strategy identifies the potential for gas to increase its share of Australia's primary energy market, from around 18 percent at present to 22 percent by 2005, and 28 percent by 2015. Our analysis, using ACIL's Eastern Australian Gas Model, clearly shows that in the absence of major new sources of gas, these challenging targets will not be met and, indeed, there will be an increasing supply shortfall. However, with the emergence of new competitive supply sources such as Papua New Guinea and the Timor Sea, our modelling suggests that most of this demand can be satisfied at prices which will maintain gas' competitiveness in energy markets. Such developments provide both opportunities and challenges for the industry. In particular, they will profoundly affect the owners and operators of transmission pipeline systems. (Authors)

  20. Competition and trade in Australian gas markets

    International Nuclear Information System (INIS)

    Holmes, Leanne; Mander, Sally

    1993-01-01

    Although Australia has large gas reserves, the bulk of reserves (about 80 per cent) are located on the North West Shelf, off Western Australia. On the other had, the major demand centres are located in the south east of the country. The relative scarcity of proven gas reserves close to major markets has meant that governments in the state and territories with reserves have a strong vested interest in the future use of the gas. Equally, governments in states and territories that do not have gas reserves are interested in securing future supplies. The scope for increasing competition and trade in Australian gas markets depends on a number of features of the industry. These include: the characteristics of the resource, the structure of supply including the presence of natural monopolies, the nature and extent of upstream or downstream integration of firms and the presence of long term contracts - the characteristics of gas demand, and the regulatory and policy framework. The main purpose in this article is to review the economic factors driving natural gas markets in Australia, highlighting the factors influencing competition and trade. Against this background, some options for reform are also examined. 30 refs., 6 figs

  1. Heating up the gas cooling market

    International Nuclear Information System (INIS)

    Watt, G.

    2001-01-01

    Gas cooling is an exciting technology with a potentially bright future. It comprises the production of cooling (and heating) in buildings and industry, by substituting environmentally-friendlier natural gas or LPG over predominantly coal-fired electricity in air conditioning equipment. There are currently four established technologies using gas to provide cooling energy or conditioned air. These are: absorption, both direct gas-fired and utilising hot water or steam; gas engine driven vapour compression (GED); cogeneration, with absorption cooling driven by recovered heat; and desiccant systems. The emergence of gas cooling technologies has been, and remains, one of evolution rather than revolution. However, further development of the technology has had a revolutionary effect on the performance, reliability and consumer acceptability of gas cooling products. Developments from world-renowned manufacturers such as York, Hitachi, Robur and Thermax have produced a range of absorption equipment variously offering: the use of 100 percent environmentally-friendly refrigerants, with zero global warming potential; the ideal utilisation of waste heat from cogeneration systems; a reduction in electrical distribution and stand-by generation capacity; long product life expectancy; far less noise and vibration; performance efficiency maintained down to about 20 percent of load capacity; and highly automated and low-cost maintenance. It is expected that hybrid systems, that is a mixture of gas and electric cooling technologies, will dominate the future market, reflecting the uncertainty in the electricity market and the prospects of stable future gas prices

  2. World oil and gas markets in 2005

    International Nuclear Information System (INIS)

    2006-01-01

    In front of insufficient production capacities, the petroleum and gas spot prices have won historical records in 2005. This paper analyzes this situation using the highlights of this exceptional year and concerning the producing countries (political situation), the oil and gas markets (exchange rates, demand, production capacity), the European quotations of petroleum products (automotive and domestic fuels), and the prices of petroleum products in France. (J.S.)

  3. Natural gas market assessment: Price convergence in North American natural gas markets

    International Nuclear Information System (INIS)

    1995-12-01

    The extent to which Canadian and U.S. natural gas markets have become integrated in the post-deregulation era was assessed. This assessment was accomplished through a statistical analysis of the price movements in Canadian and U.S. gas markets. The analysis pointed to three broad conclusions: (1) on the whole, there has been an increasing degree of integration among North American natural gas markets since price deregulation and the introduction of open access, (2) there is somewhat of a split between eastern and western markets, (3) Alberta's links are stronger with the western U.S. natural gas market than with the market in the eastern U.S. Several factors were cited as contributing to the general increase in market integration, including: (1) increased pipeline capacity and additional pipeline interconnections, coupled with the development of market hubs, (2) improved flexibility of access to pipeline transportation services, (3) improved access to market information and greater trading flexibility which has been facilitated by growing use of electronic bulletin boards and electronic trading systems. The increased market integration was claimed to have benefited both consumers and producers, and to have increased competition in both countries.. 28 refs., 14 figs

  4. Electricity and gas market observatory. 4. Quarter 2008

    International Nuclear Information System (INIS)

    2008-01-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1 of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status on December 31, 2008, Dynamic analysis: 4. Quarter 2008); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on December 31, 2008, Dynamic analysis: 4. Quarter 2008); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France, Prices on the French wholesale market and European comparison, Concentration of the French gas market); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary

  5. Electricity and gas market observatory. 1. Quarter 2007

    International Nuclear Information System (INIS)

    2007-01-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: - practical information for eligible customers: consumer guide, list of suppliers, - communications regarding markets running; CRE's annual activity report. Content: A - The electricity market: The retail electricity market (Introduction, Eligible customer segments and their respective weights, Status at April 1, 2007, Dynamic analysis: 1. Quarter 2007); The wholesale electricity market (Introduction, Traded volumes on the French wholesale electricity market and comparison with European markets, Prices on the French wholesale electricity market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the 1. 2007 quarter); B - The gas market: The retail gas market (Introduction, The eligible customer segments and their respective weights, Status at April 1, 2007); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary

  6. Electricity and gas market observatory. 4. Quarter 2006

    International Nuclear Information System (INIS)

    2006-01-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: - practical information for eligible customers: consumer guide, list of suppliers, - communications regarding markets running; CRE's annual activity report. Content: A - The electricity market: The retail electricity market (Introduction, Eligible customer segments and their respective weights, Status at January 1, 2007, Dynamic analysis: 4. Quarter 2006); The wholesale electricity market (Introduction, Traded volumes on the French wholesale electricity market and comparison with European markets, Prices on the French wholesale electricity market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the 4. 2006 quarter); B - The gas market: The retail gas market (Introduction, The eligible customer segments and their respective weights, Status at January 1, 2007); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary

  7. Market brief : the oil and gas market in Bolivia

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-03-01

    This report presents a market overview of the oil and gas sector in Bolivia and describes the potential for Canadian suppliers to enter into joint ventures to establish local production facilities and transfer technology expertise. Bolivia has an estimated 54.9 trillion cubic feet of natural gas reserves and 440.5 million barrels of proven oil reserves. The main hope for future economic growth in Bolivia hinges on increasing natural gas exports. Opportunities for Canadian companies exist in exploration, production and pipeline construction. There is also a demand for drilling machinery equipment, pipeline components and services for the expansion of the proposed Bolivia-Brazil pipeline. The largest energy company in Bolivia is Repsol YPF which operates through its subsidiary Empress Petrolera Andina. The largest end-users of oil and gas equipment and services include domestic upstream operators and international oil majors and international exploration and production companies. This report describes the key factors shaping market growth along with the competitive environment, local capabilities, international competition and the Canadian position. Considerations for market-entry in Bolivia were also outlined.

  8. Explaining variation in nascent entrepreneurship

    NARCIS (Netherlands)

    A.J. van Stel (André); A.R.M. Wennekers (Sander); P. Reynolds (Paul); A.R. Thurik (Roy)

    2004-01-01

    textabstractThis paper aims at explaining cross-country variation in nascent entrepreneurship. Regression analysis is applied using various explanatory variables derived from three different approaches. We make use of the Global Entrepreneurship Monitor database, including nascent entrepreneurship

  9. The natural gas futures markets - is it still inefficient?

    International Nuclear Information System (INIS)

    Herbert, J.H.

    1994-01-01

    The natural gas futures market is fundamental to the current natural gas market both as means of price discovery and for price hedging. Thus, the informational efficiency of the futures market is an important issue. This article re-examines the informational efficiency of the natural gas futures market. In this re-examination several cash price series are considered. It is found that the natural gas futures market is informationally efficient for only one of the cash markets. The characteristics of the current natural gas market that might explain the estimated results are also discussed. (author)

  10. Electricity and gas market observatory. 1. quarter 2007

    International Nuclear Information System (INIS)

    2007-01-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web-site (www.cre.fr). It presents: The electricity market; The retail electricity market: Eligible customer segments and their respective weights, Status at April 1, 2007, Dynamic analysis: 1. Quarter 2007; The wholesale electricity market: Traded volumes on the French wholesale electricity market and comparison with European markets, Prices on the French wholesale electricity market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the 1. 2007 quarter; The gas market; The retail gas market: The eligible customer segments and their respective weights, Status at April 1. 2007; The wholesale gas market: Gas pricing and gas markets in Europe,The wholesale market in France. Some glossaries are attached to the document: Electricity and gas market observatories combined glossary; Specific electricity market observatory glossary; Specific gas market observatory glossary

  11. Electricity and gas market observatory. 4. quarter 2006

    International Nuclear Information System (INIS)

    2007-01-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web-site (www.cre.fr). It presents: The electricity market; The retail electricity market: Eligible customer segments and their respective weights, Status at January 1, 2007, Dynamic analysis: 4. Quarter 2007; The wholesale electricity market: Traded volumes on the French wholesale electricity market and comparison with European markets, Prices on the French wholesale electricity market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the 4. 2006 quarter; The gas market; The retail gas market: The eligible customer segments and their respective weights, Status at January 1. 2007; The wholesale gas market: Gas pricing and gas markets in Europe,The wholesale market in France. Some glossaries are attached to the document: Electricity and gas market observatories combined glossary; Specific electricity market observatory glossary; Specific gas market observatory glossary

  12. Electricity and gas market observatory. 4. quarter 2006

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web-site (www.cre.fr). It presents: The electricity market; The retail electricity market: Eligible customer segments and their respective weights, Status at January 1, 2007, Dynamic analysis: 4. Quarter 2007; The wholesale electricity market: Traded volumes on the French wholesale electricity market and comparison with European markets, Prices on the French wholesale electricity market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the 4. 2006 quarter; The gas market; The retail gas market: The eligible customer segments and their respective weights, Status at January 1. 2007; The wholesale gas market: Gas pricing and gas markets in Europe,The wholesale market in France. Some glossaries are attached to the document: Electricity and gas market observatories combined glossary; Specific electricity market observatory glossary; Specific gas market observatory glossary.

  13. Electricity and gas market observatory. 1. quarter 2007

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web-site (www.cre.fr). It presents: The electricity market; The retail electricity market: Eligible customer segments and their respective weights, Status at April 1, 2007, Dynamic analysis: 1. Quarter 2007; The wholesale electricity market: Traded volumes on the French wholesale electricity market and comparison with European markets, Prices on the French wholesale electricity market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the 1. 2007 quarter; The gas market; The retail gas market: The eligible customer segments and their respective weights, Status at April 1. 2007; The wholesale gas market: Gas pricing and gas markets in Europe,The wholesale market in France. Some glossaries are attached to the document: Electricity and gas market observatories combined glossary; Specific electricity market observatory glossary; Specific gas market observatory glossary.

  14. Russian Gas Market: Entering New Era

    International Nuclear Information System (INIS)

    Mitrova, Tatiana; Molnar, Gergely

    2015-04-01

    After a period of extensive growth in the 2000's, the Russian gas industry is now facing numerous challenges. Mounting competition by independent producers and the development of new production by Gazprom, combined with stagnating domestic demand and weakening export markets, have created a situation of overproduction, made worse by western sanctions and low oil and gas prices. Expansion to the East thanks to the recent China deal is not expected to provide much relief before 2024. The coming decade will be critical for the industry and its outcome will largely depend on the government's pricing and institutional policies but the role of the state should remain essential. This document presents the key findings of the New CEDIGAZ report 'Russian Gas Market: Entering New Era'. The report analyses the ongoing changes in the Russian industry and the challenges to be met

  15. Social costs of natural gas market rigidities

    Energy Technology Data Exchange (ETDEWEB)

    Broadman, H.G.; Darmstadter, J.; Montgomery, W.D.

    1983-01-01

    To the extent that there are market imperfections and other constraints limiting consumption of gas to levels significantly below those dictated by underlying economic factors of cost and producibility, society bears the cost resulting from misallocation of resources and avoidable environmental deterioration. Given the regulatory and institutional setting within which the natural gas industry has been forced to operate, there is a strong presumption that such inhibitions on gas use may in fact exist. Some rigidities stem undoubtedly from characteristics unique to gas as a natural-resource commodity. This report presents a framework for reviewing potential sources of constraints, rigidities, and distortions in the functioning of natural gas markets under the Natural Gas Policy Act of 1978 (NGPA) and other legislation. The organizing principle and primary focus of the paper are the sequence of transactions between wellhead and point of consumption, with major attention to industrial and power plant use. The transactions in question are between: producers and pipelines; pipelines and distributors; distributors and end users; and pipelines and industrial end users (mainline sales). In addition to these vertical transactions, there are horizontal transactions between pipelines (off-system sales) and between distributors. 22 references, 1 figure, 1 table.

  16. Electricity and gas market observatory. 2. quarter 2007

    International Nuclear Information System (INIS)

    2007-01-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web-site (www.cre.fr). It presents: The electricity market; The retail electricity market: Non-residential customer segments and their respective weights, Status at July 1, 2007, Dynamic analysis: 2. Quarter 2007; The wholesale electricity market: Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the second quarter 2007; The gas market; The retail gas market: The non-residential customer segments and their respective weights, Status at July 1. 2007; The wholesale gas market: Gas pricing and gas markets in Europe,The wholesale market in France. Some glossaries are attached to the document: Electricity and gas market observatories combined glossary; Specific electricity market observatory glossary; Specific gas market observatory glossary

  17. Electricity and gas market observatory. 3. Quarter 2007

    International Nuclear Information System (INIS)

    2007-01-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1 of July 2007, all customers can choose their gas and electricity suppliers. The present observatory is including residential customer's statistics. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at September 30, 2007, Dynamic analysis: 3. Quarter 2007); The wholesale electricity market (Introduction, Wholesale market activity in France, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on September 30, 2007, Dynamic analysis: 3. Quarter 2007); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary

  18. New structures in the European gas market

    International Nuclear Information System (INIS)

    Tangen, Kristian

    1997-01-01

    The aim of this study is to provide a background for assessing elements of change in the European gas market that in the long run may produce new framework conditions for Norwegian gas exports. It will also serve as an empirical basis for further studies. The main question is: What can the extension of the pipeline network and the growing number of actors tell us about future competition in spite of the fact that both Russia, Algeria and Norway have non-contracted capacity in the pipelines they are building. A number of uncertainties make it hard to draw any clear conclusions about a totally different competitive situation than only a few years ago. In the Netherlands groups of former distribution companies are threatening Gasunies' monopoly while Ruhrgas' attempt to expand into Austria may lead to gas to gas competition there. Signs of a similar development are seen in Italy and Spain as well. Increasing competition can be explained partly by the growing number of actors downstream in the gas market - in trade, transmission and among the large consumers, the electricity producers, the consequence of direct volumes and of shorter duration which in itself promotes competition. Several large pipeline projects have been carried through in co-operation between several actors which indicates that new types of projects are being developed in order to reduce risks for each actor. These will be easier to realise in the absence of long-term ''take-or-pay'' contracts at company level, what we may call companies rhetoric and argumentation as a result of comprehensive market positioning. Furthermore it seems likely that a kind of spot market will develop. Even if we can expect that only small volumes will be traded through this channel at first. Such a development may have considerable influence on prices in the long run. 5 tabs, 29 refs

  19. Annual survey on the natural gas market: 2008 main results

    International Nuclear Information System (INIS)

    2009-09-01

    This document presents and briefly comments the main data of the natural gas market in France in 2008: gas production, gas transit (entry points receiving gas from various origins and export points to Spain and Switzerland), gas storage, gas distribution, gas sales in the different French regions and to different kinds of customers or industries

  20. Electricity and gas market observatory. 2. Quarter 2008

    International Nuclear Information System (INIS)

    2008-01-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1 of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at June 30, 2008, Dynamic analysis: 2. Quarter 2008); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on June 30, 2008, Dynamic analysis: 2. Quarter 2008); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary

  1. Electricity and gas market observatory. 4. Quarter 2007

    International Nuclear Information System (INIS)

    2007-01-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1. of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at December 31, 2007, Dynamic analysis: 4. Quarter 2007); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking fact of the fourth quarter 2007); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on December 31. 2007, Dynamic analysis: 4. Quarter 2007); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France, Striking fact of the fourth quarter 2007); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary

  2. A Journey from Regional Gas Markets to a Global Gas Market

    Energy Technology Data Exchange (ETDEWEB)

    Waterlander, O.; Schlaak, T.; Donohue, T.; Sarraf, G.

    2008-06-15

    According to the authors understanding the landscape of gas markets in the short and medium terms has never been as challenging as it is today. In this article, they describe three potential market scenarios to illustrate the drivers of market globalization: (1) A supply-driven imbalance in which the Middle East's export ability is constrained; (2) A demand-driven imbalance in which binding CO2 legislation in the U.S. gives a sharp boost to gas-fired power generation; and (3) A scenario in which both situations occur in concert.

  3. Gas/electricity convergence: role of marketers

    Energy Technology Data Exchange (ETDEWEB)

    Peterson, K.G. [Powerex Corp., Inc., Youngwood, PA (United States)

    1997-04-01

    The role of marketers in the convergence of the gas and electricity industry was presented. Topics of discussion included types of convergence, such as wholesale price convergence, BTU convergence, energy information systems service convergence, and corporate convergence. Also discussed was a review of technical, economic, political and regulatory barriers to convergence. Implications for customers, regulators and vertically integrated utilities and trade associations were also assessed.

  4. China Oil and Gas Market Assessment

    International Nuclear Information System (INIS)

    Qiu, Yu

    2004-08-01

    China, with one-fifth of the world's population and one of the fastest rates of economic growth, is experiencing a boom in its energy requirements. China has been identified as a high priority market for the oil and gas sector. This priority has resulted in the high level of investment and many large-scale projects related to the oil and gas industry. Oil production from existing fields is expected to increase, new oil and gas fields will be developed, and the country's oil and gas transmission infrastructure will be extended to meet domestic demands. In addition, total domestic investment needs for the next three decades till 2030 are estimated at around $119 billion, and upstream exploration and development will account for about $69 billion. China's oil and gas exploitation business has been the biggest beneficiary of the bearish crude oil prices, national oil stockpile and the need of infrastructure. In the first six-month period of 2005, this industry has gained a profit of USD16.5 billion, up 73.4 per cent year-on-year. The country is becoming increasingly open to international oil companies, contractors and equipment suppliers, who can bring advanced technology, equipment, and management experience. In this context, considerable opportunities in the supply and service sectors are open to Dutch companies. This report analyses the present situation and market prospect of China upstream oil and gas industry, including: Current status of Chinese oil and gas industry analysis and future development forecast; Potential customers analysis, such as three stated-owned oil companies and their foreign partners;Domestic and foreign competitors analysis; Potential opportunities and challenges analysis; Providing contacts and information on main ongoing oil exploration and development projects, and business practices

  5. Market report : the offshore oil and gas market in Mexico

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-08-01

    This report presents an overview of the oil and gas market in Mexico and describes the potential for Canadian suppliers to enter into joint ventures to establish local production facilities and transfer technology expertise. Although Mexico is among the world's top oil producers, its offshore oil and gas fields are largely underdeveloped and the reserve replacement rate was only 48 per cent in 2003 due to low investment in new and existing sites over the past 25 years. In response, the government of Mexico is trying to attract foreign private capital, technology and management expertise. Every year, approximately 80 per cent of state-owned Pemex's equipment and services purchases come through public (international and domestic) tenders. Several offshore projects are planned for the next 2 to 3 years. This report describes the key factors shaping market growth with particular reference to sector reform, and opportunities with actual and planned projects. The competitive environment was also discussed with reference to local capabilities, international competition, Canadian position, and a competitive advantage through Canadian government policies and initiatives. Considerations for market-entry in Mexico were outlined with reference to the important role that small and medium-sized enterprises (SMEs) play in the national economies of the North American Free Trade Agreement (NAFTA) countries. Some SMEs may prefer the use of a local agent or distributor for conducting business in Mexico.

  6. Transformations in gas shipping: Market structure and efficiency

    OpenAIRE

    Steve Engelen; Wout Dullaert

    2010-01-01

    This article aims to improve understanding of the gas shipping markets which, contrary to the main merchant markets – namely the dry, the tanker and the container markets – have not been subject to the same scrutiny. We examine the fundamentals and segment these versatile markets in which expanding gas production and the drive towards liberalization are affecting market conditions. The analysis shows that the industrial LNG, LPG, ammonia and petrochemical markets are slowly transforming to a ...

  7. The drivers behind the globalization of natural gas markets

    International Nuclear Information System (INIS)

    Ahmed El Hachemi Mazighi

    2006-01-01

    Today, the globalisation of natural gas markets is a topic much discussed amongst gas industry practitioners, policy makers and academics. If there is a consensus on a tendency towards the ''commoditisation'' of natural gas markets, there is less agreement on the certainty of the global approach to gas marketing. The aim of this paper is to untangle the main drivers behind the globalisation of natural gas markets, both on the demand and supply sides, and to discuss problems related to the market structure, such as price arbitrages and organised markets. The paper will conclude that the globalisation of natural gas markets cannot be approached as a deterministic problem and as a consequence, there is still no precise answer as to when the different regional gas markets will forge a global one. (author)

  8. The drivers behind the globalization of natural gas markets

    Energy Technology Data Exchange (ETDEWEB)

    Ahmed El Hachemi Mazighi [Sonatrach Commercialisation, Algiers (Algeria)

    2006-06-15

    Today, the globalisation of natural gas markets is a topic much discussed amongst gas industry practitioners, policy makers and academics. If there is a consensus on a tendency towards the ''commoditisation'' of natural gas markets, there is less agreement on the certainty of the global approach to gas marketing. The aim of this paper is to untangle the main drivers behind the globalisation of natural gas markets, both on the demand and supply sides, and to discuss problems related to the market structure, such as price arbitrages and organised markets. The paper will conclude that the globalisation of natural gas markets cannot be approached as a deterministic problem and as a consequence, there is still no precise answer as to when the different regional gas markets will forge a global one. (author)

  9. Managing gas plant margins through the financial commodities market

    International Nuclear Information System (INIS)

    Peters, D.; Lafferty, L.

    1995-01-01

    Gas processors invest capital in gas plants to condition raw natural gas for market. They also attempt to upgrade the value of natural gas streams by removing gas liquids contained in these streams and selling them for a profit. Unfortunately, this is not always possible. Gas processing profit margins swing up and down in line with the volatility of the natural gas and gas liquids markets. Consequently the return on gas processors invested capital also swings up and down through ''good years'' and ''bad years''. Until recently, gas processors have had to bear the risk associated with these swings in margins. While an efficient market exists for products like crude oil on the New York Mercantile Exchange, no similar market has been available for gas liquids. The NYMEX propane contract has not developed sufficient liquidity for year round hedging of propane, much less the other gas liquids. Processors in regions without access to the Belvieu market encounter an even more difficult task attempting to use the NYMEX contract to hedge. Today this inability to manage risk is beginning to change. The natural gas markets have led the way since their deregulation with an actively traded over-the-counter forwards market firmly established. An over-the-counter forwards market for gas liquids has also started to emerge. It is through these new and emerging markets that a gas plant's profitability can be hedged

  10. Market study of pipe gas for the Bahia State, Brazil

    International Nuclear Information System (INIS)

    1992-09-01

    The energy market that will be conquered by the natural gas in Bahia State is identified, allowing measure the potentiality of gas industry and the gas supply, that the State will plead to the Federal Government. (C.G.C.)

  11. Increased use of gas in the country: Norway as a part of an European gas market

    International Nuclear Information System (INIS)

    Bjoerndalen, Joergen; Nese, Gjermund

    2005-06-01

    Norwegian authorities want natural gas to be increasingly used in Norway. The development and establishment of a Norwegian market for gas demands large investments in infrastructure. These investments would have to be done with a large uncertainty attached to future gas prices and - volumes in such a market. As a consequence of Norwegian gas participating in an international market many of the frame conditions for the extension of a future internal market for gas would be set by the international development. In this article several factors connected to the market structure and pricing principles in the European gas market are pointed out. The focus is on the historical development and on what is viewed as essential facts in the development of a future European gas market. The development seems firstly to influence the development in the EU work for an internal market for gas through a gradual liberalisation of the national markets. This work has apparently had a reducing effect on the gas prices to the customers in the liberalised parts of the markets. It is however, stressed that the approach of gradual liberalisation may prove to have some negative consequences for the development of efficient competition in the gas markets. Another aspect mentioned is the development towards spot markets for gas the so-called ''gas hubs'' and more short-term competition types. This type of gas trade is expected to more and more replace the traditional long-term take-on-pay-contracts. In reality it would be the prices noted in the ''gas hubs'' that represent the alternative profits for the Norwegian gas producers and therefore mainly would determine the prices on the future internal gas market. Consequently the Norwegian authorities may play a main role in determining the conditions for an increased use of gas in Norway but the price of gas and consequently the extent of such an internal market as to sold gas volume would mainly be determined by the development in the European

  12. Annual survey of the natural gas market: 2010 results

    International Nuclear Information System (INIS)

    Welter-Nicol, Cecile

    2011-12-01

    This document presents and briefly comments the main data of the natural gas market in France in 2010: gas production (only 2 pc of supplies), gas transit evolutions since 2007 (entry points receiving gas from various origins and export points to Spain and Switzerland), outlines the increase of imports from Norway, comments gas storage capacities, the evolution of gas distribution in France, the evolution of gas consumption, and gas sales in the different French regions and to different kinds of customers or industries

  13. Market fundamentals, competition and natural-gas prices

    International Nuclear Information System (INIS)

    Hulshof, Daan; Maat, Jan-Pieter van der; Mulder, Machiel

    2016-01-01

    After the liberalisation of the gas industry, trading hubs have emerged in Europe. Although these hubs appear to be liquid market places fostering gas-to-gas competition, the efficiency of the gas market remains a topic of interest as a fair share of gas is still traded through long-term contracts with prices linked to the oil price while the number of gas suppliers to the European market is limited. In order to assess the efficiency of the gas market, we analyse the day-ahead spot price at the Dutch gas hub over the period 2011–2014. We find that the oil price had a small positive impact on the gas price. Changes in the concentration on the supply side did not affect the movement in gas prices. The availability of gas in storages and the outside temperature negatively influenced the gas price. We also find that the gas price was related to the production of wind electricity. Overall, we conclude that the day-ahead gas prices are predominantly determined by gas-market fundamentals. Policies to further integrate gas markets within Europe may extend this gas-to-gas competition to a larger region. - Highlights: •We analyse the development of the day-ahead spot price at TTF over 2011–2014. •The oil price had a small impact on the gas price, while the coal price had no effect. •Changes in the concentration on the supply side did not affect the gas prices. •The gas prices are predominantly determined by weather and storage availability. •Policies to integrate gas markets foster gas-to-gas competition.

  14. Natural gas supply in Denmark - A model of natural gas transmission and the liberalized gas market

    International Nuclear Information System (INIS)

    Bregnbaek, L.

    2005-01-01

    In the wake of the liberalization of European energy markets a large area of research has spawned. This area includes the development of mathematical models to analyze the impact of liberalization with respect to efficiency, supply security and environment, to name but a few subjects. This project describes the development of such a model. In Denmark the parallel liberalization of the markets of natural gas and electricity and the existence of an abundance of de-centralized combined heat and power generators of which most are natural gas fired, leads to the natural assumption that the future holds a greater deal of interdependency for these markets. A model is developed describing network flows in the natural gas transmission system, the main arteries of natural gas supply, from a technical viewpoint. This yields a technical bounding on the supply available in different parts of the country. Additionally the economic structure of the Danish natural gas market is formulated mathematically giving a description of the transmission, distribution and storage options available to the market. The supply and demand of natural gas is put into a partial equilibrium context by integrating the developed model with the Balmorel model, which describes the markets for electricity and district heat. Specifically on the demand side the consumption of natural gas for heat and power generation is emphasized. General results and three demonstration cases are presented to illustrate how the developed model can be used to analyze various energy policy issues, and to disclose the strengths and weaknesses in the formulation. (au)

  15. Natural gas as a public utilities' generator for market orientation

    International Nuclear Information System (INIS)

    Delnoij, J.

    1995-01-01

    The forthcoming free market for the energy sector in Europe is discussed. The author (retiring chairman of KVGN) advocates strengthening the collective market position of energy distribution companies and of the total gas sector, e.g. by continuing the combination of gas distribution and gas purchase and by increased tuning of research and market developments. Energy distribution companies have to strengthen the relation with their customers and set explicit quality objectives. The author also supported competition between the different forms of energy on the energy market and the strive of the gas sector to substitute polluting energy carriers, and electricity generated from these low-efficient energy carriers, by gas

  16. Emerging natural gas markets in the East Asian countries - Challenges for market development and international cooperation

    International Nuclear Information System (INIS)

    Ozaki, Hiroshi

    1997-01-01

    Energy and natural gas demand as well as the natural gas market in East Asia is analyzed. Gas distribution and long distance gas transmission pipelines are considered. International cooperation is outlined for meeting the market challenges in the region. (R.P.)

  17. New market designs and their effect on economic performance in European Union's natural gas markets.

    NARCIS (Netherlands)

    Haase, N.; Bressers, Johannes T.A.; Arentsen, Maarten J.

    2008-01-01

    The European gas market reform triggered new market designs which aimed to achieve competitive natural gas prices, efficiency gains, and security of gas supply. The paper analyses to what extent the effects of regulation-for-competition on eco-nomic performance in the form of natural gas prices,

  18. Liberalisation of the EU gas market. Lessons learned from other markets and countries

    International Nuclear Information System (INIS)

    Bisgaard, T.

    2003-11-01

    In this report the EU's Gas Directive 2003/55/EC is evaluated to determine whether it lays an adequate regulatory foundation to create and enhance a future competitive gas market in Europe; at national level as well as across borders. The aim is to enable the gas market to become an integrated part of the European single market. Experiences are drawn upon from the electricity and telecom markets, and from the UK and the US, that have undergone similar liberalisation processes. A market in transition from a monopoly to a liberalised market should be subject to a certain kind of regulation that is not applicable to other markets. The regulation must be designed in a way that gives the market room for development. The evaluation in this report is based on four requirements deemed important by the OECD for a changing market like the gas market. The four requirements that should be considered when regulating the gas market are: 1. Third party access to infrastructure, 2. The degree of un-bundling, 3. The regulation of tariffs, and 4. The type of regulatory authority to oversee the gas market. The report concludes that the Gas Directive provides sufficient regulation for creating competition in the national gas markets, but that it is vital to provide legislation that will harmonise rules across Europe and create the appropriate incentives for future investments in the gas structure. (BA)

  19. Transformations in gas shipping : Market structure and efficiency

    NARCIS (Netherlands)

    Engelen, Steve; Dullaert, Wout

    This article aims to improve understanding of the gas shipping markets which, contrary to the main merchant markets- namely the dry, the tanker and the container markets- have not been subject to the same scrutiny. We examine the fundamentals and segment these versatile markets in which expanding

  20. Evolving markets and new end use gas technologies

    International Nuclear Information System (INIS)

    Overall, J.

    1995-01-01

    End use gas technologies, and products for residential, commercial, and industrial uses were reviewed, and markets and market drivers needed for end use technologies in the different types of markets were summarized. The range of end use technologies included: gas fireplaces, combination heating/water heating systems, integrated appliance such as heating/ventilation units, gas cooling, and space cooling for commercial markets. The present and future status of each product market was discussed. Growing markets such as cogeneration, and gas turbine technology also received attention, along with regulatory and environmental concerns. The need to be knowledgeable about current market drivers and to introduce new ones, and the evolution of technology were emphasized as means by which the industry will continue to be able to exert a decisive influence on the direction of these markets

  1. Natural gas supply strategies for European energy market actors

    International Nuclear Information System (INIS)

    Girault, Vincent

    2007-06-01

    The liberalization of the European energy markets leads to the diversification of supplies. Hence, we analyse the natural gas importation problem in a power producer point of view. Upstream and downstream natural gas markets are concentrated. In this oligopoly context, our topic is to focus on strategies which modify natural gas sourcing price. This by studying the surplus sharing on the natural gas chain. A European firm can bundle gas and electricity outputs to increase its market share. Therefore, a bundling strategy of a power producer in competition with a natural gas reseller on the final European energy market increases upstream natural gas price. Bundling also acts as a raising rival cost strategy and reduces the rivals' profit. Profits opportunities incite natural gas producers to enter the final market. Vertical integration between a natural gas producer and a European gas reseller is a way, for producers, to catch end consumer surplus. Vertical integration results in the foreclosure of the power producer on the upstream natural gas market. To be active on the natural gas market, the power producer could supply bundles. But, this strategy reallocates the rent. The integrated firm on natural gas gets the rent of electricity market in expenses of the power producer. Then, a solution for the power producer is to supply gas and electricity as complements. Then, we consider a case where vertical integration is not allowed. Input price discrimination by a monopolist leads to a lower natural gas price for the actor which diversifies its supplying sources. Furthermore, a bundling strategy increases the gap between the price proposed to the firm which also diversify its output and the firm which is fully dependent from the producer to supply natural gas on final market. (author)

  2. Retail markets. Electricity and natural gas retail markets Observatory 3. Quarter 2015

    International Nuclear Information System (INIS)

    2015-09-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  3. Retail markets. Electricity and natural gas retail markets Observatory 3. Quarter 2013

    International Nuclear Information System (INIS)

    2013-09-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  4. Retail markets. Electricity and natural gas retail markets Observatory 1. Quarter 2016

    International Nuclear Information System (INIS)

    2016-03-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  5. Retail markets. Electricity and natural gas retail markets Observatory 4. Quarter 2014

    International Nuclear Information System (INIS)

    2014-12-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  6. Retail markets. Electricity and natural gas retail markets Observatory 3. Quarter 2014

    International Nuclear Information System (INIS)

    2014-09-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  7. Retail markets. Electricity and natural gas retail markets Observatory 2. Quarter 2015

    International Nuclear Information System (INIS)

    2015-06-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  8. Retail markets. Electricity and natural gas retail markets Observatory 4. Quarter 2015

    International Nuclear Information System (INIS)

    2015-12-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  9. Retail markets. Electricity and natural gas retail markets Observatory 1. Quarter 2015

    International Nuclear Information System (INIS)

    2015-03-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  10. Retail markets. Electricity and natural gas retail markets Observatory 1. Quarter 2014

    International Nuclear Information System (INIS)

    2014-03-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  11. Retail markets. Electricity and natural gas retail markets Observatory 2. Quarter 2014

    International Nuclear Information System (INIS)

    2014-06-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  12. Retail markets. Electricity and natural gas retail markets Observatory 4. Quarter 2013

    International Nuclear Information System (INIS)

    2013-12-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  13. Volatility transmission in the oil and natural gas markets

    International Nuclear Information System (INIS)

    Ewing, Bradley T.; Malik, Farooq; Ozfidan, Ozkan

    2002-01-01

    This research looks at how volatility in the oil and natural gas sectors changes over time and across markets. We empirically examine the univariate and bivariate time-series properties of oil and natural gas index returns, allowing for non-linearity in the variance of each series, as well as for the possibility that changes in volatility in one market may spill over to the other market. Patterns in volatility transmission emerge that may be of practical importance to financial market participants

  14. Natural gas market - Market opening in Switzerland and a selection of European Union countries

    International Nuclear Information System (INIS)

    Wild, J.; Vaterlaus, S.; Worm, H.; Spielmann, Ch.; Finger, M.

    2007-02-01

    This comprehensive report for the Swiss Federal Office of Energy (SFOE) takes a look at the situation in Switzerland and Europe as far as the liberalisation of the natural gas market is concerned. Comparisons are made between the situation for natural gas and electricity markets. The report discusses the economical and technical characteristics of the gas business such as gas sources, transport, storage and trading as well as the associated investment risks. The gas and electricity supply systems are compared from the supply and demand viewpoints and as far as trading and the increasing of efficiency are concerned. The Swiss gas market is compared with those of selected European countries. Market structures and regulatory aspects are examined and the resulting effects on the market and gas prices are reviewed. The effects of market opening are discussed from both the supplier and consumer points of view

  15. The strategy of players on the European gas market

    Energy Technology Data Exchange (ETDEWEB)

    Lecarpentier, A

    2006-07-01

    One result of opening up the European gas market to competition has been to increase the number and diversity of the players involved, whether producers, suppliers or electric utilities. However, while the gas on offer is still controlled by a handful of market players given the increasing importance of state-owned companies from exporting countries outside Europe, the downstream gas sector continues to show a strong concentration of incumbent operators seeking a dominant position in the supply of gas. (author)

  16. Obstacles to the use of natural gas in electric markets

    International Nuclear Information System (INIS)

    Lynch, M.M.

    1992-01-01

    A brief overview of the New England Electric System (NEES) and its current and planned natural gas fired generation is presented. Some statistics are given that indicate that electric generation is the biggest growth market for natural gas, underscoring the importance of overcoming the obstacles to the use of gas in electric generation markets. What is seen as the major obstacles to gas use in the electric power industry and some ways to overcome these obstacles are reviewed

  17. The strategy of players on the European gas market

    International Nuclear Information System (INIS)

    Lecarpentier, A.

    2006-01-01

    One result of opening up the European gas market to competition has been to increase the number and diversity of the players involved, whether producers, suppliers or electric utilities. However, while the gas on offer is still controlled by a handful of market players given the increasing importance of state-owned companies from exporting countries outside Europe, the downstream gas sector continues to show a strong concentration of incumbent operators seeking a dominant position in the supply of gas. (author)

  18. Marketing advisors and their role for junior gas producers

    International Nuclear Information System (INIS)

    Maffitt, D.W.

    1997-01-01

    The role of marketing advisors in the new deregulated natural gas industry was discussed. These producer-oriented marketing consultants are specialists in providing affordable marketing services to junior gas producers on an 'as-needed' basis. The most important service provided by marketing advisors is helping the client identify management problems, analyze such problems and recommend solutions. Accordingly, the marketing advisor should be independent and objective, with no conflict of interests. He/she should be prepared to invest a lot of time and effort in providing the junior producer with a customized diagnosis of its marketing problems. 5 refs., 3 figs

  19. Natural gas transits and market power. The case of Turkey

    International Nuclear Information System (INIS)

    Weiser, Florian; Schulte, Simon

    2017-01-01

    Turkey is a key country in order to realize the Southern Gas Corridor (SGC) due to its geographical location. However, as the main transit country within the SGC, Turkey could potentially exert market power with gas transits. Whether Turkey exerts market power or not, is crucial for an economic assessment of the SGC. Hence, the article investigates this issue quantitatively using a global partial equilibrium gas market model. An oligopolistic and a competitive supply structure in Europe in 2030 are considered in the model. If the European gas market in 2030 is characterized by an oligopolistic supply, Turkey is able to exert market power resulting in higher prices compared to competitive transits, in particular in South Eastern Europe. In a competitive market structure, however, the importance of the SGC and thus the potential of Turkish transit market power is limited.

  20. Natural gas transits and market power. The case of Turkey

    Energy Technology Data Exchange (ETDEWEB)

    Weiser, Florian; Schulte, Simon

    2017-08-15

    Turkey is a key country in order to realize the Southern Gas Corridor (SGC) due to its geographical location. However, as the main transit country within the SGC, Turkey could potentially exert market power with gas transits. Whether Turkey exerts market power or not, is crucial for an economic assessment of the SGC. Hence, the article investigates this issue quantitatively using a global partial equilibrium gas market model. An oligopolistic and a competitive supply structure in Europe in 2030 are considered in the model. If the European gas market in 2030 is characterized by an oligopolistic supply, Turkey is able to exert market power resulting in higher prices compared to competitive transits, in particular in South Eastern Europe. In a competitive market structure, however, the importance of the SGC and thus the potential of Turkish transit market power is limited.

  1. The European gas market at the 2008 prospects

    International Nuclear Information System (INIS)

    2004-11-01

    Because of the opening of European energy markets to competition and to the dynamism of gas consumption, the natural gas market has become very attractive. In parallel, the development of infrastructures (in particular for the LNG industry) offer setting up possibilities to newcomers. Moreover, the synergies linked to the gas/electricity convergence diminish the boundary between electricity and gas markets. In this context, the historical operators of European gas markets have to face the offensive of oil and electric power companies. This study tackles the following questions: what are the gas demand evolution prospects? What are the most attractive consumption areas? How gas prices will change in mid-term? What is the competitive intensity of national markets? Which commercial positioning is to be adopted? What future for dual offers? What is the advantage of regulated activities for operators? Who are the best positioned actors? What will be the mid-term role of Gazprom? What are the mid-term prospects of European market reconfiguration? This study analyses the strategy and positioning of the main European gas operators and shows their forces and weaknesses. It includes a financial comparison of the 20 main groups present in the European natural gas market. This analysis allows to propose 4 scenarios of mid-term evolution for this market. (J.S.)

  2. Canadian natural gas market dynamics and pricing : an update

    International Nuclear Information System (INIS)

    2002-10-01

    This energy market assessment (EMA) report discusses natural gas price formation and describes the current functioning of regional gas markets in Canada. This EMA also describes the factors affecting the price of natural gas in Canada and examines natural gas markets on a region-by region basis. It is shown that as part of an integrated North American market, prices of natural gas in Canada reflect supply and demand factors in both Canada and the United States. During the low oil price period of 1997/1998, high demand for natural gas outpaced the supply because of low drilling and production activity by producers. In response to the increased demand and lower levels of supply, the price of natural gas increased significantly in 1999 and 2000. This was followed by a period of market adjustment. The importance of electronic trading systems for enhancing price discovery was also discussed with reference to how spot and futures markets allow market participants to manage price volatility. It was determined that Canadians have had access to natural gas on terms and conditions equal to export customers, and at equal pricing. In early November 2000, natural gas prices in North American began to rise due to low levels of natural gas in storage. The price shocks were felt unevenly across the North American market. In response to the high prices, consumers conserved energy use, and many industrial users switched to cheaper fuels. By the spring 2001, demand continued to decrease at a time when production was high. These factors contributed to the downward pressure on gas prices. This EMA discusses the structure of market transactions and market adjustment mechanisms. It is presented in the context of the approaching 2002/2003 winter season where the tightening between natural gas supply and demand is expected to result in price volatility. 28 figs

  3. Regulation and development of the Argentinean gas market

    Energy Technology Data Exchange (ETDEWEB)

    Ponzo, Ricardo, E-mail: rponzoa@repsolypf.co [YPF, Buenos Aires (Argentina); Dyner, Isaac, E-mail: idyner@unal.edu.c [Energy Institute and CeiBA, National University of Colombia (Colombia); Arango, Santiago, E-mail: saarango@unal.edu.c [Energy Institute and CeiBA, National University of Colombia (Colombia); Larsen, Erik R., E-mail: erik.larsen@unisi.c [University of Lugano, Via Buffi 13, CH-6904 Lugano (Switzerland)

    2011-03-15

    Gas markets are becoming increasingly important around the world and the long-term evolution of these markets is of strategic importance for many countries. This makes it essential to understand how regulation and intervention in these markets affects the long-term prospect for the secure supply of gas. We use Argentina as a case to illustrate some of the issues and consequences of gas regulation. Argentina is a country that has had a significant increase in the use of gas over the years, and where a potential gas deficit looms large in the present and the future. Based on a simulation model developed to understand the supply of gas in Argentina, we discuss how regulation will influence the long-term supply of gas in both Argentina and surrounding countries. Using the model, we develop a series of scenarios to highlight the consequences of different current and possible future interventions in the market by the Regulator. Finally, we discuss short-term regulatory options to reduce the impact of a gas deficit, and the possibility of securing the long-term supply of gas in Argentina. - Research Highlights: {yields}This study show that even short intervention in markets can have long term impact. {yields}Simulation can help to understand the evolution of the Argentinean gas markets. {yields}Scenarios highlight the gas shortage.

  4. Policies for technical innovations to promote natural gas market development

    International Nuclear Information System (INIS)

    Leblanc, M.B.

    1997-01-01

    Short-term and long-term perspectives of the natural gas market worldwide are discussed, covering demand and supply trends. Technologies determining the future of the natural gas market, and R and D needs for implementing future technological challenges are considered. (R.P.)

  5. ABARE gas market study to evaluate impact of reforms

    International Nuclear Information System (INIS)

    Harman, J.

