Étiqueté : natural gas market

European gas hubs price correlation: barriers to convergence?

With survey data from the IGU and others continuing to demonstrate the continuing widespread adoption of hub pricing for European gas, and trading volumes growing strongly overall, this paper revisits the issue of hub price correlation.  Following from her ground-breaking paper of October 2013 where for the first time in the public domain the analysis of OTC trading data revealed strong trends towards price convergence at the European gas trading hubs, Beatrice Petrovich in this paper extends the analysis with data to October 2013.

The potential impact on Asia gas markets of Russia’s Eastern gas strategy

Russia possesses the potential to produce significant gas from its Eastern Regions, with total proved reserves in East Siberia and the Far East of Russia standing at 5 trillion cubic metres (Tcm) while prospective resources could be as large as 65Tcm. This would appear to give Russia a huge opportunity for export sales into the Asia Pacific region, which contains the world’s largest LNG importing nations and two of the world’s fastest growing gas markets in China and India (also importers of LNG)…

The EU third package for gas and the gas target model

Katja Yafimava’s paper details this evolving landscape and sets out the key debates on issues of capacity allocation and congestion management. The paper’s secondary focus is the impact on Russia, as the main external supplier of gas to Europe, and in particular the impact on Gazprom’s existing supply and capacity contracts and its plans to build extensive new pipeline capacity for exports to Europe.

The transition to hub-based pricing in Continental Europe: A response to Sergei Komlev of Gazprom Export

This Oxford energy comment is a response to a paper by Sergei Komlev, from the Contract Structuring and Pricing Directorate of Gazprom Export, which challenged the conclusions of previous OIES research on European gas pricing and suggested that we had “refused to engage constructively with those who offer opposing viewpoints.” In this comment, Jonathan Stern and Howard Rogers set out the differences between their research and that of Sergei Komlev and respond to his criticisms.

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