scholarly journals Effects of the Henry Hub Price on U.S. LNG Exports and on Gas Flows in Western Europe

Gases ◽  
2021 ◽  
Vol 1 (2) ◽  
pp. 68-79
Author(s):  
Maik Günther ◽  
Volker Nissen
Keyword(s):  
Natural Gas ◽  
Value Chain ◽  
Western Europe ◽  
Fossil Fuels ◽  
Growth Potential ◽  
Market Model ◽  
Gas Flows ◽  
Gas Market ◽  
Gas Price ◽  
The U.S

Natural gas plays an important role in energy supply, and its fields of application are diverse. However, the world’s largest growth potential among fossil fuels is attributed to liquefied natural gas (LNG). In the last few years, the U.S. rapidly increased LNG exports, and it is expected that they will further increase the liquefaction capacities. The cost of the LNG value chain is composed of the natural gas price in the country of origin, and the LNG process costs for liquefaction, transportation, storage, and regasification. Thus, the Henry Hub (HH) price in the U.S. is important for U.S. LNG exports to Western Europe. In this paper, gas flows in Western Europe at the beginning of the 2030s are analyzed if the price at HH is higher or lower than expected. Furthermore, the effect of the HH price on monthly U.S. LNG exports are studied. For the calculations, the global gas market model WEGA is used. The results reveal that the price at HH has a significant effect on annual gas flows in Western Europe and also on U.S. LNG exports during the summer. Furthermore, it is shown that pipeline gas in Western Europe will absorb fluctuations of U.S. LNG exports between the presented scenarios.

scholarly journals Carbon Tax on Three Fossil Fuels

2019 ◽  
Vol 4 (2) ◽  
pp. 130-142
Author(s):  
James Stodder
Keyword(s):  
Natural Gas ◽  
Carbon Footprint ◽  
Fossil Fuels ◽  
Fossil Fuel ◽  
Carbon Tax ◽  
Tax Burden ◽  
Vector Auto Regression ◽  
Price Instability ◽  
Gas Price ◽  
Auto Regression

Carbon pricing will make Natural Gas the last fossil fuel. As is well-known, the carbon footprint of Oil is half-again as large, and the footprint of Coal is twice as large as that of Gas. Price sensitivities also imply that Gas producers bear relatively little of the total tax burden. As a result of the smaller tax on Gas, structured vector auto-regression (SVAR) simulations of a carbon tax show demand for Oil falling, with a rush for natural Gas. These simulations show that a modest ($40 per metric ton) carbon tax can be introduced gradually, avoiding price instability and achieving greater substitution into Gas than a tax ‘shock.’

scholarly journals INDIA GAS EXCHANGE TODAY’S REALITY AND PATH AHEAD

2021 ◽  
Vol 10 (1) ◽  
pp. 31-51
Author(s):  
C.S. Divyesh Patel ◽  
Naresh K. Patel
Keyword(s):  
Gas Exchange ◽  
Natural Gas ◽  
Value Chain ◽  
Free Market ◽  
Gas Production ◽  
Exploratory Research ◽  
Price Mechanism ◽  
Robust Solution ◽  
Operational Mechanism ◽  
Gas Market

This research aims to study structure, functioning and operational mechanism of India’s first gas exchange i.e. Indian Gas Exchange (IGX) which is a subsidiary of Indian Energy Exchange (IEX). Exploratory research is used to study and investigate conceptual framework and operational mechanism of IGX. The results of the study show that IEX has unveiled the nation’s first automated natural gas exchange trading platform called IGX for well organized and hefty Gas market and to stimulate gas trading in the country. IGX would lead India towards Gas Based Economy by designing and providing robust solution for natural gas trading and access. So far as price mechanism at IGX is concerned, it is dynamic and market driven which is based on Double-sided closed auction with uniform price mechanism. IGX plays an extremely important and fundamental role towards capitalizing a free market for gas. Clearing and Settlement system at IGX is structured and transparent. As IGX is purely electronic trading platform for natural gas which is considered as barometer of the India’s progressive policy as it integrates the entire energy value chain from gas production.