    2000-01-01

    ABARE has conducted Research into the Australian gas market for many years. For example, studies have examined the costs and benefit of interconnections in the gas and electricity markets (Dalziell et al 1993) and the net economic benefits of the oil and gas extraction industry (Hogan et al 1996). The biennial energy supply and demand projections published for more than 20 years) provide detailed and reliable energy forecasts. The most recent study (Bush et al 1999) found that natural gas consumption was expected to grow at an average rate of almost 4.4 percent to 2014-15, representing an increase to around 28 percent of total energy market share. Energy market and policy developments will effect the actual rate of growth of gas consumption. Major trends in the gas market which are raising important issues include an integration of regional gas markets through the construction of new gas pipelines and increasing interstate trade in gas, new access regimes in the transmission and distribution sector, along with increasing customer contestability in the retail markets

  6. The British Columbia natural gas market overview and assessment : an energy market assessment

    International Nuclear Information System (INIS)

    2004-04-01

    The National Energy Board monitors the supply of all energy commodities in Canada along with the demand for Canadian energy commodities in domestic and export markets. This report provides an assessment of the natural gas market in British Columbia (BC) and discusses several issues facing the market. The main challenges facing the market in recent years have been rising prices, price spikes and increased price volatility. New exploration and development projects have been announced along with new gas pipeline projects that move gas to eastern markets. Industrial consumers are exploring fuel alternatives to reduce natural gas consumption. Despite these challenges, the Board believes the natural gas market in British Columbia is working well. Natural gas prices are integrated with the North American market, consumers have responded to higher prices by reducing demand, and producers have increased exploration and production. Price discovery has improved due to better pricing reporting standards and access to electronic gas trading at pricing points for BC gas. The small market size in British Columbia and the lack of storage in the Lower Mainland limit market liquidity in comparison with other major market centres. 20 figs

  7. Electricity and gas market Observatory - 1. Quarter of 2013

    International Nuclear Information System (INIS)

    2013-03-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. Since 2013, it also covers the wholesale CO 2 market. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  8. The French wholesale electricity and natural gas markets. 2008 report

    International Nuclear Information System (INIS)

    2009-12-01

    This second report on the operation of French wholesale electricity and natural gas markets deals with CRE wholesale market surveillance activities. It follows on from the different work undertaken or announced in the first surveillance report and in the proceedings of the CRE deliberation held on the 8 January 2009. It capitalizes on the experience gained in this area since the Law of the 7 December 2006 gave the CRE market surveillance powers. It is also based on feedback from discussions and interaction with the different stakeholders, through the public consultations held by CRE in 2008 and 2009. market surveillance applies to: - electricity and gas, - bilateral transactions, trading on exchanges and cross-border transactions, - all maturities, from short-term markets to long-term contracts, - all French wholesale market counter-parties, whatever nationality they may have, - contracts for physical delivery, as well as to financial products. The Law also allows extensive surveillance of market participants' behaviour, in that the CRE can oversee not only transactions between operators but also their bids and the correspondence between the prices charged and the position of each operator. In order to address these different subjects, the electricity and gas sections of this report are divided into four main chapters dealing with the development of trading, wholesale market price trends, the fundamentals (generation, infrastructures) and, finally, the analysis of electricity transactions and the supply of alternative gas operators. Contents: A - Methodology notice, Introduction, Summary of the report; B - Section 1 - Wholesale electricity markets: The development of the main wholesale market segments, Monitoring of price formation in France in terms of fundamentals and in comparison with the main interconnected European markets, Analysis and transparency of generation, The analysis of transactions; C - Section 2 - Wholesale natural gas markets: The

  9. Review of the timetable for gas and electricity market liberalisation

    International Nuclear Information System (INIS)

    2000-01-01

    The findings of the review undertaken by PA Consulting Group on behalf of the Ministry of Economic Affairs into the feasibility of accelerating electricity and gas market liberalisation in the Netherlands are set out. The main purpose of the review was to assess the technical and organisational requirements for the two markets and to consider the time required to deliver them. The chosen market models for electricity and gas liberalisation, as set out in the Electricity Act and the draft Gas Act, were to be taken as given. A review of the market models chosen and consideration of how the markets should be delivered were excluded from the study. The results of this review have been used by the Ministry of Economic Affairs as input into the decision making process regarding the revised opening dates for the electricity and gas markets for both medium size and small customers. The report includes: A description of the market models for electricity and gas; The technical and organisational requirements and progress to date; The time required to deliver each of the two markets; and The benefits and disadvantages of synchronising gas and electricity market openings and recommended timescales

  10. Impacts of market liberalisation on the EU gas industry

    International Nuclear Information System (INIS)

    Van Oostvoorn, F.; Boots, M.G.

    1999-10-01

    The paper presents an analysis of tbc effects of tbc European Union (EU) Gas Directive on the EU natural gas industry in the next ten years. First, it briefly reviews the current driving factors for increasing competition in the EU gas markets. Second, the different directions of implementation of EU Gas Directive are discussed. Finally we give an assessment of impacts of the different directions of implementation of the Gas Directive, thereby focusing on structural changes of the gas industry and the scope for reduction of consumer gas prices. Note that our assessment of the impacts is partly based on an analysis of recent trends in the EU gas market and partly on calculations with a recently developed model of the EU gas market on company level. The paper summarises the main observations of a study conducted by the Netherlands Energy Research Foundation (ECN) last year in the framework of a larger scenario study for the European Committee, Directorate-General 17, in the Shared Analysis Project, 'Economic Foundations for Energy Policy in Europe to 2020' managed by FhG-ISI. For the complete results of the ECN study, see report 'Impacts of Market Liberalisation on the EU Gas Industry', September 1999, forthcoming. Note that the analysis is limited to the gas market and does not include other impacts, i.c. on energy conservation, emissions, etc. 21 refs

  11. Structure and operation of the natural gas market in France

    International Nuclear Information System (INIS)

    2007-01-01

    The French natural gas market is organized around six main activities: production, transport, methane terminals, storage, distribution and commercialization. This paper describes the facilities related to each activity: gas fields, pipelines network and distribution systems, terminals capacity and underground storage facilities. The selling activity is opened to competition but the French gas market follows a progressive and controlled opening which will be complete in July 2007. (J.S.)

  12. European Union gas market liberalization: a windfall effect for Russia?

    International Nuclear Information System (INIS)

    Riviere, Nicolas

    2013-01-01

    Natural gas has a growing importance in the European Union energy. However, because of the lack of resources in its territory, the EU is highly dependent on imports to meet its gas needs. In parallel, since 1998 the EU seeks the creation of a single and liberalized natural gas market. The aim of this thesis is to investigate whether the gas market liberalization can create a risk for importers' bargaining power and more widely to the gas security of supply of the EU. The first chapter provides an overview of the European gas market. It deals with the implementation of the process of gas market liberalization, the external dependency of the EU and the weakness of gas supply diversity. Using findings from the previous chapter, the second one proposes a model from the cooperative game theory to analyze the effects of the EU natural gas market liberalization on importers' bargaining power. It shows that the liberalization weakens importers' bargaining power vis-a-vis external suppliers, where Russia is the leader. It also shows that the implementation of a European gas purchasing agency offers a counter-power to the EU that balances bargaining power. The third chapter focuses on the development of LNG in the world and more specifically in the EU market. The development of LNG in Europe allows the entry of new operators on the upstream and, thus, increases competition among the EU's suppliers for the benefit of importers' bargaining power. The last chapter analyzes the impact of US shale gas development on the EU gas market. Thus, it shows that development is accompanied by an uncertainty about the future gas demand in the EU and by a reconsideration of the EU's long-term contracts. (author)

  13. Natural gas market assessment ten years after deregulation

    International Nuclear Information System (INIS)

    1996-11-01

    Changes which have taken place in the Canadian natural gas market in the ten years since the gas market was de-regulated, were reviewed. A 1985 agreement created conditions for a competitive natural gas market. However, the National Energy Board ensured that the pipeline transmission sector of the gas industry would continue to be regulated because of its natural monopoly characteristics. Open non-discriminatory access was to be provided to all shippers on inter-provincial gas pipelines. One objective of this report was to provide the Board with the means of assuring itself that the market was operating in such a way that Canadian requirements for natural gas were being met at fair market prices. The report also provided a review of the major changes in the gas producing and transmission sector, and reviewed developments in gas markets and sales practices. The overall assessment was that the natural gas industry was efficient and responsive to the demands of the marketplace. 5 tabs., 30 figs

  14. The Impact of Wind Power on European Natural Gas Markets

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-09-06

    Due to its clean burning properties, low investment costs and flexibility in production, natural gas is often put forward as the ideal partner fuel for wind power and other renewable sources of electricity generation with strongly variable output. This working paper examines three vital questions associated with this premise: 1) Is natural gas indeed the best partner fuel for wind power? 2) If so, to what extent will an increasing market share of wind power in European electricity generation affect demand for natural gas in the power sector? and 3) Considering the existing European natural gas markets, is natural gas capable of fulfilling this role of partner for renewable sources of electricity?.

  15. Gas Reform in Ukraine : Monopolies, Markets, and Corruption

    OpenAIRE

    Lovei, Laszlo

    1998-01-01

    Reform of the natural gas industry in Ukraine started a year later than reform of the power industry. Because gas reform had no blueprint, its direction has remained ambiguous. That ambiguity is the result of a conflict between those who advocate vertically integrated, opaque, monopolistic structures and those who want a transparent, competitive gas market governed by stable rules. This co...

  16. Russian natural gas policy and its possible effects on European gas markets

    International Nuclear Information System (INIS)

    Quast, O.; Locatelli, C.

    1997-01-01

    There is a growing perception among Western European gas experts that Russia has developed a considerable gas surplus - the Russian gas bubble. Thus, the question clearly arises how much gas is available for export and how much gas, over the next 15 to 20 years, can the Russian quasi-monopolist Gazprom market in Western Europe. We consider that Gazprom's export strategy mirrors the approach of Russia's natural gas policy towards the Western European market. In this paper, we will focus on the characteristics of Gazprom's export strategy, its underlying logic, and its impact on Western European gas markets. As a consequence of Gazprom's export strategy, the Russian gas company faces today a price quantity dilemma. Gazprom's problem is to place as much gas as possible in the growing Western European gas market, without destroying downstream gas prices. We argue that Gazprom has adopted a market share expansion and downstream vertical integration strategy, aimed at capturing a part of the downstream gas rent. Although this strategy appears to have initiated a form of gas to gas competition in a number of European consumer markets, this strategy is not based on an aggressive price policy. However, in order to live up to its ambitions, there is a chance that Gazprom will have to somewhat relax traditional contract clauses, such as contract length, indexation terms and take or pay conditions. (author)

  17. How can natural gas markets be competitively organized

    International Nuclear Information System (INIS)

    Funk, C.

    1992-01-01

    In this paper it will be discussed how to most effectively give room to competitive forces in natural gas markets, given the traditional merchant pipeline as point of departure. Alternative models of organizing the market will be reviewed: we first consider decreasing barriers to entry and then analyze advantages and drawbacks of a third party access system. In this context different forms of implementing a competitive market for transportation capacity and coordinating it with gas trade are discussed, among them a simultaneous auction of gas and transmission capacity. Finally a hub system of point markets in conjunction with third party access will be suggested to allow for competitive markets for gas and transportation service. 33 refs

  18. How can natural gas markets be competitively organized

    International Nuclear Information System (INIS)

    Funk, C.

    1992-01-01

    In this paper it will be discussed how to most effectively give room to competitive forces in natural gas markets, given the traditional merchant pipeline as point of departure. Alternative models of organizing the market will be reviewed: we first consider decreasing barriers to entry and then analyse advantages and drawbacks of a third party access system. In this context different forms of implementing a competitive market for transportation capacity and coordinating it with gas trade are discussed, among them a simultaneous auction of gas and transmission capacity. Finally a hub system of point markets will be suggested to improve the currently implemented third party access system and to allow for competitive markets for gas and transportation service. 33 refs., 6 figs

  19. Natural gas and deregulation in the European Market

    International Nuclear Information System (INIS)

    Anon.

    2000-01-01

    The gas market is progressively moving towards new organizations under the effect of deregulation initiated in the United States, the United Kingdom and transposed to other countries, particularly in Europe, at least for the member countries of the European Union. Within the framework provided by this overall trend, Cedigaz proposes a study titled 'Natural Gas and Deregulation' in order to describe the main developments affecting these markets on account of deregulation. This report is structured on the basis of three main topics (market organization, marketing modes, pricing) which appears to be the most cogent in terms of deregulation. This grouping by major topics accordingly offers a relatively synthetic view of the main trends which could be observed in the European market, for example. The analysis is largely based on the example of the American market and, to a lesser extent, on the British situation. Incidentally, it has adapted the terms 'regulated market' to define conventional markets and 'deregulated market' to define markets which have incorporated the principle of Third Party Access (TPA). This is obviously a mere convention, since in both cases, the gas market, a network market, is regulated either by the State or by an independent agency. Also noteworthy is the diversity of the regulation methods for the network markets. While an underlying principle prevails throughout, particularly the introduction of TPA, political and energy considerations alike are liable to condition strongly the final structure of a given market. The apparently comparable British and American experience thus display substantial differences. In other words, one should not imagine a sudden transposition of either case to the European market. The different States preserve considerable leeway to guide market developments in one direction or another. On the whole, deregulation is not a frozen process, but has to adapt permanently to developments in a market stage-managed by

  20. Pricing Natural Gas. The Outlook for the European Market (Summary)

    International Nuclear Information System (INIS)

    2008-01-01

    Long-term gas supply contracts contain price formulae, in which the gas price is usually linked to the price of another commodity, or to the spot price of gas in a particular market. In continental Europe the gas price in international long-term supply contracts is predominantly linked to oil products. At the same time, spot markets for gas in which gas prices are determined by supply and demand are developing in various EU markets. This paper addresses the question of to what extent the traditional form of oil-based price indexation is sustainable and/or will be sustained by the market players. It discusses the considerations the market players may have in favour of one or the other form of indexation, the external forces that may influence the choice of indexation in the short and longer terms and the consequences of change. It argues that pricing systems are a fundamental part of a market organisation, and that a shift to different pricing structures only happens if and when the main actors are convinced that they understand and accept the consequences of such change. It concludes that there is no strong evidence that the current hybrid situation, in which both forms of gas pricing co-exist, cannot continue. There are also no overriding reasons to intervene in the market practices of price formation. Both systems have their advantages and disadvantages under different market conditions, and to some extent complement each other in the current markets. Different types of risk and the appreciation thereof by the trading parties will determine particular choices of pricing rules and contracting conditions. More importantly, in today's market, in which new supplies are slow to come forward, the choice should be left to the market parties, particularly as sellers and buyers do not seem to be in strong disagreement

  1. Financial instruments help producers hedge gas deals in volatile market

    International Nuclear Information System (INIS)

    Lawnin, J.N.; Kupiec, S.L.

    1993-01-01

    The Natural Gas Policy Act (NGPA) of 1978 and more recently the U.S. Federal Energy Regulatory Commission's Order 636 have changed gas marketing from a totally regulated industry to one that responds to free-market forces. The stable but controlled market in which producers once sold gas has become highly competitive and more efficient. Consequently, prices have become more volatile; they respond more quickly than they did before to changes in supply of and demand for natural gas. Prior to deregulation of the natural gas industry, producers had fewer marketing options than they do today. Under a typical gas sales contract, producers sold gas to the nearest pipeline at regulated prices, which remained relatively stable along the interstate distribution chain. The system, however, failed to generate adequate supply of gas. In an effort to realign supply and demand, Congress initiated the deregulation of natural gas with NGPA, which phased out most wellhead price controls. A series of FERC actions culminating in Order 636 extended the process. Now, independent producers can sell gas directly to end users. Under Order 636, interstate pipelines no longer offer merchant services to gas customers. The paper discusses the change in risk profiles, price protection, futures and options, hedged exposure, setting price floors, off-exchange contracts, risk considerations, types of risks, business controls, back office controls, and credit monitoring

  2. Electricity and gas market observatory. 2. quarter 2006

    International Nuclear Information System (INIS)

    2006-01-01

    Since July 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: practical information for eligible customers: consumer guide, list of suppliers, communications regarding markets running, CRE annual activity report. (author)

  3. Electricity and gas market observatory. 1. 2005 quarter

    International Nuclear Information System (INIS)

    2005-01-01

    Since July 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: practical information for eligible customers: consumer guide, list of suppliers, communications regarding markets running, CRE annual activity report. (author)

  4. Electricity and gas market observatory. 3. quarter 2006

    International Nuclear Information System (INIS)

    2006-01-01

    Since July 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: practical information for eligible customers: consumer guide, list of suppliers, communications regarding markets running, CRE annual activity report. (author)

  5. Electricity and gas market observatory. 1. quarter 2006

    International Nuclear Information System (INIS)

    2006-01-01

    Since July 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: practical information for eligible customers: consumer guide, list of suppliers, communications regarding markets running, CRE annual activity report. (author)

  6. Electricity and gas market observatory. 4. 2005 quarter

    International Nuclear Information System (INIS)

    2005-01-01

    Since July 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: practical information for eligible customers: consumer guide, list of suppliers, communications regarding markets running, CRE annual activity report. (author)

  7. Electricity and gas market observatory. 2. 2005 quarter

    International Nuclear Information System (INIS)

    2005-01-01

    Since July 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: practical information for eligible customers: consumer guide, list of suppliers, communications regarding markets running, CRE annual activity report. (author)

  8. Electricity and gas market observatory. 3. 2005 quarter

    International Nuclear Information System (INIS)

    2005-01-01

    Since July 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: practical information for eligible customers: consumer guide, list of suppliers, communications regarding markets running, CRE annual activity report. (author)

  9. U.S. Natural Gas Market: a disequilibrium approach

    International Nuclear Information System (INIS)

    Barret, C.

    1992-01-01

    Because of the regulatory environment established since its beginning, the U.S. natural gas market has always been, according to the experts in the field, in disequilibrium. The gas shortages of the 70's and the gas bubble of the 80's make it famous as a failure of the regulation. The purpose of this paper is to use disequilibrium econometrics in order to investigate the state of the market in the period 1960 - 1990. We compare the results of various formulations. The results give a confirmation of the expected state of the market and estimates of supply and demand elasticities. 13 refs., 2 figs., 7 tabs

  10. Natural gas prices in the Maritimes : an energy market assessment

    International Nuclear Information System (INIS)

    2004-03-01

    The National Energy Board monitors the supply and price of natural gas in the Maritimes. This report contains the results and analysis of a survey of the wholesale natural gas prices paid by Canadian buyers in the Maritimes from November 2002 to October 2003. The objective of the report is to improve the understanding of the market factors that influence wholesale natural gas prices in the Maritimes. A comparative evaluation of domestic and export prices shows that Canadian buyers have had access to gas at prices similar to the export market at St. Stephen, New Brunswick. Since the number of participants in the domestic market is low, only four large buyers have a major impact on average prices in the region. The challenge for small buyers will be to buy gas from others who can divert some of their own sales of use. However, these sellers may not want to over-commit to new firm sales in case they have to re-purchase the gas during shortages that may occur due to fluctuations in production or shipping. It was noted that a new gas supply into the region would support many buyers and sellers, and could lead to a more transparent Maritime natural gas market. The National Energy Board is satisfied that the Maritime natural gas market is currently performing as well as can be expected, given its young stage of development. 1 tab., 8 figs., 1 appendix

  11. The new natural gas futures market - is it efficient?

    International Nuclear Information System (INIS)

    Herbert, J.H.

    1993-01-01

    Aspects of the natural gas futures market are discussed. In particular, the efficiency of the natural gas futures market is evaluated using a regression equation. It is found that the market has behaved more like an inefficient market than an efficient one. A variety of tests are applied to the estimated equation. These tests suggest that the estimated equation provides a good summary of the relationship between spot and futures prices for the time period. In addition, the equation is found to produce accurate forecasts. (Author)

  12. Annual survey on the natural gas market: results for 2013

    International Nuclear Information System (INIS)

    Cadin, Didier; Moreau, Sylvain

    2015-02-01

    Illustrated by graphs and tables, this publication presents and discusses data regarding the French natural gas market in 2013: origin of the consumed gas and share of the national production, evolution of the inlet-outlet ratio for gas-pipe and gas harbour terminals in France, adjustment of resources to demand in terms of jobs, production, imports and storage, evolution of stored quantities, evolution of consumption, evolution of consumption per sector since 2007, regional supplies in 2012 and 2013

  13. Market liberalization in the European Natural Gas Market : The importance of capacity constraints and efficiency differences

    OpenAIRE

    S. Brakman; J.G.M. van Marrewijk; A. van Witteloostuijn

    2009-01-01

    In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen for at least two reasons. First, energy markets, including the market for natural gas, are characterized by imperfect competition and increasing costs to develop new energy sources. As a result, new e...

  14. A report on the futures market in natural gas

    International Nuclear Information System (INIS)

    Davis, R.R.

    1991-01-01

    The New York Mercantile Exchange (NYMEX) natural gas futures contract was introduced on April 3, 1990, offering natural gas producers, marketers, and end users an important new tool to manage price risk. Each NYMEX natural gas contract unit consists of 10,000 million Btu and trades over twelve consecutive months. The NYMEX delivery location is at the Henry Hub in Erath, Louisiana. The contracts are designed to align with certain industry practices, including pipeline nomination deadlines and traditional bid-week pricing. Contract volume has grown to an average daily figure of nearly 1,400 in the first 18 months of contract trading. A peak volume of 8,739 contracts was achieved on June 24, 1991. End-users currently represent under 2% of the futures market. The ratio of open interest to volume is very low, indicating the high concentration of commercial vs investor interest in the natural gas futures market. Gas marketers are the most active users of the futures market, making up over 60% of reportable open interest. Many producers, end-users, and local distribution companies hedge indirectly through marketers. The next largest holders of open interest are producers. A few local distribution companies are also entering the futures market, and interest in this market from all segments of the industry is increasing. 3 figs

  15. Busy season: Trading... natural gas marketers revel in regulatory changes

    Energy Technology Data Exchange (ETDEWEB)

    Lorenz, A.

    1998-01-05

    Natural gas marketers are anxiously awaiting the second upheaval in the market as the states in the USA begin to deregulate the electric industry in the first few months of 1998. Given that natural gas as the power source of choice to generate electricity is rapidly gaining universal acceptance, the deregulation of electricity spells great opportunities for the natural gas industry. Prior to deregulation of the natural gas industry, supply aggregators such as Pan-Alberta Gas Ltd., ProGas Ltd., and Westcoast Gas Services Inc., held most of the contracts with the U.S. interstate pipelines. Following deregulation, producers began to sell gas directly to Canadian and U.S. local distribution companies and cogeneration plants. Independent marketers also joined the fray, buying from the producers and reselling on the open market. Recently, producers appeared to be changing course, moving from selling primarily to marketers such as Enron in the USA and Engage Energy and Duke Energy in Calgary, to establishing and solidifying relationships directly with consumers. The pros and cons of these new market trends were explored. It also attempted to determine the effects of these changing trends on the gas and electricity industries, and to sort out the winners and losers in this scramble to gain a share of the market. As far as Canadian producers are concerned, short-term contracts are the favoured form of marketing their product. Despite many uncertainties in this transition period, they expect to continue drilling in anticipation of rising demand and rising prices in the near term.

  16. The players on the European gas market - 2008 edition

    International Nuclear Information System (INIS)

    Lecarpentier, Armelle

    2008-02-01

    In a context of growing dependence on extra-European sources, a growth potential in gas use for power generation and the acceleration of the liberalization process, the 2008 Edition of 'The Players on the European Gas Market' offers a unique detailed review of the positioning of players in both the upstream (production, reserves) and downstream (wholesale and retail supply) sectors of the gas chain. This 140-pages report, includes 55 tables and 29 figures, and presents an in-depth description of the European gas industry by country. The Survey 'The Players on the European Gas Market' provides: - The analysis of new upstream areas and production growth prospects, - Company rankings in terms of reserve and production volumes, - The complete overview of the whole European gas market (market characteristics, supply sources, consuming outlets, effective competition), - Strategies and key facts of the wholesale suppliers to Europe, - An in-depth review of national market structures, - The detailed positioning and analysis of national market power of the numerous companies involved in gas supply

  17. Maritimes natural gas market : an overview and assessment

    International Nuclear Information System (INIS)

    Booth, G.

    2003-01-01

    In 1987, Canada's National Energy Board (NEB) adopted a market-based procedure (MBP) to assess long-term gas exports. The MPB included monitoring and assessment of Maritimes natural gas markets. The NEB is responsible for interprovincial and international oil and gas pipelines as well as tolls and tariffs on NEB-regulated pipelines. The NEB is also responsible for electricity and natural gas exports and exploration programs on federally regulated lands not covered by an Accord agreement. The province of New Brunswick requested a new set of rules for the export of natural gas from the Maritimes to ensure competitiveness with other jurisdictions. The NEB decided that the public interest is best served by allowing the market to work. It also decided that the developing Maritimes market faces several challenges not faced by buyers in the export market. It was concluded that the market is working reasonably well to meet the needs of domestic consumers. 20 per cent of Scotian gas is being used in the Maritimes and many laterals have been constructed to extend service. Most major population centres have natural gas. However, there is no residential or commercial natural gas service in Nova Scotia, and only limited penetration of natural gas in residential and commercial markets in New Brunswick. Maritimers have a long history of using other fuel options and must make capital investment to switch to natural gas. They must, therefore, be convinced that investment will pay off in fuel savings and other benefits. The NEB will have to improve price transparency and strive for regulatory efficiency and cooperation with other jurisdictions. 2 figs

  18. Liberalization of the Swiss electricity and gas market

    International Nuclear Information System (INIS)

    Cattin, J.

    1999-01-01

    The Swiss government intends to liberalize the electricity and gas market. Competition is to be introduced in the electricity sector first because the European Union is also giving priority to this industry. Moreover, electricity prices in Switzerland are too high. The principle of market liberalization is not contested, but the route to be taken to achieve this goal is a matter of heated controversy. Opinions on the power line network, non-amortizable investments, hydropower plants or the pace of market liberalization still differ too widely. Liberalization of the gas market is also in preparation, but the problems here are less complex. This is because competition already exists on the heating market. In addition, domestic gas prices are not much higher than those charged in other countries. (author)

  19. Market penetration of natural gas in Europe

    International Nuclear Information System (INIS)

    Haas, R.; Wirl, F.

    1992-01-01

    The strategy of restricting natural gas to noble uses (directive of EEC and endorsed by the IEA) impeded gas expansion despite substantial upward revisions in the assessment of available resources. However, increasing environmental concern slowly but gradually undermines this strategy because natural gas serves as a substitute for costly abatement. This article discusses the prospect of future natural gas consumption considering economic and ecological facts as well as strategic and political considerations. In fact, we argue that inconsistent political interventions first seriously lowered gas penetration but now favor its use

  20. LDC gas buyers adjusting to vastly changed market

    International Nuclear Information System (INIS)

    Share, J.

    1997-01-01

    In a just-released study, RKS Research and Consulting reported that while power and gas marketing firms may become key players in the deregulated energy business, few of their customers and seeing a national leader emerge. The report said while 75% of large customers interviewed already use energy marketers, only 25% evidence a clear understanding of these firms' skills and product /offerings. The study found that the energy users considered reliable energy supply, service dependability and quality/reliability of fuel sources their top three criteria and apply that to utilities and energy marketing firms. The marketers may offer some unique services, such as a commanding market presence, fuel diversity, skill in using financial derivatives and record of successful risk management, but those offerings are generally at the bottom of the list that energy users use when considering power and gas marketers, the study said. What does this all mean to the gas utilities, both in terms of buying supplies as well as providing gas against their newly emerging competitors? The author asked gas buyers from five LDCs to discuss the challenges they face in doing their jobs today. Their comments are relevant because it is not only an example of a new way of doing business, but is also indicative of the choices and problems one will endure in buying energy in an increasingly deregulated environment. And remember this: the utilities are still the predominant buyers of gas

  1. LDC gas buyers adjusting to vastly changed market

    Energy Technology Data Exchange (ETDEWEB)

    Share, J.

    1997-11-01

    In a just-released study, RKS Research and Consulting reported that while power and gas marketing firms may become key players in the deregulated energy business, few of their customers and seeing a national leader emerge. The report said while 75% of large customers interviewed already use energy marketers, only 25% evidence a clear understanding of these firms` skills and product /offerings. The study found that the energy users considered reliable energy supply, service dependability and quality/reliability of fuel sources their top three criteria and apply that to utilities and energy marketing firms. The marketers may offer some unique services, such as a commanding market presence, fuel diversity, skill in using financial derivatives and record of successful risk management, but those offerings are generally at the bottom of the list that energy users use when considering power and gas marketers, the study said. What does this all mean to the gas utilities, both in terms of buying supplies as well as providing gas against their newly emerging competitors? The author asked gas buyers from five LDCs to discuss the challenges they face in doing their jobs today. Their comments are relevant because it is not only an example of a new way of doing business, but is also indicative of the choices and problems one will endure in buying energy in an increasingly deregulated environment. And remember this: the utilities are still the predominant buyers of gas.

  2. Electricity and gas market Observatory - 4. Quarter of 2010

    International Nuclear Information System (INIS)

    2010-12-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  3. Electricity and gas market Observatory - 4. Quarter of 2012

    International Nuclear Information System (INIS)

    2012-12-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  4. Electricity and gas market Observatory - 3. Quarter of 2011

    International Nuclear Information System (INIS)

    2011-09-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  5. Electricity and gas market Observatory - 2. Quarter of 2012

    International Nuclear Information System (INIS)

    2012-06-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  6. Electricity and gas market Observatory - 4. Quarter of 2011

    International Nuclear Information System (INIS)

    2011-12-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  7. Electricity and gas market Observatory - 1. Quarter of 2012

    International Nuclear Information System (INIS)

    2012-03-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  8. Electricity and gas market Observatory - 1. Quarter of 2011

    International Nuclear Information System (INIS)

    2011-03-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  9. Electricity and gas market Observatory - 3. Quarter of 2012

    International Nuclear Information System (INIS)

    2012-09-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  10. Electricity and gas market Observatory - 2. Quarter of 2011

    International Nuclear Information System (INIS)

    2011-06-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  11. Changing patterns of competition in European gas markets

    International Nuclear Information System (INIS)

    Heren, P.

    1996-01-01

    Despite a period of statism in the European natural gas market, the author argues that economic, political and regulatory pressures are approaching which will force dramatic change in the market, and identifies factors relating to pipeline capacity, competition, prices and market changes and fuel use which will drive the changes. A historical perspective is used as a framework to explain the inevitability of these changes. (UK)

  12. The European Gas and Oil Market: The Role of Norway

    International Nuclear Information System (INIS)

    Harbo, F.

    2008-01-01

    The research question of this paper is related to the role of Norway in the European gas and oil market. This study aims to give a presentation of the energy policy in Norway and Norwegian participation at the European level. The first chapter will introduce Norwegian relations with Europe. For the purpose of my research, I will focus mainly on Norwegian energy policy in the second chapter, presenting Norway's oil industry in chapter 2.1.; Norwegian gas production in chapter 2.2.; and the Norwegian electrical power system in chapter 2.3. The sub-chapter 2.4. will analyse in detail the activity of the largest Norwegian oil and gas company, StatoilHydro. The third chapter will be dedicated to Norway's green energy policy (wind, sun and water), etc. The fourth chapter looks at the European perspective and will examine the European strategic gas and oil market in a globalized world. The fifth chapter will present Norway's participation in the European gas and oil market. Such strategic research must also include a look at the European Union's (EU) energy market development between Russia and Norway, which will be presented in chapter six. And finally, Norway's contribution to the development of an EU energy policy in fighting climate change will be emphasised in chapter seven. This research will analyse the following central issues: - Norwegian oil industry, - Norwegian gas production, - Norwegian electrical power system, - Norwegian challenges in the European gas and oil market. (author)

  13. The EU's major electricity and gas utilities since market liberalization

    International Nuclear Information System (INIS)

    Schuelke, Christian

    2011-06-01

    A major change has taken place in the company structure of the European electricity and gas markets. Twenty years ago, national or regional monopolies dominated the markets and there was strictly no competition between utilities. But since the liberalization of EU energy markets began in the 1990's, companies like E.ON, GDF Suez, EDF, Enel, and RWE have become European giants with activities in a large number of Member States. The advocates of market liberalization did not expect, or even intend, the emergence of a small number of large utilities that control an increasing part of the EU market. Some observers already claim that liberalization has led to an oligopoly with detrimental consequences for competition. Based on extensive background research, this book presents a fact-based analysis of the changes in the European utility sector since the 1990's. Case studies of the seven largest utilities illustrate how companies adapted their strategies to the changing market environment. The author underlines diverging choices and common trends like geographic expansion into new markets via mergers and acquisitions or diversification of business activities with the aim of using synergies between electricity and gas. Contents: Executive Summary. Introduction. Seven Case Studies of Changing Strategies of Major European Energy Utilities since Market Liberalization (E.ON, GDF Suez, EDF, Enel, RWE, Iberdrola, Vattenfall, Other European Utilities). Overview of Major National and Regional Electricity and Gas Market in the EU (Germany, France, United Kingdom, Italy, Spain, Nordic, Belgium and the Netherlands, Central and Eastern Europe). Conclusions. Annex. Bibliography

  14. Risks in global natural gas markets: Investment, hedging and trade

    International Nuclear Information System (INIS)

    Egging, Ruud; Holz, Franziska

    2016-01-01

    Recent supply security concerns in Europe have revived interest into the natural gas market. We investigate infrastructure investment and trade in an imperfect market structure for various possible risks for both supply and demand. We focus on three possible scenarios in a stochastic global gas market model: (i) transit of Russian gas via Ukraine that may be disrupted from 2020 on; (ii) natural gas intensity of electricity generation in OECD countries that may lead to higher or lower natural gas demand after 2025; and (iii) availability of shale gas around the globe after 2030. We illustrate how the timing of investments is affected by inter-temporal hedging behavior of market agents, such as when LNG capacity provides ex-ante flexibility or an ex-post fallback option if domestic or nearby pipeline supply sources are low. Moreover, we find that investment in LNG capacities is more determined by demand side pull – due to higher needs in electric power generation – than by supply side push, e.g. higher shale gas supplies needing an outlet. We focus on Europe, North America, and China that are the world's most important gas consuming and supplying regions. - Highlights: •We use the stochastic variant of the multi-period Global Gas Model. •We investigate the effects of uncertainty in Russian exports, demand, and shale gas. •We find that LNG is preferred as hedging option in anticipation of uncertain events. •Pipelines may be chosen as recourse decision after uncertain events realized. •China will dominate the global natural gas market regardless the scenario.

  15. Can LNG increase competitiveness in the natural gas market?

    Energy Technology Data Exchange (ETDEWEB)

    Dorigoni, Susanna [IEFE, Bocconi University, 1, via Roentgen, 20136 Milan (Italy); Graziano, Clara [University of Udine (Italy); Pontoni, Federico [IEFE, Bocconi University (Italy)

    2010-12-15

    The article develops an oligopoly model to analyze the potential role of LNG in the liberalization of gas market. The assumptions of the model and its results are then discussed using the forecasts of gas demand and production for the next two or three decades. (author)

  16. 77 FR 51795 - Coordination Between Natural Gas and Electricity Markets

    Science.gov (United States)

    2012-08-27

    ... structures and mix of resources that co-exist. The Commission anticipates that the differing perspectives of... transmission provider and its marketing function) need to be clarified or potentially revised to improve gas... coordinate studies of the natural gas and electric systems to analyze forecasted resource mix and/or...

  17. Six Latin American countries could join in new gas market

    International Nuclear Information System (INIS)

    Bechelli, C.M.; Brandt, R.D.

    1991-01-01

    The development of a regional natural gas market in southern Latin America based on a common pipeline network is a clear possibility in the medium term. This paper is, therefore, important to summarize precisely the present status and outlook for the natural gas industry in Argentina, Brazil, Bolivia, Chile, Uruguay, and Paraguay

  18. Regulatory reform in the Indonesian Natural Gas Market

    NARCIS (Netherlands)

    Hutagalung, Aldi; Arentsen, Maarten; Lovett, Jon

    2011-01-01

    This paper analyses the problems and dilemmas Indonesia is facing in the upstream and downstream segments of the gas market and the remedies suggested and practiced in Indonesia to mitigate the problems. Indonesia is a country gifted with natural resources, including natural gas and oil. The

  19. Strategy implications of world gas market dynamics

    NARCIS (Netherlands)

    Weijermars, R.

    2011-01-01

    Global trends – past and future – of world natural gas consumption, production, reserves, and prices are highlighted here analyzing the BP Statistical Review of World Energy 2011, the BP Energy Outlook 2011, and the latest natural gas data from the world’s major energy agencies. Growing demand and

  20. Trends in gas marketing: the role of public relations

    Energy Technology Data Exchange (ETDEWEB)

    Vinegrad, A.

    1978-01-01

    By effectively communicating company policies and relevant information concerning the energy situation both to the general public and to employees, public-relations efforts can make a substantial contribution to the success of marketing gas supplies in the future, according to the British Gas Corp. The public's perception of such issues as the availability of gas, assuredness of supply, cost relative to competing sources of energy, environmental impact of gas-industry operations, security of the consumer's investment in major appliances, fairness of pricing policies, quality of the gas product, and efficiency of service will significantly influence the industry's ability to retain a rasonable share of the energy market. To maintain credibility with the public, gas-industry public-relations personnel will have to explain the dimensions and complexity of industry operations while meeting the consumer's expectations for increasing levels of service.

  1. The Swiss gas market - Facts and figures of today

    International Nuclear Information System (INIS)

    Pfander, M.

    1999-01-01

    This contribution presents a selection of the latest statistical data about the current state of development of the Swiss gas market. The sales and consumer structure areas are the focal points. The key data are clarified by graphics or shown in tabular form with brief comments. The following topics are dealt with: gas balance and sources of natural gas supply for Switzerland, natural gas sales by regions and cantons, energy consumption in the different consumption sectors, heating structure of residential accommodation according to energy sources, trend of natural gas consumption in Switzerland and elsewhere in Europe. (author)

  2. Market value-oriented gas pricing in Germany

    International Nuclear Information System (INIS)

    Eimermacher, T.

    1996-01-01

    In Germany, natural gas faces stiff competition from other types of energy. In many applications, natural gas is capable of replacing other fuels. In addition there is a growing gas-to-gas competition in some European countries, either through pipeline construction by a competitor as in Germany or by mandatory third-party access as in UK. Competition leads to market value-oriented energy pricing, which is particularly evident in Germany. For the consumer, this competitive situation ensures that natural gas can be obtained (and remains available in the long term) at competitive prices

  3. Canadian natural gas : market review and outlook

    International Nuclear Information System (INIS)

    2001-01-01

    This annual working paper provides summaries of trends within the North American natural gas industry and also reviews Canadian gas exports. It is designed to promote dialogue between industry and the government and to obtain feedback on natural gas issues. The main section of the report consists of graphs, with limited text comments on the side. It provides a structured look at supply and demand for the year 2000 as well as for the near term (2001) and long-term (2010). The sources of information included private consultants, industry associations and federal agencies in Canada and the United States. It was shown that gas demand had grown steadily in North America since 1997, at about 2.5 per cent annually, and then fell 3.4 per cent in 1998 and remained low in 1999, below 1997 demand. This was due mainly to mild winters. In 2000, the demand for natural gas increased again to 5 per cent as a result of a colder winter and increased gas use for power generation. The report also stated that the combination of various factors including low storage balances due to previously low drilling years and high oil prices, were responsible for natural gas price increases in 2000. The tight supply/demand balance was exacerbated by restraints in pipeline capacity. Producers and pipeline groups are now looking seriously at developing the large gas deposits in Alaska and the Mackenzie Delta which were previously considered to be uneconomic. It was noted that in the near term, storage must be rebuilt to normal levels. Storage balances will be a good indicator of the relative strengths of gas production and demand growth. It was forecasted that Canada to U.S. gas exports should continue to increase in 2001 as a large new export pipeline was completed in 2000, but there is considerable uncertainty for the medium to longer-term. refs., tabs., figs

  4. Opportunities and challenges in developing gas markets in South America

    Energy Technology Data Exchange (ETDEWEB)

    Duarte, Cristiano Boaventura [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil)

    2008-07-01

    The article has the objective of identifying and analyzing the key market levers and drivers, emerging issues and challenges in developing the gas markets in South America. In section 1, the paper provides an overview of the most relevant indicators in the natural gas markets of the region. Data such as natural gas proven reserves; production; consumption; trade movements (by pipeline and LNG) and main aspects of regulatory framework are shown. In section 2, some of the key challenges and opportunities in developing gas markets in the region are identified, including those relating to market integration, political aspects and the main players' investments. In section 3, possible strategies from governments and enterprises to overcome those challenges, and seize the potential opportunities of the region are examined. In section 4, the conclusions point to the potential of developing the gas markets as a means to diversify the energy sources in the region, fostering a successful process of economic growth and political integration in the area. (author)

  5. Effects of liberalizing the natural gas markets in Western Europe

    International Nuclear Information System (INIS)

    Golombek, R.; Gjelsvik, E.; Rosendahl, K.E.

    1994-01-01

    The aim of this paper is to examine the impact of liberalization of the West-European natural gas markets within a numerical model. The authors study profit maximizing Cournot producers facing an ideal third party access for gas transport in Western Europe. In each country there are two types of end-users, small consumers in the residential, commercial and public sector and large users in the manufacturing industry and in the electric power supply. The analysis proceeds in stages. First the case where no traders exploit arbitrage possibilities and some producers have limited access to the markets is examined. In this equilibrium net prices differ across markets. These differences disappear in the second case where traders are introduced. The third case focuses on a complete European market for natural gas in which traders exploit all arbitrage possibilities and all producers are in a position to sell gas in all markets. The impact on the complete European market of changes in costs of production, costs of transport and costs of distribution is studied. Finally, the impact of banning gas sales consortia in Western Europe is studied. It is shown that this measure increases welfare in Western Europe, whereas profits to non-European producers decrease. 31 refs., 12 tabs

  6. Impact of electric industry deregulation on gas markets: a power marketer's perspective

    International Nuclear Information System (INIS)

    Jahns, F.H.

    1996-01-01

    The impact of electric industry deregulation on gas markets was examined. The presentation included industry comparisons of 1994 gas total revenues versus electricity total revenues for residential, commercial, and industrial use. A chart forecasting the outlook for gas-fired generation of electric power indicated that the use of natural gas as feedstock for power generation will increase from 12% to 37% during the period 1994 to 2003. 16 figs

  7. A complementarity model for solving stochastic natural gas market equilibria

    International Nuclear Information System (INIS)

    Zhuang Jifang; Gabriel, Steven A.

    2008-01-01

    This paper presents a stochastic equilibrium model for deregulated natural gas markets. Each market participant (pipeline operators, producers, etc.) solves a stochastic optimization problem whose optimality conditions, when combined with market-clearing conditions give rise to a certain mixed complementarity problem (MiCP). The stochastic aspects are depicted by a recourse problem for each player in which the first-stage decisions relate to long-term contracts and the second-stage decisions relate to spot market activities for three seasons. Besides showing that such a market model is an instance of a MiCP, we provide theoretical results concerning long-term and spot market prices and solve the resulting MiCP for a small yet representative market. We also note an interesting observation for the value of the stochastic solution for non-optimization problems

  8. A complementarity model for solving stochastic natural gas market equilibria

    International Nuclear Information System (INIS)

    Jifang Zhuang; Gabriel, S.A.

    2008-01-01

    This paper presents a stochastic equilibrium model for deregulated natural gas markets. Each market participant (pipeline operators, producers, etc.) solves a stochastic optimization problem whose optimality conditions, when combined with market-clearing conditions give rise to a certain mixed complementarity problem (MiCP). The stochastic aspects are depicted by a recourse problem for each player in which the first-stage decisions relate to long-term contracts and the second-stage decisions relate to spot market activities for three seasons. Besides showing that such a market model is an instance of a MiCP, we provide theoretical results concerning long-term and spot market prices and solve the resulting MiCP for a small yet representative market. We also note an interesting observation for the value of the stochastic solution for non-optimization problems. (author)

  9. Length of marketing channels in sales of gas boilers

    Directory of Open Access Journals (Sweden)

    Jovičić Dragoljub

    2012-01-01

    Full Text Available Depending on the number of institutions participating in this marketing channel and depending on the number of channel members, the literature usually classifies marketing channels into direct and indirect. There is also the third modality, which occasionally occurs in commercial practice, representing a mix of marketing flows characteristic of the two basic models, called the quasi-direct marketing channel. This channel model usually occurs during the placement of production goods, or as it is also often said in the 'industrial marketing'. When the placement of gas boilers in Serbian market is concerned quasi-direct marketing channels are applied very often, especially when it comes to large quantities because of their suitability, faster and more efficient distribution, and significantly lower transport and storage costs.

  10. Europe's Common Market: Natural gas sector normatives and certification

    International Nuclear Information System (INIS)

    Musazzi, V.

    1992-01-01

    Europe's Common Market offers an interesting challenge to its member countries' natural gas distribution system operators in that which regards the creation of a European-wide natural gas control board, and European standardization and regulatory committees contemporaneously guaranteeing a free market for suppliers, as well as, consumer protection. Relative legislation and normatives activities will be deemed the responsibility of the European administrative structure and the the European Normatives Committee respectively. This paper briefly illustrates the progress that has been accomplished thus far in the standardization of technical aspects. Focus is on the certification of natural gas distribution system constructors

  11. Gas Markets in Asia. Current situation, prospects and challenges

    International Nuclear Information System (INIS)

    Lecarpentier, Armelle

    2013-01-01

    Past and recent factors point to a remarkable growth of the Asian market in the medium and long term. This growth will depend on structural and institutional evolutions on the Asian market. Some regulatory and liberalization reforms have already been initiated to support the development of gas but this will require a long process. Oil-indexing will prevail for a long time (but which slope?) Supply flexibility must be improved (relaxation of destination clauses, quantity tolerances) to create a competitive gas market. Marketing innovations expected in new long-term contracts to enhance flexibility whilst preserving investment security. A growing portfolio approach (LNG portfolio, pipeline imports, unconventional gas) is implemented. In conclusion, regional cooperation among Asian buyers is very important

  12. Gas pricing in Europe. Pt. 1. Wholesale markets

    International Nuclear Information System (INIS)

    Donath, R.

    1996-01-01

    The article investigates gas pricing in the European procurement market and the wholesale markets of the most important EU consumer markets. It demonstrates that value-oriented pricing principles override cost-oriented pricing principles. For one thing, and independently of pricing principles, two- or three-part demand price systems or basic price systems are common. For another, the frequently encountered opportunities for the differentiation of prices show that as long as there is merely substitution competition instead of direct competition, gas suppliers have a certain degree of freedom in fixing their prices. By contrast, the introduction of direct competition in Great Britain has reduced suppliers' individual price fixing margins, because short-term supply and demand variations in the now created spot market are decisive for gas pricing. (orig.) [de

  13. Electric power geneation and other gas market opportunities

    International Nuclear Information System (INIS)

    Lucy, M.S.

