Coal Rediscovered

1985 ◽  
Author(s):  
Jon C. Wilda ◽  
Mark C. Elizer
Keyword(s):  
Natural Gas ◽  
Oil Prices ◽  
Alternative Fuel ◽  
Development Work ◽  
Coal Slurry ◽  
Recent Experience ◽  
Natural Gas Prices ◽  
Oil Mixtures ◽  
Conventional Fuel

Despite recent experience in petroleum markets, future oil prices and availability are still major uncertainties that can have significant impact on energy users. Natural gas prices have also seen continual escalation. In COMCO’s coal-based alternative fuel development work, we have taken a long-term outlook, namely that the only sensible fuel strategy for utility and industrial users continues to be the increased utilization of coal. Coal slurry fuels, such as coal-oil mixtures and coal-water mixtures, represent a way for energy users with existing conventional fuel-fired equipment to increase coal utilization without replacing those facilities with costly new coal-fired systems. Paper published with permission.

Turkmenistan is ill-equipped to adapt to low gas price

2017 ◽  
Keyword(s):  
Natural Gas ◽  
Content Type ◽  
Foreign Partner ◽  
Defence Spending ◽  
Natural Gas Prices ◽  
The Government ◽  
Gas Price

Subject Shortages in Turkmenistan despite gas wealth. Significance Despite predictions of more than 6% growth, the Turkmen economy has been hard hit by the decline in natural gas prices since 2014. News of food running out in the shops and cash becoming less available suggests the government is not coping well. Turkmenistan only has one gas customer, China, and the revenues are going partly to offset debt. Impacts The government may have to solicit IMF advice and Russian assistance but will be reluctant to accept their terms. Turkey, a long-term commercial and political friend, may be the most appealing foreign partner. Any upsurge in conflict along the border with Afghanistan will alarm the government and prompt higher defence spending.

Investigation of the price linkage between Asian LNG spot and Far East Asian LNG prices and its implications

2018 ◽  
Vol 1 (1) ◽  
pp. 52-65
Author(s):  
Muhammad Anas Pradipta
Keyword(s):  
Natural Gas ◽  
Unit Root ◽  
East Asian ◽  
Far East ◽  
Unit Root Tests ◽  
Spot Prices ◽  
South Korean ◽  
Natural Gas Prices ◽  
Augmented Dickey Fuller

For so many times, Far East Asian liquid natural gas (LNG) buyers have been using price linked to crude oil-indexed, now they need to find another alternative pricing formula for their crucial energy supply as a better price structure that could reflect the market is needed. LNG spot price is expected to be the pillar for the future LNG trading, especially for Far East Asia Market. As less and less long-term contracts are signed in the Far East Asia Market, this creates an additional demand for the LNG in the spot market, while it raises some issues about the presence of different LNG pricing mechanisms. Most of the LNG spot prices in Asia are indexed to the relatively low natural gas prices in Atlantic Basin. Furthermore, the advancement of drilling technology in the US drives down its natural gas prices, resulting in price discrepancies between Asian LNG spot and East Asian LNG prices. This study investigates whether there is a price linkage between Asian LNG spot and East Asian LNG prices. This study comprehends 91 observations collected from January 2010 to July 2017. Johansen co-integration tests were carried out to examine the existence of long-run relationship on the spot, Japanese and South Korean LNG prices. The Augmented Dickey-Fuller (ADF), Phillip-Perron (PP), and Kwiatkowski-Phillips-Schmidt-Shin (KPSS) unit root tests were conducted first before proceeding to the co-integration tests. The results showed that Asian LNG spot prices did not have price linkage for monthly averages of Japanese and South Korean LNG prices. The analyses also indicated that Taiwan LNG markets move together with Asian LNG spot markets. As a conclusion, the results inferred that supply dependency on LNG spot cargoes governed the price linkage among these Asian LNG markets. The use of gas indexed LNG price mechanism did not reflect the economic fundamentals in Asia-Pacific Basin. JEL Classification: Q41Keywords: Price linkage, Johansen co-integration, augmented Dickey-Fuller, Phillip-Perron, and Kwiatkowski-Phillips-Schmidt-Shin, unit root tests, Far East Asian LNG spot prices, LNG spot and short-term cargoes, long-term contracts, spot prices, energy: demand and supply, prices

