{"product_id":"foundations-of-natural-gas-price-formation-by-sergei-komlev-9781785273384","title":"Foundations of Natural Gas Price Formation","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eNatural 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.\u003c\/p\u003e\n\n\u003cp\u003eGiven 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.\u003c\/p\u003e\n\n\u003cp\u003eIn addressing the critical balancing role of natural gas pricing, \u003cem\u003eFoundations of Natural Gas Price Formation\u003c\/em\u003e 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.\u003c\/p\u003e\n\n\u003cp\u003eThe 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. \u003cem\u003eFoundations of Natural Gas Price Formation\u003c\/em\u003e defends the system of oil-indexed pricing as an accurate, market-based mechanism that has stood the test of time.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":47596431573228,"sku":"9781785273384","price":150.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9781785273384-foundations-of-natural-gas-price-formation.jpg?v=1777925175","url":"https:\/\/bookhero.co.nz\/products\/foundations-of-natural-gas-price-formation-by-sergei-komlev-9781785273384","provider":"Book Hero","version":"1.0","type":"link"}