    1991-01-01

    The future market for natural gas in the northeast USA is discussed. A strong market demand for natural gas is foreseen to continue because of the need for clean burning electric generation facilities and the low saturation of overall natural gas use in the northeast. Although total gas sales increased 30% in the northeast from 1978 to 1989, and conversion of commercial businesses and houses to natural gas use is increasing, the northeast still remains highly dependent on oil as an energy source. For example, nearly 60% of all the oil used to generate electricity and ca 70% of all the home heating oil used the USA is burned in the northeast. The northeast currently receives ca 4.3 billion ft 3 /d of gas, 80% from Louisiana and Texas. With the addition of a number of pipeline projects, another 4.2 billion ft 3 /d will be added by 1992. Power demand is growing, and many New England generation plants are 30 years old or more and in need of upgrading. Natural gas is the fuel of choice for new installations because of pollution regulations, low capital costs, competitive gas pricing, and other factors. A recent report projects that ca 68% of the planned cogeneration capacity in New England will be fuelled by natural gas, requiring an additional 200.7 billion ft 3 /d in the northeast. Another market with strong potential for continued growth is the residential sector, where only 61% of households with gas service use gas for heating. Natural gas vehicle development is being stimulated by mandates for alternative fuelled vehicle fleets; an increase in gas demand of 600 billion ft 3 by 2005 is projectd, based on increased use of natural gas vehicles. 2 figs., 6 tabs

  14. Middle East natural gas - getting it to markets

    International Nuclear Information System (INIS)

    Skinner, R.

    1996-01-01

    Middle East gas reserves, production, and consumption were presented graphically, along with the demand for 'piped' or liquefied natural gas in the Middle East itself, in Asia and in Europe. The European gas market outlook was examined, taking into account economic growth, EEC restructuring, crude oil prices and their effects on net-backs, deregulation and competitive grid-based energy, upstream and midstream investments under conditions of price uncertainty, and environmental and social influences. Middle East pipeline proposals (17 projects) for a total of 34,943 kilometres of pipeline, were reviewed. The general conclusion was that (1) the Middle East has lots of gas, (2) both Asia and Europe will be substantial markets for Middle East LNG despite the 'tyranny of distance', and (3) pipelines to these markets will be built in the longer-term. tabs., figs

  15. Medium-Term Oil and Gas Markets 2011

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-06-16

    Oil and gas markets have been marked by an increased divergence in recent months. On the one hand, oil market developments have generated an unpleasant sense of deja vu: rapid demand growth in emerging markets eclipsed sluggish supply growth to push prices higher even before the conflict in Libya tightened supplies still further. Oil prices around $100/bbl are weighing down on an already-fragile macroeconomic and financial situation in the OECD, pressuring national budgets in the non-OECD and causing price inflation of other commodities, as well as political concerns about speculation. There is an uncanny resemblance to the first half of 2008. On the other hand, in the world of natural gas an amazing disconnect has developed as demand recovered to well above pre-financial-crisis levels in most major regions. Gas markets have tightened in Europe and Asia, where prices are about twice the level seen in the United States, as the unconventional gas revolution is in full swing. From the upstream implications of the Arab Spring to the macroeconomic consequences of the eurozone crisis, energy markets are experiencing one of the most uncertain periods in decades. This publication provides a comprehensive outlook for oil and gas fundamentals through 2016. The oil market analysis covers demand developments on a product-by-product and key-sector basis, as well as a detailed bottom-up assessment of upstream and refinery investments, trade flows, oil products supply and OPEC spare capacity. The gas market analysis offers a region-by-region assessment of demand and production, infrastructure investment, price developments and prospects for unconventional gas. It also examines the globalising LNG trade.

  16. Entry and Exit Dynamics of Nascent Business Owners

    DEFF Research Database (Denmark)

    Rocha, Vera; Carneiro, Anabela; Varum, Celeste

    2015-01-01

    This paper reports a comprehensive study on the dynamics of nascent business owners using a unique longitudinal matched employer–employee dataset. We follow over 157,000 individuals who leave paid employment and become business owners during the period 1992–2007. The contributions of this paper...... are twofold. First, we analyze both entry and exit, identifying and characterizing different profiles of individuals leaving paid employment to become business owners, and distinguishing exits by dissolution from exits by ownership transfer. Second, we provide new evidence on how particular experiences...... in the labor market and entry modes shape the post-entry dynamics of nascent business owners. By differentiating between different entry and exit routes, this paper provides new evidence on different human capital patterns among nascent business owners and on key determinants of entrepreneurial survival. Our...

  17. Gas-Electricity Convergence and foreclosure market

    International Nuclear Information System (INIS)

    Barquin Gil, J.

    2007-01-01

    Gas-electricity convergence is a relatively recent industrial trend. It can significantly increase energy sector efficiency. However, it also raises the possibility on anti-competitive behaviours. One of these problems is the so-called input foreclosure. It happens when a natural gas dominant firm restricts its access to its electricity sector competitors. This paper intends to briefly introduce the issue, with special focus in aspects relevant for the Spanish case. (Author)

  18. Thesis: the ''evolutions of the long term European gas market - organisation and costs''

    International Nuclear Information System (INIS)

    Ouvry, V.

    1998-01-01

    This paper presents the main conclusions of the thesis defended by the author on January 30, 1998: recalls of some characteristics of the European gas market, the stakes of the gas market liberation, the regulatory aspects, the tariffs problem, the competition in the gas marketing segment, and different possible modeling of the gas market evolution (contracts, costs, competition). (J.S.)

  19. Independents in European Gas Markets after liberalisation - downstream integration of upstream oil and gas companies

    International Nuclear Information System (INIS)

    Eikeland, Per Ove

    2005-01-01

    A central objective of gas market liberalisation in Europe in the 1990s was to increase competition by opening end-use markets for independent suppliers. Upstream oil and gas companies in Europe reacted to this opportunity by announcing strategies to integrate forward in European gas markets. By late 2004, however, upstream companies still recorded generally weak downstream strategy implementation in Europe. The article concludes that this general implementation gap should be explained by political failure in EU member states to abolish gas market barriers to entry for independents. Variation between companies in degree of implementation should be explained by variation in conditions in the companies' home markets / wider business spheres and internal company factors. (Author)

  20. Markets for British Columbia natural gas

    International Nuclear Information System (INIS)

    Maerz, D.H.; Coad, L.A.

    1990-11-01

    An evaluation is presented of the outlook for the British Columbia natural gas industry and the fundamentals underlying both the increase in activity and the longer-term outlook for the natural gas sector are examined. The basis for the analysis was the North American Regional Gas (NARG) model, to which a number of modifications were made. The level of natural gas resource assumed for northeastern British Columbia corresponds to an ultimate potential of 50 Tcf. Significant growth in production over the outlook period (1988-2007) is predicted. High rates of utilization on the Westcoast system underscore the need for significant capacity expansion if the production levels projected for the mid-1990s are to be achieved. Natural gas production is projected to be sustained at the 800 billion cubic foot level from the mid-1990s onwards, with the majority of the production growth occurring between 1992 and 1997. Significant growth in exports is projected, especially when capacity is available to move gas supplies directly into the California and Rocky Mountain regions in the US. These two transport corridors represent over half the increase in British Columbia production between 1992 and 1997. 53 refs., 15 figs., 26 tabs

  1. Medium-Term Gas Market Report 2013: Market Trends and Projections to 2018

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-06-01

    Global growth in natural gas use slowed measurably in 2012, although it still exceeded that of oil and total energy use. Among the headwinds facing gas are continuing weak demand in Europe, resilience of coal in North America as well as persistent bottlenecks and disruptions in the LNG value chain that in 2012 caused an exceptional global decline of LNG supply. At the same time, Asian demand for gas remains red-hot, and gas is beginning to gain traction as a transport fuel. The IEA new Medium-Term Gas Market Report provides a detailed analysis of demand, upstream investment and trade developments through 2018 that will shape the gas industry and the role of gas in the global energy system. Its special sections investigate the economic viability of gas-fired power generation in Europe, the prospects for an LNG trading hub in Asia as well as the potentially transformational role of natural gas in transport. Amid a continuous regional divergence between North American abundance, European weakness and Asian thirst for LNG, the 2013 Medium Term Gas Market Report will investigate the key questions that the gas industry faces. These include the prospect of the United States becoming a major gas exporter, the challenges of securing enough gas to meet China’s growth, and the ability of Russian gas – spurred both by weak EU demand and resurgent domestic production – to find its manifest destiny in Asia.

  2. Conference Reports:Strategies for marketing natural gas in the era of the mega-marketer

    International Nuclear Information System (INIS)

    Anon.

    1997-01-01

    This Insight conference was held to review the legal aspects of marketing strategies within the natural gas industry in light of the current trend of mergers and alliance activity within the energy industry. The deregulation of the natural gas industry, the resulting competitive marketplace, and the changes in marketing strategies resulting from these developments were the principal themes. The changing roles of decision makers, management and consultants within the industry were scrutinized

  3. North American Natural Gas Markets: Selected technical studies. Volume 3

    Energy Technology Data Exchange (ETDEWEB)

    Huntington, H.G.; Schuler, G.E. [eds.

    1989-04-01

    The Energy Modeling Forum (EMF) was established in 1976 at Stanford University to provide a structural framework within which energy experts, analysts, and policymakers could meet to improve their understanding of critical energy problems. The ninth EMF study, North American Natural Gas Markets, was conducted by a working group comprised of leading natural gas analysts and decision-makers from government, private companies, universities, and research and consulting organizations. The EMF 9 working group met five times from October 1986 through June 1988 to discuss key issues and analyze natural gas markets. This third volume includes technical papers that support many of the conclusions discussed in the EMF 9 summary report (Volume 1) and full working group report (Volume 2). These papers discuss the results from the individual models as well as some nonmodeling analysis related to US natural gas imports and industrial natural gas demand. Individual papers have been processed separately for inclusion in the Energy Science and Technology Database.

  4. North American Natural Gas Markets: Selected technical studies

    Energy Technology Data Exchange (ETDEWEB)

    Huntington, H.G.; Schuler, G.E. (eds.)

    1989-04-01

    The Energy Modeling Forum (EMF) was established in 1976 at Stanford University to provide a structural framework within which energy experts, analysts, and policymakers could meet to improve their understanding of critical energy problems. The ninth EMF study, North American Natural Gas Markets, was conducted by a working group comprised of leading natural gas analysts and decision-makers from government, private companies, universities, and research and consulting organizations. The EMF 9 working group met five times from October 1986 through June 1988 to discuss key issues and analyze natural gas markets. This third volume includes technical papers that support many of the conclusions discussed in the EMF 9 summary report (Volume 1) and full working group report (Volume 2). These papers discuss the results from the individual models as well as some nonmodeling analysis related to US natural gas imports and industrial natural gas demand. Individual papers have been processed separately for inclusion in the Energy Science and Technology Database.

  5. North American Natural Gas Markets: Selected technical studies

    International Nuclear Information System (INIS)

    Huntington, H.G.; Schuler, G.E.

    1989-04-01

    The Energy Modeling Forum (EMF) was established in 1976 at Stanford University to provide a structural framework within which energy experts, analysts, and policymakers could meet to improve their understanding of critical energy problems. The ninth EMF study, North American Natural Gas Markets, was conducted by a working group comprised of leading natural gas analysts and decision-makers from government, private companies, universities, and research and consulting organizations. The EMF 9 working group met five times from October 1986 through June 1988 to discuss key issues and analyze natural gas markets. This third volume includes technical papers that support many of the conclusions discussed in the EMF 9 summary report (Volume 1) and full working group report (Volume 2). These papers discuss the results from the individual models as well as some nonmodeling analysis related to US natural gas imports and industrial natural gas demand. Individual papers have been processed separately for inclusion in the Energy Science and Technology Database

  6. The role of Liquefied Natural Gas (LNG) in the European gas market

    International Nuclear Information System (INIS)

    Mahan, A.

    2003-06-01

    The purpose of this paper is to discuss the role that Liquefied Natural Gas (LNG) might play in the future EU gas market. LNG imports are not likely to have a place in the Netherlands soon, but they could make an important contribution to the volume and diversity of Europe's gas supplies. An important characteristic of LNG is its inherently high costs, throughout the whole chain, from the wellhead to the market. These costs are considerably higher than the costs of bringing oil to the market. Cost considerations, in combination with the rigidity of the gas market, have led to the use of long-term contracts as a basis for the business, as is the case for the long haul pipeline gas business. Costs have come down considerably and further cost reductions are 'in the pipeline'. While this does not alter the fundamentals of the business it has nonetheless helped to extend the reach of LNG. LNG from the Middle East to Europe has now become economically feasible. The high gas prices of recent years have further fuelled the expansion of the LNG business. Supported by a rapidly growing global economy at the turn of this century, many prospects are under development. The positive economic outlook has seen more speculative positioning in every segment of the LNG chain, while more vertical integration has been industry's response to market liberalisation. The more recent slowdown of the market economies has created a surplus of LNG, which is finding its way onto the markets through short-term and spot transactions. The short-term business will grow over the next few years as more LNG and shipping capacity comes on-stream. However, given underlying high costs and limited flexibility, it should be expected that new projects, currently under consideration, will only be developed on the basis of long-term contracts, thus returning to a balance between supply and demand. For these same reasons, LNG will not likely develop the same the liquidity as that of the oil market. The global

  7. Will southern California remain a premium market for natural gas?

    International Nuclear Information System (INIS)

    John, F.E.

    1991-01-01

    Average yearly demand for natural gas in southern California totalled just over 3 billion ft 3 /d in 1991 and is projected to increase to just over 3.2 billion ft 3 /d in 2000 and 3.4 billion ft 3 /d in 2010. In the core residential market, demand is being driven by population growth and offset by conservation measures. In the core commercial and industrial market, demand is driven by employment growth and offset by conservation. In the noncore market, natural gas use is expected to fall from 262 million ft 3 /d in 1991 to 223 million ft 3 /d in 2010. Demand for natural gas for cogeneration is expected to either remain stagnant or decrease. The largest potential for market growth in southern California is for utility electric generation. Demand in this sector is expected to increase from 468 million ft 3 /d in 1991 to 1 billion ft 3 in 2010. Air quality concerns furnish a market opportunity for natural gas vehicles, and a substantial increase in natural gas demand might be obtained from even a modest market share of the region's 10 million vehicles. Existing pipeline capacity is sufficient to supply current average year requirements, and the need for new capacity hinges on the issues of satisfying high-year demand, meeting market growth, and accessing more desirable supply regions. Planned capacity additions of 2,150 million ft 3 /d, if completed, will bring substantial excess capacity to southern California in the late 1990s. The competitive advantages of various producing regions will then be greatly influenced by the rate designs used on the pipelines connecting them to the market. 4 tabs

  8. The pricing of natural gas in US markets

    International Nuclear Information System (INIS)

    Brown, S.P.A.; Yucel, M.K.

    1993-01-01

    Our econometric evidence indicates that changes in natural gas prices are unequal in the long run. Nonetheless, all downstream prices change by at least as much as the average well-head price. Statistically, residential and commercial prices change as much as the city gate price. In the face of persistent shocks, however, market institutions and market dynamics can lead to lengthy periods in which the residential and commercial prices of natural gas adjust less than the wellhead or city gate prices. Electrical and industrial users of natural gas rely heavily on spot supplies and can switch fuels easily. Their ability to switch fuels may be related to the development of a spot market to serve them. Reliance on the spot market may explain why these end users have seen a greater reduction in natural gas prices than have the LDCs over the past seven years. The ability to switch fuels may account for electrical and industrial prices being the source of shocks in their relationships with the wellhead price. It also may explain why prices in these end-sue markets are quick to adjust. Commercial and residential customers cannot switch fuels easily and rely heavily on LDCs for their natural gas. The inability of these end users to switch fuels probably contributes to the reluctance of LDCs to purchase spot supplies of gas. Reliance on contract supplies may explain why the city gate price has not declined as much as electrical and industrial prices of natural gas over the past seven years. Furthermore, the LDCs administer prices in the commercial and residential markets under state regulation

  9. Decoupling the Oil and Gas Prices. Natural Gas Pricing in the Post-Financial Crisis Market

    International Nuclear Information System (INIS)

    Kanai, Miharu

    2011-01-01

    This paper looks into natural gas pricing in the post-financial crisis market and, in particular, examines the question whether the oil-linked gas pricing system has outlived its utility as global gas markets mature and converge more rapidly than expected and as large new resources of unconventional gas shift the gas terms-of-trade. Two opposing natural gas pricing systems have coexisted for the last two decades. On the one hand, there is traditional oil-linked pricing, used in pipeline gas imports by Continental European countries and in LNG imports by the countries in Far East. The other is the system led by futures exchanges in deregulated, competitive markets largely in the UK and the US. World gas markets are changing and the basis and mechanisms of price formation are changing with them. There is no reason to expect a revolution in gas pricing, but formulas designed to address the challenges of the 1970's will need to adjust to the realities of the present and expectations for the 21. century. Because such changes will imply a redistribution of costs and benefits, vested shareholders will defend the status quo. But hopefully and ultimately, appropriately regulated markets will assert themselves and shareholders along the entire value chain will have their interests served

  10. Landfill gas for energy utilisation. A market strategy for Europe

    International Nuclear Information System (INIS)

    1995-05-01

    The Biogas and Landfill Gas Marketing Strategy Group was set up with the objective to advise EU-DG 17 (THERMIE/OPET) on the dissemination strategies for biogas and landfill gas (LFG), a subsector of the Renewable Energy Sector (RES). The Marketing Strategy Group has identified market barriers and users' needs in the biogas and LFG subsector. Subsequently, the group evaluated successful instruments/methods to overcome these market barriers and to satisfy the users' needs. The group investigated the feasibility of transposing these instruments/success stories to other countries. The work of the Marketing Strategy Group resulted in proposals for future dissemination of biogas and LFG technology. After a short introduction into LFG technology and the LFG market, this document describes barriers to landfill gas technology dissemination and gives some examples about how to overcome them. This results in recommendations on a strategy for dissemination of LFG technology and expanding LFG markets. The document is mainly based on experience gained in the United Kingdom, Italy and the Netherlands

  11. US natural gas markets: how efficient are they?

    International Nuclear Information System (INIS)

    Herbert, J.H.; Kreil, Erik

    1996-01-01

    In this communication we discuss some key features of the natural gas cash and futures markets for natural gas in the USA. We also summarize some important and interesting problems in these markets. For example, the market does not appear to be informationally efficient throughout the USA. This lack of efficiency has been addressed by the establishment of a second futures contract market. There is also a very active unregulated derivatives market in which options and swaps are bought and sold. Although the market has changed significantly to better respond to changes in market conditions there are still problems in the way that pipeline space is allocated by pipeline companies, who still own the pipe, to those companies that have rights to this space. There are also problems in that prices for gas and transport are not transparent to many buyers and sellers. Moreover, there are also important idiosyncracies and industry practices that impede progress. None the less, the different parts of the industry with different interests and expertise and the regulatory authority continue to work at crafting rules to improve business behaviour and performance. (Author)

  12. A complementarity model for the European natural gas market

    International Nuclear Information System (INIS)

    Egging, Ruud; Gabriel, Steven A.; Holz, Franziska; Zhuang, Jifang

    2008-01-01

    In this paper, we present a detailed and comprehensive complementarity model for computing market equilibrium values in the European natural gas system. Market players include producers and their marketing arms which we call 'traders', pipeline and storage operators, marketers, LNG liquefiers, regasifiers, tankers, and three end-use consumption sectors. The economic behavior of producers, traders, pipeline and storage operators, liquefiers and regasifiers is modeled via optimization problems whose Karush-Kuhn-Tucker (KKT) optimality conditions in combination with market-clearing conditions form the complementarity system. The LNG tankers, marketers and consumption sectors are modeled implicitly via appropriate cost functions, aggregate demand curves, and ex post calculations, respectively. The model is run on several case studies that highlight its capabilities, including a simulation of a disruption of Russian supplies via Ukraine

  13. The tenth CERI [Canadian Energy Research Institute] international oil and gas markets conference

    International Nuclear Information System (INIS)

    1991-01-01

    At a conference on oil and gas markets, papers were presented on oil market instability and its impact on economic development, international energy policy, oil supply and demand, natural gas liquids sales, world gas trade, gas markets in Europe and Asia, petroleum industry activities and their relation to government, oil refining and product market developments, and the North American natural gas market. Separate abstracts have been prepared for 25 papers from this conference

  14. Hyper market of the Natural Gas

    International Nuclear Information System (INIS)

    2002-01-01

    The article tries about the Center of Commercialization of Gas-CCG located in Bogota where experts take charge minute to minute that and that fuel that ECOPETROL sells arrives every day to its final destination. They work 24 hours during 365 days, they receive and they respond in time their clients' record applications, they analyze rates; they sell, they negotiate, they give the prices, but the mainly, they control the key that guarantees that the Colombians receive the supply of natural gas on time. It has the most modern tip technology and a complete system of compute that allows knowing the requirements of the buyers in real time. From there they decide that natural gas will be made every day and they detect quickly where flaws are presented. The CCG sells every month an average of $35.000 millions. Although the thermal plants are the biggest buyers of natural gas in the country, some industrial clients and big companies have begun the conversion of their teams to make use of this fuel, recognized in the world to be more economic and cleaner for the environment

  15. Asymmetric price responses, market integration and market power: A study of the U.S. natural gas market

    International Nuclear Information System (INIS)

    Murry, Donald; Zhu, Zhen

    2008-01-01

    We studied the market performance at selected, representative natural gas trading hubs in the U.S. and documented different price behaviors among various hubs. With NYMEX prices as the competitive benchmark, we found empirically that the spot price responses at some trading hubs were systematically asymmetric, thus demonstrating a market advantage by either buyers or sellers. We further found that the presence of market power was a very plausible explanation for this price behavior at some hubs. (author)

  16. Information transmission and market interactions across the Atlantic. An empirical study on the natural gas market

    International Nuclear Information System (INIS)

    Kao, Chung-Wei; Wan, Jer-Yuh

    2009-01-01

    This paper studies the international information transmission and market interactions in the U.S. and U.K. natural gas markets. Three well documented approaches are used to measure the relative importance on the process of price discovery under a quadvariate system. After adjusting the effects of nonsynchronous trading prices, robust results indicate our system that includes spot and futures prices within the two countries are driven by one common factor. Information disseminates efficiently among the four markets concerned. The U.S. futures market dominates as the center for price discovery. The U.K. futures market comes as the second. The spot markets in the U.S. and U.K. are less efficient than their corresponding futures market, where the U.K. spot market contributes the least and almost zero to the price discovery process. Asymmetric volatility spillovers are found in three of the four markets. Volatility in the U.S. futures market increases with positive returns which illustrates the inverse leverage effect in most of the commodity market. Volatilities in the spot markets are negatively related to returns, which is analogous to the traditional leverage effect prevailing in most of the equity stock markets. (author)

  17. What lies ahead in the gas marketing business following Enron

    International Nuclear Information System (INIS)

    Lydiatt, I.

    2004-01-01

    Energy Trust Marketing Ltd. provides gas supply and transportation services to industrial and wholesale markets in Canada and the northern United States. It also provides producer services to small oil and gas companies in Alberta. Half of Energy Trust Marketing is owned by 5 Calgary-based energy trust companies. This presentation focused on how supply markets have changed from the days when large trading merchant companies dominated the industry. In particular, this paper outlined the pre-collapse structure of energy merchants; the collapse; knee-jerk reactions; post-collapse and the new order; credit challenges; new industry dynamics; opposing views; the real loss; energy trusts; and, understanding risk and mitigation drivers. It was noted that in the current market, suppliers pay more attention to financial trading opportunities and majors are more active in areas that were dominated by utility merchants. Mid market production is now the domain of Energy Trusts who produce and expand with the lowest possible risk profile to better serve industrial and retail markets. Energy Trusts currently represent more than 10 per cent of the Western Canada Sedimentary Basin (WCSB) production. It was noted that supply economics are related to transportation costs, commodity prices, the difference between drilling costs and revenues, the maturity of both markets and reserves, and activity in other commodities. tabs., figs

  18. Strengthening Canada's position in the North American natural gas market

    International Nuclear Information System (INIS)

    2001-09-01

    The Canadian Gas Association (CGA) is the industry organization that represents the Canadian natural gas and energy delivery industry. It is on the frontline of consumer perceptions regarding natural gas, which is the fuel of choice for Canadian homeowners. Canadian consumers have benefitted from the deregulation initiatives of the mid-1980s which provided significant growth opportunities. Given the tumultuous energy environment throughout North America, the CGA believes that a national energy strategy should be developed to address future supply issues and also to examine ways to ensure that extreme market shifts are anticipated and mitigated as much as possible. The CGA is ready to provide governments with input for such a strategy representing the perspective of the Canadian consumer. The CGA recommends that the Government of Canada, the provinces and territories adopt the following initiatives regarding the use of natural gas: (1) recognize and promote the environmental qualities and applications of natural gas, (2) encourage competition, (3) promote transparent and consistent approach to regulation, (4) reaffirm commitment to market-based policies, (5) facilitate economic research, analysis and communication about trends in the natural gas market, and (6) promote the development of new technologies that expand the uses of natural gas and support research in infrastructure development. The government's actions in the areas proposed in this report will contribute to advancing Canada's environmental objectives and economic growth. 2 figs

  19. Global impact of uncertainties in China’s gas market

    International Nuclear Information System (INIS)

    Xunpeng, Shi; Variam, Hari Malamakkavu Padinjare; Tao, Jacqueline

    2017-01-01

    This paper examines the uncertainties in Chinese gas markets, analyze the reasons and quantify their impact on the world gas market. A literature review found significant variability among the outlooks on China's gas sector. Further assessment found that uncertainties in economic growth, structural change in markets, environmental regulations, price and institutional changes contribute to the uncertainties. The analysis of China’s demand and supply uncertainties with a world gas-trading model found significant changes in global production, trade patterns and spot prices, with pipeline exporters being most affected. China's domestic production and pipeline imports from Central Asia are the major buffers that can offset much of the uncertainties. The study finds an asymmetric phenomenon. Pipeline imports are responding to China's uncertainties in both low and high demand scenarios while LNG imports are only responding to high demand scenario. The major reasons are higher TOP levels and the current practice of import only up to the minimum TOP levels for LNG, as well as a lack of liberalized gas markets. The study shows that it is necessary to create LNG markets that can respond to market dynamics, through either a reduction of TOP levels or change of pricing mechanisms to hub indexation. - Highlights: • Economic growth, regulations, reforms and shale gas cause the uncertainties. • Pipeline exporters to China and Southeast Asian and Australian LNG exporters affected the most. • China’s domestic production and pipe imports offset much of the uncertainties. • Pipeline imports are responding to China’s uncertainties in both low and high demand. • LNG imports are only responding to high demand scenario.

  20. LP-gas marketers nationwide reveal hardships encountered during crisis

    Energy Technology Data Exchange (ETDEWEB)

    1990-04-01

    The authors report on a survey of 150 randomly-selected LP-gas marketers nationwide. Replies were solicited from every major geographical region. The purpose of the survey was to obtain a comprehensive sampling of information on local price increases, shipping difficulties, relations with customers, and strategies for the future. This paper presents a profile that sums up the effects of the propane emergency on marketers and customers.

  1. Liberalization of the natural gas market in Norway

    International Nuclear Information System (INIS)

    Van Uchelen, W.J.N.; Roggenkamp, M.M.

    2003-01-01

    During the last few years, the gas market in Norway has been subject to an impressive amount of regulatory reform. Such reform was driven by the necessity to liberalise and internationalise this market in relation to state participation, the abolition of centralised gas sales, and the implementation of the gas directive. The part privatisation of Statoil (in excess of 18%) has been an important step in enabling this company to transform into an international player, managed in alignment with private investors' requirements for cost effectiveness. In addition, the transfer from Statoil to Petoro of management responsibilities regarding the Norwegian state's direct economic interests in exploration and production activities enables a clearer division between private and public interests. Regardless of these changes, the ownership interests and influence of Statoil in the oil and gas industry remain considerable. The abolition of centralised gas sales has led to an obligation for all gas producers to sell their equity gas on an individual basis. This has created a foundation for more competition on the supply side. In order to be able to compete, most of the existing gas sales agreements have had to be renegotiated, the process of which is by now almost complete. A prerequisite for further competition is that more uncontracted gas will be produced. A number of further competition restraints relating to the transport of gas can now be dealt with through the application of a set of new rules, which form the implementation of the gas directive. These rules, together with the harmonised ownership structure of all main gas export pipelines (Gassled), can contribute to the effective utilisation of the upstream gas infrastructure, through independent operatorship (Gassco) and non-discriminatory access. In order for the rules to serve this purpose in practice, it will be necessary for Gassco to develop into a pro-active and visibly independent operator [nl

  2. Gas/electric convergence: the role of marketers

    Energy Technology Data Exchange (ETDEWEB)

    Merritt, M. [Westcoast Gas Services, Vancouver, BC (Canada)

    1997-04-01

    The role of marketers in the convergence of the gas and electric power industry was discussed. Marketers are a byproduct of deregulation. They create competition, increase industry efficiency and lower customer and regulatory costs. To stay in business, marketers must provide customers with what they want. To achieve this, electricity, which is now fully bundled (capacity, generation, energy, transmission, VAR`s, and reliability) must be unbundled. This means that the marketer must strip down the bundle and repackage the components into bundles that meet the customers` needs. The nature of convergence (retailing efficiencies of scale, leveraged growth, price correlation, risk management, arbitrage opportunities) and the forces driving it (the emergence of natural gas as the fuel of choice, marketer`s requirements to manage risk, the influence of arbitrage, consumer-driven price, and the demand for choice) were reviewed. Two practical illustrations, one from Alberta and one from the California/Oregon border area of how gas/electric convergence works in the real world, were described. 4 figs.

  3. Structuring strategy and relationships in North American gas markets

    International Nuclear Information System (INIS)

    Fisher, J.

    1998-01-01

    Duke Energy's experience in strategy development and structuring relationships with other companies were described. Included was a description of their partnership with PanEnergy and Mobil and a merger between PanEnergy and Duke. In developing their growth strategy, Duke Energy was guided by the following considerations: (1) an assessment of the market, (2) the identification of opportunities, (3) a self-assessment, (4) the establishment of goals, and (5) determining strategic alternatives. The advantages and disadvantages of different structuring relationships were reviewed. Duke Energy's approach to Ontario's residential market and their agreement with Alliance Gas Management were also discussed. The goal of the Alliance Gas management agreement was to simplify Alliance's wholesale gas supply management needs and to allow Alliance access to diverse gas supplies. figs

  4. The Maritimes natural gas market overview and assessment : an energy market assessment

    International Nuclear Information System (INIS)

    2003-06-01

    The National Energy Board continually monitors the supply of all energy commodities in Canada along with the demand for Canadian energy commodities in domestic and export markets. This report provides an assessment of the functioning of the natural gas market in the Maritimes and discusses several issues facing the market. The focus of the report is on the existing markets served by the Maritimes and Northeast Pipeline (M and NP) in Nova Scotia and New Brunswick. It also includes Prince Edward Island, another Maritime market that may be served by the pipeline before the end of the decade. Since the initiation of the Sable Offshore Energy (SOE) Project more than 3 years ago, pipeline facilities have been built off the mainline M and NP system to serve Halifax and Point Tupper in Nova Scotia, and Saint John, Moncton, and St. George in New Brunswick. Enbridge Gas New Brunswick has built distribution facilities in Fredericton and Oromocto, New Brunswick to serve large industrial, commercial and residential consumers. A distribution system has not been set up for residential or commercial customers in Nova Scotia. Approximately 20 per cent of the Scotian production is being consumed in the Maritimes, while 80 per cent of the gas produced from the SOE Project is being exported to the United States. Despite the high export, the Board is satisfied that the market is working to the benefit of Canadians because energy users in the Maritimes already have access to a variety of fuels at competitive prices. The Maritimes also benefited from the development of the natural gas industry and the export market has provided a large anchor market necessary for the development of offshore reserves. Domestic demand has also grown due to a pipeline system policy that has maintained low transportation rates to domestic users. The challenges facing the Maritimes gas market include the fact than many of the markets in the Maritimes are small, thereby reducing the economics of serving these

  5. Determining the fair market value of gas plants

    International Nuclear Information System (INIS)

    Severs, K.H.F.

    1999-01-01

    Issues regarding ownership and transfer arrangements of natural gas processing facilities are reviewed. Means by which to determine the worth of a processing plant (capacity, throughput, process fees, plant limitation, reservoir capability, gathering system capacity, production to reserve ratios), the valuation process and the risks to consider are also examined. In the final analysis the mark of fair market value is a successfully completed negotiation. It should represent a win-win situation for both the plant owner and the gas producer

  6. The UK gas market in transition to competition

    International Nuclear Information System (INIS)

    Helm, D.

    1997-01-01

    Virtually every aspect of the UK gas market is currently experiencing rapid change and major uncertainties. The fast-track to full competition in 1998 requires a new customer-handling infrastructure, new rules and new marketing strategies.The introduction of competition in the UK is proving more complex than most of its architects assumed. The UK provides considerable evidence not only on market design but also the management of the transitional process. The path from a state-owned monopoly through privatisation to competition is overviewed, and some of the lessons are considered which other countries (and the European Commission) contemplating reforms may glean from the UK experience. (R.P.)

  7. The EU's Major Electricity and Gas Utilities since Market Liberalization

    International Nuclear Information System (INIS)

    Schulke, Ch.

    2010-01-01

    A major change has taken place in the company structure of the European electricity and gas markets. Twenty years ago, national or regional monopolies dominated the markets and there was strictly no competition between utilities. But since the liberalization of EU energy markets began in the 1990's, companies like E.ON, GDF Suez, EDF, Enel, and RWE have become European giants with activities in a large number of Member States. The advocates of market liberalization did not expect, or even intend, the emergence of a small number of large utilities that control an increasing part of the EU market. Some observers already claim that liberalization has led to an oligopoly with detrimental consequences for competition. Based on extensive background research, this book presents a fact-based analysis of the changes in the European utility sector since the 1990's. Case studies of the seven largest utilities illustrate how companies adapted their strategies to the changing market environment. The author underlines diverging choices and common trends like geographic expansion into new markets via mergers and acquisitions or diversification of business activities with the aim of using synergies between electricity and gas. (author)

  8. Prospective of the Natural Gas marketing 2002-2011

    International Nuclear Information System (INIS)

    2002-01-01

    According with the 109 Th Article of the Natural Gas Regulations the Secretaria de Energia publishes this prospective of the Natural gas market 2002-2011 which describes and analyses the necessities of Mexico in relation with this industry in the mentioned period. Here aspects such as: the present and future international panorama of the natural gas market, international prices, the world demand with base in the Department of Energy (DOE) turnover of the United States, Advances of the in force regulatory framework, Sales, the National Gas pipeline system, Evolution of the National market, Demand at regional and sectoral scales, Supply analysis, Programs and projects of energy savings, natural gas balance with the high demand scene, the methodology of the Instituto Mexicano del Petroleo for calculating the self-generation demand of the electric energy by sector, a glossary with the more used terms, conversion factors and abbreviations and acronyms used in the document are treated. In the next ten years, the national demand of natural gas will suffer an annual average growth of 7.4% passing from 4358 millions of daily cubic feet (mm pcd) in 2001 to 8883 mm pcd in 2011. (Author)

  9. Natural gas contracts in an emerging competitive market

    International Nuclear Information System (INIS)

    Sutherland, R.J.

    1992-01-01

    Natural gas is being viewed by many as the fuel of the 1990s and beyond because of its environmental qualities, relatively low cost and significant domestic resource base. However, in the Fall of 1991, a group of electric utility executives met with then Deputy Secretary of Energy Henson Moore and asserted that an inability to obtain long term gas contracts meant that supplies are unreliable and construction of gas-fueled generating stations is being discouraged. This study was requested by the Deputy Secretary to address the issues surrounding long-term gas contracts and supply reliability. The relationship between supply reliability and contracts is explained in terms of the number of buyers and sellers in a market. With the appropriate state regulatory policies, utilities can contract for gas and obtain reliable supplies at competitive market prices. Public utility commissioners are encouraged to permit utilities a free choice in signing gas contracts, but to allow only competitive market prices to be reflected in allowable fuel costs

  10. French wholesale electricity and gas markets in 2007. Monitoring report

    International Nuclear Information System (INIS)

    2008-12-01

    Settled on 24 March 2000, the French Energy Regulatory Commission (CRE) is an independent authority. CRE supports an efficient functioning of the electricity and natural gas markets, to the advantage of final consumers. CRE ensures the absence of any discrimination, cross subsidy or obstacle to competition. CRE has examined the functioning of the wholesale markets for electricity and gas for the year 2007. The report discloses the results of a first set of analyses, as well as the next actions to be conducted in order to explain some observed behaviour. On the basis of analyses led on the electricity market, CRE observes that nuclear generation was marginal during 15% of the hours in 2007. Hydraulic generation was marginal during 25% of the hours, coal generation during 25% to 30% of the hours and oil generation during less than 2% of the hours in 2007. Finally, prices on the border markets were of high importance on the French prices which they determined during 20% to 25% of the hours of the year. On an efficient market, the price is driven by the marginal power plant among all those which contribute to satisfy the demand. Therefore the wholesale price formation is conditioned by the frequency of marginality of each generation sector and by the associated valuation of production. On the day-ahead market, when nuclear or hydraulic generation was marginal, the day-ahead price reflected the associated valuation which was decided by EDF. The level of this valuation was generally higher than the marginal generation cost of these plants. As a matter of fact, a producer, even market dominant, may legitimately seek to optimise its income, provided that there is no abuse of a dominant position or any price manipulation. Consequently, at this stage, the relevance of the valuation method for nuclear and hydraulic generation on the wholesale market is still to be checked. CRE has also demonstrated that generation transparency, even if it gradually increased, still needs to

  11. Outlook for the world gas market

    International Nuclear Information System (INIS)

    Chabrelie, M.F.

    2004-01-01

    Driven by an economic growth of 3.2%, world energy demand could grow by about 1.7%/year by 2030, according to the IEA (WEO 2004), representing a global increase of almost 60% over 2002. Fossil fuels, which meet more than 80% of world primary energy needs, will continue to play a major role, as they are abundant and well adapted to various uses. Already underway for more than a decade, energy diversification in favour of gas will continue, stimulated by the need for using more environment-friendly sources of energy. (author)

  12. Eligibility in the electricity and gas retail markets in Spain

    International Nuclear Information System (INIS)

    Marti, F.

    2003-01-01

    The true liberalization of the electricity and gas retail markets in Spain was initiated in 1997 and 1998 respectively with the approval of the Electricity Act and the Hydrocarbons Act that set up the regulatory framework for both sectors. The initial eligibility calendars established were speeded up by later legal dispositions which set the full eligibility in January 2003. Therefore in January the number of eligible consumers increased from 65,000 electricity consumers to 22 million and from around 5,000 gas consumers to 4.5 million. In Spain there has been however a coexistence of a liberalized market and a regulated market. While in the liberalized market the consumer will pay a regulated Third Party Access (TPA) tariff for the use of the network and a free price for the energy, in the regulated market the consumer will pay all-inclusive tariffs which are established by the Government in the case of the electricity tariffs and by the Ministry of Economy in the case of the gas tariffs. Today any electricity and gas consumer can choose whether he wants to be supplied through the regulated market or through the liberalized one. Only the electricity HV (High Voltage Supply) all-inclusive tariffs are to disappear in 2007. No date has been set for the others. Also important is to highlight the increase in the consumption of both energy sources. The electricity demand has increased about 38 percent from 1997 (155 TWh/year) to 2002 (214 TWh/year). The gas sector, on the other hand, has increased at a higher rate. From 150 TWh/year in January 1999 to almost 270 TWh/year in July 2003, an 80 percent increase in four and a half years.(author)

  13. Natural gas markets and the creation of an export gas pipeline system in Eastern Russia

    International Nuclear Information System (INIS)

    Saneev, B.G.; Sokolov, A.D.; Popov, S.P.

    2003-01-01

    The world natural gas markets are analysed, with a special focus on the countries of Northeast Asia (NEA). The natural gas demands of China, Japan and South Korea, until the year 2020, is projected, considering a possible share of Russian gas. The resource potential of natural gas from the Siberian platform and the Sakhalin shelf is given as a sound basis for fuelling Russia's position in the natural gas market of NEA countries. Development of the powerful gas industry in the East of Russia faces some particular conditions that can decrease the effectiveness of investments. The eastern geopolitical direction is very important for Russia and the necessity to create a favourable political and economic environment for oil and gas export is of prime interest, as stressed in Energy Strategy for Russia till the Year 2020. In this context, the long-term market for natural gas in East Siberia and the Far East of Russia is investigated. Possible routes of natural gas export from Russia to NEA countries include three main directions: to the west of China with connection to the 'West-East gas pipeline', a route through and/or round Mongolia and, finally, a route along the Trans-Siberian or Baikal-Amur railroads to Russian ports in the Far East. As a result of complex studies, three stages in the creation of the unified gas pipeline system are suggested. Evaluation of the investments required for construction of such a natural gas pipeline system, expected gas volumes and prices on the markets show its high economic efficiency. In conclusion, the most valuable ideas are stressed. (author)

  14. The oil and gas equipment and services market in Nigeria

    International Nuclear Information System (INIS)

    2003-01-01

    The oil and gas market in Nigeria is being expanded by the Nigerian government over the 2003-2010 period through increased exploration and production (E and P) in new areas. Other measures being implemented are the improvements of structural flaws that hamper industry growth, the modernization of the weak downstream sector, and attempts to attract foreign investment and technologies required for petroleum development. In 2001, it was estimated that the market for oil and gas equipment in Nigeria was approximately 1.03 billion dollars, and is expected to reach 1.15 billion dollars in 2002. In deep-sea areas, major offshore E and P projects are being planned by large oil multinationals. The implementation of several gas-related E and P operations and major liquefied natural gas (LNG) and gas-to-liquid (GTL) projects are being supported by the government of Nigeria to develop the natural gas sector. Onshore and offshore exploration, surveying and geophysical prospecting, drilling equipment, facilities maintenance, deepwater E and P, equipment for LNG/GTL facilities, enhanced recovery equipment and services, gas re-injection technology, pipelines, and the refinery sector are all areas where Canadian equipment and service suppliers could benefit from opportunities in Nigeria. One of the most prominent foreign player in the Nigerian market is Royal Dutch Shell. As far as the offshore deepwater E and P sub-sector, the three major players are Shell, ChevronTexaco, and ExxonMobil. The Nigerian government advocate in upstream and downstream oil industries in the country is Nigeria National Petroleum Corporation (NNPC). The primary domestic end-users of oil and gas equipment and services are member companies of the Nigerian Association of Indigenous Petroleum Exploration Companies (NAIPEC). Canadian companies are encouraged to form joint venture partnerships in oil and gas projects, as foreign majors operating in Nigeria tend to rely on the skills and expertise of foreign

  15. Gas analysis modeling system forecast for the Energy Modeling Forum North American Natural Gas Market Study

    International Nuclear Information System (INIS)

    Mariner-Volpe, B.; Trapmann, W.

    1989-01-01

    The Gas Analysis Modeling System is a large computer-based model for analyzing the complex US natural gas industry, including production, transportation, and consumption activities. The model was developed and first used in 1982 after the passage of the NGPA, which initiated a phased decontrol of most natural gas prices at the wellhead. The categorization of gas under the NGPA and the contractual nature of the natural gas market, which existed at the time, were primary factors in the development of the basic structure of the model. As laws and regulations concerning the natural gas market have changed, the model has evolved accordingly. Recent increases in competition in the wellhead market have also led to changes in the model. GAMS produces forecasts of natural gas production, consumption, and prices annually through 2010. It is an engineering-economic model that incorporates several different mathematical structures in order to represent the interaction of the key groups involved in the natural gas market. GAMS has separate supply and demand components that are equilibrated for each year of the forecast by means of a detailed transaction network

  16. Pricing of natural gas in the west European market

    International Nuclear Information System (INIS)

    Radetzki, M.

    1992-01-01

    Since the mid-1970s, pricing of natural gas in western Europe, both at the import level and at the final consumer level, has been monopolistic, with virtually all the monopoly rent accruing to the producers and their governments. Since the late 1980s, the pricing modes have been experiencing strain. Producers are disillusioned by stifled market growth and unused production capacity. Simultaneously, the roles of the national transmission companies as guarantors of market stability are being questioned and diluted. The alternative arrangements for pricing gas in western Europe that may emerge during the 1990s are considered, and the ensuing implications for market development are discussed. It is suggested that the competitive producer price could settle substantially below the price equivalence band with oil, given the long-range forecasts for oil between $15 and $20/bbl for the turn of the century. With gas prices below the price equivalence band, market growth would speed up and substitution would increase the share of gas in total energy consumption. 26 refs., 5 figs

  17. Analysis of markets for biofuels - Theme: Vehicle gas market; Analys av marknaderna foer biodrivmedel - Tema: Fordonsgasmarknaden

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-07-01

    In 2011 the Energy Agency was given an annual mission, which involved analyzing the current and future markets for ethanol and bio diesel. The mission resulted in a report that did a thorough analysis of price and market mechanisms in the Swedish and international market. This year's report aims to provide a situation analysis of the markets for ethanol and bio diesel, both first and second generation, with additional focus on certain market issues. This time, the Agency has also been asked to consider the market for vehicle gas, something that was not part of the original mandate from 2011. Regarding ethanol and bio diesel so have indentations made primarily on European protection duties.