Gas Developments in Europe

1987 ◽  
Vol 5 (1) ◽  
pp. 79-94
Author(s):  
D. J. Wright
Keyword(s):  
Natural Gas ◽  
Acid Rain ◽  
North Sea ◽  
Oil Prices ◽  
European Countries ◽  
Marketing System ◽  
Short Term ◽  
The Impact ◽  
Gas Supply

Natural gas is an important component of the European energy mix and the impact of North Sea developments will assure substantial supplies for the future. In European countries, indexing gas prices has meant that in periods of declining oil prices gas has been uncompetitive and short-term prospects have been constrained. In the long term the Troll / Sleipner development will transform the European gas supply and encourage more extensive use both residentially and industrially. Some antinuclear sentiment and endeavours to deal with the acid rain problem could encourage gas use in the long term. European gas sales would be helped by a more flexible marketing system and a de-indexed pricing mechanism.

Will Natural Gas Prices Decouple From Oil Prices Across the Pond?

2011 ◽  
Vol 11 (143) ◽  
pp. 1 ◽  
Author(s):  
International Monetary Fund
Keyword(s):  
Natural Gas ◽  
Oil Prices ◽  
Natural Gas Prices

AUSTRALIAN NATURAL GAS PRICES — WELLHEAD TO CONSUMER

1989 ◽  
Vol 29 (1) ◽  
pp. 19
Author(s):  
B.P. McCaul
Keyword(s):  
Natural Gas ◽  
Great Influence ◽  
Fuel Oil ◽  
State Governments ◽  
Long Distance ◽  
Initial Cost ◽  
Wide Range ◽  
Natural Gas Prices ◽  
Available Information

Natural gas prices to producers in all states of Australia, except Victoria, have moved closer together during the 1980s as the industry has matured. Where significant differences exist in city gate prices, they are caused by wide- ranging transmission tariffs related directly to the initial cost and the length and the volume carried in the respective pipelines.Gas utilities in some states had a great influence on the natural gas pricing structure to consumers during the 1970s, when alternative fuel oil prices rose dramatically and long- term, low- price gas purchase contracts were in place. State governments have moved during the 1980s, however, to replace the utilities as the greatest influence in the pricing chain from wellhead to consumer.With the notable exception of Victoria, producers in most states in recent years have gained a fairer, higher proportion of the end- consumer price. Gas markets to a major degree are now committed Australia wide.Confidentiality and complex pricing philosophies make it sometimes difficult to see clearly the wellhead to consumer pricing structure. However, available information can be analysed and compared to deduce the national scenario with fair accuracy. The wide range of prices to consumers reflects the fact that major industrial customers underpin the development economics of high- cost long- distance transmission lines.The abundance of gas in Australia, both onshore and offshore, makes new uses essential to optimise the industry's potential.

LNG - PAST, PRESENT AND FUTURE

1999 ◽  
Vol 39 (1) ◽  
pp. 671
Author(s):  
P.F. Dighton
Keyword(s):  
Natural Gas ◽  
Emerging Markets ◽  
Oil Prices ◽  
Intense Competition ◽  
Sales Contracts ◽  
Quantum Leap ◽  
Merchant Shipping ◽  
The Impact ◽  
Strong Relationships

The first 30 years of LNG export witnessed the development of large movements of natural gas between countries, underpinned by long-term sales contracts and strong relationships. Now the industry has matured, but is faced with the quantum leap of achieving commoditisation of LNG. This would require a break away from long-term contractual ties and the emergence of merchant shipping and merchant plant. This paper examines this trend and the impact upon future Australian exports in the context of emerging markets, low oil prices and intense competition.

Sign in / Sign up

Export Citation Format

Share Document