Foundations of Natural Gas Price Formation

Name: Foundations of Natural Gas Price Formation
Brand: NewSouth Books
SKU: 9781785273384
Price: 150.0 NZD
Availability: InStock

Misunderstandings Jeopardizing the Future of the Industry

By Sergei Komlev

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Summary

Foundations of Natural Gas Price Formation provides a comprehensive analysis of how natural gas prices are determined, emphasising its crucial role as a transitional energy source. The book explores the unique hybrid pricing system of natural gas, contrasts oil-indexed pricing with spot market approaches, and highlights the risks of abandoning established long-term contracts. It argues for the continued relevance of oil-indexed pricing mechanisms as stable and market-based solutions that support sustainable investment in the industry.
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Format: Hardback

$150⁰⁰

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Foundations of Natural Gas Price Formation

$150⁰⁰

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is suited for energy economists, industry professionals, policy makers, and academics interested in the economics of natural gas markets and energy transition strategies.

'Foundations of Natural Gas Price Formation' analyzes market pricing for natural gas as a unique and controversially priced commodity. Natural gas is a critical foundational fuel that will not be supplemented by renewables for many years. Sergei Komlev explains why and how correct market price signals are critical to avoiding potential market failure.

In-depth analysis of the fundamentals of natural gas price formation

Description

Natural gas pricing should be as critically important to the general public as it is to industry specialists. Pricing is the basis of balancing the interests of European and Asian consumers of power and electricity with those of the limited number of potential suppliers of natural gas.

Given that natural gas is a foundational transition fuel source that will not be supplanted by renewals for many, many years, the consequences of market failure from incorrect pricing mechanisms could result in the industry missing the new investment cycle.

In addressing the critical balancing role of natural gas pricing, Foundations of Natural Gas Price Formation presents an in-depth analysis of the fundamentals of natural gas price formation and outlines the distinctive characteristics of natural gas that make it a unique commodity. It examines the specific factors underpinning gas pricing that result in a hybrid pricing system special to natural gas.

The book argues that the patrons of spot pricing through gas hubs are promoting an incorrect understanding of gas markets that will lead to market failure and to potential critical supply shortages in the near future. Foundations of Natural Gas Price Formation defends the system of oil-indexed pricing as an accurate, market-based mechanism that has stood the test of time.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Experts commend the book for its thorough explanation of natural gas pricing complexities and for defending oil-linked price systems. Dr Thierry Bros praises it as essential reading to grasp gas's role in energy transition, while Dr Rouben Indjikiyan highlights its clarity in showing how oil indexation helps reduce price volatility and foster supply chain investment.

Book Details

INFORMATION

ISBN: 9781785273384

Publisher: Anthem Press

Format: Hardback

Date Published: 25 September 2020

Country: United Kingdom

Imprint: Anthem Press

Contributors:

Edited by Daniel Satinsky

Audience: Professional and scholarly

DIMENSIONS

Spine width: 26.0mm

Width: 153.0mm

Height: 229.0mm

Weight: 454g

Pages: 158

Collections

Education & Reference Non-Fiction Politics & Current Affairs Science & Nature Sergei Komlev

About the Author

Sergei Komlev, head of Contract Structuring and Price Formation Directorate at Gazprom Export, is a well-recognized name in the European natural gas industry and a frequent participant in international gas conferences.

Daniel Satinsky, attorney, author and independent scholar, has collaborated with Sergei Komlev for more than 25 years in presenting his ideas to English-speaking audiences.