  18. Commercial sector gas cooling technology frontier and market share analysis

    International Nuclear Information System (INIS)

    Pine, G.D.; Mac Donald, J.M.; McLain, H.A.

    1990-01-01

    This paper describes a method, developed for the Gas Research Institute of the United States, that can assist planning for commercial sector natural gas cooling systems R and D. These systems are higher in first cost than conventional electric chillers. Yet, engine-driven chiller designs exist which are currently competitive in U.S. markets typified by high electricity or demand charges. Section II describes a scenario analysis approach used to develop and test the method. Section III defines the technology frontier, a conceptual tool for identifying new designs with sales potential. Section IV describes a discrete choice method for predicting market shares of technologies with sales potential. Section V shows how the method predicts operating parameter, cost, and/or performance goals for technologies without current sales potential (or for enhancing a frontier technology's sales potential). Section VI concludes with an illustrative example for the Chicago office building retrofit market

  19. US North Slope gas and Asian LNG markets

    Science.gov (United States)

    Attanasi, E.D.

    1994-01-01

    Prospects for export of liquified natural gas (LNG) from Alaska's North Slope are assessed. Projected market conditions to 2010 show that new LNG capacity beyond announced expansions will be needed to meet regional demand and that supplies will probably come from outside the region. The estimated delivered costs of likely suppliers show that Alaska North Slope gas will not be competitive. The alternative North Slope gas development strategies of transport and sale to the lower 48 states and use on the North Slope for either enhanced oil recovery or conversion to liquids are examined. The alternative options require delaying development until US gas prices increase, exhaustion of certain North Slope oil fields, or advances occur in gas to liquid fuels conversion technology. ?? 1995.

  20. Market for oil and gas assets defined in survey

    International Nuclear Information System (INIS)

    Taggart, L.; Murry, D.A.

    1991-01-01

    This paper reports that hundreds of companies are currently active in the oil and gas acquisition and disposition marketplace, but unfortunately, the entire sale process within the industry continues to operate inefficiently. The mechanism for selling oil and gas properties in this secondary market - as used here, a term that excludes initial investments in oil and gas assets and sales of drilling program shares - is sort of catch-as-catch- can. Identifying who is seeking what type of property at any time is difficult, bordering on guesswork. A recent survey of 186 company representatives and individuals, who declared themselves as in the market, disclosed some of this information at a point in time

  1. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 3. Quarter 2014

    International Nuclear Information System (INIS)

    2014-09-01

    The wholesale markets Observatory aims to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key Graphs and graphs) are detailed in the second part

  2. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 1. Quarter 2015

    International Nuclear Information System (INIS)

    2015-03-01

    The wholesale markets Observatory aims to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key Graphs and graphs) are detailed in the second part

  3. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 4. Quarter 2015

    International Nuclear Information System (INIS)

    2015-12-01

    The wholesale markets Observatory aims to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key Graphs and graphs) are detailed in the second part

  4. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 2. Quarter 2014

    International Nuclear Information System (INIS)

    2014-06-01

    The wholesale markets Observatory aims to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key Graphs and graphs) are detailed in the second part

  5. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 2. Quarter 2015

    International Nuclear Information System (INIS)

    2015-06-01

    The wholesale markets Observatory aims to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key Graphs and graphs) are detailed in the second part

  6. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 3. Quarter 2015

    International Nuclear Information System (INIS)

    2015-09-01

    The wholesale markets Observatory aims to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key Graphs and graphs) are detailed in the second part

  7. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 4. Quarter 2014

    International Nuclear Information System (INIS)

    2014-12-01

    The wholesale markets Observatory aims to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key Graphs and graphs) are detailed in the second part

  8. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 3. Quarter 2013

    International Nuclear Information System (INIS)

    2013-09-01

    The objective of this wholesale markets Observatory is to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key figures and graphs) are detailed in the second part

  9. Wholesale markets. Electricity, Natural Gas and CO2 markets Observatory - 4. Quarter 2013

    International Nuclear Information System (INIS)

    2013-12-01

    The objective of this wholesale markets Observatory is to provide general monitoring indicators of electricity, natural gas and CO 2 markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the Quarter. The indicators (main dates, key figures and graphs) are detailed in the second part

  10. The dynamic linkages between crude oil and natural gas markets

    International Nuclear Information System (INIS)

    Batten, Jonathan A.; Ciner, Cetin; Lucey, Brian M.

    2017-01-01

    The time varying price spillovers between natural gas and crude oil markets for the period 1994 to 2014 are investigated. Contrary to earlier research, we show that in a large part of our sample the natural gas price leads the price of crude oil with price spillover effects lasting up to two weeks. This result is robust to a battery of tests including out-of-sample forecasting exercises. However, after 2006, we detect little price dependencies between these two energy commodities. These findings arise due to a conjunction of both demand and supply-side shocks arising from both natural and economic events, including Hurricane Katrina, the Tohoku earthquake and the Global Financial Crisis, as well as infrastructure and technological improvements. The increased use of new technologies such as hydraulic fracking for the extraction of gas and oil in particular affected supply in the latter part of the study. We conclude that the long term relation present in the early part of the sample has decoupled, such that price determination of these two energy sources is now independent. - Highlights: • Contrary to earlier research we find natural gas may lead crude oil prices over a long sample. • This finding holds in forecasting out of sample. • There may be a break in the relationship between oil and gas in 2006. • We suggest that new technologies and financial conditions have led to a decoupling of these markets. • Oil and natural gas prices may now be determined independently.

  11. The consequences of liberalisation of the gas market. Part 3. Natural gas distribution managers

    International Nuclear Information System (INIS)

    Van Gelder, J.W.

    1999-01-01

    In a deregulated gas market network, operation will become an independent business, that can even be used to make profit. In this part of the series on the liberalization of the natural gas market attention is paid to network operators. There appear not to be any changes for the operators of large offshore transmission pipelines. However, there will be some impact on the transmission system of Gasunie (Dutch natural gas trading company). According to the new Dutch Natural Gas Bill Gasunie has to publish separate accounts of its transmission activities. For energy distribution companies a legal separation of network activities is not compulsory. Natural gas network operators have to develop a number of new duties. A new information distribution system is required to quickly match supply and demand. Also, distribution companies have to set distribution tariffs. But the biggest change for network operators is that network operation and maintenance are no longer exclusively aimed at operational reliability and safety, but also at profitability

  12. The Evolving Role of LNG in the Gas Market

    International Nuclear Information System (INIS)

    De Jong, D.; Van der Linde, C.; Smeenk, T.

    2010-01-01

    The global energy scene is changing rapidly. Producing countries are tightening their grip on the development of their resources, emerging (and other) economies are taking a direct political interest in securing supplies, politics and business are increasingly integrated in international energy deals, and energy is on the political agenda of every government. Compounding this, prices of energy skyrocketed over the four years leading up to August 2008. As a result more gas resources became economical to develop, creating more supply potential than before. However, the severe crisis in international financial markets and national banking systems is now changing this outlook. Prices have come down, and this, combined with the current decline in economic activity, is likely to affect the timing of investment decisions on new pipeline and liquefied natural gas (LNG) projects. The impact on national economies on energy demand, and on the relative position of gas in the energy market could be considerable. At the same time, some consuming countries are also reviewing the environmental effect of their energy policies and the security of their energy supply. Any change in these policies could affect the place of gas in the energy mix. These developments are still unfolding; it is difficult to say at this stage in what ways and to what extent the position of natural gas will change. Nevertheless, some expect further globalization of the gas business, with different market structures, more fragmented value chains, more flexibility in supplies to markets, and shorter term contracts. In this respect, LNG is regarded as the major potential game changer. Indeed the LNG business model has been changing over recent years into one of greater flexibility, promising producers higher rewards, albeit in return for higher risks. More recently the perspective of high rewards in a market hungry for supplies has changed radically, at least for the next few years. A global crisis, lower oil

  13. The Evolving Role of LNG in the Gas Market

    Energy Technology Data Exchange (ETDEWEB)

    De Jong, D.; Van der Linde, C.; Smeenk, T.

    2010-09-15

    The global energy scene is changing rapidly. Producing countries are tightening their grip on the development of their resources, emerging (and other) economies are taking a direct political interest in securing supplies, politics and business are increasingly integrated in international energy deals, and energy is on the political agenda of every government. Compounding this, prices of energy skyrocketed over the four years leading up to August 2008. As a result more gas resources became economical to develop, creating more supply potential than before. However, the severe crisis in international financial markets and national banking systems is now changing this outlook. Prices have come down, and this, combined with the current decline in economic activity, is likely to affect the timing of investment decisions on new pipeline and liquefied natural gas (LNG) projects. The impact on national economies on energy demand, and on the relative position of gas in the energy market could be considerable. At the same time, some consuming countries are also reviewing the environmental effect of their energy policies and the security of their energy supply. Any change in these policies could affect the place of gas in the energy mix. These developments are still unfolding; it is difficult to say at this stage in what ways and to what extent the position of natural gas will change. Nevertheless, some expect further globalization of the gas business, with different market structures, more fragmented value chains, more flexibility in supplies to markets, and shorter term contracts. In this respect, LNG is regarded as the major potential game changer. Indeed the LNG business model has been changing over recent years into one of greater flexibility, promising producers higher rewards, albeit in return for higher risks. More recently the perspective of high rewards in a market hungry for supplies has changed radically, at least for the next few years. A global crisis, lower oil

  14. Market risks and oilfield ownership - Refining oil and gas disclosures

    International Nuclear Information System (INIS)

    Kretzschmar, Gavin L.; Hatherly, David; Misund, Bard

    2007-01-01

    Market risk exposures of balance sheet asset values are becoming an increasingly important accounting issue. In oil and gas, oilfield exposures to oil prices are specific and contractual, presenting a contingency problem for investors, financial analysts, standard setting bodies and government agencies. Our paper uses an extensive sample of 292 oilfields to provide evidence that the US Securities and Exchange Commission (SEC) supplementary disclosures do not capture the price sensitivities of oil and gas disclosures implicit in the two main forms of oilfield ownership, concession and production sharing contracts (PSCs). Current asset disclosures neither distinguish between global variations in oilfield ownership terms, nor on market risk implications for the value of oilfield assets. Importantly, we show that unlike concessions, reserve and production disclosures vary in response to oil price movements for PSC regimes. Our results highlight the need to differentiate PSC disclosures from concession fields, and to fully reflect price risks implicit in oilfield ownership contracts. We extend findings by Rajgopal [1999. Early evidence on the informativeness of the SEC's market risk disclosures: the case of commodity price risk exposure of oil and gas producers. The Accounting Review 74, 251-280] and propose refinements to capture market risk in financial reporting. (author)

  15. The European Gas Market Looking for its Golden Age?

    International Nuclear Information System (INIS)

    Aoun, Marie-Claire; Cornot-Gandolphe, Sylvie

    2015-10-01

    The EU gas policy has to deal with a new landscape on the supply and demand sides. This study examines five major recent evolutions of the EU gas market: the relations with Russia, LNG coming back to Europe, the decrease of Groningen production, the contrasted evolutions of shale gas and the perspectives of EU natural gas demand. The European energy market has to face numerous challenges to achieve a successful energy transition, preserve its competitiveness and ensure its security of supply. While the EU Communication on Energy Union published in February 2015 has today given new impetus to Europe's gas policy, this policy has to deal with a new environment both in terms of supply and demand. On the supply side, the new strategy must henceforth deal with complex relations with Russia. Tensions between Russia and Ukraine along with economic sanctions against Russia have led Gazprom - the EU's leading supplier - to review its strategy towards Europe. While the 'Power of Siberia' project is already underway, Russia's own pivot towards Asia as announced by Vladimir Putin is turning out to be more difficult than expected: China and Russia have still not been able to find an agreement on the Western route. For some time, Gazprom seemed to want to cut its involvement in European gas assets significantly, due to problems with market liberalization rules. Today, Moscow is sending mixed messages to Europe, first by announcing the Turkish Stream project to deliver gas to Europe's gates, and then by extending the Nord Stream pipeline. The renewed interest in the EU market by Gazprom is indicative of the importance of this market, which provides the Russian company with the bulk of its gas revenues. Europe also has to deal with faster than expected declines in its own output. The Groningen field in the Netherlands, the EU's main gas producer, has suffered major restrictions since January 2014, due to significant earthquake risks. The Dutch

  16. The Asia Pacific natural gas market: Large enough for all?

    International Nuclear Information System (INIS)

    Aguilera, Roberto F.; Inchauspe, Julian; Ripple, Ronald D.

    2014-01-01

    Among natural gas producing nations, there has been some concern about how the Asia Pacific will meet future demand for energy. We argue that natural gas, both regional and global, will play a vital role. Estimates of potential gas consumption in the region are analyzed and used to develop consensus projections to 2030. These consumption profiles are compared with gas supply estimates including indigenous, pipeline and LNG for the Asia Pacific market. From this analytical framework, we find that demand will be sufficiently large to accommodate supplies from diverse sources including North America, the Middle East, Central Asia, Russia, and the Asia Pacific itself. An important policy implication is that gas producing and consuming nations should benefit from promoting gas trade and not be concerned about a situation of potential lack of demand coupled with oversupply. - Highlights: • Estimates of gas consumption in the Asia Pacific (AP) in 2030 are presented. • Compared with supply estimates for AP including indigenous, pipeline, and LNG. • Find that demand in AP large enough to accommodate supply from all regions. • Nations should promote gas trade policy and not be overly concerned about oversupply

  17. European Strategies for Energy Security in the Natural Gas Market

    Directory of Open Access Journals (Sweden)

    Boyka Stefanova

    2012-08-01

    Full Text Available This article examines the European Union's (EU approach to energy security on the example of its natural gas imports from Russia, the largest supplier of gas to European markets. Two major projects, Nord Stream in the Northern and Western part of the EU, and Nabucco in South-Central Europe, demonstrate opposing energy security strategies, seemingly at odds with the EU objective of achieving energy independence from Russia. The question arises: Are these strategies sustainable? How can they be reconciled and pursued under a common policy? The main argument is that such conflicting sub-regional policy initiatives are amenable to progressive realignment and serve common security objectives. The article examines the Nord Stream and Nabucco pipelines in the context of the Third Energy Package, a set of policy instruments for the creation of an EU-wide internal energy market. It demonstrates that the energy security strategies pursued through Nord Stream and Nabucco fit well with the logic of the internal market reflected in premises of flexibility and efficiency. The article concludes that the security of the EU's energy market may be pursued in practice by applying different formulas relying on a variable mix of networks, partnerships, and market integration with non-members.

  18. The Asia Pacific gas market: a question of balance

    International Nuclear Information System (INIS)

    Russell Jacobs

    1997-01-01

    The underlying need for additional supplies of natural gas, both and pipeline and LNG , will be continue to expand in the Asia Pacific region. Spurred by expected development of LNG markets in Thailand,India,and coastal China, the demand for LNG could more than double by 2010. To meet the LNG needs of the future, numerous LNG grass roots and expansion projects are underway or firmly planned. Collectively , these projects could supply nearly million tonnes of additional LNG by 2005-2010. If new geographical markets can not be developed (for whatever reasons) during this time frame, however, some currently planned projects could falter or be under utilized. (Author) 3 figs

  19. Microeconomics of the ideal gas like market models

    Science.gov (United States)

    Chakrabarti, Anindya S.; Chakrabarti, Bikas K.

    2009-10-01

    We develop a framework based on microeconomic theory from which the ideal gas like market models can be addressed. A kinetic exchange model based on that framework is proposed and its distributional features have been studied by considering its moments. Next, we derive the moments of the CC model (Eur. Phys. J. B 17 (2000) 167) as well. Some precise solutions are obtained which conform with the solutions obtained earlier. Finally, an output market is introduced with global price determination in the model with some necessary modifications.

  20. Spread of natural gas lines in Arkansas hurts LPG marketers anew

    Energy Technology Data Exchange (ETDEWEB)

    1990-09-01

    This article discusses the marketing of LP gas in Arkansas. The reaction of natural gas marketers in the state is described. Federal subsidation, through the U.S. Department of Housing and Urban Development, of utilities in Arkansas is described.

  1. NATGAS. A Model of the European Natural Gas Market

    International Nuclear Information System (INIS)

    Mulder, M; Zwart, G.

    2006-02-01

    The NATural GAS model is an integrated model of the European wholesale gas market providing long-run projections of supply, transport, storage and consumption patterns in the model region, aggregated in 5-year periods, distinguishing two seasons (winter and summer). Model results include levels of investment in the various branches, output and consumption, depletion of reserves and price levels. The NATGAS model computes long-term effects of policy measures on future gas production and gas prices in Europe. NATGAS is an equilibrium model describing behaviour of gas producers, investors in infrastructure (pipeline, LNG capacity, as well as storage), traders and consumers. NATGAS covers the main European demand regions, including the United Kingdom, Germany, the Netherlands and Italy. Moreover, it covers the main origins of supply on the European market, such as Russia, Norway, Algeria, the Netherlands, the United Kingdom and LNG. In this memorandum, we first discuss the theoretical background as well as the model specifications. Afterwards, we describe the data we used, present some results and assess validity by computing sensitivities and comparing with current developments

  2. The development of the natural gas market in the USA

    International Nuclear Information System (INIS)

    Herbert, J.H.; Heinkel, J.E.

    1995-01-01

    In the early Eighties producers mostly sold their gas to pipeline companies on the basis of relatively long-term, fixed price contrasts. These pipeline companies transported, and partly stored, the natural gas and resold it to local distributors and end consumers. Today's system permits local distributors and end consumers to make supply contracts directly with the producer and separate contracts for the utilisation of transport and storage capacities. These capacity titles are not only available to end consumers, retailers, and wholesalers but can also be traded in secondary markets. (orig./UA) [de

  3. Market liberalization in the European Natural Gas Market : The importance of capacity constraints and efficiency differences

    NARCIS (Netherlands)

    Brakman, S.; van Marrewijk, J.G.M.; van Witteloostuijn, A.

    2009-01-01

    In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen for

  4. Handheld Multi-Gas Meters Market Survey Report

    Energy Technology Data Exchange (ETDEWEB)

    Williams, Gustavious [Brigham Young Univ., Provo, UT (United States); Wald-Hopkins, Mark David [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Obrey, Stephen J. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Akhadov, Valida Dushdurova [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

    2016-06-23

    Handheld multi-gas meters (MGMs) are equipped with sensors to monitor oxygen (O2) levels and additional sensors to detect the presence of combustible or toxic gases in the environment. This report is limited to operational response-type MGMs that include at least four different sensors. These sensors can vary by type and by the chemical monitored. In real time, the sensors report the concentration of monitored gases in the atmosphere near the MGM. To provide emergency responders with information on handheld multi-gas meters, the System Assessment and Validation for Emergency Responders (SAVER) Program conducted a market survey. This market survey report is based on information gathered between November 2015 and February 2016 from vendors, Internet research, industry publications, an emergency responder focus group, and a government issued Request for Information (RFI) that was posted on the Federal Business Opportunities website.

  5. Market efficiency, cross hedging and price forecasts: California's natural-gas markets

    International Nuclear Information System (INIS)

    Woo, C.K.; Olson, A.; Horowitz, I.

    2006-01-01

    An extensive North American pipeline grid that physically integrates individual natural-gas markets, in conjunction with economic ties binding the California markets to those at Henry Hub, Louisiana and the New York mercantile exchange via an array of financial instruments, suggests that the spot prices at Henry Hub will impact those in California. We verify the suggestion via a partial-adjustment regression model, thus affirming that California traders can exploit the cross-hedging opportunities made available to them via market integration with Henry Hub, and that they can accurately forecast the price they will have to pay to meet future demand based solely on the price of futures at Henry Hub and the price of a California natural-gas basis swaps contract. (author)

  6. 78 FR 4400 - Eni USA Gas Marketing LLC; Application for Blanket Authorization To Export Previously Imported...

    Science.gov (United States)

    2013-01-22

    ... DEPARTMENT OF ENERGY [FE Docket No. 12-161-LNG] Eni USA Gas Marketing LLC; Application for Blanket..., by Eni USA Gas Marketing LLC (Eni USA Gas Marketing), requesting blanket authorization to export... country with the capacity to import LNG via ocean-going carrier and with which trade is not prohibited by...

  7. Natural gas market review 2007. Security in a globalising market to 2015

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-05-03

    Natural gas heats our homes, powers our factories, and increasingly generates electricity, safely and cleanly. Over recent decades, it has been an important element of secure, affordable, and environmentally responsible energy supply. But as production from IEA member countries declines, supplies will have to come from sources in more distant regions. What aspects of OECD gas markets need to be improved to deliver greater security and efficiency? What are the risks of increasing reliance on imports from Russia and the Middle East? Are strategic stocks of natural gas - similar to emergency oil stocks - a viable safety net to a supply disruption? Will there be enough investment in pipeline gas or will more need to be spent on LNG? What are the impacts of gas security on oil markets and power generation security? What do changes in the LNG industry mean for traditional contract terms? This publication, the second issue in a new IEA publications series, addresses key questions in this dynamic market. It offers a global appraisal of current trends in the light of the most recent historical data, including supply and demand projections to 2015.

  8. Marketing strategy for the BC oil and gas service sector

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-10-29

    The British Columbia (BC) oil and gas service sector is collaborating with the BC Ministry of Energy and Mines (MEM) to enhance the competitiveness of oil and gas service providers in Northeast BC. The MEM agreed to provide one-time funding to develop this marketing strategy for the oil and gas sector, particularly for small to medium-sized companies with limited resources. This document is also a resource tool for suppliers in the sector that have developed and are implementing their own marketing plans and wish to enhance elements of their own plans. The strategy also outlines the potential role of associations in Northeast BC that represent the service sector. It links their marketing activities with the activities of individual service providers. Local service providers (LSP) include companies in a wide range of businesses such as drilling support, transportation, health and safety services, and construction. Six issues that directly impact the competitiveness of LSPs were also presented along with recommendations for participants in the service sector, associations and individual companies. tabs., figs., 11 appendices.

  9. Marketing strategy for the BC oil and gas service sector

    International Nuclear Information System (INIS)

    2004-01-01

    The British Columbia (BC) oil and gas service sector is collaborating with the BC Ministry of Energy and Mines (MEM) to enhance the competitiveness of oil and gas service providers in Northeast BC. The MEM agreed to provide one-time funding to develop this marketing strategy for the oil and gas sector, particularly for small to medium-sized companies with limited resources. This document is also a resource tool for suppliers in the sector that have developed and are implementing their own marketing plans and wish to enhance elements of their own plans. The strategy also outlines the potential role of associations in Northeast BC that represent the service sector. It links their marketing activities with the activities of individual service providers. Local service providers (LSP) include companies in a wide range of businesses such as drilling support, transportation, health and safety services, and construction. Six issues that directly impact the competitiveness of LSPs were also presented along with recommendations for participants in the service sector, associations and individual companies. tabs., figs., 11 appendices

  10. Natural gas liquids markets in the United States

    International Nuclear Information System (INIS)

    Anderson, W.E.

    1991-01-01

    Changes in natural gas liquids (NGL) markets in the USA, brought about primarily by environmental issues and actions, are reviewed. Three aspects of the Clean Air Act amendments are exerting a powerful influence on NGL product demands. Regulatory limits on Reed vapor pressure (RVP) reduce the amount of evaporative hydrocarbon emissions, and lower-RVP gasoline is leaner in the more volatile hydrocarbons. This means primarily a lower n-butane content, and during the 1990-91 summer blending season it is estimated that half of total U.S. gas plant production of n-butane was being eliminated from the traditional refinery blending market. N-butane prices fell, making n-butane attractive as a petrochemical feedstock. Regulatory requirements for reformulated and oxygenated gasolines, for which methyl tertiary butyl ether (MTBE) will be the largest single source of oxygenate, have increased demand for NGL butanes used as the basic raw material in MBTE manufacture. This demand should increase enough to absorb all the n-butane dislodged from the gasoline blending market. The amendments also specify that in selected metropolitan areas having severe air quality problems, an alternative fuels program must be established. In the alternative fuels market, propane is already well-established due to favorable economics and proven performance, and significant new demand for propane in metropolitan markets is expected. Ethylene, the basic raw material for plastics manufacture, is mainly derived from NGLs and the continued strong demand for plastics will have a positive effect on the NGL market. NGL product demand profiles and projections are presented in graph form for ethane, propane, butanes, and pentanes plus. 4 figs

  11. Gas market distorting effects of imbalanced gas balancing rules: Inefficient regulation of pipeline flexibility

    Energy Technology Data Exchange (ETDEWEB)

    Keyaerts, Nico [University of Leuven (K.U.Leuven) Energy Institute - TME branch (Applied Mechanics and Energy Conversion), Celestijnenlaan 300A box 2421, B-3001 Heverlee (Belgium); Hallack, Michelle [ADIS-Groupe Reseaux Jean Monnet, Universite de Paris Sud 11, 27 Avenue Lombart, F-92260 Fontenay-aux-Roses (France); Glachant, Jean-Michel [ADIS-Groupe Reseaux Jean Monnet, Universite de Paris Sud 11, 27 Avenue Lombart, F-92260 Fontenay-aux-Roses (France); European University Institute RSCAS and Florence School of Regulation, 19 Via delle Fontanelle, 50014 San Domenico di Fiesole (Italy); D' haeseleer, William, E-mail: william.dhaeseleer@mech.kuleuven.b [University of Leuven (K.U.Leuven) Energy Institute - TME branch (Applied Mechanics and Energy Conversion), Celestijnenlaan 300A box 2421, B-3001 Heverlee (Belgium)

    2011-02-15

    This paper analyzes the value and cost of line-pack flexibility in liberalized gas markets through examination of the techno-economic characteristics of gas transport pipelines and the trade-offs between different ways to use the infrastructure: transport and flexibility. Line-pack flexibility is becoming increasingly important as a tool to balance gas supply and demand over different periods. In the European liberalized market context, a monopolist unbundled network operator offers regulated transport services and flexibility (balancing) services according to the network code and balancing rules. Therefore, gas policy makers should understand the role and consequences of line-pack regulation. The analysis shows that the line-pack flexibility service has an important economic value for the shippers and the TSO. Furthermore, the analysis identifies distorting effects in the gas market due to inadequate regulation of line-pack flexibility: by disregarding the sunk costs of flexibility in the balancing rules, the overall efficiency of the gas system is decreased. Finally, the analysis demonstrates that the actual costs of line-pack flexibility are related to the peak cumulative imbalance throughout the balancing period. Any price for pipeline flexibility should, therefore, be based on the related trade-off between the right to use the line-pack flexibility and the provision of transport services. - Research Highlights: {yields}Line-pack flexibility is a main gas balancing instrument. {yields}Capacity related costs of line-pack flexibility depend on peak cumulative imbalances. {yields}Line-pack pricing rules determine choice between ex ante and ex post balancing. {yields}Inefficient line-pack regulation causes gas market distortions.

  12. New gas in old pipes: opening the UK residential gas market to competition

    International Nuclear Information System (INIS)

    Waddams Price, C.; Bennett, M.

    1999-01-01

    The United Kingdom is introducing competition to its residential gas and electricity markets, the first such experiment on a national level. This paper analyses the behaviour of suppliers and consumers in the first market to be opened, based on suppliers' posted prices, two questionnaires to consumers and information from the incumbent. The results confirm predictions about the unwinding of cross-subsidies; a surprisingly small proportion of consumers are switching to other suppliers, and they are not evenly distributed across consumer groups, raising important policy questions about the future of regulation in such markets

  13. United States natural gas markets, contracts and risks: What lessons for the European Union and Asia-Pacific natural gas markets?

    International Nuclear Information System (INIS)

    Talus, Kim

    2014-01-01

    The article examines the natural gas markets of the United States, the European Union and the Asia-Pacific region and their regulation and contractual structures. The article's main focus is on the United States natural gas markets. The European Union and Asia-Pacific markets are compared to this more developed market. By comparing the physical and ideological characteristics of, and differences between, the three main international gas markets, the article exposes the limits of regulatory and contractual transplants in this area of law and policy. Each of these markets is unique, which limits the opportunities for modelling certain market institutions on the basis of the more developed markets in the United States. This applies for both the EU and the Asia-Pacific region. - Highlights: • Differences in the physical markets impact regulation. • Regulatory transplants have risks. • The approach in energy policy should be based on “Law-in-Context” approach

  14. Canadian natural gas liquids : market outlook 2000 - 2010

    International Nuclear Information System (INIS)

    Gill, L.; Mortensen, P.

    2001-01-01

    This study provides a comprehensive analysis of the availability of Canadian natural gas liquids. The analysis was developed from production profiles and gas compositions for individual gas pools and takes into account the effects of market factors. On the demand side, the effects of new infrastructure and changes in corporate structures have been evaluated. The study was initiated at a time when energy prices were stable and the major concern was to see how the addition of the Alliance pipeline, the Aux Sable gas processing plant, the Empress V straddle plant and the Nova/UCC E3 ethylene plant would affect the Canadian liquids business. The study was complicated by the advent of unexpected factors affecting the supply and demand of natural gas liquids (NGLs). These included extremely high prices for natural gas, an apparent inability of the supply basin to respond to the high gas prices with increased supply, and the very high electricity costs in Alberta. The weak supply of NGLs coincides with the increase in ethane demand from the start-up of Alberta's fourth ethylene facility and the addition of the high vapour pressure Alliance pipeline. This weak supply suggests there will be an ethane shortage for at least the next few years. The longer term outlook, however, is less certain and will require an analysis of the outlook for gas production, gas composition and NGL extraction capacity. This study developed two forecasts for natural gas prices. Both presume rising gas demand across North America driven by increased gas use for power generation. The Low Case assumes modest growth in domestic Canadian gas demand and the High case predicts strong growth in domestic demand as higher levels of exports to the United States, resulting in a doubling in growth for Canadian gas production from 2000-2015 compared to the Low Case. Both High and Low Case scenarios suggest that prices will decline from current levels so that Alberta plant gate prices fall by 2005 and will then

  15. Market power across the Channel: Are Continental European gas markets isolated?

    International Nuclear Information System (INIS)

    Massol, Olivier; Banal-Estanol, Albert

    2014-01-01

    This paper examines the efficiency of the arbitrages performed between two regional markets for wholesale natural gas linked by a capacity-constrained pipeline system. We develop a switching regime specification to (i) detect if the observed spatial arbitrages satisfy the integration notion that all arbitrage opportunities between the two markets are being exploited, and (ii) decompose the observed spatial price differences into factors such as transportation costs, transportation bottlenecks, and the oligopolistic behavior of the arbitrageurs. Our framework incorporates a test for the presence of market power and it is thus able to distinguish between the physical and behavioral constraints to marginal cost pricing. We use the case of the 'Interconnector' pipeline as an application, linking Belgium and the UK. Our empirical findings show that all the arbitrage opportunities between the two zones are being exploited but confirm the presence of market power. (authors)

  16. Gas market distorting effects of imbalanced gas balancing rules. Inefficient regulation of pipeline flexibility

    Energy Technology Data Exchange (ETDEWEB)

    Keyaerts, Nico; D' haeseleer, William [University of Leuven (K.U.Leuven) Energy Institute - TME branch (Applied Mechanics and Energy Conversion), Celestijnenlaan 300A box 2421, B-3001 Heverlee (Belgium); Hallack, Michelle [ADIS-Groupe Reseaux Jean Monnet, Universite de Paris Sud 11, 27 Avenue Lombart, F-92260 Fontenay-aux-Roses (France); Glachant, Jean-Michel [ADIS-Groupe Reseaux Jean Monnet, Universite de Paris Sud 11, 27 Avenue Lombart, F-92260 Fontenay-aux-Roses (France); European University Institute RSCAS and Florence School of Regulation, 19 Via delle Fontanelle, 50014 San Domenico di Fiesole (Italy)

    2011-02-15

    This paper analyzes the value and cost of line-pack flexibility in liberalized gas markets through examination of the techno-economic characteristics of gas transport pipelines and the trade-offs between different ways to use the infrastructure: transport and flexibility. Line-pack flexibility is becoming increasingly important as a tool to balance gas supply and demand over different periods. In the European liberalized market context, a monopolist unbundled network operator offers regulated transport services and flexibility (balancing) services according to the network code and balancing rules. Therefore, gas policy makers should understand the role and consequences of line-pack regulation. The analysis shows that the line-pack flexibility service has an important economic value for the shippers and the TSO. Furthermore, the analysis identifies distorting effects in the gas market due to inadequate regulation of line-pack flexibility: by disregarding the sunk costs of flexibility in the balancing rules, the overall efficiency of the gas system is decreased. Finally, the analysis demonstrates that the actual costs of line-pack flexibility are related to the peak cumulative imbalance throughout the balancing period. Any price for pipeline flexibility should, therefore, be based on the related trade-off between the right to use the line-pack flexibility and the provision of transport services. (author)

  17. Natural gas in the Asian Pacific region: market behavior and the Japanese electricity market

    International Nuclear Information System (INIS)

    Jonsson, Bo

    2001-04-01

    This dissertation consists of four main chapters, all related to the Asian Pacific natural gas market, and the role of the Japanese electricity sector. The natural gas market in Asia Pacific is heavily dependent on the demand from Japan, which imports around 75% of the gas traded as LNG (liquefied natural gas) in the region. The demand for natural gas in Japan is, in turn, almost exclusively driven by the electricity industry that consumes around 70 % of the imported natural gas. On the supply side we find seller concentrations with only six countries exporting LNG in the region. The first main chapter analyzes the market structure of the Asian Pacific natural gas market, the next two relate to the usage of natural gas in the Japanese fossil-fueled electricity production, and the final study investigates the demand for electricity in the residential sector in Japan. The first chapter argues that the buyers in Japan, through cooperation, have the potential to exert the market power that their large market share provides them with. This could be offset by the monopoly power that the six present sellers have. In the chapter four, the solutions for the four imperfect competition cases of, monoposony, monopoly, bilateral monopoly, and the Cournot model are simulated. Neither of the model solutions comes close to both the actual market price, and the actual gas volumes. The model that best mimics the actual price is the bilateral monopoly model, while the monoposony model comes closest to the actual volumes. Giving some mixed evidence of how the Asian LNG market works. Given the indication of market power, the second study analyzes the fossil-fuel mix efficiency in the power sector in Japan. If the power sector is able to exert the alleged market power, it may be the case that they minimize costs according to shadow prices instead of actual market prices. Such behavior could cause the fossil-fuel mix used for power generation to be inefficient. The analysis is based on a

  18. MEMS device for mass market gas and chemical sensors

    Science.gov (United States)

    Kinkade, Brian R.; Daly, James T.; Johnson, Edward A.

    2000-08-01

    Gas and chemical sensors are used in many applications. Industrial health and safety monitors allow companies to meet OSHA requirements by detecting harmful levels of toxic or combustible gases. Vehicle emissions are tested during annual inspections. Blood alcohol breathalizers are used by law enforcement. Refrigerant leak detection ensures that the Earth's ozone layer is not being compromised. Industrial combustion emissions are also monitored to minimize pollution. Heating and ventilation systems watch for high levels of carbon dioxide (CO2) to trigger an increase in fresh air exchange. Carbon monoxide detectors are used in homes to prevent poisoning from poor combustion ventilation. Anesthesia gases are monitored during a patients operation. The current economic reality is that two groups of gas sensor technologies are competing in two distinct existing market segments - affordable (less reliable) chemical reaction sensors for consumer markets and reliable (expensive) infrared (IR) spectroscopic sensors for industrial, laboratory, and medical instrumentation markets. Presently high volume mass-market applications are limited to CO detectros and on-board automotive emissions sensors. Due to reliability problems with electrochemical sensor-based CO detectors there is a hesitancy to apply these sensors in other high volume applications. Applications such as: natural gas leak detection, non-invasive blood glucose monitoring, home indoor air quality, personal/portable air quality monitors, home fire/burnt cooking detector, and home food spoilage detectors need a sensor that is a small, efficient, accurate, sensitive, reliable, and inexpensive. Connecting an array of these next generation gas sensors to wireless networks that are starting to proliferate today creates many other applications. Asthmatics could preview the air quality of their destinations as they venture out into the day. HVAC systems could determine if fresh air intake was actually better than the air

  19. Why we must continue to reform gas and electricity markets

    International Nuclear Information System (INIS)

    Mandil, C.

    2003-01-01

    In most OECD countries the markets for gas and electricity have been deregulated for the past ten years or so, albeit with different intensities. Market deregulation has been criticized for, among other things, a number of topical events, including bottlenecks in power supply even leading to blackouts, and only moderate price cuts from the consumer point of view. On the other hand, four benefits of market liberalization should be mentioned: - The economic benefits, which need not necessarily manifest itself in lower prices, but in lower-cost options and higher economic efficiency; - the advantage to the consumer, who has become a market participant and has been given options for his individual supply; - the political benefit, as a clear separation of politics, regulators, and industries, if achieved in a reasonable manner, enabling all players to act responsibly, and minimizing costly political interventions; - the philosophical dimension as the customer's freedom of choice is a democratic component. Accordingly, there are reasons enough for continuing the deregulation of the market, taking into account the magic triangle of continuity of supply, protection of the environment, and economic viability. (orig.)

  20. The operation of wholesale electricity, CO2 and natural gas markets in 2010-2011

    International Nuclear Information System (INIS)

    2011-01-01

    The first part analyses the electricity wholesale markets: development of the main wholesale market segments, electricity price, electricity production analysis and transparency of production data, transaction analysis. The second part analyses CO 2 markets: evolution of the institutional framework and perspectives, exchanges volumes on the CO 2 market, the CO 2 price in Europe, fundamentals of the European CO 2 market. The third part addresses the gas market: development of gas trade, gas price, gas infrastructures, supply and outlets for stake holders and new comers

  1. Increased competition on the supply side of the Western European natural gas market

    International Nuclear Information System (INIS)

    Golombek, R.; Gjelsvik, E.; Rosendahl, K.E.

    1998-01-01

    This paper analyzes how the supply side of the Western European natural gas market may react if the demand side becomes competitive. The authors show--using a numerical model of the Western European natural gas market--that once the demand side of the market is liberalized, each gas-producing country has an incentive to break up its gas sellers. The model therefore suggests that there may be numerous producers in a liberalized natural gas market. Hence, in a liberalized market consumers will not be exploited by suppliers

  2. Natural gas market assessment: Long-term Canadian natural gas contracts

    International Nuclear Information System (INIS)

    1992-08-01

    A descriptive analysis is presented of the changes which have occurred and the developing trends in the long-term Canadian contracts governing the sale of western Canadian gas into the domestic and export markets from 1985 to 1991. The report is limited to domestic and export contracts for Canadian gas and does not include imported gas under contract. Contract structures prior to deregulation, the changing role of long-term contracts, size and duration of long-term contracts, and terms and conditions of long-term contracts are discussed. Important changes since the mid-1980s include: increased flexibility in long-term contracts enabling the parties to respond more readily to changing supply and demand conditions; greater balance between the buyer's obligation to purchase and the seller's obligation to deliver; flexible and increasingly simple pricing terms that track competitive market conditions; shorter contract terms; reduced contract volumes as smaller end-users and producer/marketers enter the market; and unbundling of gas sales and transportation service providing a wider range of contracting choices and options. 36 figs., 2 tabs

  3. AlintaGas perspective on evolving competition in the Western Australian energy market

    International Nuclear Information System (INIS)

    Harvey, Ph.

    1999-01-01

    The author discusses the evolving competition in the Western Australian energy market, with a clear focus on gas. Before considering the future energy market, he puts today's market in perspective and set the framework within which the development of the future markets should be considered. What is a competitive market? It is a market where there are enough producers and enough users for competition between them to determine prices, which are set prices, not costs. An example of a competitive gas market in Western Australia is the Pilbara. There are enough producers and enough users in the Pilbara area that gas prices are set by the normal forces of supply and demand and transport costs are essentially negligible. There is no need for regulation or any external price setting - the forces of supply and demand determine prices. In the south west gas market there are the same gas suppliers, but a different and larger group of customers. This market differs from the Pilbara market because now there are transport costs involved. The transport element is a natural monopoly - and it is important to ensure transport prices do not distort the competitive market established between producers and users. Hence, third party access to the Dampier to Bunbury Natural Gas Pipeline (DBNGP), under properly regulated access arrangements to ensure there is no market distortion, allows the forces of competition to set prices in the south west gas market. Western Australia is fortunate - and unique among the Australian states - in that it has a number of gas producers keen to sell into Western Australian gas markets. Hence, gas on gas competition - as well as inter-fuel competition - is setting prices. For historic reasons - and they are good reasons - energy markets in Western Australia are not yet completely open. There is however a program of market deregulation that commenced on I January 1995 and will be completed on July 2002, which means that all gas customers, even residential

  4. A large-scale linear complementarity model of the North American natural gas market

    International Nuclear Information System (INIS)

    Gabriel, Steven A.; Jifang Zhuang; Kiet, Supat

    2005-01-01

    The North American natural gas market has seen significant changes recently due to deregulation and restructuring. For example, third party marketers can contract for transportation and purchase of gas to sell to end-users. While the intent was a more competitive market, the potential for market power exists. We analyze this market using a linear complementarity equilibrium model including producers, storage and peak gas operators, third party marketers and four end-use sectors. The marketers are depicted as Nash-Cournot players determining supply to meet end-use consumption, all other players are in perfect competition. Results based on National Petroleum Council scenarios are presented. (Author)

  5. Gas to fuel and chemicals: from technology to market

    International Nuclear Information System (INIS)

    2003-01-01

    The commercialization of natural gas reserves via synthesis to liquid products is a particularly active area of research which could permit this energy carrier to penetrate new markets. This study provides a global perspective of developments in this area, the technology and its economic and environmental implications, completed by a full review of current projects. A number of research centres as well as engineering companies and oil and gas companies are engaged in significant research programmes to improve the processes employed in the gas to liquids chain. This section provides a complete picture of the recent technology developments and the areas for potential future improvement.The research activities of each organisation and the process scheme employed are described.The implications of the major differences in the technologies are reviewed. Each step in the GTL chain-feed preparation, syngas production, the Fischer-Tropsch process and product work up is covered. The relationship between the products from the process and the technology employed is discussed. Aside from the technological aspects, the economics of the GTL process remains the major hurdle to be overcome if this technology is to be more widely utilized.The key parameters affecting the economics of GTL developments are the cost of natural gas, capital investments and the impact of economies of scale.The key driver for the oil and gas companies is to provide a way of commercializing natural gas reserves when other means, such as pipeline transportation or LNG, are not viable. This section provides a review of the costs and economics of the GTL chain taking into account the process configuration and resulting capital costs, the products produced, the effect of scale and other relevant factors.The aim is to provide an understanding of the economic factors affecting the GTL chain. Middle distillate fuels produced from the GTL process are sulphur and aromatics free and will be attractive for use in the

  6. Is the gas supply market a natural monopoly?

    International Nuclear Information System (INIS)

    Burns, P.; Weyman-Jones, T.G.

    1996-01-01

    The CRI is pleased to publish this econometric study of British Gas marketing and customer costs to determine their relationship with changes in output. If there are economies of scale, then that may confer significant competitive advantages on the incumbent. It may also suggest that the incumbent is a natural monopoly in certain respects, which would militate against, and possibly frustrate, the introduction of long run, self-sustaining competition. Empirical evidence will need to be collected as the gas supply market opens up over the next two years. It may be that British Gas will be shown to be an inefficient natural monopoly; and this will leave a margin for new entrants which achieves contestability. Alternatively, new entrants themselves may be able to take part in the benefits of economies of scale by being part of larger groups themselves or availing themselves of specialist service firms such as has been set up by United Utilities following the take-over of Norweb by North West Water. Finally, account may have to be taken of the research into activity based costing which has shown that in the long run costs appear to rise more in proportion than is suggested by the short run variations in costs. (UK)

  7. Marketing BTUs: Gas, electricity lead oil in innovation

    International Nuclear Information System (INIS)

    Krapels, E.N.

    1996-01-01

    The transformation in relations between energy providers and users--powered by reform of electric utilities and by continuation of natural gas deregulation--is challenging several fundamental precepts of how oil companies managed their deregulation. In the wake of the price decontrol completed by the Reagan administration in 1981, oil companies (1) retreated from national business structures, (2) focused on limited range core businesses, and (3) provided minimal oil price risk management services for their customers. By contrast, the electric and natural gas industry is consolidating for the purpose of playing a role in ever-larger markets, diversifying its products and services, and providing innovative hedging instruments to itself as well as its customers. From Enron, one can purchase physical and paper energy, delivered in whatever form desired, nationwide and internationally, with or without mechanisms to manage price risk. What will impede the newly integrated energy companies--which are composite electric plus natural gas firms--from also delivering products and services now rendered by the oil companies? Could utilities organize gasoline consumers better than oil companies? If the Price Club can sell gasoline at 10 cents below market, why can't the new energy companies do so? The paper discusses what consumers want, procurement and costs, and innovations and lessons

  8. Going global: LNG could open up gas market

    International Nuclear Information System (INIS)

    Jaremko, D.

    2004-01-01

    The probability of liquefied natural gas becoming a major source of energy in North America is discussed. Although the safety of the technology of transporting LNG was proven more than 40 years ago, there are considerable hurdles to be overcome when it comes to establishing LNG terminals. Industry insiders contend that the obstacles to finding suitable sites are primarily NIMBY (not-in-my-backyard) or BANANA (build-absolutely-nothing-anywhere-near-anyone) issues that will be overcome in time with better public information as to what the real hazards are, but the time is not yet ripe for any serious LNG development. Proposed LNG projects in Malaysia, Nigeria, Angola are reviewed, in addition to four projects in the United States, one in the Gulf of Mexico, and three along the American east coast. A Canadian project at Bear Head near Point Tupper, Nova Scotia, which has support from the business community, government and industry, and would provide the shortest distance to eastern North American markets for Atlantic basin shippers is also reviewed. LNG technological and transportation issues apart, there is also direct competition from the long-proposed Alaska pipeline which, if and when built, will provide long-term steady supply of gas for the U. S. market. Alaskan natural gas is clearly the preferred alternative to LNG at the present time

  9. Electricity deregulation - impact on gas users and markets

    International Nuclear Information System (INIS)

    Girling, R.

