Komlev / Satinsky Foundations of Natural Gas Price Formation

Misunderstandings Jeopardizing the Future of the Industry
1. Auflage 2020
ISBN: 978-1-78527-340-7
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 158 Seiten, Format (B × H): 153 mm x 229 mm, Gewicht: 454 g

‘Foundations of Natural Gas Price Formation’ examines the fundamentals of natural gas price formation and the five principal features that make it unique in the world of commodities. It presents a model of hybrid gas pricing developed by Sergei Komlev from his detailed analysis of the interlinked impact of these features that is presented as a corrective to potential market failure. Using mainstream economic theory, the book presents hybrid-pricing mechanisms not previously analyzed. Through a failure to understand the role of hybrid-pricing, boosters of spot pricing mechanisms 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-term 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.

Autoren/Hrsg.

Komlev, Sergei

Satinsky, Daniel

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Studien zu einzelnen Ländern und Gebieten
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Energie- & Versorgungswirtschaft

Inhaltsverzeichnis

Preface; 1. What Makes Natural Gas Unique and How It Affects Pricing; 2. Role of Gas-on-Substitute Competition in Natural Gas; 3. Hybrid Pricing Mechanisms and How They Affect Price Levels; 4. Natural Gas as Waste Product of Oil and Liquids Extraction; 5. Natural Gas as a Financial Asset; 6. Pricing for Natural Gas and Investment Cycle; 7. Market Structures Affecting Gas-on-Gas Competition; 8. Pricing and Competition with Renewable Energy; Conclusion; Index.

Über Autor(innen)

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.