Gas Market Developments in Western Europe

1988 ◽  
Vol 6 (4-5) ◽  
pp. 342-360 ◽  
Author(s):  
Peter R. Odell
Keyword(s):  
Soviet Union ◽  
Natural Gas ◽  
North Sea ◽  
Western Europe ◽  
Domestic Demand ◽  
Energy Market ◽  
Coal Gas ◽  
The Soviet Union ◽  
Gas Markets ◽  
Gas Market

Prospects for the European gas markets are excellent because North Sea reserves are extensive, the distance to markets small and the latent domestic demand to replace uneconomic coal gas. Nevertheless, expansion in the gas trade has been modest because the industry has not been sufficiently assertive to dispel misconceptions about the adequecy of supply and to deal with pressures from competing energy interests. Increasing rivalry between suppliers can only lead to greater sales effort and the creation of demand, particularly for non-traditional end-users. Expansion of European gas markets could be drastically increased through greater efforts by the Soviet Union to export. This could only happen with price competitiveness that would significantly expand gas markets. There is every reason to expect that the natural gas share of the European energy market would continue to grow until it was the single most important component of western Europe's supply of energy.

CONTROL DE PARÁMETROS OPERATIVOS PARA OPTIMIZAR EL FUNCIONAMIENTO DE LA RED PRINCIPAL DE TRANSPORTE Y DE DISTRIBUCIÓN DE GAS NATURAL SECO DEL PROYECTO CAMISEA I THE CONTROL OF OPERATIONAL PARAMETERS TO GET AN EFFICIENT PERFORMANCE OF THE MAIN NET OF TRANSPORT AND DISTRIBUTION OF DRY NATURAL GAS OF CAMISEA I PROJECT

2017 ◽  
Vol 24 (2) ◽  
pp. 78
Author(s):  
Víctor Alfredo Aybar Chávez
Keyword(s):  
Natural Gas ◽  
Value Chain ◽  
Operational Reliability ◽  
Free Access ◽  
Operational Parameters ◽  
Efficient Performance ◽  
Piping Systems ◽  
Gas Market ◽  
And Performance ◽  
La Red

Los sistemas actuales de transporte y distribución de gas natural seco correspondientes al proyecto Camisea I, mueven millones de pies cúbicos diarios de este hidrocarburo; su capacidad y confiabilidad operativa repercuten en el consumidor final. La operación o el funcionamiento adecuado de ellos permiten obtener un aprovechamiento eficiente de este recurso. El trabajo tiene como objetivo demostrar que, a través del control sobre determinados parámetros operativos (específicamente, valores de presión y flujos de consumo de gas en puntos clave del sistema), es posible obtener un funcionamiento eficiente de la red principal (representado por el consumo de combustible de las estaciones de compresión). Todo ello, garantizando el libre acceso de los usuarios y cumpliendo con las condiciones contractuales entre los miembros que conforman la cadena de valor del gas. Palabras clave.- Gas natural, Transporte, Distribución, Optimización, Modelo, Costos mínimos, Presión, Flujo. ABSTRACTCurrent piping systems for transportation and distribution of dry natural gas in the Camisea I, project, involve the movement of millions of cubic feet of natural gas daily. Their capacity and operational reliability affect the final consumers. Their adequate operation and performance allows obtaining an efficient use of this resource. The objective of this work is to demonstrate that, through the control of certain operational parameters (specifically, values of pressure and flow of gas consumption in key points of the system), it's possible to get an efficient performance of the net (represented by users fuel consumption of the compressor stations). All of this, assumes free access of the users, and complying with contractual conditions among the members that conform the value chain of gas market. Keywords.-Natural gas, Transportation, Distribution, Optimization, Model, Minimum costs, Pressure, Flux.

Does the shale gas boom change the natural gas price-production relationship? Evidence from the U.S. market

2019 ◽  
pp. 104327 ◽  
Author(s):  
Gen-Fu Feng ◽  
Quan-Jing Wang ◽  
Yin Chu ◽  
Jun Wen ◽  
Chun-Ping Chang
Keyword(s):  
Natural Gas ◽  
Shale Gas ◽  
Gas Price ◽  
The U.S
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