    1995-01-01

    A profile of TransCanada Northridge Power Ltd. (TNPL) was presented. The peculiarities of the market for electricity was described. The topic of focus in this presentation was competition and its effects on producers and consumers of natural gas. It was stated that competition was necessary to stimulate growth. The evolution of competition in the electricity market, existing competition, and future competition were discussed. The effect of competition was that it encouraged producers and consumers to optimize revenue and expense. In the long term, competition was seen as the keystone of free enterprise in that it gives consumers a choice, provides signals for producers and consumers to invest capital, and provides opportunities to understand and respond to historic inefficiencies

  10. The liberalization of the European gas market and its consequences for Russia

    International Nuclear Information System (INIS)

    Finon, D.; Locatelli, C.

    2002-01-01

    Russia is the world biggest natural gas producer, with output of 581 bn m 3 in 2001, and is also a key supplier of the European gas market (around 30% of current European Union gas imports). Therefore gas exports rank with oil exports as an essential variable of Russian economic policy, and any institutional evolution of its gas export markets is crucial for Russia's economy as well as its gas industry. Liberalization of the European gas market will have major consequences for main suppliers, and therefore for Russia. (author)

  11. European Gas Market Liberalisation. Competition versus security of supply?

    International Nuclear Information System (INIS)

    Haase, N.

    2009-01-01

    The problem statement encompasses two basic questions: (1) Which variables determine regulatory regimes and economic performance in European gas markets?; and (2) Can we empirically determine the effect of regulation-for-competition, as applied in the European Union, on the economic performance in the European gas markets? In the first part (chapters 1-5), the theoretical groundwork is laid out and conceptual clarifications are provided. In chapter 2, the main concepts such as governance and regulation, and their interrelations, are determined and the public regulation approach to be followed is outlined. The third chapter discusses our theoretical framework and the support required from other New Institutional approaches to deduce expectations regarding the convergence of regulatory regimes and its effect on economic performance. The fourth chapter contributes to answering our first research question by displaying the relevant variables and outlining how these can be operationalised. Based on the concepts of regulatory comprehensiveness and policy convergence, in chapter 5, a methodology is developed to measure best-practice in terms of regulation-for-competition. The second part (chapters 6-9) covers the first empirical analysis which is quantitative in design and emphasises effects originating at the Community level. Chapter 6 summarises the evolution of European gas policy at the Community level and searches for major changes in general or energy policy objectives and examines their prioritisation. Chapter 7 addresses the formal institutions on the second layer of the fourlayer model. Chapter 8 analyses converging and diverging trends within regulatory regimes in European gas markets. Chapter 9 sets out to assess the extent to which regulation-for-competition, as prescribed by the European provisions, can be empirically studied for its effect on economic performance in the European gas sector. To answer our second main research question, we discuss the effects

  12. Strategies for Ontario gas marketers: making cents of it all

    International Nuclear Information System (INIS)

    Walsh, P.R.

    2001-01-01

    The evolution of the natural gas supply, demand and pricing equilibrium is discussed. Prices for natural gas are a function of supply and demand. An analysis of supply and demand forecasting shows a consistent trend to mirror the actual outcome. In the case of price, the forecasts are less consistent and indicate the need for a different approach for choosing an appropriate strategy for price determination. Analysis of price data over the past 30 years indicate that increases in natural gas prices in North America have been strongly correlated with increase in economic growth. Increased economic growth creates an increase in energy demand and a related increase in energy prices. Conversely, decreased economic activity tends to coincide with energy price spikes and subsequent declines in energy prices. These results lead to the conclusion that a successful strategy for long term pricing requires the natural gas marketer to establish the point at which the current price is, relative to the long-term equilibrium between demand, supply and pricing. 12 figs

  13. Strategies for Ontario gas marketers: making cents of it all

    Energy Technology Data Exchange (ETDEWEB)

    Walsh, P.R. [Energy Objective Ltd., London ON (Canada)

    2001-07-01

    The evolution of the natural gas supply, demand and pricing equilibrium is discussed. Prices for natural gas are a function of supply and demand. An analysis of supply and demand forecasting shows a consistent trend to mirror the actual outcome. In the case of price, the forecasts are less consistent and indicate the need for a different approach for choosing an appropriate strategy for price determination. Analysis of price data over the past 30 years indicate that increases in natural gas prices in North America have been strongly correlated with increase in economic growth. Increased economic growth creates an increase in energy demand and a related increase in energy prices. Conversely, decreased economic activity tends to coincide with energy price spikes and subsequent declines in energy prices. These results lead to the conclusion that a successful strategy for long term pricing requires the natural gas marketer to establish the point at which the current price is, relative to the long-term equilibrium between demand, supply and pricing. 12 figs.

  14. Annual survey on the natural gas market: results 2012

    International Nuclear Information System (INIS)

    Cadin, Didier

    2014-04-01

    While proposing data by tables and graphs, this publication comments the evolution noticed in the natural gas market in 2012. As the French production reaches its end, the share of liquefied natural gas in the national supply and that of purchases have decreased in 2012 after a strong increase in 2011. The natural gas input-output rate decreased for a second year in row. These evolutions are assessed for the different entry points (pipelines or harbours). The evolution of provider countries is also commented: Norway and Russia are the main providers for France. A very close adjustment of resources to demand is highlighted and discussed. The continuous decrease of stocks is also noticed and discussed. After a rather strong increase of natural gas consumption until the middle of the 2000's, this consumption, although it displays some variations, tends to stabilize. The consumption is then analyzed with respect to the sector (energy, agriculture, industry, housing and office building), and to the different French regions

  15. Price dynamics of natural gas and the regional methanol markets

    International Nuclear Information System (INIS)

    Masih, A. Mansur M.; Albinali, Khaled; DeMello, Lurion

    2010-01-01

    A 'methanol economy' based mainly on natural gas as a feedstock has a lot of potential to cope with the current and ongoing concerns for energy security along with the reduction of CO-2 emissions. It is, therefore, important to examine the price dynamics of methanol in order to ascertain whether the price of methanol is mainly natural-gas-cost driven or demand driven in the context of different regions. This paper is the first attempt to investigate the following: (1) is the natural gas price significantly related to the regional methanol prices in the Far East, United States and Europe? (2) who drives the regional methanol prices? The paper is motivated by the recent and growing debate on the lead-lag relationship between natural gas and methanol prices. Our findings, based on the most recently developed 'long-run structural modelling' and subject to the limitations of the study, tend to suggest: (1) natural gas price is cointegrated with the regional methanol prices, (2) our within-sample error-correction model results tend to indicate that natural gas was driving the methanol prices in Europe and the United States but not in the Far East. These results are consistent, during most of the period under review (1998.5-2007.3), with the surge in demand for methanol throughout the Far East, particularly in China, Taiwan and South Korea, which appears to have played a relatively more dominant role in the Far East compared to that in Europe and the United States within the framework of the dynamic interactions of input and product prices. However, during the post-sample forecast period as evidenced in our variance decompositions analysis, the emergence of natural gas as the main driver of methanol prices in all three continents is consistent with the recent surge in natural gas price fueled mainly, among others, by the strong hedging activities in the natural gas futures/options as well as refining tightness (similar to those that were happening in the crude oil markets

  16. 76 FR 2093 - Eni USA Gas Marketing LLC; Application for Blanket Authorization To Export Liquefied Natural Gas

    Science.gov (United States)

    2011-01-12

    ... DEPARTMENT OF ENERGY [FE Docket No. 10-152-LNG] Eni USA Gas Marketing LLC; Application for Blanket... receipt of an application (Application), filed on November 30, 2010, by Eni USA Gas Marketing LLC (Eni USA... ocean-going carrier and with which trade is not prohibited by U.S. law or policy. Eni USA seeks to...

  17. Oilpatch Infobahn: SCADANet keeps gas marketers up to speed

    Energy Technology Data Exchange (ETDEWEB)

    Leschart, M.

    2002-08-01

    A new SCADAnet product that keeps tabs on the performance of natural gas wells in real time is described. The system consists of two subgroups. In one subgroup the system acts as a SCADA host for groups of wells, via the field connection, that communicate directly to the SCADAnet server through a dedicated remote terminal. In the second subgroup an augmented PC at the plant concentrates data from a number of SCADA hosts and plant-distributed control systems. One of the system's key selling points is the ability to provide real-time data to marketers, who up-to-now had to rely on old (up to a month) figures when estimating the amount of sales gas a producing company has available. The software not only allows incorporation of field data directly into its production accounting system, but also has an alarm feature notifying the operator or marketer of a production problem at a specific well via e-mail, pager or voice mail. Since the developers of the system had remote plant sites in mind when developing the system, SCADAnet contains few display-stalling, high resolution graphic images. It is designed for 19.2 bytes/sec modem in mind, so that even with a relatively slow Internet connection producers can access real-time production data and analyze the information with the software's trending features.

  18. Oilpatch Infobahn: SCADANet keeps gas marketers up to speed

    International Nuclear Information System (INIS)

    Leschart, M.

    2002-01-01

    A new SCADAnet product that keeps tabs on the performance of natural gas wells in real time is described. The system consists of two subgroups. In one subgroup the system acts as a SCADA host for groups of wells, via the field connection, that communicate directly to the SCADAnet server through a dedicated remote terminal. In the second subgroup an augmented PC at the plant concentrates data from a number of SCADA hosts and plant-distributed control systems. One of the system's key selling points is the ability to provide real-time data to marketers, who up-to-now had to rely on old (up to a month) figures when estimating the amount of sales gas a producing company has available. The software not only allows incorporation of field data directly into its production accounting system, but also has an alarm feature notifying the operator or marketer of a production problem at a specific well via e-mail, pager or voice mail. Since the developers of the system had remote plant sites in mind when developing the system, SCADAnet contains few display-stalling, high resolution graphic images. It is designed for 19.2 bytes/sec modem in mind, so that even with a relatively slow Internet connection producers can access real-time production data and analyze the information with the software's trending features

  19. 77 FR 50684 - Coordination Between Natural Gas and Electricity Markets; Supplemental Notice of Technical...

    Science.gov (United States)

    2012-08-22

    ... forecasted resource mix and/or interdependency risks from curtailments or contingencies? Can this issue be... (on behalf of APGA) Paul Greenwood, Manager for Americas Gas Marketing, ExxonMobil Gas & Power Marketing (on behalf of Natural Gas Supply Association) Laura Heckman, Director, Business Development...

  20. How gas producers can position themselves to take advantage of a deregulated energy market

    International Nuclear Information System (INIS)

    Reid, S.D.

    1996-01-01

    An overview of Norcen Energy Resource's finances, their production of oil, natural gas liquids (NGL) and gas, and their approach to marketing was provided in this poster presentation. Formerly owned power projects and current opportunities for Norcen were summarized. The potential role of natural gas in electrical restructuring, and some possible marketing strategies were highlighted

  1. 78 FR 30295 - Constellation Energy Commoditiesgroup, Inc., ENI USA Gas Marketing LLC, Sequent Energy Canada...

    Science.gov (United States)

    2013-05-22

    ... Marketing & authority to import/export Trading USA, natural gas from/to Canada/ Inc. Mexico and to import....) Inc. Nextera Energy Power Marketing, LLC, Trunkline LNG Export, LLC, Gasfin Development USA LLC, Louis... Granting Authority To Import and Export Natural Gas, To Import Liquefied Natural Gas, To Export Liquefied...

  2. 12th CERI [Canadian Energy Research Inst.] international oil and gas markets conference

    International Nuclear Information System (INIS)

    1993-01-01

    A conference was held to discuss international oil and gas markets. Presentations were given on world oil markets, world gas development, opportunities and challenges facing the North American refining industry, international investment and exploration projects, and the North American natural gas industry. Separate abstracts have been prepared for 20 papers from the conference

  3. Global gas processing will strengthen to meet expanding markets

    International Nuclear Information System (INIS)

    Haun, R.R.; Otto, K.W.; Whitley, S.C.; Gist, R.L.

    1996-01-01

    The worldwide LPG industry continues to expand faster than the petroleum industry -- 4%/year for LPG vs. 2%/year for petroleum in 1995 and less than 1%/year in the early 1990s. This rapid expansion of LPG markets is occurring in virtually every region of the world, including such developing countries as China. The Far East is the focus of much of the LPG industry's attention, but many opportunities exist in other regions such as the Indian subcontinent, Southeast Asia, and Latin America. The investment climate is improving in all phases of downstream LPG marketing, including terminaling, storage, and wholesale and retail distribution. The world LPG supply/demand balance has been relatively tight since the Gulf War and should remain so. Base demand (the portion of demand that is not highly price-sensitive) is expanding more rapidly than supplies. As a result, the proportion of total LPG supplies available for price-sensitive petrochemical feedstock markets is declining, at least in the short term. The paper discusses importers, price patterns, world LPG demand, world LPG supply, US NGL supply, US gas processing, ethane and propane supply, butane, isobutane, and natural gasoline supply, and US NGL demand

  4. The impact of the shale gas revolution on the U.S. and Japanese natural gas markets

    International Nuclear Information System (INIS)

    Wakamatsu, Hiroki; Aruga, Kentaka

    2013-01-01

    We investigated whether the increase in the US shale gas production changed the structures of the US and Japanese natural gas markets using market data for the period 2002:5–2012:5. Our analysis consists of a structural break test and market integration analysis. The Bai and Perron structural break test detected a break point of natural gas prices and consumption in 2005 as well as other external shocks – Hurricane Katrina and the Lehman Shock – that are irrelevant to shale gas development. We eliminated the impact of these shocks by separating the data set using the breaks identified in our analysis. We found the breaks skewed the estimation; a market linkage existed between the US and Japanese markets in the original data set, while it did not in the separated data. The vector autoregressive (VAR) model also indicated a significant change before and after the break point; the US market had a one-side influence on the Japanese market before 2005, but the influence disappeared after 2005. Our results implied that the shale gas revolution, triggered by the increase in shale gas production in 2005, caused the change in the relationship between the US and Japanese natural gas markets. -- Highlights: •We investigated the effect of the US shale gas revolution on gas markets. •A break test detected the shale gas revolution occurred in 2005. •The VAR model found a significant change before and after the break point. •The US influence on the Japanese market disappeared after 2005

  5. Interdependency Assessment of Coupled Natural Gas and Power Systems in Energy Market

    Science.gov (United States)

    Yang, Hongzhao; Qiu, Jing; Zhang, Sanhua; Lai, Mingyong; Dong, Zhao Yang

    2015-12-01

    Owing to the technological development of natural gas exploration and the increasing penetration of gas-fired power generation, gas and power systems inevitably interact with each other from both physical and economic points of view. In order to effectively assess the two systems' interdependency, this paper proposes a systematic modeling framework and constructs simulation platforms for coupled gas and power systems in an energy market environment. By applying the proposed approach to the Australian national electricity market (NEM) and gas market, the impacts of six types of market and system factors are quantitatively analyzed, including power transmission limits, gas pipeline contingencies, gas pipeline flow constraints, carbon emission constraints, power load variations, and non-electric gas load variations. The important interdependency and infrastructure weakness for the two systems are well studied and identified. Our work provides a quantitative basis for grid operators and policy makers to support and guide operation and investment decisions for electric power and natural gas industries.

  6. Energy efficiency - cogeneration - marketing - natural gas market: a complete cycle; Eficiencia energetica - cogeracao - marketing - mercado de gas natural: um ciclo completo

    Energy Technology Data Exchange (ETDEWEB)

    Almeida, J. Ricardo Uchoa C. [PETROBRAS - Gas e Energia, Rio de Janeiro, RJ (Brazil). Unidade de Negocios de Gas Natural; Aragao, Raimundo [International Institute for Energy Conservation - IIEC, Rio de Janeiro, RJ (Brazil); Arruda, Rodrigo

    2004-07-01

    This paper shows the current level of some technologies which are applied in Combined Heat Power - CHP, having natural gas as fuel, and the future perspectives for its technological advances. The work introduces the economic feasibility of these technologies having as reference the present prices of electricity and natural gas in Brazilian Market. This report also informs the influence of specific parameters in Combined Heat Power - CHP projects net present value. Finally the paper shows the main barrels for Combined Heat Power - CHP dissemination in Brazil and indicates some recommendations on how to eliminate and/or attenuate them. (author)

  7. Market monitor of the Dutch small-scale consumer market for electricity and natural gas. July 2006 - June 2007

    International Nuclear Information System (INIS)

    Van Liere, M.; Postema, B.; Te Velthuis, M.

    2009-01-01

    Every year the Dutch Competition Authority compiles a monitor report with the purpose of monitoring developments in the small consumers' markets for electricity and gas, identifying potential bottlenecks and providing recommendations for the enhancement of more efficient market power. This monitor report maps the market structure and market results of the small consumers' market. First, an overview is provided of a number of events that were in the news in the last year. Next chapters 1,2 and 3 (concentration, transparency and access thresholds) provide a description of the market structure in the small consumers' market. Chapters 4 up to and including 8 (prices, product range, services, switching and market confidence) address the market results [nl

  8. Security of supply and retail competition in the European gas market

    International Nuclear Information System (INIS)

    Abada, Ibrahim; Massol, Olivier

    2011-01-01

    In this paper, we analyze the impact of uncertain disruptions in gas supply upon gas retailer contracting behavior and consequent price and welfare implications in a gas market characterized by long-term gas contracts using a static Cournot model. In order to most realistically describe the economical situation, our representation divides the market into two stages: the upstream market that links, by means of long-term contracts, producers in exporting countries (Russia, Algeria, etc.) to local retailers who bring gas to the consuming countries to satisfy local demands in the downstream market. Disruption costs are modeled using short-run demand functions. First we mathematically develop a general model and write the associated KKT conditions, then we propose some case studies, under iso-elasticity assumptions, for the long-short-run inverse-demand curves in order to predict qualitatively and quantitatively the impacts of supply disruptions on Western European gas trade. In the second part, we study in detail the German gas market of the 1980s to explain the supply choices of the German retailer, and we derive interesting conclusions and insights concerning the amounts and prices of natural gas brought to the market. The last part of the paper is dedicated to a study of the Bulgarian gas market, which is greatly dependent on the Russian gas supplies and hence very sensitive to interruption risks. Some interesting conclusions are derived concerning the necessity to economically regulate the market, by means of gas amounts control, if the disruption probability is high enough. - Highlights: → We model retail competition using a Nash-Cournot framework. → Risk-neutral retailers decide their import policy among a set of risky producers. → Case 1: the German gas trade of the 1980s to understand the gas sources' choices. → Case 2: the current Bulgarian gas trade to study the market properties. → Conclusions about the market regulation for welfare optimization

  9. Charting the new world order: proceedings of the 15. CERI international oil and gas markets conference

    International Nuclear Information System (INIS)

    1996-10-01

    The 15th International Oil and Gas Markets Conference, organized by the Canadian Energy Research Institute (CERI) and held in Calgary, AB, provided a wide variety of opportunities for discussion of the global oil and gas market outlook, international oil and gas market strategies and corporate planning in the new world order, competition for investments, the re-emergence of the geopolitics of energy, energy in the Americas, international gas market strategies, and the financing of Canadian international operations. More than 100 delegates from around the world attended the conference to hear some 20 presentations. refs., tabs., figs

  10. The vectorial release of nascent immunoglobulin peptides.

    Science.gov (United States)

    Bevan, M J

    1971-03-01

    A microsomal preparation from a mouse plasmacytoma, MOPC 47A, that secretes immunoglobulin A was used to study the release of nascent immunoglobulin peptides in vitro. Nascent chains were released with puromycin and characterized with specific antiserum against the immunoglobulin product of the tumour. When the tissue had been prelabelled with [(3)H]leucine the experiments were complicated by the large background of completed radioactive polypeptides in the microsomal preparation. Up to one-third of the released radioactivity in the microsomal preparation could be recognized as immunoglobulin. With [(3)H]-puromycin as the radioactive label, however, the results are much easier to interpret, although the proportion of released radioactivity that can be identified as immunoglobulin is lower (up to one-tenth). Both types of experiment demonstrate that all of the recognizable nascent immunoglobulin chains remain in association with the microsomal vesicles after release from the ribosomes.

  11. China's gas market under new situations: Trends and countermeasures – Taking Sichuan and Chongqing gas provinces as an example

    Directory of Open Access Journals (Sweden)

    Zi'ang Jiang

    2016-05-01

    Full Text Available The world oil and gas market has entered a new period of low oil prices, which has inevitably affected the natural gas market in China. So, it is urgent to timely study the market trends and to actively seek for appropriate countermeasures. In this paper, the development trends of China's gas market under the situations of New Normal and low oil prices were analyzed from the perspective of sustainable development of the natural gas industrial chain and market, by taking the Sichuan and Chongqing gas provinces as an example, which are of representative and of great significance to China in its natural gas market. The following trends were identified. First, the gas market reform will be deepened. Second, the competition among major market players will be intensified. Third, supply will exceed demand. Fourth, export tasks will be difficult. Fifth, higher demand of “guarantees of the minimum GDP, tax and profit” will be raised for local government. And sixth, low-cost strategy will be indispensable to oil and gas enterprises. In order to cater to these trends, some countermeasures were presented during the 13th Five-Year Plan. First, to improve the natural gas market system, to strengthen the supply-side reform, to complete market development modes, and to promote the introduction of governmental policies for relevant industries. Second, to develop the efficient gas-consuming clusters such as industrial parks, LNG-fueled vehicles and vessels, and distributed energy sources system, to establish innovative marketing strategy systems, and to boost the localization of resource consumption, through the establishment of strategic alliances for natural gas terminal markets in partnership with local governments and competitive enterprises, while the Chinese government is intensifying efforts in promoting energy conservation and pollution reduction and haze control. Third, to improve the cobweb pipeline network system, and to establish the strategic

  12. Short-term outlook for natural gas and natural gas liquids to 2006 : an energy market assessment

    International Nuclear Information System (INIS)

    2005-10-01

    In recent years, natural gas markets in North America have seen a close balance between supply and demand, resulting in high and volatile natural gas prices. The National Energy Board monitors the supply of all energy commodities in Canada along with the demand for Canadian energy commodities in domestic and export markets. This is the NEB's first energy market assessment report that presents a combined short-term analysis and outlook of natural gas and natural gas liquids (NGLs), such as ethane, propane and butane. It provides comprehensive information on the complexity of natural gas and NGL industries and highlights recent developments and topical issues. As a major producer of natural gas, western Canada has a correspondingly large natural gas processing capability that was developed specifically to extract NGLs. A world-scale petrochemical industry was developed in Alberta to convert NGLs into even higher valued products such as ethylene. Since NGLs in Canada are sourced mostly from natural gas, changes to the supply and demand for natural gas would impact NGL supply. This report addressed the issue of commodity prices with reference to crude oil, natural gas and NGL prices. Natural gas supply in terms of North American production and natural gas from coal (NGC) was also reviewed along with natural gas demand for residential and commercial heating, industrial use, power generation, and enhanced recovery for oil sand operations. There are about 692 gas plants in Canada that process raw natural gas into marketable gas and NGLs. Most are small field plants that process raw natural gas production to remove impurities such as sulphur, water and other contaminants. This report also discussed this infrastructure, with reference to field plants, straddle plants, pipelines, distribution and storage, including underground NGL storage. 3 tabs., 27 figs., 5 appendices

  13. CO2 abatement policies in the power sector under an oligopolistic gas market

    International Nuclear Information System (INIS)

    Hecking, Harald

    2014-01-01

    The paper at hand examines the power system costs when a coal tax or a fixed bonus for renewables is combined with CO 2 emissions trading. It explicitly accounts for the interaction between the power and the gas market and identifies three cost effects: First, a tax and a subsidy both cause deviations from the cost-efficient power market equilibrium. Second, these policies also impact the power sector's gas demand function as well as the gas market equilibrium and therefore have a feedback effect on power generation quantities indirectly via the gas price. Thirdly, by altering gas prices, a tax or a subsidy also indirectly affects the total costs of gas purchase by the power sector. However, the direction of the change in the gas price, and therefore the overall effect on power system costs, remains ambiguous. In a numerical analysis of the European power and gas market, I find using a simulation model integrating both markets that a coal tax affects gas prices ambiguously whereas a fixed bonus for renewables decreases gas prices. Furthermore, a coal tax increases power system costs, whereas a fixed bonus can decrease these costs because of the negative effect on the gas price. Lastly, the more market power that gas suppliers have, the stronger the outlined effects will be.

  14. The paradigm change in international natural gas markets and the impact on regulation

    International Nuclear Information System (INIS)

    Van der Linde, Coby; Correlje, Aad; De Jong, Jacques; Toenjes, Christoph

    2006-04-01

    CIEP was strongly involved in the preparation of the discussions on the regulation of gas markets at the World Gas Conference in Amsterdam, 6-9 June 2006. CIEP's new study on gas market regulation served as the starting note for the strategic panel discussion 'The art of regulation'. It combines a theoretical foundation for the discussion on gas market regulation with the outcomes of a series of workshops, which addressed gas market regulation in various parts of the world. In particular, the authors aimed at examining whether changing circumstances in international gas markets require adaptations in current regulatory regimes.The study highlights that the regulation of gas markets, made up of elements such as international agreements, licensing and permitting procedures, competition policy, consumer protection and network access regulation, needs to take the specific regional circumstances of the gas market in question into account. There is no 'one size fits all' solution that is applicable to all gas markets in order to bring about the investments necessary

  15. Gas elephants: Arctic projects revived by expanding markets and pipelines

    Energy Technology Data Exchange (ETDEWEB)

    Jaremko, G.

    2000-01-03

    The revival of interest in Arctic natural gas and the developing competition to extend the pipeline grid to Alaska and the Yukon and the Northwest territories are the subject of this report. Substantial agreement between competing interest groups is reported with respect to the need for Arctic gas and the willingness of the market to pay for bringing it south to consumers. The discussion centers on the construction of the Alliance Pipeline Project that will reportedly bring two billion cubic feet per day of excess capacity to transport natural gas from northeastern British Columbia to Chicago, and the 2,400 km long Foothills Pipelines System that carries about one-third of Canadian gas exports to middle-western states and California. Plans are to extend the line to 5,240 km by laying pipe in a giant Y pattern between Prudhoe Bay and the Mackenzie delta in the north, and the start of the Foothills System at Caroline in central Alberta. The estimated cost of the line is about $US 6 billion, using a 36-inch diameter line at increased pressures in place of the 56-inch diameter pipe used in the 1970s. Construction plans are similar for the rest of the big Y, the Dempster Lateral beside the Dempster Highway between Whitehorse and Inuvik. A competing project, the Northern Gas Pipeline Project is also discussed. This line would run east of Prudhoe Bay under the Beaufort Sea to the Mackenzie Delta; then south along the Mackenzie Valley to Alberta. Cost of this line is also estimated at $US 6 billion, however, it would have a capacity of four billion cubic feet per day, including 2.5 billion cubic feet from Alaska and 1.5 billion cubic feet from Canada. Strong revival of interest is also reported from the supply side, with BP Amoco, ARCO, Chevron Canada Resources, Ranger 0il Ltd., Paramount Resources, Berkley Petroleum Corporation, Canadian Forest Oil, Alberta Energy Company, Petro-Canada, Anderson Resources, and Poco Petroleum Ltd., all showing interest to mount new

  16. European gas markets and Russian LNG. Prospects for the development of European gas markets and model simulations of possible new LNG supplies from year 2000

    International Nuclear Information System (INIS)

    Eldegard, Tom

    1996-01-01

    The study aims at clarifying the framework for possible LNG exports from Northern Russia and focuses on the European natural gas markets. The first stage provides general background information on the market structure and related topics. In the second stage this information is used to develop a formal market model and subject it to simulations with various assumptions of the future gas supply. The model is described and results from simulations are given. In the first stage facts from the history of the European natural gas market are outlined. Underlying conditions for the development of natural gas markets in Europe are addressed. The EU has been promoting trade liberalisation in the energy sector but most counties resist freer gas trade across the boarders. New infrastructure development for natural gas are either underway or planned. Some important projects are mentioned. Gas in a global perspective is discussed. The cost structure of the LNG chain is mentioned and an overview of existing LNG export capacities world-wide and major reception terminals in Europe and the USA is given. The second stage employs a scenario analysis to evaluate the economic effects of hypothetical LNG deliveries from Northern Russia. The model is developed for the analysis of West European natural gas markets and designed to allow users to create a structural system of interconnected producers and market regions. Basic assumptions for the evolution of natural gas markets till 2005 is developed and base case scenarios calculated for the years 2000 and 2005 and used as a point of reference for the alternative scenarios considered. According to the analysis the introduction of a new LNG supplier in the European gas market will inflict a substantial loss upon all the existing producers. The primary keys to this result are the assumptions made for gas demand and supply capacity. The LNG alternative will hardly be approved for purely economic reasons as long as the Russians maintain

  17. European gas markets and Russian LNG. Prospects for the development of European gas markets and model simulations of possible new LNG supplies from year 2000

    Energy Technology Data Exchange (ETDEWEB)

    Eldegard, Tom [Foundation for Research in Economics and Business Administration, Bergen (Norway)

    1996-07-01

    The study aims at clarifying the framework for possible LNG exports from Northern Russia and focuses on the European natural gas markets. The first stage provides general background information on the market structure and related topics. In the second stage this information is used to develop a formal market model and subject it to simulations with various assumptions of the future gas supply. The model is described and results from simulations are given. In the first stage facts from the history of the European natural gas market are outlined. Underlying conditions for the development of natural gas markets in Europe are addressed. The EU has been promoting trade liberalisation in the energy sector but most counties resist freer gas trade across the boarders. New infrastructure development for natural gas are either underway or planned. Some important projects are mentioned. Gas in a global perspective is discussed. The cost structure of the LNG chain is mentioned and an overview of existing LNG export capacities world-wide and major reception terminals in Europe and the USA is given. The second stage employs a scenario analysis to evaluate the economic effects of hypothetical LNG deliveries from Northern Russia. The model is developed for the analysis of West European natural gas markets and designed to allow users to create a structural system of interconnected producers and market regions. Basic assumptions for the evolution of natural gas markets till 2005 is developed and base case scenarios calculated for the years 2000 and 2005 and used as a point of reference for the alternative scenarios considered. According to the analysis the introduction of a new LNG supplier in the European gas market will inflict a substantial loss upon all the existing producers. The primary keys to this result are the assumptions made for gas demand and supply capacity. The LNG alternative will hardly be approved for purely economic reasons as long as the Russians maintain

  18. The evolution of gas price: gas assessment and perspectives; The evolution of gas price on the American, Asian and European markets; Assessment of the organised gas market; Assessment of gas market opening; Gas price: the point of view of consumers and providers; Tariff, the formula which cannot be found: a new stage in an endless history; The diversity of the world gas industry: the Mediterranean situation on prices

    International Nuclear Information System (INIS)

    Malherbe, Herve; Corbeau, Anne-Sophie; Lu, Long; Maire, Jacques; Verdier, Catherine; Bros, Thierry; Nyouki, Evariste; Astruc, Pierre; Katz, Richard; Jamme, Dominique; Rosier, Philippe; Salanson, Damien; Saniez, Thierry; Moraleda, Pedro; Le Gourrierec, M.

    2012-01-01

    After a brief introduction, this document contains the various contributions and interventions during round tables dealing with the evolution of gas price on American, Asian and European markets, an assessment of the organised gas market (model, references, members, and so on), an assessment of market gas opening, the point of view of consumers and providers on gas price. Then three articles address the issue of gas pricing in France, the developments of gas industry in the world (consumptions, production, perspectives for LNG) and the Mediterranean situation with respect to gas prices (trends and challenges)

  19. The World gas model. A multi-period mixed complementarity model for the global natural gas market

    International Nuclear Information System (INIS)

    Egging, Ruud; Holz, Franziska; Gabriel, Steven A.

    2010-01-01

    We provide the description, mathematical formulation and illustrative results of the World Gas Model, a multi-period complementarity model for the global natural gas market with explicit consideration of market power in the upstream market. Market players include producers, traders, pipeline and storage operators, LNG (liquefied natural gas) liquefiers and regasifiers as well as marketers. The model data set contains more than 80 countries and regions and covers 98% of world wide natural gas production and consumption. We also include a detailed representation of cross-border natural gas pipelines and constraints imposed by long-term contracts in the LNG market. The model is calibrated to match production and consumption projections from the PRIMES [EC. European energy and transport: trends to 2030-update 2007. Brussels: European Commission; 2008] and POLES models [EC. World energy technology outlook - 2050 (WETO-H2). Brussels: European Commission; 2006] up to 2030. The results of our numerical simulations illustrate how the supply shares of pipeline and LNG in various regions in the world develop very differently over time. LNG will continue to play a major role in the Asian market, also for new importers like China and India. Europe will expand its pipeline import capacities benefiting from its relative proximity to major gas suppliers. (author)

  20. Natural gas revenues in the Netherlands. Consequences of the liberalization of the natural gas market for the Dutch State

    International Nuclear Information System (INIS)

    Van Dam, J.; Krijnen, L.; Van Maasacker, M.

    1999-01-01

    For the Dutch government, natural gas is an important source of revenue. The liberalisation of the gas market has serious consequences for the revenues the Dutch government generates by producing and selling natural gas. In late September 1999, the Netherlands Office of Audits ('Algemene Rekenkamer') published a report with gloomy prospects concerning future natural gas revenues. The Office expects a reduction in government revenues that may even run into more than 2 billion Dutch guilders a year. A report was prepared to provide insight into the financial effects of market liberalisation and to allow the Dutch Parliament to reach an informed decision

  1. Synthesis of the report on the french gas market opening 24 october 2002

    International Nuclear Information System (INIS)

    Syrota, J.

    2002-10-01

    This document takes stock on the french gas market opening since august 2000, date of putting into force of the Directive 98/30/CE and proposes recommendations, after taking concerned parties opinion, on the the main questions relative to the future gas regulation: the market, the european harmonization, the tariffs, the distribution access, the transparency. (A.L.B.)

  2. Surveillance report 2015-2016. Functioning of the wholesale electricity, CO2 and natural gas markets

    International Nuclear Information System (INIS)

    2016-01-01

    After a presentation of some key figures regarding the electric power and natural gas markets, this reports, illustrated by many data tables, discusses the integration of wholesale market surveillance in the European system: a complete and operational framework, constitution of a European register of participants, data reporting at the European level, link with financial regulation, and surveillance of wholesale agents. In the second part, it gives an overview of the context of the energy markets: drop in raw material prices, temperatures above normal with a particularly mild winter, sharp drop in the price of emission allowances. The third section proposes an analysis of wholesale electricity markets: fundamentals (evolutions of production and consumption, of production sources, D-7 nuclear availability), wholesale prices, major growth in exchanged volumes. The last section addresses wholesale natural gas markets: review of the gas system (evolution of demand and supply), evolution of gas prices, evolution of trading (global deliveries, spot and forward market)

  3. Convergence of the gas and electricity markets - Implications for the traditional players

    Energy Technology Data Exchange (ETDEWEB)

    Waffel, H. Dieter

    1999-07-01

    This presentation begins with an overview of PreussenElektra, a company that generates electricity from a variety of energy sources, including gas. It then describes developments in the European electricity market and finds striking similarities between that market and the electricity market of the USA as of 1992. Then issues concerning convergence of gas and electricity are considered. Experience from the USA shows that experience gained during gas deregulation could be used in electricity deregulation. Many natural synergies exist between the electric and gas markets, which could speed convergence. One of the first signals of convergence will be the formation of strategic alliances between gas and electricity companies. There are many open questions to consider as deregulation is implemented and convergence occurs. Convergence in Europe promises to be a near-term growth opportunity for advocates and consultants. Market dynamics promise that there will be winners and losers. Incumbency is an advantage, not an assurance of success.

  4. Convergence of the gas and electricity market - Implications for the traditional players

    Energy Technology Data Exchange (ETDEWEB)

    Waffel, H. Dieter

    1999-07-01

    This presentation begins with an overview of PreussenElektra, a company that generates electricity from a variety of energy sources, including gas. It then describes developments in the European electricity market and finds striking similarities between that market and the electricity market of the USA as of 1992. Then issues concerning convergence of gas and electricity are considered. Experience from the USA shows that experience gained during gas deregulation could be used in electricity deregulation. Many natural synergies exist between the electric and gas markets, which could speed convergence. One of the first signals of convergence will be the formation of strategic alliances between gas and electricity companies. There are many open questions to consider as deregulation is implemented and convergence occurs. Convergence in Europe promises to be a near-term growth opportunity for advocates and consultants. Market dynamics promise that there will be winners and losers. Incumbency is an advantage, not an assurance of success.

  5. Future evolution of the liberalised European gas market: Simulation results with a dynamic model

    Energy Technology Data Exchange (ETDEWEB)

    Lise, Wietze [IBS Research and Consultancy, Aga Han, Agahamami Cadessi 1/6, Cihangir, 34433 Beyoglu, Istanbul (Turkey); Energy Markets and International Environmental Policy group, ECN Policy Studies, Energy Research Centre of the Netherlands, Amsterdam (Netherlands); Hobbs, Benjamin F. [Department of Geography and Environmental Engineering, The Johns Hopkins University, Ames Hall 313, 3400 North Charles Street, Baltimore, MD 21218 (United States)

    2008-07-15

    Strategic behaviour by gas producers is likely to affect future gas prices and investments in the European Union (EU). To analyse this issue, a computational game theoretic model is presented that is based on a recursive-dynamic formulation. This model addresses interactions among demand, supply, pipeline and liquefied natural gas (LNG) transport, storage and investments in the natural gas market over the period 2005-2030. Three market scenarios are formulated to study the impact of producer market power. In addition, tradeoffs among investments in pipelines, LNG liquefaction and regasification facilities, and storage are explored. The model runs indicate that LNG can effectively compete with pipelines in the near future. Further, significant decreases in Cournot prices between 2005 and 2010 indicate that near-term investments in EU gas transport capacity are likely to diminish market power by making markets more accessible. (author)

  6. Future evolution of the liberalised European gas market: Simulation results with a dynamic model

    International Nuclear Information System (INIS)

    Lise, Wietze; Hobbs, Benjamin F.

    2008-01-01

    Strategic behaviour by gas producers is likely to affect future gas prices and investments in the European Union (EU). To analyse this issue, a computational game theoretic model is presented that is based on a recursive-dynamic formulation. This model addresses interactions among demand, supply, pipeline and liquefied natural gas (LNG) transport, storage and investments in the natural gas market over the period 2005-2030. Three market scenarios are formulated to study the impact of producer market power. In addition, tradeoffs among investments in pipelines, LNG liquefaction and regasification facilities, and storage are explored. The model runs indicate that LNG can effectively compete with pipelines in the near future. Further, significant decreases in Cournot prices between 2005 and 2010 indicate that near-term investments in EU gas transport capacity are likely to diminish market power by making markets more accessible. (author)

  7. Convergence of the gas and electricity market - Implications for the traditional players

    International Nuclear Information System (INIS)

    Waffel, H. Dieter

    1999-01-01

    This presentation begins with an overview of PreussenElektra, a company that generates electricity from a variety of energy sources, including gas. It then describes developments in the European electricity market and finds striking similarities between that market and the electricity market of the USA as of 1992. Then issues concerning convergence of gas and electricity are considered. Experience from the USA shows that experience gained during gas deregulation could be used in electricity deregulation. Many natural synergies exist between the electric and gas markets, which could speed convergence. One of the first signals of convergence will be the formation of strategic alliances between gas and electricity companies. There are many open questions to consider as deregulation is implemented and convergence occurs. Convergence in Europe promises to be a near-term growth opportunity for advocates and consultants. Market dynamics promise that there will be winners and losers. Incumbency is an advantage, not an assurance of success

  8. Separation of flue-gas scrubber sludge into marketable products

    Energy Technology Data Exchange (ETDEWEB)

    Kawatra, S.K.; Eisele, T.C.

    1997-08-31

    A tremendous amount of wet flue-gas desulfurization scrubber sludge (estimated 20 million metric tons per year in the US) is currently being landfilled at a huge cost to utility companies. Scrubber sludge is the solid precipitate produced during desulfurization of flue-gas from burning high sulfur coal. The amount of this sludge is expected to increase in the near future due to ever increasing governmental regulation concerning the amount of sulfur emissions. Scrubber sludge is a fine, grey colored powder that contains calcium sulfite hemihydrate (CaSO{sub 3} {center_dot} 1/2H{sub 2}), calcium sulfate dihydrate (CaSO{sub 4} {center_dot} 2H{sub 2}O), limestone (CaCO{sub 3}), silicates, and iron oxides. This material can continue to be landfilled at a steadily increasing cost, or an alternative for utilizing this material can be developed. This study explores the characteristics of a naturally oxidized wet flue-gas desulfurization scrubber sludge and uses these characteristics to develop alternatives for recycling this material. In order for scrubber sludge to be used as a feed material for various markets, it was necessary to process it to meet the specifications of these markets. A physical separation process was therefore needed to separate the components of this sludge into useful products at a low cost. There are several physical separation techniques available to separate fine particulates. These techniques can be divided into four major groups: magnetic separation, electrostatic separation, physico-chemical separation, and density-based separation. The properties of this material indicated that two methods of separation were feasible: water-only cycloning (density-based separation), and froth flotation (physico-chemical separation). These processes could be used either separately, or in combination. The goal of this study was to reduce the limestone impurity in this scrubber sludge from 5.6% by weight to below 2.0% by weight. The resulting clean calcium

  9. Increased competition on the supply side of the Western European natural gas market

    International Nuclear Information System (INIS)

    Golombek, R.; Gjelsvik, E.; Rosendahl, K.N.

    1996-01-01

    This publication discusses the impact of breaking up national gas sales consortia in Western Europe. A numerical model of the Western European natural gas market is used to show that once the demand side of the market is liberalized, each producing country has an incentive to break up its national gas sales consortium. The situation is not stable, however, since each country has an incentive to increase the number of domestic producers in response to more competitors. Consequently the model suggests that there may be a large number of producers in a completely liberalized natural gas market. 19 refs., 1 fig., 3 tabs

  10. Ex-ante analysis of welfare change for a liberalization of the natural gas market

    International Nuclear Information System (INIS)

    Jeongdong Lee; Jongsu Lee; Taiyoo Kim

    2004-01-01

    This paper investigates the potential impact of divestiture of the natural gas market monopoly in terms of supply quantity, price, and social welfare. The empirical application is focused on the case of the Korean natural gas market. The simulation is performed with different behavioral assumptions after divestiture, such as the current regulatory scheme, marginal cost (MC) pricing, and Cournot competition. The characteristic feature of the Korean natural gas market is its heavy dependence upon liquefied natural gas, which is reflected in the estimation of the cost structure. The empirical results signify the importance of national or social guidelines to secure consumer surplus and social welfare. (Author)

  11. Ex-ante analysis of welfare change for a liberalization of the natural gas market

    International Nuclear Information System (INIS)

    Lee, Jeong-Dong; Lee, Jongsu; Kim, Tai-Yoo

    2004-01-01

    This paper investigates the potential impact of divestiture of the natural gas market monopoly in terms of supply quantity, price, and social welfare. The empirical application is focused on the case of the Korean natural gas market. The simulation is performed with different behavioral assumptions after divestiture, such as the current regulatory scheme, marginal cost (MC) pricing, and Cournot competition. The characteristic feature of the Korean natural gas market is its heavy dependence upon liquefied natural gas, which is reflected in the estimation of the cost structure. The empirical results signify the importance of national or social guidelines to secure consumer surplus and social welfare

  12. Price quotes for oil. AFM - quotes for gas oil and fuel oil on the ARA market

    Energy Technology Data Exchange (ETDEWEB)

    1981-05-01

    Prices quoted during the last few weeks for fuel oil and gas oil on the ARA market, on the New York future market, by the Berlin price supervision authority, FOB TW from German storage or refinery, and on the German commodity markets for fuel oil are listed.

  13. Electricity, Natural Gas and CO2 markets Observatory - 2. Quarter of 2013

    International Nuclear Information System (INIS)

    2013-06-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. Since 2013, it also covers the wholesale CO 2 market. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  14. Monitor consumers market electricity and natural gas 2010

    International Nuclear Information System (INIS)

    Schalm, T.; Cordeweners, J.; Noorlander, M.; Kahl, E.

    2011-02-01

    This monitor maps the developments in the energy market for small users (consumers). It can be used to identify possible bottlenecks in this market. The monitoring report describes the energy market for consumers by means of six indicators that are relevant for the operation of the market: demand for products, prices, access and concentration, switching, transparency and service provision. [nl

  15. French Gas Association roundtable - May 27, 2013. Evolutions of the LNG market

    International Nuclear Information System (INIS)

    Robin, Jean-Yves; Brunero, Francois; Cotin, Pierre; Daubonne, Jean-Francois; Deybach, Frederic; Seilhan, Bruno

    2013-01-01

    The LNG industry is currently facing contrasting trends, with overall decreasing consumption in 2012 compared to the previous year, large uncertainties on gas prices - energy being regarded by European and Asian customers as costly - and however very encouraging prospects, in particular regarding LNG as a fuel. This document reports on the minutes of the French Gas Association roundtable on the subject 'Evolutions of the LNG market'. Contents: 1) LNG Market Outlook, 2) LNG in Europe, 3) LNG terminals and the evolving LNG market, 4) The road-transported LNG market, 5) LNG market trends, 6) Questions and Answers

  16. Eleventh CERI [Canadian Energy Research Inst.] international oil and gas markets conference

    International Nuclear Information System (INIS)

    1992-01-01

    At a conference on international oil and gas markets, papers were presented on world oil and gas markets; energy policies; regulatory policies; supply and demand scenarios; environmental issues; the markets and industries in individual countries such as the former Soviet Union, USA, Canada, and the United Kingdom; business strategies; geopolitics of energy; and coalbed methane supplies. Separate abstracts have been prepared for 22 papers from this conference

  17. Which strategic challenges for the gas markets in the 21. century

    International Nuclear Information System (INIS)

    Moncel, V.

    2000-01-01

    During the CMG 2000 worldwide gas congress, a round table about the worldwide strategies of gas markets was organized. This article summarizes the debates that took place between experts in this domain: opportunities and challenges for the natural gas markets (resources, growing markets, natural gas uses, long term uses); how to develop natural gas markets in developing or almost developed countries (future challenges, opportunities, technology transfers); the worldwide gas industry: the technological needs (transport and petrochemical production, technology impacts, environment protection); the essential technological challenges for the new century; information as driving force of technology (energy choice, role of R and D, information dissemination, on line trade); the challenges in developed countries. (J.S.)

  18. Considerations and concerting on the european directive transposition to the internal gas market

    International Nuclear Information System (INIS)

    Bricq, N.

    1999-10-01

    In the framework of the directive 98/30/CE transposition on the the gas internal market, a report has been asked by the First Ministry to define the new form of the gas utilities. The directive deals with the competition opening. The first part presents the gas market organization in France, today and after the transposition. The second part analyses the big stakes of this transposition. (A.L.B)

  19. The French wholesale electricity and natural gas markets. 2009-2010 Report

    International Nuclear Information System (INIS)

    2010-10-01

    This report on the operation of French wholesale electricity and natural gas markets deals with CRE wholesale market surveillance activities. It capitalizes on the experience gained in this area since the Law of the 7 December 2006 gave the CRE market surveillance powers. It is also based on feedback from discussions and interaction with the different stakeholders through public consultations. Market surveillance applies to: - electricity and gas, - bilateral transactions, trading on exchanges and cross-border transactions, - all maturities, from short-term markets to long-term contracts, - all French wholesale market counter-parties, whatever nationality they may have, - contracts for physical delivery, as well as to financial products. The Law also allows extensive surveillance of market participants' behaviour, in that the CRE can oversee not only transactions between operators but also their bids and the correspondence between the prices charged and the position of each operator. In order to address these different subjects, the electricity and gas sections of this report are divided into four main chapters dealing with the development of trading, wholesale market price trends, the fundamentals (generation, infrastructures) and, finally, the analysis of electricity transactions and the supply of alternative gas operators. Contents: A - Introduction, Summary of the report; B - Section 1 - The wholesale electricity markets: The development of the main segments of the wholesale market, Electricity prices, Analysis of generation and its transparency, Analysis of transactions; C - Section 2 - The wholesale gas markets: The development of gas trading, Gas prices, The gas infrastructures, The supply of players/new entrants; D - Section 3 - Appendices: Glossary, Index to graphs, Index to tables, Index to boxes

  20. Natural gas market review 2008 - optimising investments and ensuring security in a high-priced environment

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-09-18

    Over the last 18 months, natural gas prices have continued to rise steadily in all IEA markets. What are the causes of this steady upward trend? Unprecedented oil and coal prices which have encouraged power generators to switch to gas, together with tight supplies, demand for gas in new markets and delayed investments all played a role. Investment uncertainties, cost increases and delays remain major concerns in most gas markets and are continuing to constitute a threat to long-term security of supply. A massive expansion in LNG production is expected in the short term to 2012, but the lag in LNG investment beyond 2012 is a concern for all gas users in both IEA and non-IEA markets. Despite this tight market context, regional markets continue on their way to globalisation. This tendency seems irreversible, and it impacts even the most independent markets. Price linkages and other interactions between markets are becoming more pronounced. This publication addresses these major developments, assessing investment in natural gas projects (LNG, pipelines, upstream), escalating costs, the activities of international oil and gas companies, and gas demand in the power sector. In addition, the publication includes data and forecasts on OECD and non-OECD regions to 2015 and in-depth reviews of five OECD countries and regions including the European Union. It also provides analysis of 34 non-OECD countries in South America, the Middle East, Africa, and Asia, including a detailed assessment of the outlook for gas in Russia, as well as insights on new technologies to deliver gas to markets.

  1. Natural gas industry in USSR and in Central Europe: Domestic market and exports

    International Nuclear Information System (INIS)

    Kousnetzoff, N.

    1993-01-01

    This paper strikes the balance of natural gas industry in USSR and Central Europe and the state of domestic market and exports: natural gas accounting in Eastern Europe before the crisis, production capacity of the former USSR, impacts of crisis on natural gas consumption and long term forecasts are the main subjects described. 2 tab

  2. Security of supply and retail competition in the European gas market. Some model-based insights

    International Nuclear Information System (INIS)

    Abada, Ibrahim; Massol, Olivier

    2011-04-01

    In this paper, we analyze the impact of uncertain disruptions in gas supply upon gas retailer contracting behavior and consequent price and welfare implications in a gas market characterized by long-term gas contracts using a static Cournot model. In order to most realistically describe the economical situation, our representation divides the market into two stages: the upstream market that links, by means of long-term contracts, producers in exporting countries (Russia, Algeria, etc.) to local retailers who bring gas to the consuming countries to satisfy local demands in the downstream market. Disruption costs are modeled using short-run demand functions. First we mathematically develop a general model and write the associated KKT conditions, then we propose some case studies, under iso-elasticity assumptions, for the long-short-run inverse-demand curves in order to predict qualitatively and quantitatively the impacts of supply disruptions on Western European gas trade. In the second part, we study in detail the German gas market of the 1980's to explain the supply choices of the German retailer, and we derive interesting conclusions and insights concerning the amounts and prices of natural gas brought to the market. The last part of the paper is dedicated to a study of the Bulgarian gas market, which is greatly dependent on the Russian gas supplies and hence very sensitive to interruption risks. Some interesting conclusions are derived concerning the necessity to economically regulate the market, by means of gas amounts control, if the disruption probability is high enough. (authors)

  3. A case study from Turkey: Turkish auto-gas market towards sustainability

    International Nuclear Information System (INIS)

    Mme Kaya

    2008-01-01

    Turkish auto-gas market grew uncontrollably trough its initial years, leading to auto-gas product, retrofit cars, auto-gas filing stations and conversion shops in compliance with standards. Moreover, standards were not even adequate for a healthy market. Auto-gas accidents occurred due to mis-applications. Consequently, real benefits of auto-gas could not come into the picture, and general public as well as auto-gas customers came to perceive auto-gas as an inferior, unsafe and low-performance fuel. Today's market is really different than the markets in its initial years and it has covered a long way towards sustainability. To exemplify, the standards and inspections are well established and more strict than before. The image of auto-gas has improved considerably and now customers know that auto-gas is not only economic but also environment-friendly safe and good performance. The critical factor, bringing the market into sustainability and healthiness, are the developments in 4 crucial areas, namely, the government, LPG distribution companies, OEMs and auto-gas conversion firms and lastly, customers. Another important key success factor is cooperation between these 4 forces. The presentation will mainly focus on developments in these areas. (author)

  4. Generating social capital in globalised networks for growth and development in nascent entrepreneurial ventures

    OpenAIRE

    Simba, A

    2016-01-01

    Global markets are no longer dominated by multinational enterprises (MNEs) alone, international new ventures (INVs) or born globals are increasingly becoming serious contenders in terms of employment & wealth creation as well as revenue generation. In seeking to penetrate global markets they often rely on their entrepreneurial behaviours. Specifically, these nascent but entrepreneurial firms often take advantage of existing and newly developed networks, both domestically and internationally, ...

  5. The Biogenesis of Nascent Circular RNAs

    Directory of Open Access Journals (Sweden)

    Yang Zhang

    2016-04-01

    Full Text Available Steady-state circular RNAs (circRNAs have been mapped to thousands of genomic loci in mammals. We studied circRNA processing using metabolic tagging of nascent RNAs with 4-thiouridine (4sU. Strikingly, the efficiency of circRNA processing from pre-mRNA is extremely low endogenously. Additional studies revealed that back-splicing outcomes correlate with fast RNA Polymerase II elongation rate and are tightly controlled by cis-elements in vivo. Additionally, prolonged 4sU labeling in cells shows that circRNAs are largely processed post-transcriptionally and that circRNAs are stable. Circular RNAs that are abundant at a steady-state level tend to accumulate. This is particularly true in cells, such as neurons, that have slow division rates. This study uncovers features of circRNA biogenesis by investigating the link between nascent circRNA processing and transcription.

  6. Credit risk in liberalised power and natural gas markets

    International Nuclear Information System (INIS)

    Lapson, E.; Hunter, Richard

    1999-01-01

    This chapter examines the relationship of market structure and price volatility to credit risk, and discusses credit risk and energy market structures, credit risk in bilateral contracts, market evolution, and the effect of liberalising power markets on credit quality considering the power liberalising in Europe, the pace of change, and the new risks and opportunities. The market structure in Europe is addressed, and the EU Directive 96/92/EC, structural requirements, access for new generation capacity, and transmission costs are considered. Details of the liberalisation in the UK electricity market, the German market, and the Nord Pool are given, and the best credit practices in bilateral markets, and the quantifying of expected credit loss are described. Panels highlighting the need to know your counterparty in evaluating and negotiating bilateral contracts, and lessons learnt from the June 1998 US power price spike are presented

  7. The relationship between the political authorities and the commercial actors in the European natural gas market

    International Nuclear Information System (INIS)

    Mjelde, Jarle Christian

    1998-01-01

    In summarizing the reasons for the fall of the Roman empire one has found about 210 significant ones. Without too much comparison the Roman empire and the EU natural gas market have similarities in connections between political authorities and the commercial actors in the European natural gas market. The area has consisted of several independent markets with different solutions that from 1988 has been tried integrated in an inner energy market. Several governmental and private actors have interest in this sector and both inhabitants and businesses are affected by alterations in a national natural gas market. This process is not yet finished. The thesis gives a broad description of the topic by including as many as possible of the EU member states. The topic is large and complex and the author has had to make a choice which parts to emphasize. There are chapters on the theoretical basis, the natural gas industry, what factors may explain the relationship between the political authorities and the commercial actors in the national natural gas market in each EU member and how does the EU Commission goals regarding free competition in the energy market affect the relationship between the political authorities and commercial actors in the national natural gas market

  8. Visibility graph network analysis of natural gas price: The case of North American market

    Science.gov (United States)

    Sun, Mei; Wang, Yaqi; Gao, Cuixia

    2016-11-01

    Fluctuations in prices of natural gas significantly affect global economy. Therefore, the research on the characteristics of natural gas price fluctuations, turning points and its influencing cycle on the subsequent price series is of great significance. Global natural gas trade concentrates on three regional markets: the North American market, the European market and the Asia-Pacific market, with North America having the most developed natural gas financial market. In addition, perfect legal supervision and coordinated regulations make the North American market more open and more competitive. This paper focuses on the North American natural gas market specifically. The Henry Hub natural gas spot price time series is converted to a visibility graph network which provides a new direction for macro analysis of time series, and several indicators are investigated: degree and degree distribution, the average shortest path length and community structure. The internal mechanisms underlying price fluctuations are explored through the indicators. The results show that the natural gas prices visibility graph network (NGP-VGN) is of small-world and scale-free properties simultaneously. After random rearrangement of original price time series, the degree distribution of network becomes exponential distribution, different from the original ones. This means that, the original price time series is of long-range negative correlation fractal characteristic. In addition, nodes with large degree correspond to significant geopolitical or economic events. Communities correspond to time cycles in visibility graph network. The cycles of time series and the impact scope of hubs can be found by community structure partition.

  9. Adipose Tissue Dysfunction in Nascent Metabolic Syndrome

    Directory of Open Access Journals (Sweden)

    Andrew A. Bremer

    2013-01-01

    Full Text Available The metabolic syndrome (MetS confers an increased risk for both type 2 diabetes mellitus (T2DM and cardiovascular disease (CVD. Moreover, studies on adipose tissue biology in nascent MetS uncomplicated by T2DM and/or CVD are scanty. Recently, we demonstrated that adipose tissue dysregulation and aberrant adipokine secretion contribute towards the syndrome’s low-grade chronic proinflammatory state and insulin resistance. Specifically, we have made the novel observation that subcutaneous adipose tissue (SAT in subjects with nascent MetS has increased macrophage recruitment with cardinal crown-like structures. We have also shown that subjects with nascent MetS have increased the levels of SAT-secreted adipokines (IL-1, IL-6, IL-8, leptin, RBP-4, CRP, SAA, PAI-1, MCP-1, and chemerin and plasma adipokines (IL-1, IL-6, leptin, RBP-4, CRP, SAA, and chemerin, as well as decreased levels of plasma adiponectin and both plasma and SAT omentin-1. The majority of these abnormalities persisted following correction for increased adiposity. Our data, as well as data from other investigators, thus, highlight the importance of subcutaneous adipose tissue dysfunction in subjects with MetS and its contribution to the proinflammatory state and insulin resistance. This adipokine profile may contribute to increased insulin resistance and low-grade inflammation, promoting the increased risk of T2DM and CVD.

  10. Golden age: marketers extract the most from oil and natural gas trade

    Energy Technology Data Exchange (ETDEWEB)

    Lorenz, A.

    2000-04-01

    The complexity of the oil and natural gas markets, the complex factors which interact to produce the price of oil or natural gas on any given day, and the role of marketers in this high stakes game are discussed. While oil and natural gas prices are very good today compared to the low prices through much of the 1990s, marketers are now concerned about the ability of Canadian fields to produce enough to fill the expanded pipelines and meet the rising demand. As the oil and natural gas industry in Canada is moving from a pipeline-constrained environment to a resource-constrained environment, the question of declining reserves in the Western Canadian Sedimentary Basin and the resulting surplus in pipeline capacity is one of the most serious issues facing industry in the immediate future. This is especially true of natural gas where the cost of transportation, which can be as high as 30 per cent, is one of major importance to gas marketers. Locking in prices or allowing prices to float can make the difference between huge losses or gains depending on the interplay of the various factor that influence price fluctuations. Examples of how decisions about oil and gas prices are made, and the various outcomes that may result from marketer decisions are described to illustrate the vagaries of the natural gas market.

  11. Regional Cooperation Towards Trans-country Natural Gas Market

    DEFF Research Database (Denmark)

    Shukla, P.R.; Dhar, Subash

    2009-01-01

    India began gas imports since 2004 through liquified natural gas (LNG) route. Imports through trans-country gas pipelines could help in bringing gas directly into the densely populated Northern part of India, which are far from domestic gas resources as well as coastal LNG terminals. The purpose...... of this paper is to report scenarios, which quantify the impacts for India of regional cooperation to materialize trans-country pipelines. The analysis covers time period from 2005 to 2030....

  12. A Dynamic Model of the Combined Electricity and Natural Gas Markets

    DEFF Research Database (Denmark)

    Jenkins, Sandra; Annaswamy, Anuradha M.; Hansen, Jacob

    2015-01-01

    With the shale gas revolution, coal retirements, environmental regulations, and increasing renewable energy resources, the interdependency of natural gas and electricity has grown significantly. Interdependency challenges, such as mismatched market schedules and disparate market operations, require...... quantitative modeling in order to garner insights into the effectiveness of various solutions. In this paper, a quantitative model with a dynamic market mechanism is proposed to evaluate the effects of the fuel uncertainty of natural gas-fired power plants on Social Welfare. The results of the model show...

  13. Exploiting Flexibility in Coupled Electricity and Natural Gas Markets: A Price-Based Approach

    DEFF Research Database (Denmark)

    Ordoudis, Christos; Delikaraoglou, Stefanos; Pinson, Pierre

    2017-01-01

    Natural gas-fired power plants (NGFPPs) are considered a highly flexible component of the energy system and can facilitate the large-scale integration of intermittent renewable generation. Therefore, it is necessary to improve the coordination between electric power and natural gas systems....... Considering a market-based coupling of these systems, we introduce a decision support tool that increases market efficiency in the current setup where day-ahead and balancing markets are cleared sequentially. The proposed approach relies on the optimal adjustment of natural gas price to modify the scheduling...

  14. Liberalization and enlargement: impacts on the industrial organisation of natural gas markets in Eastern Europe

    International Nuclear Information System (INIS)

    Pirovska, M.

    2004-01-01

    In 2004, the EU has opened its commercial natural gas industry to competition, while eight former socialist countries have become member states. This ongoing institutional evolution is expected to have a great impact on the industrial organisation of the East European natural gas markets. Specificities and rigidities of the transport networks, as well as strong import dependency may in fact weaken the security of supply and confirm that natural gas is strongly affected by geopolitical constraints. By levering on an analysis of structure and strategies across natural gas markets in Eastern Europe, this dissertation explores the stakes of integration and liberalization on the industrial organisation of European natural gas and reveals the risk of an emerging oligopoly, and the cooperation between dominant players. Our main contention is that this evolution could possibly hinder network interconnection thereby thwarting the achievement of an integrated and single competitive natural gas market in the Union. (author)

  15. Multi-period natural gas market modeling Applications, stochastic extensions and solution approaches

    Science.gov (United States)

    Egging, Rudolf Gerardus

    This dissertation develops deterministic and stochastic multi-period mixed complementarity problems (MCP) for the global natural gas market, as well as solution approaches for large-scale stochastic MCP. The deterministic model is unique in the combination of the level of detail of the actors in the natural gas markets and the transport options, the detailed regional and global coverage, the multi-period approach with endogenous capacity expansions for transportation and storage infrastructure, the seasonal variation in demand and the representation of market power according to Nash-Cournot theory. The model is applied to several scenarios for the natural gas market that cover the formation of a cartel by the members of the Gas Exporting Countries Forum, a low availability of unconventional gas in the United States, and cost reductions in long-distance gas transportation. 1 The results provide insights in how different regions are affected by various developments, in terms of production, consumption, traded volumes, prices and profits of market participants. The stochastic MCP is developed and applied to a global natural gas market problem with four scenarios for a time horizon until 2050 with nineteen regions and containing 78,768 variables. The scenarios vary in the possibility of a gas market cartel formation and varying depletion rates of gas reserves in the major gas importing regions. Outcomes for hedging decisions of market participants show some significant shifts in the timing and location of infrastructure investments, thereby affecting local market situations. A first application of Benders decomposition (BD) is presented to solve a large-scale stochastic MCP for the global gas market with many hundreds of first-stage capacity expansion variables and market players exerting various levels of market power. The largest problem solved successfully using BD contained 47,373 variables of which 763 first-stage variables, however using BD did not result in

  16. Multi-Period Natural Gas Market Modeling. Applications, Stochastic Extensions and Solution Approaches

    International Nuclear Information System (INIS)

    Egging, R.G.

    2010-11-01

    This dissertation develops deterministic and stochastic multi-period mixed complementarity problems (MCP) for the global natural gas market, as well as solution approaches for large-scale stochastic MCP. The deterministic model is unique in the combination of the level of detail of the actors in the natural gas markets and the transport options, the detailed regional and global coverage, the multi-period approach with endogenous capacity expansions for transportation and storage infrastructure, the seasonal variation in demand and the representation of market power according to Nash-Cournot theory. The model is applied to several scenarios for the natural gas market that cover the formation of a cartel by the members of the Gas Exporting Countries Forum, a low availability of unconventional gas in the United States, and cost reductions in long-distance gas transportation. The results provide insights in how different regions are affected by various developments, in terms of production, consumption, traded volumes, prices and profits of market participants. The stochastic MCP is developed and applied to a global natural gas market problem with four scenarios for a time horizon until 2050 with nineteen regions and containing 78,768 variables. The scenarios vary in the possibility of a gas market cartel formation and varying depletion rates of gas reserves in the major gas importing regions. Outcomes for hedging decisions of market participants show some significant shifts in the timing and location of infrastructure investments, thereby affecting local market situations. A first application of Benders decomposition (BD) is presented to solve a large-scale stochastic MCP for the global gas market with many hundreds of first-stage capacity expansion variables and market players exerting various levels of market power. The largest problem solved successfully using BD contained 47,373 variables of which 763 first-stage variables, however using BD did not result in

  17. Observatory of electricity and gas markets, data from the 3. quarter 2004 to the 1. quarter 2013

    International Nuclear Information System (INIS)

    2013-04-01

    This document gathers those published for each quarter since the 3. quarter 2004 and until the 1. quarter 2013. Each of them proposes and comments figures and tables of data regarding the electricity retail market (customer segments, evolution, price on the retail market), the electricity gross market (French market activity and European comparison, prices on the French market and European comparison, import and export volumes, market evolution), the gas retail market (customer segments, evolution, switch rate of providers, price, bill evolution...) and the gas gross market (price formation in France and in Europe, gross market activity in France, highlights)

  18. Essays on the economics of energy markets. Security of supply and greenhouse gas abatement

    International Nuclear Information System (INIS)

    Dieckhoener, Caroline

    2013-01-01

    In summary, the presented thesis analyzes two distinct economic subjects: security of supply in natural gas markets and greenhouse gas abatement potentials in the residential heating market. These subjects considered both reflect key points in the triangle of energy policy and are both associated with transnational market failures within energy markets. The security of supply analyses in an intermeshed network are approached from a rather normative, top-down perspective of a social planner. On the contrary, the analyses of greenhouse gases emitted by households are positive analyses of consumer choices. The normative analyses of security of supply in natural gas markets and the positive analyses on greenhouse gas abatement in the residential heating market are organized in two parts of the thesis. 1. Normative analyses - Security of supply in natural gas markets: The two papers of the first part of the dissertation thesis are based on a normative approach with the European natural gas market and infrastructure model TIGER that allows for security of supply analyses. The general idea behind the modeling approach is based on the assumption of a social planner and finds an efficient utilization of the natural gas infrastructure. More precisely, the security of supply analyses conducted in the first part of the thesis refer to scenario simulations of disrupted supply routes in the European natural gas network. The effects of these security of supply scenarios on the usage of other infrastructure components, on marginal supply costs and disruptions to consumers are investigated. 2. Positive analyses of greenhouse gas abatement potentials - Econometric modeling of consumer choices and evaluation of public policies: The second part of the thesis includes two positive analyses which investigate household choices to derive greenhouse gas abatement potentials. In the residential heating market, the energy efficiency level exhibited and the type of energy carrier used are

  19. Essays on the economics of energy markets. Security of supply and greenhouse gas abatement

    Energy Technology Data Exchange (ETDEWEB)

    Dieckhoener, Caroline

    2013-02-01

    In summary, the presented thesis analyzes two distinct economic subjects: security of supply in natural gas markets and greenhouse gas abatement potentials in the residential heating market. These subjects considered both reflect key points in the triangle of energy policy and are both associated with transnational market failures within energy markets. The security of supply analyses in an intermeshed network are approached from a rather normative, top-down perspective of a social planner. On the contrary, the analyses of greenhouse gases emitted by households are positive analyses of consumer choices. The normative analyses of security of supply in natural gas markets and the positive analyses on greenhouse gas abatement in the residential heating market are organized in two parts of the thesis. 1. Normative analyses - Security of supply in natural gas markets: The two papers of the first part of the dissertation thesis are based on a normative approach with the European natural gas market and infrastructure model TIGER that allows for security of supply analyses. The general idea behind the modeling approach is based on the assumption of a social planner and finds an efficient utilization of the natural gas infrastructure. More precisely, the security of supply analyses conducted in the first part of the thesis refer to scenario simulations of disrupted supply routes in the European natural gas network. The effects of these security of supply scenarios on the usage of other infrastructure components, on marginal supply costs and disruptions to consumers are investigated. 2. Positive analyses of greenhouse gas abatement potentials - Econometric modeling of consumer choices and evaluation of public policies: The second part of the thesis includes two positive analyses which investigate household choices to derive greenhouse gas abatement potentials. In the residential heating market, the energy efficiency level exhibited and the type of energy carrier used are

  20. Analysis of Specific Features of the Ukrainian Market of Natural Gas Production and Consumption

    Directory of Open Access Journals (Sweden)

    Lelyuk Oleksiy V.

    2013-11-01

    Full Text Available The article provides results of the study of specific features of the Ukrainian market of natural gas production and consumption. It analyses dynamics of the specific weight of Ukraine in general volumes of natural gas consumption in the world, dynamics of natural gas consumption in Ukraine during 1990 – 2012 and dependence of natural gas consumption on GDP volumes by the purchasing power parity. It studies the structure of natural gas consumption by regions in 2012 and sectors of economy, resource base of natural gas in Ukraine and also dynamics of established resources of natural gas in Ukraine and dynamics of natural gas production. It analyses base rates of growth of natural gas resources and production in Ukraine. It considers dynamics of import of natural gas into Ukraine and its import prices and also the structure of natural gas import. It identifies the balance of the natural gas market in Ukraine. On the basis of the conducted analysis the article proves that Ukraine is a gas-deficit country of the world, which depends on natural gas import supplies.

  1. Application of natural gas in market gardening. Erdgasanwendung im Erwerbsgartenbau

    Energy Technology Data Exchange (ETDEWEB)

    Corsten, H.D. (Ruhrgas AG, Essen (Germany))

    In the last years, natural gas has become an important energy source in underglaze horticulture of the Federal Republic of Germany. Special techniques for application such as CO{sub 2}-concentration from waste gases of gas boilers and the application of CO{sub 2} - common also for the heating of vegetable cultures can be realized technically and economically advantageous with natural gas. New technologies such as cogeneration plants with gas engine for plant lighting are technically perfected in the meantime. As a whole, the application of natural gas facilitates a good efficiency and thus, a very good utilization of fuel. (orig./BWI).

  2. Towards a competitive european market of the natural gas: uncertainties and tariff choices

    International Nuclear Information System (INIS)

    2001-04-01

    This document reveals that, by reason of external supply and contract pregnancy, the gas market deregulation will not present the same effects as for the electricity market. The first part deals with the competition in Europe in the natural gas sector (prices policy, transportation prices, administrative procedures). The second part deals with the tariffing in France and the access to the LNG networks and installations. (A.L.B.)

  3. Gas

    International Nuclear Information System (INIS)

    1996-01-01

    The French government has decided to modify the conditions of extension of local natural gas authorities to neighbouring districts. The European Union is studying the conditions of internal gas market with the objective of more open markets although considering public service requirements

  4. Bi-directional causality in California's electricity and natural-gas markets

    International Nuclear Information System (INIS)

    Woo, Chi-Keung; Olson, Arne; Horowitz, Ira; Luk, Stephen

    2006-01-01

    The Granger instantaneous-causality test is applied to explore the potential causal relationships between wholesale electricity and natural-gas prices in California. The test shows these relationships to be bi-directional, and reveals California's electricity and natural-gas markets to be as inextricably intertwined as casual observation and theoretical considerations would suggest they ought to be. This meshing of markets exacerbated the effects of California's natural-gas crisis on the contemporaneous electricity crisis, while concurrently the electricity crisis may have contributed to the dysfunction in the national-gas market and helped to precipitate the natural-gas crisis. The finding supports an integrated approach, as opposed to a piecemeal approach, for formulating energy policy recommendations, not just in California but in the world at large

  5. Deliverability and regional pricing in U.S. natural gas markets

    International Nuclear Information System (INIS)

    Brown, Stephen P.A.; Yuecel, Mine K.

    2008-01-01

    During the 1980s and early 90s, interstate natural gas markets in the United States made a transition away from the regulation that characterized the previous three decades. With abundant supplies and plentiful pipeline capacity, a new order emerged in which freer markets and arbitrage closely linked natural gas price movements throughout the country. After the mid-1990s, however, U.S. natural gas markets tightened and some pipelines were pushed to capacity. We look for the pricing effects of limited arbitrage through causality testing between prices at nodes on the U.S. natural gas transportation system and interchange prices at regional nodes on North American electricity grids. Our tests do reveal limited arbitrage, which is indicative of bottlenecks in the U.S. natural gas pipeline system. (author)

  6. Prospective of the market of Petroleum liquefied gas 2002-2011

    International Nuclear Information System (INIS)

    2002-01-01

    The petroleum liquefied gas regulation (PLGR) establishes in it 8 Th Article that the Secretaria de Energia will draw up annually a prospective document about the Mexican market behavior of PL gas where its can be describing and analysing the necessities of the country in relation with this industry for an horizon of 10 years. Subjects such as: the panorama about the situation and perspectives of the international market of PL gas as well as the information at regional level of this fuel for 1990-2015 are treated. The main laws, regulations and arrangements of this industry, the evolution of the internal market of PL gas of 1995-2001 including prices which have been presented during this period, the expected evolution of the supply and demand of PL gas and the opportunities which exist in the industry in savings and efficient use of energy matter are presented. (Author)

  7. The functioning of the electricity, CO2 and natural gas wholesale markets in 2011-2012

    International Nuclear Information System (INIS)

    2012-11-01

    The Commission for Energy Regulation (CRE) monitors electricity and natural gas transactions carried out between suppliers, traders and producers, transactions carried out on the organised markets as well as cross-border trades. CRE's mission of monitoring wholesale markets aims to ensure that wholesale market energy prices are consistent with the technical and economic fundamentals of these markets. In particular, CRE strives to verify that no market power is exercised in such a way that a participant abuses its situation to attain abnormal prices, notably with regard to its costs. This task is now also in line with the Regulation on Energy Market Integrity and Transparency known as REMIT. This fifth surveillance report of the CRE presents and analyses the developments of wholesale markets in France in 2011 and the first semester of 2012 for electricity, gas and CO 2 . It also details the investigations carried out in relation to the behaviour of stakeholders or in case of particular market events. On the electricity market, the average spot price increased slightly and was established at euro 49/MWh (base-load), i.e. an increase of 3% compared with 2010; the price of the Calendar 2013 product increased following the German moratorium on nuclear energy before gradually decreasing over the second half of the year. The announcement of the moratorium also resulted in a price differential reversal with Germany (German prices becoming more expensive) until February 2012. Volumes traded also remained stable despite a drop in trade on the futures market. On the gas market, the LNG offer in Europe and France clearly fell on account of trade-offs with the Asian market where demand greatly increased following the accident of Fukushima, with gas replacing nuclear in electricity generation. Gas prices rose on average but remained more stable than in 2010 both on spot markets and futures markets. They progressed, however, at a lower rate than oil products on which long

  8. Acceleration of the development of TTF and the wholesale market for natural gas

    International Nuclear Information System (INIS)

    2007-09-01

    This report provides the vision of the NMa/DTe (The Netherlands Competition Authority/The Office of Energy Regulation) on the question how the operations of the virtual gas marketplace TTF (Title Transfer Facility) and the wholesale market for gas can be improved at a higher pace and in such a way that the security of supply and the competition on the national gas market can be improved, with the Netherlands positioning themselves as the gas roundabout. Accelerating the development of the TTF and the gas wholesale market operations in general is necessary and feasible. By removing barriers in (detail) regulation and changing the manner of doing business on the low-calorific market structural progression can be achieved in the short term. In the medium and long term investments and the process of internationalization offer solutions. This way, the efforts of the market parties, GTS (Gas Transport Services) and the government enhance the security of supply and the market operations. [mk] [nl

  9. Electricity, Natural Gas and CO2 markets Observatory - 3. Quarter of 2013

    International Nuclear Information System (INIS)

    2013-09-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  10. Electricity, Natural Gas and CO2 markets Observatory - 2. Quarter 2014

    International Nuclear Information System (INIS)

    2014-06-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  11. The importance of Norway in the oil and natural gas markets

    International Nuclear Information System (INIS)

    Noreng, Oeystein

    2006-01-01

    The article presents an analysis of the global energy markets with emphasis on the Northern areas and the importance of Norway. The energy supplies and prices, the OPEC role, the role of Norway and Russia in the natural gas markets and energy policies are discussed. Various risk aspects particularly for Norway are mentioned. (tk)

  12. Electricity, Natural Gas and CO2 markets Observatory - 4. Quarter of 2013

    International Nuclear Information System (INIS)

    2013-12-01

    The purpose of the Observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This Observatory is updated every three months and data are available on CRE web site (www.cre.fr)

  13. The Global Oil and Gas Industry: the Market. Market Analysis - 2017-2020 Trends - Corporate Strategies

    International Nuclear Information System (INIS)

    2017-07-01

    This study presents: The medium-term and mega trends of the industry market developments and geographical segments; The competitive landscape and the main corporate rankings; The main conclusions of the report, summarised in 10 analytical slides. Content: 1. Market Fundamentals: Overview The Industry; 2. Market Environment and Prospects: Market Overview, Supply, Demand, Prices, Trade; 3. Corporate Strategies and Competition: Competitive Environment, Leaders' Recent Performances, Corporate Strategies; 4. Case Studies; 5. Statistical Appendix; 6. Sources; 7. Annexes

  14. The European Power and Gas Industry: the Market. Market Analysis - 2017-2020 Trends - Corporate Strategies

    International Nuclear Information System (INIS)

    2017-09-01

    This study presents: The medium-term and mega trends of the industry market developments and geographical segments; The competitive landscape and the main corporate rankings; The main conclusions of the report, summarised in 10 analytical slides. Content: 1. Market Fundamentals: Overview, The Industry; 2. Market Environment and Prospects: Market Environment, Demand and Supply, Prices, Trade; 3. Corporate Strategies and Competition: Competitive Environment, Structure of Competition, Business Strategies; 4. Case Studies; 5. Statistical Appendix; 6. Sources; 7. Annexes

  15. Development of Shale Gas Supply Chain Network under Market Uncertainties

    Directory of Open Access Journals (Sweden)

    Jorge Chebeir

    2017-02-01

    Full Text Available The increasing demand of energy has turned the shale gas and shale oil into one of the most promising sources of energy in the United States. In this article, a model is proposed to address the long-term planning problem of the shale gas supply chain under uncertain conditions. A two-stage stochastic programming model is proposed to describe and optimize the shale gas supply chain network. Inherent uncertainty in final products’ prices, such as natural gas and natural gas liquids (NGL, is treated through the utilization of a scenario-based method. A binomial option pricing model is utilized to approximate the stochastic process through the generation of scenario trees. The aim of the proposed model is to generate an appropriate and realistic supply chain network configuration as well as scheduling of different operations throughout the planning horizon of a shale gas development project.

  16. Evolution of the European gas market on the long term. Organisation and price

    International Nuclear Information System (INIS)

    Ouvry, V.

    1998-01-01

    The objective of this work is to shed light upon the future organization of the European gas market with an emphasis on price matters. There are nowadays few producers of gas on the market, most of whom hold long-term contracts with gas companies. Gas pricing is based on the net-back principle. The actual debate on liberalization of the gas market and the growing pressure from industrial customers to obtain lower prices addresses the problem of the future organisation of the market and the potential impact of the introduction of third party access. We first analyse the main actors of the gas market, their strategy and the actual market organization market. Two different logics are considered hereunder: a market approach: the competition theory provides efficient tools to analyse the evolution of competition depending on numerous factors. It appears that the strategy of all actors and particularly of producers will be the main determinant of the future competition. The oligopoly theory includes oligopolistic behaviours modelizations. The application of the Cournot's model leads to prices ranging from 1,6 to 3,7 $/MBtu; a contractual approach: today, gas is essentially exchanged through long term contracts, which allow for long-term management of investments and supply security. Two operators negotiate the price, which ultimately mirrors their respective leverage. The transaction cost theory clearly shows the necessity of including transaction costs, especially when optimizing the duration of the contract. The gas prices escalation is nowadays partially obsolete and unadapted to customer needs. Escalation on coal, electricity price or inflation should soon be considered. The theories of negotiation highlight the importance of the operators' marketing power during gas price fixation Applying Nash and Harsanyi-Selten's negotiation models results in a scale of 2,4 to 3,5 $/MBtu of the gas price at the actual supply and demand conditions. Both approaches lead to similar

  17. Natural Gas in China: Market evolution and strategy

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-07-01

    In 2007, Chinas natural gas consumption increased by 23.8% and attained 69.5 billion cubic metres (bcm) (NBS 2008). Thanks to this rapid increase, China became one of the world's top 10 countries in terms of natural gas consumption. Moreover, according to the IEA's World Energy Outlook 2008, China will become the top natural gas consuming country in the Asia-Pacific region, overtaking Japan by 2015.

  18. Market prospective of natural gas 2010-2025; Prospectiva del mercado de gas natural 2010-2025

    Energy Technology Data Exchange (ETDEWEB)

    Diaz Bautista, Alejandro; Doniz Gonzalez, Virginia; Navarrete Barbosa, Juan Ignacio [Secretaria de Energia, Mexico, D.F. (Mexico)

    2010-07-01

    The Ministry of Energy, in compliance to Article 109 of the Natural Gas Regulations, publishes the Prospective natural gas market 2010-2025, which contains the most current information about the historical evolution and growth prospects of the domestic market country's natural gas and its role in the international context. This foresight is attached to the lines of action established in the National Energy Strategy, ratified by Congress in April 2010 in regard to strengthening the transportation infrastructure of natural gas, in order to ensure the supply of this fuel, therefore remains congruence with the instruments of power sector planning. The first one concerns the international panorama of natural gas in the different producing and consuming regions around the world. Chapter two provides a current perspective of those actions in the sector within the regulatory framework for natural gas in Mexico. The third chapter details the issues that occurred in the natural gas market during the period 1999-2009 and the fourth chapter discusses the expected evolution of demand and domestic supply of natural gas by 2025. [Spanish] La Secretaria de Energia, en el cumplimiento al Articulo 109 del Reglamento de Gas Natural, publica la Prospectiva del mercado de gas natural 2010-2025, la cual contiene la informacion mas actualizada acerca de la evolucion historica y las expectativas de crecimiento del mercado interno de gas natural del pais y su papel en el contexto internacional. Esta Prospectiva se apega a las lineas de accion establecidas en la Estrategia Nacional de Energia, ratificada por el Congreso en abril de 2010, en lo relativo a fortalecer la infraestructura de transporte de gas natural, con el fin de asegurar el suministro de este combustible, por lo cual se mantiene congruencia con los instrumentos de planeacion del sector energetico. La Prospectiva esta integrada por cuatro capitulos. El primero se refiere al panorama internacional del gas natural en las

  19. The role of reserves and production in the market capitalization of oil and gas companies

    International Nuclear Information System (INIS)

    Ewing, Bradley T.; Thompson, Mark A.

    2016-01-01

    We examine the role proved reserves and production play in the market capitalization of publicly traded oil and gas companies engaged in the exploration and production of hydrocarbons. The paper provides two important contributions to the literature. First, we extend the existing research by utilizing the method of Robust Least Squares to estimate a multivariate market capitalization model that controls for firm type. Second, we document the impacts that oil and gas reserves to production ratios have on market capitalization. This is a key finding in the context of discounted net cash flow models and the findings suggest there is an optimal tradeoff between current and future production, given current volumes of reserves, the latter of which is valued positively by the market. Moreover, this optimal tradeoff or the optimal profit-maximizing intertemporal production choice is unique to the type of hydrocarbon being considered. Additionally, our findings highlight the importance of capital structure in the heavily capital intensive oil and gas industry. The results from this research should benefit both oil and gas companies and investors. Specifically, the results provide new and robust information as to the empirical relationships between key determinants of oil and gas company market valuations. - Highlights: • We utilized Robust Least Squares to estimate a multivariate market capitalization model. • There is a differential impact that oil and gas reserves to production ratios have on market capitalization. • The optimal profit-maximizing intertemporal production choice is unique to the type of hydrocarbon being considered. • Results provide new information as to the relationships between key determinants of oil and gas company market valuations.

  20. Market power in the market for greenhouse gas emission permits - the interplay with the fossil fuel markets

    International Nuclear Information System (INIS)

    Hagem, Cathrine; Maestad, Ottar

    2002-01-01

    Implementation of the Kyoto Protocol is likely to leave Russia and other Eastern European countries with market power in the market for emission permits. Ceteris paribus, this will raise the permit price above the competitive permit price. However, Russia is also a large exporter of fossil fuels. A high price on emission permits may lower the producer price on fossil fuels. Thus, if Russia co-ordinates its permit market and fossil fuel market policies, market power will not necessarily lead to a higher permit price. Fossil fuel producers may also exert market power in the permit market, provided they conceive the permit price to be influenced by their production volumes. If higher volumes drive up the permit price Russian fuel producers may become more aggressive relative to their competitors in the fuel markets. If the sale of fuels is co-ordinated with the sale of permits. The result is reversed if high fuel production drives the permit price down. (Author)

  1. Proposition for an act concerning gas markets. Report of a working group

    International Nuclear Information System (INIS)

    1999-01-01

    The working group was commissioned to draft an act through which the directive 98/30/EC of the European Parliament and of the Council concerning common rules for the internal market in natural gas will be implemented in Finland. According to the directive Finland may derogate from the obligation to open its gas networks up to the time when the Finnish gas network will be directly connected to the interconnected system of another Member State or Finland has at least two external suppliers of gas and the market share of either of them will not exceed 75 percent. Finland will take advantage of the possibility of derogating from the directive as long as preconditions mentioned above are valid. As soon as either of the preconditions ceases to be valid, Finland will have to open its gas networks as prescribed in the directive. The working group was further commissioned to present a proposal for arranging the trade in gas between the retailers and the users, i.e. the secondary market for gas. According to the draft act the obligation to offer transmission services concerns those network owners who deliver gas to customers fulfilling certain conditions. The customers concerned would include those who would like to buy or sell gas, originally bought from the Finnish wholesale markets, for their own use or for distribution through their distribution network. Furthermore, it is provided that these customers consume gas more than five million cubic meters a year and that they belong to the long distance metering system of gas. Access to the secondary market would be open to all users and distributors fulfilling the conditions mentioned above. For the implementation of the directive the draft act includes provisions on unbundling and transparency of accounts, the obligations for the network owners to connect to and to develop the network, a network access model and the possibility of denying access to the network through a special application procedure. Furthermore, the draft

  2. Annual survey of the natural gas market: 2010 results; Enquete annuelle sur le marche du gaz naturel: resultats 2010

    Energy Technology Data Exchange (ETDEWEB)

    Welter-Nicol, Cecile

    2011-12-15

    This document presents and briefly comments the main data of the natural gas market in France in 2010: gas production (only 2 pc of supplies), gas transit evolutions since 2007 (entry points receiving gas from various origins and export points to Spain and Switzerland), outlines the increase of imports from Norway, comments gas storage capacities, the evolution of gas distribution in France, the evolution of gas consumption, and gas sales in the different French regions and to different kinds of customers or industries

  3. Development options for the Dutch gas distribution grid in a changing gas market

    NARCIS (Netherlands)

    Weidenaar, Taede; Hoekstra, S.; Wolters, Mannes

    2011-01-01

    The Dutch gas distribution grid faces several changes in the near future. Among others, the share of green gas will grow, the interaction with the electricity distribution grid and local heat grids will increase, and the grid will transform from a mono-gas system to a multi-gas system. The gas

  4. Electricity and natural gas retail markets - Observatory 1. Quarter 2017 (Figures as at 31/03/2017)

    International Nuclear Information System (INIS)

    2017-01-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  5. Electricity and natural gas retail markets - Observatory 3. Quarter 2017 (Figures as at 30/09/2017)

    International Nuclear Information System (INIS)

    2017-01-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  6. Electricity and natural gas retail markets - Observatory 3. Quarter 2016 (Figures as at 30/09/2016)

    International Nuclear Information System (INIS)

    2016-01-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  7. Electricity and natural gas retail markets - Observatory 4. Quarter 2016 (Figures as at 31/12/2016)

    International Nuclear Information System (INIS)

    2016-01-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  8. Electricity and natural gas retail markets - Observatory 2. Quarter 2016 (Figures as at 30/06/2016)

    International Nuclear Information System (INIS)

    2016-01-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  9. Electricity and natural gas retail markets - Observatory 2. Quarter 2017 (Figures as at 30/06/2017)

    International Nuclear Information System (INIS)

    2017-01-01

    The retail markets Observatory aims to provide general monitoring indicators of electricity and natural gas retail markets in France. This Observatory is updated on a Quarterly basis and published on CRE's web site (www.cre.fr). The first part of the report summarises the highlights of the electricity market (situation, market shares, suppliers, sales, dynamic analysis, regulated prices). The natural gas market is detailed in the second part

  10. Prospective of the Natural Gas marketing 2002-2011; Prospectiva del Mercado de Gas Natural 2002-2011

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2002-07-01

    According with the 109 Th Article of the Natural Gas Regulations the Secretaria de Energia publishes this prospective of the Natural gas market 2002-2011 which describes and analyses the necessities of Mexico in relation with this industry in the mentioned period. Here aspects such as: the present and future international panorama of the natural gas market, international prices, the world demand with base in the Department of Energy (DOE) turnover of the United States, Advances of the in force regulatory framework, Sales, the National Gas pipeline system, Evolution of the National market, Demand at regional and sectoral scales, Supply analysis, Programs and projects of energy savings, natural gas balance with the high demand scene, the methodology of the Instituto Mexicano del Petroleo for calculating the self-generation demand of the electric energy by sector, a glossary with the more used terms, conversion factors and abbreviations and acronyms used in the document are treated. In the next ten years, the national demand of natural gas will suffer an annual average growth of 7.4% passing from 4358 millions of daily cubic feet (mm pcd) in 2001 to 8883 mm pcd in 2011. (Author)

  11. Positions and synthesis of the seminar on the market of the natural gas

    International Nuclear Information System (INIS)

    Vasquez R, Raul

    1996-01-01

    In development of this event, the political, juridical, economic, environmental and social elements were analyzed that affect the formation of the national market, equally, the stimuli were discussed for the participation of the private sector, the decisive action promoter that has completed the state, to constitute enough reserves of natural gas, to build the infrastructure and to impel the formation of the market, as well as their perspectives and the possibilities to conform a culture of the use of the natural gas as product of the maturity of the market; the author also refers to the politicians of the national plan of development and the energy planning

  12. Electric power and gas markets; Marches de l'electricite et du gaz

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-07-01

    These two days organized by EFE in Paris, dealt with the european market of the gas and the electrical power. The first day developed the actual situation and the tendencies. The french market deregulation, the possibility of a united market and the energy transportation sector are discussed. The second day dealt with the new commercial technologies, the convergence of Gas and Electricity and the competing in a change world, the opportunities of the NTIC (new technologies of the information and communication). (A.L.B.)

  13. The oil and gas equipment and services market in Bolivia

    International Nuclear Information System (INIS)

    2003-01-01

    The economy of Bolivia is based mainly on agriculture and resource extraction, making Bolivia one of the poorest countries in Latin America. Approximately 14 per cent of exports are hydrocarbons. Starting in 1996, the oil and gas sector was privatised, resulting in the domination of multinational corporations. It is estimated that the natural gas reserves of Bolivia stand in excess of 2.2 trillion cubic metres. Equipment, materials, and services used in all stages of the oil and gas production and distribution chain are all in demand in Bolivia. Over the medium term, it is expected that pipelines and equipment required for gas-fired power plants represent the most important opportunity in the country. Incentives for vehicle and industrial conversion were included in the new domestic energy plan, as well as the extension of the domestic gas distribution system to 250,000 homes. Canadian geomatics capability could fill the requirements concerning the Bolivian oil and gas assets still in the exploration, development, and documentation stages. Companies with exploration and development contracts, companies producing from commercial fields, refinery operators, producers in the liquid propane gas and compressed natural gas sub-sector, as well as pipeline operators are all considered key players, in addition to the Bolivian Chamber of Hydrocarbons. The customers are sophisticated buyers who purchase based on technical specifications and price negotiations. There are no significant non-tariff barriers, and Bolivia has adopted liberal trade policies. 9 refs., 3 tabs

  14. Fuel switching? Demand destruction? Gas market responses to price spikes

    International Nuclear Information System (INIS)

    Lippe, D.

    2004-01-01

    This presentation defined fuel switching and addressed the issue regarding which consumers have the capability to switch fuels. In response to short term price aberrations, consumers with fuel switching capabilities reduce their use of one fuel and increase consumption of an alternative fuel. For example, natural gas consumption by some consumers declines in response to price spikes relative to prices of alternative fuels. This presentation also addressed the issue of differentiating between fuel switching and demand destruction. It also demonstrated how to compare gas prices versus alternative fuel prices and how to determine when consumers will likely switch fuels. Price spikes have implications for long term trends in natural gas demand, supply/demand balances and prices. The power generating sector represents a particular class of gas consumers that reduce operating rates of gas fired plants and increase operating rates of other plants. Some gas consumers even shut down plants until gas prices declines and relative economies improve. Some practical considerations for fuel switching include storage tank capacity, domestic refinery production, winter heating season, and decline in working gas storage. tabs., figs

  15. Natural gas domestic market development for total elimination of routine flares in Nigeria's upstream petroleum operations

    International Nuclear Information System (INIS)

    Sonibare, J.A.; Akeredolu, F.A.

    2006-01-01

    Several research findings confirmed that gaseous emissions and thermal radiation emanate from flaring activities during separation of oil from gas in the petroleum upstream operations. This, coupled with identified degradation potential of flares, makes flaring of about 71 million m 3 /day of associated gas a great concern. In this paper, several efforts hitherto made by government and organized private sectors at monetizing associated natural gas being flared on daily basis in Nigeria were reviewed. Domestic market development, if adopted, could eliminate routine gas flaring by 2008, meeting a goal set by Nigerian Government. Various scenarios considered showed that relatively minor amounts of natural gas could be consumed domestically for cooking; the balance would be absorbed by thermal electricity generation. It could lead to total consumption of between 92 and 140 million m 3 /day of natural gas in the country, representing a fraction of the domestic energy market

  16. The domestic gas market. V. 2: Memoranda of evidence. Session 1994-95. 1. report

    International Nuclear Information System (INIS)

    1994-11-01

    This document relates to the first report of the House of Commons, Trade and Industry Committee on the domestic gas market in the United Kingdom and contains a listing of the submissions to that committee. The issue being debated is whether or not the domestic gas market, especially for consumers of less than 2500 therms per year, should be opened up to commercial competition, ending British Gas' monopoly in this area. While other suppliers of gas generally support the idea, groups representing disadvantaged consumers such as low-use elderly people and those with disabilities are concerned that rules protecting them, to which British Gas currently conforms, must be extended to other gas suppliers. (UK)

  17. On our own behalf: the journal 'Gas' as a marketing instrument

    International Nuclear Information System (INIS)

    Siegmund, H.

    1995-01-01

    Media characteristics of the journal 'gas': Target groups; sales strategy; editorial concept; qualification as an advertising medium; focal subjects; sponsored subscriptions; brief presentation of other publications about gas. The journal 'gas' has come to play a key role in natural gas marketing. Its concentration on crucial target groups and its unconventional sales strategy also makes the journal an interesting medium for advertisers. The article is complemented by a brief presentation of the more important media facts of other publications dealing with gas. (orig.) [de

  18. Forbearance, Regulation, and Market Power in Natural Gas Storage: The Case of Ontario

    Energy Technology Data Exchange (ETDEWEB)

    Brown, D.; Ware, R.; Wetston, H.

    2007-07-01

    In late 2006 the Ontario Energy Board rendered a landmark decision to forbear from the price regulation of natural gas storage services. This paper examines the key issues and provides some economic analysis of the evidence. The decision followed a proceeding during which evidence was given on whether the market for storage is competitive or is subject to significant market power possessed by dominant and incumbent utility firms in the province. Intervenors in the proceeding were in broad agreement on the use of standard concepts from North American antitrust analysis of merger reviews: identification of the relevant product and geographic markets, analysis of market structure within the relevant market, and assessment of barriers to entry. A critical issue at the hearing was the extent of the geographic market; a broad market encompassing U.S. storage facilities in neighbouring states supports a finding of competition, whereas a narrower geographic market restricted to Ontario makes market power more likely. Since gas storage is only as functional as the pipelines connected to it, evidence was directed at assessing the availability of pipeline capacity in both primary and secondary markets. (auth)

  19. U.S. regulatory and market issues in developing east coast gas

    International Nuclear Information System (INIS)

    Madden, K.P.

    1998-01-01

    Significant market-oriented changes in natural gas regulation were reviewed, and the influence of these changes on the recent boom in the natural gas industry were evaluated. It was noted that the regulators' role in certifying new projects must reflect market-driven priorities. Parallels in the competitive natural gas markets on both sides of the Canadian-U.S. border were explored. It was noted that currently some of the most significant influences in the certification process in the U.S. are environmental and landowner concerns. The growth in landowner concerns was considered healthy, based on the argument that the natural tension between efforts of regulators to minimize environmental impact and granting potentially duplicative project licences can be seen as the instrument that allows the market to decide winners and losers. The current status of pending east coast projects in the U.S. was also reviewed

  20. The development of Middle-East natural gas markets

    International Nuclear Information System (INIS)

    Bahgat, G.

    2001-01-01

    The economic, political and strategic environment under which plans to explore and develop gas fields in the Middle East have been drawn and implemented are reviewed. The topic is of particular importance in view of the fact that the Middle East holds more than one third of the world's proven reserves of natural gas, largely underdeveloped and under utilized as of the beginning of the second millennium. Particular attention is paid to Saudi Arabia, Iran and Israel, where despite serious challenges and political uncertainties, significant developments are underway to develop the region's natural gas potential. 27 refs., 1 tab

  1. Structural problems of the heating oil economy pose a challenge to natural gas marketing

    International Nuclear Information System (INIS)

    Zeller, U.

    1995-01-01

    The Swiss heating market is characterised by hard crowding-out competition. New energy carriers are entering the market while at the same time the demand declines. Natural gas is conquering one field of application after another and since years has steadily been increasing its share of the market. The corresponding loss of territory on the part of heating oil dealers has until now not been so tangible because it was compensated by a phase of growing demand during the past few years. If the current trend continues, then overcapacities in heat distribution and energy supply are to be expected for the future. The market will become especially difficult for heating oil dealers, as their decreasing overall share in the market will no longer be compensated by a growth in market volume, their former crutch for keeping up scales. The fight for market shares is therefore expected to become a great deal harder and have a direct impact on the natural gas economy. Commissioned by the Swiss gas industry, the Research Institute for Trade and Sales of St. Gallen University has made a study of the Swiss heating oil market. (orig.) [de

  2. International market integration for natural gas? A cointegration analysis of prices in Europe, North America and Japan

    International Nuclear Information System (INIS)

    Siliverstovs, Boriss; L'Hegaret, Guillaume; Neumann, Anne; Hirschlausen, Christian von

    2005-01-01

    This paper investigates the degree of integration of natural gas markets in Europe, North America and Japan in the time period between the early 1990s and 2004. The relationship between international gas market prices and their relation to the oil price are explored through principal components analysis and Johansen likelihood-based cointegration procedure. Both of them show a high level of natural gas market integration within Europe, between the European and Japanese markets as well as within the North American market. At the same time the obtained results suggest that the European (respectively, Japanese) and the North American markets were not integrated. (Author)

  3. Price interactions and discovery among natural gas spot markets in North America

    International Nuclear Information System (INIS)

    Park, Haesun; Mjelde, James W.; Bessler, David A.

    2008-01-01

    Recent advances in modeling causal flows with time series analysis are used to study relationships among eight North American natural gas spot market prices. Results indicate that the Canadian and US natural gas market is a single highly integrated market. Further results indicate that price discovery tends to reflect both regions of excess demand and supply. Across North America, Malin Hub in Oregon, Chicago Hub, Illinois, Waha, Texas, and Henry Hub, Louisiana region, are the most important markets for price discovery. Opal Hub in Wyoming is an information sink in contemporaneous time, receiving price information but passing on no price information. AECO Hub in Alberta, Canada, receives price signals from several markets and passes on information to Opal and the Oklahoma region. (author)

  4. Code of Conduct for Gas Marketers : rule made under part 3 of the Ontario Energy Board Act, 1998

    International Nuclear Information System (INIS)

    1999-01-01

    Text of the code of conduct for gas marketers in Ontario is presented. This code sets the minimum standards under which a gas marketer may sell or offer to sell gas to a low-volume consumer, or act as an agent or broker with respect to the sale of gas. The document describes the standards and principles regarding: (1) fair marketing practices, (2) identification, (3) information to be maintained by a gas marketer, (4) confidentiality of consumer information, (5) conditions in offers, (6) contracts, (7) contract renewals, (8) assignment, sale and transfer contracts, (9) independent arms-length consumer complaints resolution process, and (10) penalties for breach of this code

  5. Code of Conduct for Gas Marketers : rule made under part 3 of the Ontario Energy Board Act, 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-03-02

    Text of the code of conduct for gas marketers in Ontario is presented. This code sets the minimum standards under which a gas marketer may sell or offer to sell gas to a low-volume consumer, or act as an agent or broker with respect to the sale of gas. The document describes the standards and principles regarding: (1) fair marketing practices, (2) identification, (3) information to be maintained by a gas marketer, (4) confidentiality of consumer information, (5) conditions in offers, (6) contracts, (7) contract renewals, (8) assignment, sale and transfer contracts, (9) independent arms-length consumer complaints resolution process, and (10) penalties for breach of this code.

  6. Gas reactor international cooperative program: HTR market assessments

    Energy Technology Data Exchange (ETDEWEB)

    Leeth, G.G.; Berkowitz, B.J.

    1979-09-01

    The HTR Multiplex utilizes the HTR as an energy source to produce multiple forms of energy. The multiplex technolog is applicable to the following markets: dispersed industrial heat; peaking and mid-range electricity; ammonia and methanol production with methane feedstock; and production of gaseous and liquid fuels from coal. It is estimated that the first two markets will comprise from 300 GW(+) to 400 GW(+) in the 2000 to 2020 time period (about 8 quads per year). For the dispersed industrial heat, the HTR multiplex has a heat cost about half that of fluidized bed combustors (FBC) operating at a capacity factor of 0.3 and about equal to that of FBC's operating at a capacity factor of 0.9. For the peaking and mid-range electric market, the HTR multiplex can supply electric energy at costs three-fourths that of FBC's operating at a capacity of 0.1 and equal to that of FBC's operating at a capacity factor of 0.3. For the ammonia and methanol markets, the HTR multiplex costs are about equal to coal and somewhat higher than methane with current fuel prices. Application to coal refining is similar to the ammonia and methanol markets. Current economic analyses show approximate equivalence for coal and nuclear heat.

  7. Optimizing the structure of the natural gas market using an agent-based modeling framework

    International Nuclear Information System (INIS)

    Van Benthem, M.

    2010-01-01

    The overall research question guiding this study is as follows: what is the optimal structure of the natural gas market, considering both the degrees of affordability and supply security resulting from this structure? The sub-questions are: How can the concepts of supply security and affordability be usefully defined? (Chapter 2); What should a modeling framework for analyzing the natural gas market with regard to these concepts look like? (Chapters 3 and 4); What general conclusions can be drawn on the basis of this framework? (Chapter 5); What is the effect of liberalization on the Dutch natural gas market? (Chapter 6); What are the possible effects of current trends unfolding in the Dutch natural gas market? (Chapter 7). The framework constructed in this study implicitly contains the necessary elements for deriving a sustainability indicator too. However, to limit the scope of the study, sustainability will not be analyzed explicitly. Chapter 2 provides an introductory description of the natural gas market. Starting from a description of the natural gas value chain, the process of liberalization is described as a change in the organization of the value chain. In addition, the concepts of affordability and supply security are discussed and appropriate quantitative indicators for both objectives are identified. In Chapter 3, a survey of existing gas market models is performed. On the basis of this survey, a classification system for natural gas market models is developed. Furthermore, the characteristics of a modeling framework fit for the purpose of this study are derived. In Chapter 4, a general, quantitative framework for natural gas market modeling is developed on the basis of agent-based computational economics. The model's structure, its dynamics, output and data requirements are described. Furthermore, the properties of each agent are explored, and the possibilities for model verification and validation are outlined. Chapter 5 provides a number of

  8. Economic evaluation and market analysis for natural gas utilization. Topical report

    International Nuclear Information System (INIS)

    Hackworth, J.H.; Koch, R.W.; Rezaiyan, A.J.

    1995-04-01

    During the past decade, the U.S. has experienced a surplus gas supply. Future prospects are brightening because of increased estimates of the potential size of undiscovered gas reserves. At the same time, U.S. oil reserves and production have steadily declined, while oil imports have steadily increased. Reducing volume growth of crude oil imports was a key objective of the Energy Policy Act of 1992. Natural gas could be an important alternative energy source to liquid products derived from crude oil to help meet market demand. The purpose of this study was to (1) analyze three energy markets to determine whether greater use could be made of natural gas or its derivatives and (2) determine whether those products could be provided on an economically competitive basis. The following three markets were targeted for possible increases in gas use: transportation fuels, power generation, and chemical feedstock. Gas-derived products that could potentially compete in these three markets were identified, and the economics of the processes for producing those products were evaluated. The processes considered covered the range from commercial to those in early stages of process development. The analysis also evaluated the use of both high-quality natural gas and lower-quality gases containing CO 2 and N 2 levels above normal pipeline quality standards

  9. Thinking on Sichuan-Chongqing gas pipeline transportation system reform under market-oriented conditions

    Science.gov (United States)

    Duan, Yanzhi

    2017-01-01

    The gas pipeline networks in Sichuan and Chongqing (Sichuan-Chongqing) region have formed a fully-fledged gas pipeline transportation system in China, which supports and promotes the rapid development of gas market in Sichuan-Chongqing region. In the circumstances of further developed market-oriented economy, it is necessary to carry out further the pipeline system reform in the areas of investment/financing system, operation system and pricing system to lay a solid foundation for improving future gas production and marketing capability and adapting itself to the national gas system reform, and to achieve the objectives of multiparty participated pipeline construction, improved pipeline transportation efficiency and fair and rational pipeline transportation prices. In this article, main thinking on reform in the three areas and major deployment are addressed, and corresponding measures on developing shared pipeline economy, providing financial support to pipeline construction, setting up independent regulatory agency to enhance the industrial supervision for gas pipeline transportation, and promoting the construction of regional gas trade market are recommended.

  10. Economic evaluation and market analysis for natural gas utilization. Topical report

    Energy Technology Data Exchange (ETDEWEB)

    Hackworth, J.H.; Koch, R.W.; Rezaiyan, A.J.

    1995-04-01

    During the past decade, the U.S. has experienced a surplus gas supply. Future prospects are brightening because of increased estimates of the potential size of undiscovered gas reserves. At the same time, U.S. oil reserves and production have steadily declined, while oil imports have steadily increased. Reducing volume growth of crude oil imports was a key objective of the Energy Policy Act of 1992. Natural gas could be an important alternative energy source to liquid products derived from crude oil to help meet market demand. The purpose of this study was to (1) analyze three energy markets to determine whether greater use could be made of natural gas or its derivatives and (2) determine whether those products could be provided on an economically competitive basis. The following three markets were targeted for possible increases in gas use: transportation fuels, power generation, and chemical feedstock. Gas-derived products that could potentially compete in these three markets were identified, and the economics of the processes for producing those products were evaluated. The processes considered covered the range from commercial to those in early stages of process development. The analysis also evaluated the use of both high-quality natural gas and lower-quality gases containing CO{sub 2} and N{sub 2} levels above normal pipeline quality standards.

  11. The opening of natural gas and electricity markets for professional customers. Main lessons learned - December 2006

    International Nuclear Information System (INIS)

    2006-12-01

    This document reports and comments the results of a survey on the knowledge, perceptions and behaviours of professionals regarding the energy market, and more precisely the opening of gas and electricity markets. The objectives were to identify motivations or obstacles perceived by professionals about changing their provider, to get an insight of their global opinion on market opening, and on questions and false ideas about it, to assess the level of knowledge about market opening introduced in July 2004, to identify the related changes for them, and whether they know new providers and modalities to change provider, and to assess their intention in terms of fidelity or change within a 6 month delay

  12. Liberalization and enlargement: effects of the industrial organisation of natural gas markets in Eastern Europe

    International Nuclear Information System (INIS)

    Pirovska, M.

    2005-01-01

    After half a century of political division within the European continent, and of State control over national energy industries, a new industrial and political organisation model aiming at creating a single natural gas market tends to emerge currently within the enlarged European Union. Yet new member countries are former centrally planned, socialist economies, with very different industrial structures for natural gas. However, those countries should adjust to the institutional framework applicable in the European Union, including bringing their gas industries into compliance with the liberalization process that old member countries initiated years ago. In that unprecedented context, one basic issue is whether the gas industry liberalization, in the framework of the enlargement, will have expected results in terms of competition, efficiency and profits for Eastern countries, whether new members or candidates for membership. The objective of the research work behind this article was to analyse the effects of that complex trend on the industrial organisation of gas markets in eastern Europe. (author)

  13. Visions of the North American natural gas and power markets in the next millennium

    International Nuclear Information System (INIS)

    Rounding, M.C.

    1999-01-01

    The state of affairs in the North American energy markets was discussed. Significant changes are taking place in the energy industry at a greater pace than ever before. These changes include more strategic alliances, mergers, acquisitions and name changes. This paper also discussed the issue of climate change and how it will effect business operations in the energy industry in the next millennium. It was suggested that climate change should be viewed as a business issue. Marketing 'green power' will become a significant business tool in the next century. The role that natural gas will play in new business opportunities was also discussed. Future gas supply and demand forecasts indicate that there is enough natural gas to last well into the twenty second century. Natural gas prices are not expected to climb high enough to deter its use. The future for natural gas looks promising

  14. The role of measured data in a free natural gas market

    International Nuclear Information System (INIS)

    Ter Horst, G.J.P.; Fransen, T.

    2000-01-01

    As from 2002 medium-scale customers connected to the distribution network of the regional natural gas distribution companies will be able to purchase their gas from third parties. In order to calculate the energy (gas) transmission, distribution and supply costs, it is necessary to measure and record the offtakes of all the customers with freedom of choice on an hourly basis. The Dutch natural gas trading company Gasunie usually carries out these measurements for the present 350 medium-scale customers, but for the 14,000 customers by 2002 a different solution probably must be chosen. This is because most offtakes do not have any provision for measuring consumption on an hourly basis. Following the electricity market, offtake profiles will be prepared for most customers. If the parties cannot reach agreement on those profiles, expensive measuring equipment has to be installed on site. The Standard Online Information Server (Solis) is used in a project to transfer the data measured online from a remote customer to the electricity supplier. Solis will also be used for transferring gas data. The Dutch natural gas research institute Gastec has carried out a definition study into the use of gas consumption profiles for assessing the gas balance. Gastec and KEMA (research institute for the Dutch electric power companies) will jointly further develop this gas consumption model for both the gas and electricity market

  15. Buying natural gas in the spot market: risks related to the natural gas industry globalization; Aquisicao de gas natural em bases 'spot': riscos associados a globalizacao da industria do gas natural

    Energy Technology Data Exchange (ETDEWEB)

    Mathias, Melissa Cristina [PETROBRAS S.A., Rio de Janeiro, RJ (Brazil); Szklo, Alexandre Salem [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Programa de Planejamento Energetico

    2008-07-01

    The growth of the international natural gas trade during the last decade resulted in the expectation that this product would be traded as a commodity. This expectation created a boom in the investments related to the commercialization of natural gas between borders, especially in the distinct segments of the chain of liquefied natural gas (LNG). Different agents launched themselves into liquefaction and regasification enterprises, and the ordering of ships also showed significant growth. Despite that, the natural gas market still cannot be considered global, and international gas transactions are primarily done within regional markets. This article investigates the challenges posed to the constitution of a global natural gas market. These challenges represent risks to the commercialization of this product in spot bases, for the agents that launch themselves into projects to export or import LNG to be commercialized through short term contracts in the international market for this product. (author)

  16. The integration of Scandinavia with the European natural gas market

    International Nuclear Information System (INIS)

    Radetzki, M.

    1996-01-01

    The prospects of increase in the natural gas consumption in the Scandinavian countries were examined, highlighting the most critical ingredient, namely the costs and logistics of a pipeline from the Norwegian fields through Sweden and Finland, to link up with existing pipelines carrying Russian gas. Present prospects were seen to be less than promising despite the fact that Norwegian gas appears to be competitive with alternate fuels along the pipeline route. Reasons given were erratic energy policies of the two countries, which would tend to discourage the private sector to make the necessary long-term investment without political guarantees. Such guarantees were not likely to be forthcoming in the near future, given the political ideologies that dominate the Scandinavian scene in the 1990s. 15 refs., 1 fig., 5 tabs

  17. Who depends on whom. The relative vulnerability of the EU natural gas market

    International Nuclear Information System (INIS)

    Toenjes, C.; Perlot, W.

    2006-04-01

    The authors take the recent dispute over gas deliveries between Russia and Ukraine as an occasion to review security of natural gas supply in the European Union. They stress that the relation between gas exporting and importing countries is one of mutual dependence. The option to use gas deliveries as a political power tool against the European Union is potentially very costly, even for the most dominant gas producers, and hence its use unlikely. EU governments should not have their foreign policy margins limited excessively by the perception of energy dependence. They also need to carefully balance the economic benefits of the international gas trade against the - perceived - political benefits of reduced import dependence. In order to avoid frictions within the EU internal market and to ensure minimum security of supply standards, the creation of a European 'safety net' for gas supplies might nevertheless be advisable. [nl

  18. The energy sector abroad. Part 17. Italy. ENI dominates the Italian natural gas market

    International Nuclear Information System (INIS)

    Van Gelder, J.W.

    1999-01-01

    For more than 25 years the Netherlands and Russia have supplied Italy with natural gas. Consequently, Italy was the first importer that did not receive natural gas from a neighbouring country, but from sources located more than a thousand kilometers away. These gas import pipelines, among other things, made it possible for Italy to grow into one of the largest gas countries in Europe. Today, natural gas accounts for well over a quarter of primary energy consumption and it is expected to reach a 37% peak by the year 2010. Since the 1950s, almost the entire oil and gas industry is owned by the state-owned holding company ENI ('Ente Nazionale Idrocarburi'). Although privatisation has gained momentum, it seems as if this holding will continue to dominate the gas market in the short term, because, in addition to large-scale import, ENI also controls the logistical elements, transmission and storage

  19. East-west cooperation: Market oriented restructuring and the natural gas industry

    International Nuclear Information System (INIS)

    Kowalski, G.

    1996-01-01

    The presentation deals with economic situation in the region og the Economic Commission for Europe (ECE) and in particular in transition countries. Recent developments and trends in the natural gas industry are stressed upon with a description of the role of the Economic Commission for Europe and that of the ECE gas Centre in the current transition process. The subjects covered were concerned with foreign investment trends in economies in transition, energy situation, natural gas market trends, current state of reforms of gas industry in transition countries and the role of ECE in this process

  20. Shell's Role in the Future European Gas Scene - Is a Major Market Restructuring Under Way?

    International Nuclear Information System (INIS)

    Segundo, Karen de

    1999-01-01

    The European gas market is being restructured by a combination of major global forces. Environmental considerations like the Kyoto Agreement favour the use of gas. But in the medium-term, supplies may be limited by low energy prices. The political drive for increased competition has manifested itself as the EU Gas Directive, which came into force in 1998. Shell believes that the European industry must progressively adapt to this restructuring. Flexible mechanisms like tradable emission permits should be used to generate investment capital for new gas supply projects. Moreover, both industry and regulators should take a positive and constructive approach towards increasing competition in the marketplace

  1. Asian LNG trade and gas market reform : implications for gas and power consumers

    OpenAIRE

    2004-01-01

    Asia’s three largest gas consuming economies – Japan, Korea and Chinese Taipei – are heavily reliant for their gas supplies on Asia’s three largest gas producing economies – Brunei, Malaysia and Indonesia – as well as on Middle Eastern economies of OPEC. As a result, the potential benefits of reform in gas-importing economies are limited by the pace of reform in gas-exporting economies. And since a large share of electricity is produced from gas, this constraint will affect not...

  2. Oil and natural gas market: a transitional year

    International Nuclear Information System (INIS)

    Appert, Olivier

    2007-01-01

    Year 2006 represented a transitional year for the oil market: a moderate demand growth and a slowdown of price rise, that will possibly be more significant in 2007. As to the long term, the feeling is anyway pointing at important model tensions and high prices prevailing. As a consequence, governments have to develop a more active energy policy, also when deciding on the actions to be undertaken to manage worldwide climatic change [it

  3. 77 FR 69781 - Enhanced Natural Gas Market Transparency

    Science.gov (United States)

    2012-11-21

    ... Commission's NGA section 1(b) jurisdiction? (3) What would be the commercial impacts, if any, of limiting the... Commission (Commission) seeks comments on what changes, if any, should be made to its regulations under the... quarterly reporting of every natural gas transaction within the Commission's NGA jurisdiction that entails...

  4. New gas markets: new gases, new companies; Gas jackpot in Uncle Sam's country; The gas rush; 'Deep sea gas is one of the new markets'; El senor gas; 'It is absolutely essential to accelerate the energy transition in the Mediterranean area'

    International Nuclear Information System (INIS)

    Icart, Laura

    2016-01-01

    World gas market is entering a new era: the LNG advent, the discovery of new fields and the development of unconventional gases have revealed an undeniable gas potential. This potential, present in significant quantities over the world, raises economical, technical and environmental issues. This dossier provides an overview of these new markets: shale gas and oil in the USA and the US energy strategy trend reversal; the Australian LNG rush and its environmental impact; the deep-sea gas fields exploitation and Technips' know-how; the South-American gas resources and the role of LNG; the Eastern Mediterranean offshore gas potential and the energy transition in the Mediterranean area

  5. Exploring the effects of shale gas development on natural gas markets : A multi-method approach

    NARCIS (Netherlands)

    Moorlag, R.; Auping, W.L.; Pruyt, E.

    2014-01-01

    Now that conventional gas resources are rapidly declining in many industrialised regions, national governments are considering the exploration and production of unconventional resources, with shale gas in particular. Large-scale development of these resources could significantly lower import

  6. Natural gas markets after deregulation: methods of analysis and research needs

    Energy Technology Data Exchange (ETDEWEB)

    Broadman, H.G.; Montgomery, W.D.; Zimmerman, M.B.

    1983-01-01

    Arguing for the use of economic tools to analyze downstream natural gas markets to see what changes are likely to occur after deregulations, the authors pull together the analytical methods that can be used to understand and predict some of the changes that may occur and identify current and future policy issues that may arise. They relate the mechanics of natural gas production, transmission, and distribution to the economic features of the industry and discuss the competitive structure of gas markets, the economic function of long-term contracts, the regulation of pipelines and local distribution companies, the role of interstate pipelines in a market with free wellhead prices, and the regulatory allocation of costs between jurisdictional and nonjurisdictional customers. They also present an agenda for much-needed research in this area. 190 references, 4 figures.

  7. In view of unified market how liberalize the natural gas market

    International Nuclear Information System (INIS)

    Cavicchia, V.

    2000-01-01

    A liberalization to make in parallel with a electric market. That separate clearly the operations of retail and transport, that liberalize the access to stock, clear directions of prices structure avoid cartel agreement among transport managers [it

  8. International markets for greenhouse gas emission reduction policies - possibilities for integrating developing countries

    DEFF Research Database (Denmark)

    Halsnæs, K.; Olhoff, A.

    2005-01-01

    Greenhouse gas (GHG) emissions are affecting a global common: the climate, and as a global environmental problem with a public good character it provides attractive opportunities for minimising control costs through the use of emission trading markets. This paper introduces cost and benefit princ...... principles that can be applied to the assessment of global markets for GHG emission reduction options and evaluates the scope for and the potential economic gains of such markets.......Greenhouse gas (GHG) emissions are affecting a global common: the climate, and as a global environmental problem with a public good character it provides attractive opportunities for minimising control costs through the use of emission trading markets. This paper introduces cost and benefit...

  9. Main drivers of natural gas prices in the Czech Republic after the market liberalisation

    International Nuclear Information System (INIS)

    Slabá, Monika; Gapko, Petr; Klimešová, Andrea

    2013-01-01

    One of the goals of the European Commission in the energy sector is creating a single competitive European market. The decision to liberalise energy markets has far-reaching consequences not only for gas companies, but also for the rest of the real economy in view of the fact that natural gas is being used as an important primary energy source in several sectors of production and in the power industry. We aim to answer how liberalisation/unbundling has influenced gas pricing/prices in the Czech Republic. We investigate the individual components of end-customer gas prices according to the value chain and we define and structure the drivers of these components. We use a case study from the Czech Republic, one of the Central and Eastern European countries, which, contrary to the old Member States, is buying most of its gas from one supplier (high import dependence and low supply diversity) and where the transmission and distribution network is characterised by a sufficient contractual and physical capacity. We stress that next to basic conditions on the European gas market (import dependency on external gas producers) legal and institutional conditions and the initial market structure of each Member State are also important for the results of the liberalisation. - Highlights: ► We deal with gas pricing in the Czech Republic after liberalisation/unbundling. ► The TSO, DSO price components have increased, the SSO price component has decreased. ► Commodity price for Households started to relate to hub prices. ► Commodity price for Corporates remained oil-linked, however discounts were provided. ► Only some Corporates experienced savings in total purchasing costs of gas.

  10. Institutional change in European natural gas markets and implications for energy security: Lessons from the German case

    International Nuclear Information System (INIS)

    Westphal, Kirsten

    2014-01-01

    This article focuses on institutional change in the German gas market driven by EU internal market and climate policies. It argues that institutional change has functional externalities for energy security. The German gas market provides a useful case study, as Germany is the biggest continental gas market, a major hub and transport country which has largely privatised, unbundled and separated its natural gas undertakings. Transition is ongoing, tending towards an internal market. Inter/national natural gas economics is in flux. Institutional evolution has repercussions for corporate and market structures, the operating of the system and the realization of transactions. Changes in the institutional framework crucially affect energy security, which is often associated with institutional stability. On the basis of this case study, it is argued herein that the security of natural gas supplies should be reexamined in the context of the developments described above, since overall the institutional changes in natural gas security lag behind the EU’s internal natural gas market development. - Highlights: • EU natural gas market regulation primarily aims to establish competitive markets. • German/EU regulatory approach has externalities for supply security. • Institutional changes and breaks with path dependencies take place in Germany/the EU. • Institutional change results in increasing uncertainty and complexity. • Subsequent change in perceptions and expectations may destabilise trade relations

  11. 2015, the transition year for France's gas market

    International Nuclear Information System (INIS)

    Le-Bihan-Graf, Christine; Rosenblieh, Laure

    2015-01-01

    2015 should be the transition year both for the wholesale and the retail markets. At retail level, the disappearance of regulated tariffs for non-residential clients whose consumption exceeds 30 000 kWh opens up a real opportunity for alternative suppliers to gain market share. On the wholesale side, the merger of PEG Sud, GRTgaz and TIGF will be the first step towards the creation of a single entity in France's gas wholesaling. (authors)

  12. Economics of residential gas furnaces and water heaters in United States new construction market

    OpenAIRE

    Lekov, Alex B.

    2009-01-01

    New single-family home construction represents a significant and important market for the introduction of energy-efficient gas-fired space heating and water-heating equipment. In the new construction market, the choice of furnace and water-heater type is primarily driven by first cost considerations and the availability of power vent and condensing water heaters. Few analysis have been performed to assess the economic impacts of the different combinations of space and water-heating equipment....

  13. Opportunities - oil and gas development in the Mexican market

    International Nuclear Information System (INIS)

    1997-01-01

    This review of business opportunities is intended as a guide for Alberta companies who are interested in investing or otherwise participating in the Mexican oil and gas industry. The guide provides a brief summary of Mexico, its political, legal and economic system, a brief review of the Mexican oil and gas industry, environmental legislation, the financial institutions, labour/management relations and overseas trade relations. Opportunities for Alberta firms in the Mexican resources industry are identified. Steps to follow for anyone contemplating business with Pemex, the state-owned oil company, are outlined and sources of assistance available to Alberta companies are reviewed. There are various lists of private consultants, Canadian banks in Mexico, accounting firms, customs brokers, freight forwarders and tips on Canadian and Mexican sources of financing. There is also a summary of commercial regulations between Pemex and its suppliers, and an organization chart of the Exploration and Production Branch of Petroleos Mexicanos. tabs., figs

  14. Electricity and gas market in Switzerland - concepts and rules

    International Nuclear Information System (INIS)

    Fuchs, A.

    2003-01-01

    The political process to introduce the opening of the market in Switzerland is slow, but in movement. The preparation allows to participate in the experience of other countries and to adapt the system to the particularities of the industries and the country. The principle of subsidiarity allows the utilities to organise the technical and organisational realisation and to keep the legal rules to a minimum. The high technical integration in the European interconnection network asks for an EU compatible, but not identical, system in Switzerland.(author)

  15. The development of competition in the gas market. A micro economic analysis

    International Nuclear Information System (INIS)

    Parati, M.

    2000-01-01

    This paper analyzes, from a theoretical point of view, the most likely strategy for an incumbent to face the threat of new competitors to enter the gas market. This strategy is suggested to monopolize the residual demand, so to leave new entrants choosing the quantity they are willing to sell in the market. However, this quantity will be probably bounded by the existing take-or-pay contracts. The potential barrier to entry arising from the take-or-pay contracts already signed could be high. The take-or-pay clause transforms a typical variable cost (the cost of gas) in a fixed cost so changing the incentive for an incumbent to define its strategy: pushing the quantity sold in the gas market below the take-or-pay level could be extremely expensive. It is argued that the less efficiency gap with respect to the incumbent (measured by means of the difference in marginal costs) the stronger the penetration of new competitors in the gas market. The implementation of a gas release program could be useful for development of concurrence. This would reduce directly the barrier set out by the existing take-or-pay contracts [it

  16. Gas pricing in a liberalized European market; will the rent be taxed away?

    International Nuclear Information System (INIS)

    Austvik, O.G.

    1997-01-01

    The European gas market will become 'more liberal'. Depending on in which segments competition is intensified and public interference takes place, prices in the gas chain will be affected. Rent may be redistributed among firms and prices will become more volatile. If supply overshoots demand for a long period, average consumer prices may also be pushed down. Rent may also end up as tax revenues for public authorities. This article argues that an active use of gas taxes as an instrument to derive public revenues increases the probability of a politically led liberalization process. The effect of these economic and political forces and actions may, however, be less new gas to the market. (author)

  17. Current developments on the coal and gas markets and their retroactive effects on the Merit Order

    International Nuclear Information System (INIS)

    Hecking, Harald; Cam, Eren; Schoenfisch, Max; Schulte, Simon

    2017-01-01

    Coal and gas continue to play a significant role in the European power generation system, especially in Germany. According to the AG energy balances, the share of hard coal in German gross electricity generation in 2016 was 17.2% and natural gas 12.4%. In addition to the CO 2 price, the prices for steam coal and natural gas are a key factor in determining which gas or coal power station is in Merit Order and whether it comes to a fuel switch. Declining gas prices have been rising sharply since the middle of 2016, and the volatile prices for steam coal have been rising. This article discusses the developments and factors responsible for these developments, which could be expected in the near future, and the implications for the gas-coal spread in the electricity market. [de

  18. The advance of natural gas market using urban information: case study in Sao Paulo City

    Energy Technology Data Exchange (ETDEWEB)

    Massara, V.M.; Faga, M.T.W. [Universidade de Sao Paulo (USP), Sao Caetano do Sul, SP (Brazil). Inst. de Eletrotecnica e Energia], E-mail: vmassara@iee.usp.br

    2007-07-15

    In the decision-making process for the construction and expansion of natural gas infrastructure, different factors must be considered to prioritize areas with high market potential for the given service. The aim of this paper is to propose a systemic model that integrates the understanding of the urban dynamics to the strategies of expansion in the distribution network, taking the advance of natural gas in the city of Sao Paulo (Brazil) as a specific case study. (author)

  19. World oil and gas markets in 2005; Les marches petroliers et gaziers mondiaux en 2005

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-01-15

    In front of insufficient production capacities, the petroleum and gas spot prices have won historical records in 2005. This paper analyzes this situation using the highlights of this exceptional year and concerning the producing countries (political situation), the oil and gas markets (exchange rates, demand, production capacity), the European quotations of petroleum products (automotive and domestic fuels), and the prices of petroleum products in France. (J.S.)

  20. The international gas markets. Of major changes and challenges for Europe

    International Nuclear Information System (INIS)

    Westphal, Kirsten

    2014-01-01

    Already in the 2010 edition of its World Energy Outlook the World Energy Agency noted an unprecedented degree of uncertainty surrounding the international energy markets. The rate of change in these markets is indeed stupendous, posing formidable tasks to business companies as well as the political leadership. The European gas markets face new challenges in protecting their security of supply which stem from the combined effects of the shift of LNG trade flows into the Pacific region, decreasing rates of home production and the ongoing transformation process within the EU.

  1. Natural gas pricing reform in China: Getting closer to a market system?

    International Nuclear Information System (INIS)

    Paltsev, Sergey; Zhang, Danwei

    2015-01-01

    Recent policy in China targets an increase in the contribution of natural gas to the nation's energy supply. Historically, China's natural gas prices have been highly regulated with a goal to protect consumers. The old pricing regime failed to provide enough incentives for natural gas suppliers, which often resulted in natural gas shortage. A new gas pricing reform was tested in Guangdong and Guangxi provinces in 2011, and introduced nationwide in 2013. The reform is aimed at creating a more market-based pricing mechanism. We show that a substantial progress toward a better predictability and transparency of prices has been made. The prices are now more connected with the international fuel oil and liquid petroleum gas prices. The government's approach for a temporary two-tier pricing when some volumes are still traded at old prices reduced a potential opposition during the new regime implementation. Some limitations of the natural gas pricing remain as it created biased incentives for producers and favors large natural gas suppliers. The pricing reform at its current stage falls short of establishing a complete market mechanism driven by an interaction of supply and demand of natural gas in China. - Highlights: • China's reform of natural gas pricing is in effect nationwide from 2013. • Prices are now connected to international fuel oil and liquid petroleum gas prices. • The reform benefits domestic producers and importers of natural gas. • There are still price distortions between industrial and residential sector. • The reform needs to create a system where both supply and demand are considered.

  2. TransCanada's Alberta hub : a great market for British Columbia natural gas

    International Nuclear Information System (INIS)

    Feldman, M.

    2005-01-01

    This presentation outlined commercial gas transmission activities along TransCanada Pipelines' wholly owned regulated pipelines in western Canada, including the Alberta System and the British Columbia (BC) System. TransCanada Pipelines owns and operates 41,000 km of pipeline that transport 11.5 billion cubic feet of gas per day. TransCanada's efforts to improve Alberta System economics were described along with the services it has developed to better connect supply and improve market access. This presentation included several illustrations depicting North American gas supply and demand; frontier resources in the Western Canada Sedimentary Basin (WCSB); pipelines that accommodate northern gas; Alberta gas demand; and, Pacific gas demand; The integration of the Gas Transmission Northwest (GTN) System in the energy grid of western North America was also discussed. It was determined that production from the WCSB remains stable and supply from BC will remain a key growth area for the WCSB. In addition, enhancements to the Alberta Hub, facilitated by TransCanada's Nova Inventory Transfer, will provides a great market for BC gas. figs

  3. Proceedings of the CERI 2006 natural gas conference : North American markets : fragile, handle with care

    International Nuclear Information System (INIS)

    2006-01-01

    This conference was attended by decision makers throughout the supply chain in the natural gas industry who face the continuing challenges of changes in market mechanisms, pricing options, and transmission alternatives. It provided an opportunity to review issues affecting producers, shippers, marketers, and end-users in an environment of tight energy markets and high, inelastic demand. The constraints on adequate energy supplies are influenced by economic factors, current and future resources, materials, equipment, skilled labour, technology and financial capital. The 8 sessions of the conference dealt with the tight North American gas supply; the slow development of new supplies; resource access issues, including politics and supply security; the geopolitics of natural gas; impacts of high prices on the North American economy; energy industry impacts of high natural gas prices; domestic politics and high natural gas prices; and, radical planning scenarios for the future of natural gas. The conference featured 23 presentations, of which 6 have been catalogued separately for inclusion in this database. refs., tabs., figs

  4. High-temperature gas reactor (HTGR) market assessment, synthetic fuels analysis

    International Nuclear Information System (INIS)

    1980-08-01

    This study is an update of assessments made in TRW's October 1979 assessment of overall high-temperature gas-cooled reactor (HTGR) markets in the future synfuels industry (1985 to 2020). Three additional synfuels processes were assessed. Revised synfuel production forecasts were used. General environmental impacts were assessed. Additional market barriers, such as labor and materials, were researched. Market share estimates were used to consider the percent of markets applicable to the reference HTGR size plant. Eleven HTGR plants under nominal conditions and two under pessimistic assumptions are estimated for selection by 2020. No new HTGR markets were identified in the three additional synfuels processes studied. This reduction in TRW's earlier estimate is a result of later availability of HTGR's (commercial operation in 2008) and delayed build up in the total synfuels estimated markets. Also, a latest date for HTGR capture of a synfuels market could not be established because total markets continue to grow through 2020. If the nominal HTGR synfuels market is realized, just under one million tons of sulfur dioxide effluents and just over one million tons of nitrous oxide effluents will be avoided by 2020. Major barriers to a large synfuels industry discussed in this study include labor, materials, financing, siting, and licensing. Use of the HTGR intensifies these barriers

  5. Wholesale electricity, CO2, and gas market functioning. 2012-2013 report

    International Nuclear Information System (INIS)

    2013-10-01

    The Energy Regulatory Commission (CRE) monitors transactions by participants on the French wholesale electricity and gas markets since 2006 and it monitors CO 2 trading since late 2010 in cooperation with the AMF. This power is granted by Articles L. 131-2 and L. 131-3 of the Energy Code. Therefore, in the context of its monitoring mission, CRE ensures that wholesale energy market prices are consistent with the technical and economic fundamentals of these markets. In particular, CRE strives to verify that no market power is exercised in such a way that a participant abuses its situation to attain abnormal prices, notably with regard to its costs. This mission is now also part of the European Regulation on Energy Market Integrity and Transparency of 25 October 2011 (REMIT). The REMIT organises wholesale energy market monitoring, prohibits market abuse (insider trading and market manipulation), and requires market participants to disclose any inside information they hold. It entrusts market monitoring, at European level, to the Agency for the Cooperation of Energy Regulators (ACER) in cooperation with national regulatory authorities responsible for national investigations and sanctions. The Brottes law of 15 April 2013 expressly entrusted CRE with the mission of ensuring REMIT implementation and CoRDis jurisdiction to sanction any breaches of the regulation. The energy markets are experiencing major change. The emergence of unconventional hydrocarbons in North America has profoundly changed the global balance of gas and oil production. American gas market prices dropped due to abundant supply causing a significant decline in imports of liquefied natural gas (LNG) from across the Atlantic and a strong incentive to produce electricity in gas-fired plants to the detriment of coal-fired plants. This significant decline in demand for coal in the United States significantly weakened global coal prices. World energy demand is mainly driven by emerging markets, particularly

  6. Why has the introduction of natural gas vehicles failed in Germany?—Lessons on the role of market failure in markets for alternative fuel vehicles

    International Nuclear Information System (INIS)

    Peters von Rosenstiel, Dirk; Heuermann, Daniel F.; Hüsig, Stefan

    2015-01-01

    Despite private investments exceeding two billion Euros and tax incentives of more than 500 million Euros, the market share of natural gas vehicles (NGVs) in Germany has lagged far behind expectations and behind market developments in other countries. With total cost of ownership being on average lower for NGVs than for gasoline and diesel vehicles this raises the question of the existence of market failure in the German NGV-market. We use a case study approach where we combine quantitative data with insights from a multi-industry expert panel and in-depth interviews with experts from industry, government and civil society in order to examine whether and how different types of market failure contribute to the status quo in the German market for NGVs. We conclude that coordination failure in complementary markets, an artificially created monopoly of service stations at motorways, imperfect information, bounded consumer rationality, and principle-agent-problems are the most prominent market failures inhibiting the development of a functioning market for NGVs. Our results are instructive for the design of effective public policies and investor strategies aiming to create markets for alternative fuel vehicles. - Highlights: • We analyze market failure in the German market for natural gas vehicles. • Coordination failure is the most important reason for market failure to arise. • Minor factors: regulatory deficits, imperfect information, bounded rationality. • Policies encompass stabilizing expectations and supporting actor coordination. • Our results are instructive for policies and investor strategies in AFV-markets

  7. The oil and gas equipment and services market in India

    International Nuclear Information System (INIS)

    2002-01-01

    In terms of purchasing power, India represents the fourth largest economy in the world. In the year April 1, 2001-Mar 31, 2002, it was estimated that India had a 5.4 per cent growth in gross domestic product (GDP). Canada experienced a 19.9 per cent increase in exports to India in 2001, reaching 656 million dollars. With the world's six-largest energy consumption, oil demand in India is expected to grow to 179 million tonnes in 2006-2007, while the demand for natural gas is expected to reach 231 million cubic metres per day in the same period. To meet this growing demand, India will require investments in the order of 150 billion dollars over the next 10 to 12 years. The oil and gas industry is being opened to the private sector and foreign direct investment, due to new government policies on exploration, production, distribution, and sales. Foreign involvement in exploration, previously restricted to Indian state-owned firms, is now allowed through the New Exploration Licensing Policy. In exploration and production (E and P) activities, as well as the refinery sector, foreign ownership of up to 100 per cent is now allowed. Two Indian companies which dominate the Indian E and P sector, namely Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL), will be upgrading their ageing infrastructure, purchasing new equipment and redeveloping existing oil and gas fields, thereby creating opportunities for the supply of equipment and services. Canadian companies possessing the latest technologies and services in exploration, drilling machinery and equipment, directional drilling services, production machinery and equipment, enhanced recovery services, deep-water drilling equipment and services, and equipment for coal methane E and P should benefit from these opportunities. Over 12,000 kilometres of pipelines are being planned across India, as well as private opportunities in the refinery sector which was opened to the private sector in April 2002. Occasional

  8. The Fluid Dynamics of Nascent Biofilms

    Science.gov (United States)

    Farthing, Nicola; Snow, Ben; Wilson, Laurence; Bees, Martin

    2017-11-01

    Many anti-biofilm approaches target mature biofilms with biochemical or physio-chemical interventions. We investigate the mechanics of interventions at an early stage that aim to inhibit biofilm maturation, focusing on hydrodynamics as cells transition from planktonic to surface-attached. Surface-attached cells generate flow fields that are relatively long-range compared with cells that are freely-swimming. We look at the effect of these flows on the biofilm formation. In particular, we use digital inline holographic microscopy to determine the three-dimensional flow due to a surface-attached cell and the effect this flow has on both tracers and other cells in the fluid. We compare experimental data with two models of cells on boundaries. The first approach utilizes slender body theory and captures many of the features of the experimental field. The second model develops a simple description in terms of singularity solutions of Stokes' flow, which produces qualitatively similar dynamics to both the experiments and more complex model but with significant computational savings. The range of validity of multiple cell arrangements is investigated. These two descriptions can be used to investigate the efficacy of actives developed by Unilever on nascent biofilms.

  9. Vietnam: opportunities in a developing oil and gas market

    International Nuclear Information System (INIS)

    Knott, T.

    1993-11-01

    The aim of this report is to act as an introduction to Vietnam and its oil industry opportunities for manufacturing, contracting, service and supplies companies which are seeking entry into other markets. The chapters of the report present an overview of the country, its recent history and formative events; in addition, the country's economy, industries and rebuilding process are reviewed. Detailed attention is given to trade, investment and finance, as these factors directly influence all business ventures in Vietnam, and are essential considerations in the assessment of the overall business environment. The appendices contain an extensive list of organisational contacts in Vietnam, the U.K. and elsewhere, and other useful information to support these activities. (author)

  10. Functioning of the wholesale electricity, CO2 and natural gas markets - 2013-2014 Report

    International Nuclear Information System (INIS)

    Monteil, Anne; Casadei, Cecile

    2014-11-01

    The Energy Regulatory Commission (CRE) monitors transactions by participants on the French wholesale electricity and gas markets since 2006 and it monitors CO 2 trading since late 2010 in cooperation with the AMF. This power is granted by Articles L. 131-2 and L. 131-3 of the Energy Code. Therefore, in the context of its monitoring mission, CRE ensures that wholesale energy market prices are consistent with the technical and economic fundamentals of these markets. In particular, CRE strives to verify that no market power is exercised in such a way that a participant abuses its situation to attain abnormal prices, notably with regard to its costs. This mission is now also part of the European Regulation on Energy Market Integrity and Transparency of 25 October 2011 (REMIT). The REMIT organises wholesale energy market monitoring, prohibits market abuse (insider trading and market manipulation), and requires market participants to disclose any inside information they hold. It entrusts market monitoring, at European level, to the Agency for the Cooperation of Energy Regulators (ACER) in cooperation with national regulatory authorities responsible for national investigations and sanctions. The French law of 15 April 2013 on the transition towards green growth expressly entrusted CRE with the mission of ensuring REMIT implementation and CoRDiS jurisdiction to sanction any breaches of the regulation. The present report reviews the development of wholesale markets over the course of 2013 and the first half of 2014. It also presents detailed completed or ongoing analyses related to market participants' behaviour or to market events. The difficulties encountered by energy producers were confirmed during 2013 and the first half of 2014, in particular for electricity producers. The costs of production for coal-fired power stations remained particularly low, due especially to a continued drop in the coal prices and despite a slight increase in the CO 2 prices. Production

  11. Electricity and gas market observatory. 4. Quarter 2006; Observatoire des marches de l'electricite et du gaz. 4. trimestre 2006

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    Since July 1, 2004, all electricity and gas consumers can be eligible according to their consumption site, as long as all or part of the electricity or gas consumed is designed for non-residential use. The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). It completes the information already published by CRE: - practical information for eligible customers: consumer guide, list of suppliers, - communications regarding markets running; CRE's annual activity report. Content: A - The electricity market: The retail electricity market (Introduction, Eligible customer segments and their respective weights, Status at January 1, 2007, Dynamic analysis: 4. Quarter 2006); The wholesale electricity market (Introduction, Traded volumes on the French wholesale electricity market and comparison with European markets, Prices on the French wholesale electricity market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking facts of the 4. 2006 quarter); B - The gas market: The retail gas market (Introduction, The eligible customer segments and their respective weights, Status at January 1, 2007); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary.

  12. Electricity and gas market observatory. 4. Quarter 2008; Observatoire des marches de l'electricite et du gaz 4. trimestre 2008

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1 of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status on December 31, 2008, Dynamic analysis: 4. Quarter 2008); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on December 31, 2008, Dynamic analysis: 4. Quarter 2008); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France, Prices on the French wholesale market and European comparison, Concentration of the French gas market); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary.

  13. The gas market and sector in France. Situation and predictions 2018 - Sector and competitive analysis

    International Nuclear Information System (INIS)

    2017-01-01

    Through a detailed analysis of market determining factors, of evolutions of supply and demand, and of major events in firms life, this set of two reports proposes an analysis of the recent situation of the gas sector and of the evolutions of the competitive game. The first report on situation and predictions which is updated three times a year, proposes a synthesis on the consequences of the evolution of the economic environment, on major trends noticed for the sector, and on predictable evolutions. It proposes the most recent predictions regarding natural gas consumption in France and the turnover of the gas sector. It highlights recent events for companies of the sector: takeovers, investments, restructuring, introduction of new products, and so on. It proposes a sector-based dashboard which contains all the critical figures useful to analyse the sector situation (activity determining factors, key figures for the sector and its environment). The second report (the annual one) proposes an overview of trends and competition within the gas sector. It gives an overview of some basic aspects of the activity (sector organisation, gas categories, main customer markets, gas consumption in industry), and of its determining factors, analyses the sector environment (sites connected to the natural gas network, evolution of average temperatures in France, production by chemical industry, by the food industry, and by metallurgy and oil refining, thermal production of electricity, regulatory evolution regarding supports to energy efficiency, and new opportunities). The evolution of the sector activity is analysed through its trends and indicators (turnovers, gas consumption, butane-propane deliveries, wholesale prices, regulated tariffs). The economic structure is also analysed: aspects related to the upstream part (extraction, injection of biogas, natural gas main input and output points, transport and storage, natural gas distribution), and aspects related to gas provision

  14. A research of the development of electricity and natural gas markets and the experiences gained from implementation of the electricity and natural gas market laws

    International Nuclear Information System (INIS)

    Lewis, P.E.; Pakkanen, M.; Naervae, T.; Hernesniemi, L.; Partanen, J.; Viljainen, S.; Honkapuro, S.; Tahvanainen, K.; Jylhae, R.

    2007-01-01

    In the beginning of 2005 several changes in the electricity and natural gas market law came into effect. This report examines the influence and impact of these changes on the behaviour and development of these markets, looking at the role and position of both the energy industry and customers. The report combines existing data with new research data collected during spring and summer 2006. Whilst the recency of the law changes, along with the simultaneous impact of other market variables limits the salience of any impact, the report nevertheless provides clear and interesting conclusions. In the electricity market, one major legislative change that came into force in the beginning of 2005 concerned the supervision of the reasonableness of electricity distribution pricing. According to the newly adopted ex ante regulation principles, the regulatory authority now determines the guidelines for reasonable pricing prior the start of a predefined regulatory period. So far, the price development under the new regulatory system has been positive since, on average, the customers have experienced price decreases over the past year and a half. However, final conclusions on the overall price development are possible only after the second regulation period that ends in 2011. In general, the new regulatory system has improved the predictability of regulation but there are also some problems, namely the low level of regulated returns and the practically non-existent incentives for preventative maintenance of the distribution network, caring for the electricity quality and service level improvements. Even if the changes in the electricity market law are generally seen as a positive step forward, they have not had (and were not expected) a radical impact on e.g. electricity prices. Regarding electricity prices the most significant law changes comprise more extensive unbundling, the obligation to publish offer (competitive) price information and the limitation of 'obligation to

  15. Price and volatility transmissions between natural gas, fertilizer, and corn markets

    NARCIS (Netherlands)

    Etienne, Xiaoli Liao; Trujillo-Barrera, Andrés; Wiggins, Seth

    2016-01-01

    Purpose – The purpose of this paper is to investigate the price and volatility transmission between natural gas, fertilizer (ammonia), and corn markets, an issue that has been traditionally ignored in the literature despite its significant importance. Design/methodology/approach – The authors

  16. Cross-border constraints, institutional changes and integration of the Dutch-German gas market

    NARCIS (Netherlands)

    Kuper, Gerard H.; Mulder, Machiel

    2016-01-01

    We evaluate the contribution of nine institutional changes to the integration of the Dutch and German gas markets. We analyse this contribution through the impact of bottlenecks in the cross-border infrastructure on the absolute value of cross-border price differences. In the period 2007-2013, the

  17. Market diffusion, technological learning, and cost-benefit dynamics of condensing gas boilers in the Netherlands

    NARCIS (Netherlands)

    Weiss, M.; Dittmar, L.; Junginger, H.M.; Patel, M.K.; Blok, K.

    2009-01-01

    High costs often prevent the market diffusion of novel and efficient energy technologies. Monitoring cost and price decline for these technologies is thus important in order to establish effective energy policy. Here, we present experience curves and cost-benefit analyses for condensing gas boilers

  18. Harried LP-gas marketers recount the recent price/supply nightmare

    Energy Technology Data Exchange (ETDEWEB)

    Prowler, S

    1990-02-01

    This article presents a survey of several LP-gas marketers, who discuss how their companies responded to the propane fuel crisis during the winter of 1989-1990. wholesale and retail pricing, as well as consumer response during this period are described. Supply strategies for the future are discussed.

  19. The French wholesale electricity, natural gas and CO2 markets in 2010-2011

    International Nuclear Information System (INIS)

    2011-10-01

    CRE's mission of monitoring wholesale markets aims to ensure that wholesale market energy prices are consistent with the technical and economic fundamentals of these markets. In particular, CRE strives to verify that no market power is exercised in such a way that a participant abuses its situation to attain abnormal prices, notably with regard to its costs. During 2010, the volumes traded on the intermediated wholesale electricity markets declined by 7% compared to 2009, mainly on the futures markets. The availability of production facilities, in particular nuclear plants, significantly increased and market volatility declined. The average spot price of electricity increased by 10.4% in 2010 compared to 2009, to euro 47.5 /MWh. The average peak price increased by 1.3% in 2010 to euro 59.0 /MWh. Prices for calendar products (Y+1) went from euro 51.7 /MWh on average in 2009 to euro 52.4 /MWh in 2010. These increases mainly reflect the resumption in consumption following the recovery in economic activity and the severe weather conditions in 2010. Since the beginning of 2010, the recovery in availability of nuclear production facilities has contributed to improving the French electricity trade balance at the borders. The expansion of the trilateral coupling (France, Belgium, and the Netherlands) to Germany and, more recently, the German moratorium on nuclear production of electricity has had effects on the European wholesale electricity markets. French term contracts prices are now below German prices. The transparency of the market has increased, notably due to the publication of unplanned outages at production sites within 30 minutes since the end of 2010. On the wholesale gas markets, volumes traded increased significantly in 2010 and in the first six months of 2011. This development extends the dynamic already observed in 2009. The context is still marked by a discrepancy between gas prices on the market and the price of long-term contracts indexed to oil

  20. 77 FR 64964 - Cheniere Marketing, LLC; Application for Long-Term Authorization To Export Liquefied Natural Gas...

    Science.gov (United States)

    2012-10-24

    ... DEPARTMENT OF ENERGY [FE Docket No. 12-97-LNG] Cheniere Marketing, LLC; Application for Long-Term Authorization To Export Liquefied Natural Gas Produced From Domestic Natural Gas Resources to Non-Free Trade... application (Application) filed on August 31, 2012, by Cheniere Marketing, LLC (CMI), requesting long- term...

  1. 76 FR 36910 - Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas...

    Science.gov (United States)

    2011-06-23

    ... Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC... Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power [[Page... subscribed docket(s). For assistance with any FERC Online service, please e-mail [email protected

  2. 76 FR 36914 - Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas...

    Science.gov (United States)

    2011-06-23

    ... Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC... Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC, Dunkirk Power LLC, Huntley... when a document is added to a subscribed docket(s). For assistance with any FERC Online service, please...

  3. 76 FR 34692 - Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas...

    Science.gov (United States)

    2011-06-14

    ... Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC... Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC... notification when a document is added to a subscribed docket(s). For assistance with any FERC Online service...

  4. 77 FR 35669 - AltaGas Renewable Energy Colorado LLC; Supplemental Notice That Initial Market-Based Rate Filing...

    Science.gov (United States)

    2012-06-14

    ... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. ER12-1875-000] AltaGas Renewable Energy Colorado LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request... of AltaGas Renewable Energy Colorado LLC application for market-based rate authority, with an...

  5. 77 FR 9227 - AP Gas & Electric (NJ), LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AP Gas & Electric (NJ), LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of AP Gas & Electric (NJ), LLC's application for market-based rate authority...

  6. 77 FR 9227 - AP Gas & Electric (NY), LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AP Gas & Electric (NY), LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of AP Gas & Electric (NY), LLC's application for market-based rate authority...

  7. 75 FR 70738 - AP Gas & Electric (PA), LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2010-11-18

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AP Gas & Electric (PA), LLC; Supplemental Notice That Initial Market-Based... supplemental notice in the above-referenced proceeding AP Gas & Electric (PA), LLC's application for market...

  8. 77 FR 9228 - AP Gas & Electric (MD), LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AP Gas & Electric (MD), LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of AP Gas & Electric (MD), LLC's application for market-based rate authority...

  9. 77 FR 9228 - AP Gas & Electric (IL), LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AP Gas & Electric (IL), LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of AP Gas & Electric (IL), LLC's application for market-based rate authority...

  10. 76 FR 6613 - AP Gas & Electric (TX), LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2011-02-07

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AP Gas & Electric (TX), LLC; Supplemental Notice That Initial Market-Based... supplemental notice in the above-referenced proceeding of AP Gas & Electric (TX), LLC's application for market...

  11. 77 FR 9227 - AP Gas & Electric (OH), LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2012-02-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AP Gas & Electric (OH), LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of AP Gas & Electric (OH), LLC's application for market-based rate authority...

  12. Evolving natural gas markets: LNG possibilities for a hydrothermal power system

    Energy Technology Data Exchange (ETDEWEB)

    Correia, Tiago B.; Resende, Joao P.; Costa, Agnes M. [Brazilian Ministry of Mines and Energy, Brasilia, DF (Brazil)

    2008-07-01

    The latest advancements in the natural gas - NG industry have brought new opportunities for the resource's application, especially in the power industry. On the one hand, rapid growth in demand and falling costs of transportation over long distances, particularly as liquefied natural gas - LNG, should lead to a more integrated NG world market. On the other, the deregulation of electricity markets and the growth of independent power producers - IPPs using NG as a fuel for generating peak load power have increased the demand for more flexible NG supply contracts. These factors have allowed a shift in the timing of investment and contract negotiation in NG market. Traditionally, firms searched for trading partners and signed long-term contracts before investing in infrastructure. In the evolving LNG market, producers invest in infrastructure before they have buyers for all their expected outputs, while buyers undertake investment before having firm contracts for all their expected NG needs. These technological and market changes may foster greater participation of a fully flexible NG power plants in the Brazilian electricity market. Nowadays, thermal power long-term capacity contracts customized and negotiated in the local electricity pool (ACR) require power producer to award guarantees of NG firm supply, substantially increasing their cost. A combination of flexible LNG supply contracts and electricity pool contracts may present a solution to the lack of competitiveness of NG power plants in the Brazilian power industry. (author)

  13. Electrical markets, energy security and technology diversification: nuclear as cover against gas and carbon price risks?

    International Nuclear Information System (INIS)

    Roques, F.A.; Newbery, D.M.; Nuttall, W.J.; Neufville, R. de

    2005-01-01

    Recent tension in the oil and gas markets has brought back the concept of energy offer diversification. Electrical production technology diversification in a country helps improve the security of supply and make up for the negative effects of hydrocarbons price variations. The portfolio and real options theories help to quantify the optimum diversification level for a country or a power company. The cover value of a nuclear investment for a power company facing cost uncertainties (price of gas and of carbon dioxide emission permit) and proceeds (price of electricity) is assessed. A strong link between the prices of gas and electricity reduces incentives to private producers to diversify, disputing the capacity of a liberalized electrical market to achieve optimum technology diversity from a domestic point of view. (authors)

  14. The consequences of liberalisation of the gas market. Part 6. Suppliers

    International Nuclear Information System (INIS)

    Van Gelder, J.W.

    1999-01-01

    Deregulation in the energy sector has forced companies to scale up. Natural gas suppliers and installers are confronted with more pressure to cut prices and bigger turnover fluctuations. Companies doing business with gas companies try to escape the consequences of deregulation by developing new products and improving their services. In the sixth and last article in the series on the effects of the liberalisation of the Dutch gas market, suppliers express their concern about the changes triggered by the deregulated market. Challenges and opportunities of deregulation are discussed as well. The bigger companies in the installation sector will be looking for opportunities to render energy services independently or in co-operation with (foreign) partners. For smaller installers, however, co-operation seems to be an interesting option, either with other installers or with energy companies

  15. Canada's conventional natural gas resources : a status report : an energy market assessment

    International Nuclear Information System (INIS)

    2004-04-01

    The National Energy Board monitors the supply of all energy commodities in Canada as well as the demand for Canadian energy commodities in domestic and export markets. Energy market assessment reports examine different facets of the Canadian energy market and include long term-assessments of Canada's supply and demand as well as near-term energy market issues. This report examines the geological potential for conventional natural gas resources. An estimate of those resources for Canada was also presented. The main objective of the report is to set the groundwork for future partnerships between provincial, territorial and federal agencies. The size of Alberta's conventional natural gas resources is being examined in partnership with the Alberta Energy and Utilities Board (EUB). The ultimate potential for conventional natural gas in British Columbia is being assessed by the British Columbia Ministry of Energy and Mines. The Board's internal assessment for 2004 has revealed an estimate of 207 trillion cubic feet for the ultimate of conventional natural gas in Alberta. This estimate is higher than the estimate provided by the Canadian Gas Potential Committee in 2001 and higher than the 1992 assessment of the EUB. It was noted that most undiscovered resources in Alberta will be found in the shallow Cretaceous zones, not in deep Devonian zones. The Board also revised its estimate for the Mackenzie Delta-Beaufort Sea region and the East Newfoundland Basin. The current estimate for ultimate potential of conventional natural gas in Canada is 501 trillion cubic feet, with the following distribution of the resources by basin: Western Canada Sedimentary Basin (54.5 per cent), Northern Canada (23.1 per cent), East Coast (18.3 per cent), West Coast (3.4 per cent), Ontario (0.5 per cent), and Gulf of St. Lawrence (0.3 per cent). 39 refs., 7 tabs., 13 figs

  16. The natural gas market in North-America. The evolution of the Mexican gas industry

    Energy Technology Data Exchange (ETDEWEB)

    Angevine, Gerry [Canadian Energy Research Institute (Canada)

    1996-07-01

    This study by Petro Consultants of Houston suggests that Mexican gas can compete with United States gas. First, the resource base is relatively immature and prospects are good for the discovery of large pools with low per unit finding, development and production costs. Second, the resources are considered to be producible using conventional methods. There were 11 basins to consider for Mexico in this survey. [Spanish] Este estudio realizado por Petro Consultants sugiere que el gas mexicano puede competir con el gas de los Estados Unidos. Primero, la base del recurso esta relativamente inmadura y los prospectos para el descubrimiento de grandes depositos son buenos, con costos unitarios de localizacion, desarrollo y produccion bajos. Segundo, se considera que los recursos son capaces de producir usando metodos convencionales. Existian 11 cuencas por considerar en Mexico, en este estudio.

  17. 75 FR 18497 - Chevron Keystone Gas Storage, LLC; Notice of Notification of Change in Market Power Analysis and...

    Science.gov (United States)

    2010-04-12

    ...] Chevron Keystone Gas Storage, LLC; Notice of Notification of Change in Market Power Analysis and Request for Renewed Approval of Market-Based Rates April 5, 2010. Take notice that on March 31, 2010, Chevron... power analysis and request for renewed approval of market-based rates for its storage and hub services...

  18. Unbundling the retail gas market: Current activities and guidance for serving residential and small customers

    Energy Technology Data Exchange (ETDEWEB)

    Costello, K.W.; Lemon, J.R.

    1996-05-01

    The restructuring of retail gas services has followed a typical pattern for previously heavily regulated industries: large customers are initially given rights to purchase unbundled services from different entities, with the same rights dispersed over time to smaller customers. For about ten years now industrial customers in most states have been able to {open_quotes}play the market{close_quotes}. Since the passage of the Federal Energy Regulatory Commission (FERC) Order 636 in 1992, interest has centered on expanding service unbundling to small retail customers, including residential customers. Importantly, the Order prohibited pipelines from providing bundled sales service. This is not surprising - in the telecommunications industry, for example, the unbundling of wholesale services was a strong stimulant for developing competition in the local exchange market. The push for small-customer service unbundling has derived from the basic but politically attractive idea that all retail customers should directly benefit from competitive forces in the natural gas industry. When one looks at the movement of prices since 1985, it is easy to see that large retail customers have enjoyed more favorable prices than other retail customers. For example, over the period 1985 to 1994 gas prices to industrial customers and electric utilities fell around 23 percent and 36 percent, respectively. In comparison, gas prices to residential customers increased by around 5 percent while gas prices to commercial customers decreased slightly by about 1 percent. This report examines various aspects of unbundling to small retail gas customers, with special emphasis on residential customers.

  19. Recent Trends in the World Gas Market: Economical, Geopolitical and Environmental Aspects

    Directory of Open Access Journals (Sweden)

    Alessandro Toscano

    2016-02-01

    Full Text Available Natural gas is considered by energy experts to be the most promising fossil fuel for the 21st century, and as a matter of fact, the International Energy Agency (IEA introduced for the first time in the 2011 World Energy Outlook a high gas use scenario called the “Golden Age of Gas”. Natural gas is an easy to burn and clean fuel; its proven reserves are large and furthermore, enormous possibilities are offered by unconventional resources. There are anyway some geopolitical concerns in the global gas market, since the most important reserves are concentrated in a limited number of countries; the environmental impacts in the extraction of shale gas should also be taken into account. The paper presents an updated and thorough overview of recent advances and trends in the global gas market, highlighting the role of Europe in the World scenario. Statistical data from the main international reports are presented; economical, geopolitical and especially environmental aspects are presented and discussed.

  20. Electricity and gas market observatory. 3. Quarter 2007; Observatoire des marches de l'electricite et du gaz. 3. trimestre 2007

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1 of July 2007, all customers can choose their gas and electricity suppliers. The present observatory is including residential customer's statistics. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at September 30, 2007, Dynamic analysis: 3. Quarter 2007); The wholesale electricity market (Introduction, Wholesale market activity in France, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on September 30, 2007, Dynamic analysis: 3. Quarter 2007); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary.

  1. Some design lessons from market-based greenhouse gas regulation in the restructured Australian electricity industry

    International Nuclear Information System (INIS)

    MacGill, Iain; Outhred, Hugh; Nolles, Karel

    2006-01-01

    There is growing worldwide interest in the use of market-based policy instruments for climate change regulation in the electricity sector. These mechanisms would seem to offer some efficiency and flexibility advantages over more traditional regulatory approaches, while being highly compatible with competitive market-based electricity industries. Australia has been an early and enthusiastic adopter of both electricity industry restructuring and market-based environmental instruments. This paper first outlines some of these recent policy developments. In particular, we describe the objectives, design and outcomes to date of electricity industry restructuring, the Mandatory Renewable Energy Target, the NSW Greenhouse Benchmarks, the Queensland 13% Gas scheme and Government accredited Green Power. From this, we draw some key design lessons for such market-based instruments. These include the perils of abstraction in scheme design, the vital importance of setting appropriate baselines in 'baseline and credit' schemes, the possibility that such measures may interact in ways that reduce their environmental effectiveness, 'market for lemon' risks with tradable instruments that have measurement, verification or 'additionality' difficulties, and the challenges of creating transparent liquid markets for these mechanisms. The mixed performance of these Australian schemes to date illustrates the need for great care in designing such market-based approaches

  2. The deregulation of electricity and gas markets. The great economic challenges

    International Nuclear Information System (INIS)

    Mirabel, Francois; Guerassimoff, Gilles

    2012-01-01

    As the process of deregulation of electricity and gas markets started in Europe ten years ago, this book aims at recalling and describing the consequences of this evolution, notably for companies which were in a monopoly situation for electricity and gas production, transport, retailing and selling, but also in terms of new entities to be created and of entities having to give up their specialty. The author first presents the economic characteristics of gas and electricity industries in terms of infrastructures and final services, scale, coordination and size of energy networks, of existence of strong externalities in networks, of commitment in public service missions. He describes the background and implementation of this deregulation. He analyses the strategies of companies and how energy markets are controlled: strategies to mitigate competition and to strengthen their market power, firm strategies and public policies, merging strategies, strategies of competition distortion. The last chapter addresses the various priority fields of deregulation: public service missions in a deregulated environment (issues of service continuity and of affordable prices), the environmental constraint in energy market organisation (limitation of CO 2 emissions, promotion of renewable energies, and reduction of energy consumption). In conclusion, the author discusses how to conciliate deregulation and sustainable development of energy

  3. Economics of residential gas furnaces and water heaters in United States new construction market

    Energy Technology Data Exchange (ETDEWEB)

    Lekov, Alex B.; Franco, Victor H.; Wong-Parodi, Gabrielle; McMahon, James E.; Chan, Peter

    2009-05-06

    New single-family home construction represents a significant and important market for the introduction of energy-efficient gas-fired space heating and water-heating equipment. In the new construction market, the choice of furnace and water-heater type is primarily driven by first cost considerations and the availability of power vent and condensing water heaters. Few analysis have been performed to assess the economic impacts of the different combinations of space and water-heating equipment. Thus, equipment is often installed without taking into consideration the potential economic and energy savings of installing space and water-heating equipment combinations. In this study, we use a life-cycle cost analysis that accounts for uncertainty and variability of the analysis inputs to assess the economic benefits of gas furnace and water-heater design combinations. This study accounts not only for the equipment cost but also for the cost of installing, maintaining, repairing, and operating the equipment over its lifetime. Overall, this study, which is focused on US single-family new construction households that install gas furnaces and storage water heaters, finds that installing a condensing or power-vent water heater together with condensing furnace is the most cost-effective option for the majority of these houses. Furthermore, the findings suggest that the new construction residential market could be a target market for the large-scale introduction of a combination of condensing or power-vent water heaters with condensing furnaces.

  4. The recent casualties of gas markets: how to avoid becoming one

    International Nuclear Information System (INIS)

    Gorman, H.A.; Park, J.J.

    1997-01-01

    A list of four recent gas marketing bankruptcies in Canada and their current status was reviewed. In 1996 and in early 1997 some gas marketers found themselves with an open position as a result of insolvency of their suppliers. Consequently, they faced huge losses in a market where commodity prices were rising significantly. A number of practical suggestions to deal with the losses and forestall receivership and/or bankruptcy have been discussed. One of the most important considerations is to protect oneself from the outset, i.e. to arrange for satisfactory security for performance. Dealing only with reputable parties and contracting for short term deals are some of the other measures that a marketer can take in advance. Security for performance was described as the most important issue in gas contracting today. It was seen as the only way to ensure that a company would not have to deal with insolvency problems. The legal implications of bankruptcy and insolvency were also discussed

  5. Report on the electricity market and gas market in Baden-Wuerttemberg 2011/2012. Final Report; Bericht ueber den Strom- und Gasmarkt in Baden-Wuerttemberg 2011/2012. Endbericht

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-12-07

    The first two chapters of this booklet deal with the competition, the market structure and prices on the electricity market and the gas market in Germany and especially in Baden-Wuerttemberg. The third chapter reports on the classification of the electricity market and the gas market in the context of the energy policy and the development of the German electricity foreign trade. The development of the price of electricity and the price of gas is predicted.

  6. Historical study regarding the protection of consumers within the electric energy and natural gas markets

    Directory of Open Access Journals (Sweden)

    Ramona Pîrvu

    2013-06-01

    Full Text Available The supply of electric energy and natural gas is a service of general interest, with a vital importance in satisfying the consumer’s basic needs. The conducted research is descriptive and its main focus is on the study of the field literature, aiming at aspects such as identifying the historic evolution of the electric energy and natural gas markets in Romania, the behaviour of companies operating on these markets and their impact on the consumers’ rights. The research methodology has been established starting from a synthetic analysis of the most recent published studies on the observation of the European policy in the energy field and EU’s efforts to build up a single, competitive market, including two sectors that not long ago were dominated by monopolistic national actors: electric energy and gas. The research methods imply study monitoring and reports as well as forecast analyses regarding the capacity of the Three Energy Packages, once implemented, to support the creation of competitive, transparent and uniformly regulated energy markets within the EU countries, in order to ensure the protection of the consumers of these general interest services. The research has a dual approach, combining quantitative and qualitative elements as well as conducting the analysis of the correlations between the efforts and effects registered in the field of consumer protection. The first section of the article offers conceptual clarifications regarding both the European policy in the energy field and the consumers of general economic services. The second section gives an insight into the energy and gas markets in Romania as well as the main obstacles in the way of their liberalization. The third section presents the efforts made with respect to consumer protection in the field of energy, analyzing the European Directives’ fundamental ideas regarding the protection of consumers and the phase of their embedment into our legislation in order to achieve

  7. The development of natural gas supply costs to Europe, the United States and Japan in a globalizing gas market-Model-based analysis until 2030

    Energy Technology Data Exchange (ETDEWEB)

    Lochner, Stefan [Institute of Energy Economics at the University of Cologne (EWI), Albertus-Magnus-Platz, 50923 Cologne (Germany)], E-mail: Stefan.Lochner@uni-koeln.de; Bothe, David [Frontier Economics Limited, Wolfsstr. 16, 50667 Cologne (Germany)], E-mail: david.bothe@frontier-economics.com

    2009-04-15

    Quickly declining natural gas reserves in some parts of the world, increasing demand in today's major gas consuming regions, the emergence of new demand centres and the globalization of natural gas markets caused by the rising importance of liquefied natural gas (LNG) are changing global gas supply structures and will continue to do so over the next decades. Applying a global gas market model, we produce a forecast for global gas supply to 2030 and determine the supplier-specific long-run average costs of gas supplied to three major consuming regions. Results for the three regions are compared and analysed with a focus on costs, supply diversification and the different roles of LNG. We find that while European and Japanese external gas supply will be less diversified in international comparison, gas can be supplied at relatively low costs due to the regions' favourable locations in geographic proximity to large gas producers. The US market's supply structure on the other hand will significantly change from its current situation. The growing dependency on LNG imports from around the world will lead to significantly higher supply costs but will also increase diversification as gas will originate from an increasing number of LNG exporting countries.

  8. The development of natural gas supply costs to Europe, the United States and Japan in a globalizing gas market. Model-based analysis until 2030

    Energy Technology Data Exchange (ETDEWEB)

    Lochner, Stefan [Institute of Energy Economics at the University of Cologne (EWI), Albertus-Magnus-Platz, 50923 Cologne (Germany); Bothe, David [Frontier Economics Limited, Wolfsstr. 16, 50667 Cologne (Germany)

    2009-04-15

    Quickly declining natural gas reserves in some parts of the world, increasing demand in today's major gas consuming regions, the emergence of new demand centres and the globalization of natural gas markets caused by the rising importance of liquefied natural gas (LNG) are changing global gas supply structures and will continue to do so over the next decades. Applying a global gas market model, we produce a forecast for global gas supply to 2030 and determine the supplier-specific long-run average costs of gas supplied to three major consuming regions. Results for the three regions are compared and analysed with a focus on costs, supply diversification and the different roles of LNG. We find that while European and Japanese external gas supply will be less diversified in international comparison, gas can be supplied at relatively low costs due to the regions' favourable locations in geographic proximity to large gas producers. The US market's supply structure on the other hand will significantly change from its current situation. The growing dependency on LNG imports from around the world will lead to significantly higher supply costs but will also increase diversification as gas will originate from an increasing number of LNG exporting countries. (author)

  9. The development of natural gas supply costs to Europe, the United States and Japan in a globalizing gas market. Model-based analysis until 2030

    International Nuclear Information System (INIS)

    Lochner, Stefan; Bothe, David

    2009-01-01

    Quickly declining natural gas reserves in some parts of the world, increasing demand in today's major gas consuming regions, the emergence of new demand centres and the globalization of natural gas markets caused by the rising importance of liquefied natural gas (LNG) are changing global gas supply structures and will continue to do so over the next decades. Applying a global gas market model, we produce a forecast for global gas supply to 2030 and determine the supplier-specific long-run average costs of gas supplied to three major consuming regions. Results for the three regions are compared and analysed with a focus on costs, supply diversification and the different roles of LNG. We find that while European and Japanese external gas supply will be less diversified in international comparison, gas can be supplied at relatively low costs due to the regions' favourable locations in geographic proximity to large gas producers. The US market's supply structure on the other hand will significantly change from its current situation. The growing dependency on LNG imports from around the world will lead to significantly higher supply costs but will also increase diversification as gas will originate from an increasing number of LNG exporting countries. (author)

  10. Natural gas in Central Asia: industries, markets and export options of Kazakstan, Turkmenistan and Uzbekistan

    International Nuclear Information System (INIS)

    Miyamoto, Akira.

    1997-01-01

    Central Asia contains some of the world''s great gas resources, but their development has been impeded by the political uncertainty following the break-up of the Soviet Union, and the complexities of getting the gas out -whether west through Russia, southwest through Iran to Turkey and other European markets, or south and east to the expanding Asian economies. This comprehensive study examines the resources, industries, and recent developments in three major gas resource countries in Central Asia - Kazakhstan, Turkmenistan and Uzbekistan. The report assesses the strategies likely to be taken by the Central Asian gas industries and governments, especially with regard to export possibilities including pipeline routing and construction issues. (author)

  11. The potential of gas-to-liquid technology in the energy market: The case of Qatar

    International Nuclear Information System (INIS)

    Chedid, R.; Kobrosly, M.; Ghajar, R.

    2007-01-01

    This paper presents a comprehensive methodology for evaluating the economic attractiveness of gas-to-liquid (GTL) technology in a gas rich country like Qatar. The Qatari gas volume needed to fully satisfy the projected long-term market demand of GTL products (mainly diesel oil) in the Asia-Pacific region is evaluated. Based on the state-of-the-art GTL technology, the number, size and the commissioning dates of GTL plants required for that purpose are determined along with the associated investment and running costs. The economic attractiveness of GTL investment is evaluated based on the internal rate of return, and the impact of adopting large-scale GTL projects on Qatar oil refining industry is assessed. Sensitivity analyses are conducted using several scenarios to account for variations in GTL premium, capital cost, operation and maintenance cost and cost of gas feedstock. (author)

  12. Gas Regional Initiative. North West Regional Energy Market. Transmission Transparency Project. First Implementation Report

    International Nuclear Information System (INIS)

    2008-07-01

    The purpose of this report is to comment on the implementation of the TSO Transmission Transparency Project. In December 2007 sixteen TSOs presented a project plan which committed them to publishing information on capacity availability and gas flows at crossborder interconnection points in the North-West gas region. The data types to be published were agreed between TSOs and network users. It was agreed that TSOs would release new information on capacity and actual gas flows at crossborder interconnection points. The TSOs have committed to publishing the agreed information by three project milestones May, September or December 2008. At the end of May 2008 the TSOs submitted initial data to Ofgem (Office of the Gas and Electricity Markets) on implementation. This report presents the data submitted by the TSOs, provides comment on implementation progress and explains the next steps. This report does not approve or guarantee the accuracy of the data submitted by TSOs

  13. The operation of French electric power and natural gas retail markets - Report 2014-2015. Report 2015 by the CRE on the operation of French electricity and natural gas markets - Press file

    International Nuclear Information System (INIS)

    Monteil, Anne; Casadei, Cecile

    2015-11-01

    After a presentation of some key figures illustrating the French electricity and natural gas markets (customers, number of providers, and so on), and an executive summary, this voluminous report proposes a presentation of CRE's missions regarding the survey and control of retail markets, and of the methodology adopted to survey retail markets, and a recall of the main steps of electricity market and natural gas market opening. Then, it its first chapter, the report proposes a detailed picture and analysis by the end of 2014 for the electricity retail market, for the natural gas retail market, and a discussion about key process follow-up and power cut-off for unpaid bills. The second chapter addresses supplies and prices. It analyses the levels and evolutions of electricity regulated tariffs, of regulated tariffs for gas sales, and of the various market supplies. The third chapter addresses issues related to competition and to the operation of the retail market: the end of sales regulated tariffs, general framework for the survey of providers' practices, provider price practices, analysis of commercial practices implemented by providers, evolutions of the competitive environment on the retail market. An appendix briefly addresses retail markets and regulated tariffs in Europe. A second report proposes a more synthetic presentation which is used as a press file, proposes an executive summary, and addresses the following issues: status of competition (key data for 2014 and 2015), the end of sales regulated tariffs for professionals as a major step of market opening to competition, favourable regulatory context and market price leading to an intensified competition on the residential market, the preferred market supplies for residential consumers, comparison between fixed price and regulated tariffs, an almost non-existent opening in the competition of local distribution utilities, and regulated tariffs in Europe

  14. Ensuring effective and efficient forward gas markets: a report to the DTI [Department of Trade and Industry

    International Nuclear Information System (INIS)

    2005-01-01

    This Report was commissioned by the DTI to: review the workings of the UK forward market for gas; analyse forward prices seen over recent months; identify any material imperfections in the forward market; assess how the situation is likely to develop as a matter of course; and to bring forward recommendations capable of being implemented in the near-term as to how any such imperfections could be addressed. The task was approached from two directions: First, we brought to bear a wide range of technical methods, theoretical considerations and yardsticks that have been developed over many years of study of competitive commodity markets and forward markets worldwide. Using the analytic tools appropriate to the task, we processed the extensive data available on the UK gas market from the last decade to form a range of technical conclusions on the dynamics of the market. In parallel with this quantitative exercise, we interviewed 30 different market participants of widely varying profiles and market roles. The report is in two parts: Part A, in which we describe forward markets and their characteristics in general; analyse the workings of the UK gas forward market and identify issues that arise from the events of the past 12 months; and consider in detail whether market distortions are present as a consequence of the actions of any of the categories of market participants, or the structure of the gas market itself. We then consider forward price formation: first, in respect of whether forward prices for forthcoming winters can be justified as reflecting buyers' rational valuations for hedges; and second, in respect of the extreme events of October 2004 which have thus far lacked a compelling explanation. Part B, in which we consider the drivers of forward market prices, the outlook for their evolution in the medium term and the consequences of this for the market; and then make recommendations to improve the efficiency of the forward market in the near-term and end

  15. Annual survey on the natural gas market: 2008 main results; Enquete annuelle sur le marche du gaz naturel: principaux resultats 2008

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-09-15

    This document presents and briefly comments the main data of the natural gas market in France in 2008: gas production, gas transit (entry points receiving gas from various origins and export points to Spain and Switzerland), gas storage, gas distribution, gas sales in the different French regions and to different kinds of customers or industries.

  16. Electricity and gas market observatory. 4. Quarter 2007; Observatoire des marches de l'electricite et du gaz 4. trimestre 2007

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1. of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at December 31, 2007, Dynamic analysis: 4. Quarter 2007); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market, Striking fact of the fourth quarter 2007); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on December 31. 2007, Dynamic analysis: 4. Quarter 2007); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France, Striking fact of the fourth quarter 2007); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary.

  17. Electricity and gas market observatory. 2. Quarter 2008; Observatoire des marches de l'electricite et du gaz 2. trimestre 2008

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1 of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at June 30, 2008, Dynamic analysis: 2. Quarter 2008); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on June 30, 2008, Dynamic analysis: 2. Quarter 2008); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary.

  18. Electricity and gas market observatory. 1. Quarter 2008; Observatoire des marches de l'electricite et du gaz 1. trimestre 2008

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1. of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at March 31, 2007, Dynamic analysis: 1. Quarter 2008); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on March 31, 2008, Dynamic analysis: 1. Quarter 2008); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France, Striking fact of the first quarter 2008); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary.

  19. Electricity and gas market observatory. 3. Quarter 2008; Observatoire des marches de l'electricite et du gaz 3. trimestre 2008

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    The purpose of the observatory is to provide the general public with indicators for monitoring market deregulation. It both covers the wholesale and retail electricity and gas markets in Metropolitan France. This observatory is updated every three months and data are available on CRE web site (www.cre.fr). Since the 1 of July 2007, all customers can choose their gas and electricity suppliers. Content: A - The electricity market: The retail electricity market (Introduction, Customer segments and their respective weight, Status at September 30, 2008, Dynamic analysis: 3. Quarter 2008); The wholesale electricity market (Introduction, Wholesale market activity in France, Prices on the French wholesale market and European comparison, Import and export volumes, Concentration of the French electricity market); B - The gas market: The retail gas market (Introduction, Customer segments and their respective weight, Status on September 30, 2008, Dynamic analysis: 3. Quarter 2008); The wholesale gas market (Gas pricing and gas markets in Europe, The wholesale market in France); C - Appendices: Electricity and gas market observatories combined glossary, Specific electricity market observatory glossary, Specific gas market observatory glossary.

  20. Trigger Factor-Induced Nascent Chain Dynamics Changes Suggest Two Different Chaperone-Nascent Chain Interactions during Translation.

    Science.gov (United States)

    Koubek, Jiří; Chang, Yi-Che; Yang, Sunny Yao-Chen; Huang, Joseph Jen-Tse

    2017-06-02

    Protein biogenesis is poorly understood due to the ribosome that perturbs measurement attempted on the ribosome-bound nascent chain (RNC). Investigating nascent chain dynamics may provide invaluable insight into the co-translational processes such as structure formation or interaction with a chaperone [e.g., the bacterial trigger factor (TF)]. In this study, we aim to establish a platform for studying nascent chain dynamics by exploring the local environment near the fluorescent dye on site-specifically labeled RNCs with time-resolved fluorescence anisotropy. To prepare a quantitative model of fluorescence depolarization, we utilized intrinsically disordered protein bound to ribosome, which helped us couple the sub-nanosecond depolarization with the motion of the nascent chain backbone. This was consistent with zinc-finger-domain-containing RNCs, where the extent of sub-nanosecond motion decreased upon the addition of zinc when the fluorophore was in close proximity of the domain. After the characterization of disordered nascent chain dynamics, we investigated the synthesis of a model cytosolic protein, Entner-Doudoroff aldolase, labeled at different sites during various stages of translation. Depending on the stage of translation, the addition of the TF to the nascent chain led to two different responses in the nascent chain dynamics serendipitously, suggesting steric hindrance between the nascent chain and the chaperone as a mechanism for TF dissociation from the ribosome during translation. Overall, our study demonstrates the possible use of site-specific labeling and time-resolved anisotropy to gain insight on chaperone binding event at various stages of translation and hints on TF co-translational mechanism. Copyright © 2017 Elsevier Ltd. All rights reserved.