Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2017-07-07 08:00:00

GAS PRICES DOWN

GAS PRICES DOWN

NATURAL GAS PRICES JULY 2016 - JULY 2017

NATURAL GAS PRICES JULY 2012 - JULY 2017

PLATTS, BLOOMBERG The share of gas-on-gas price formation in European natural gas consumption stood at 66% in 2016, up from 64% the year before, as oil indexed gas prices continue to lose favor, according to the latest International Gas Union price report published Wednesday. 

In the report -- trailed in May at the Flame conference in Amsterdam -- the IGU also confirmed that the average global wholesale gas price averaged just $3.35/MMBtu in 2016, the lowest price in any survey done by the IGU since it started in 2005. 

European buyers of gas are increasingly pushing for more gas hub-indexed pricing at the expense of the traditional oil-indexed contract gas from suppliers such as Russia and Algeria. 

Norway's Statoil has shifted almost entirely to hub-indexed gas in its sales contracts, though Gazprom continues to laud oil indexation as a fair way to price gas. 

In Northwest Europe -- Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands and the UK -- the share of gas-on-gas priced consumption was 91% in 2016, down from 92% the year before, the IGU said. 

While a slight dip, it is still by far the largest share and is up from just 27% in 2005. 

Elsewhere, gas-on-gas pricing surged as some long-term import contracts ended and buyers renegotiated their import agreements to include more hub pricing. 

In Central Europe -- Austria, the Czech Republic, Hungary, Poland, Slovakia and Switzerland -- gas-on-gas pricing increased its share of demand to 58% last year from 56%. 

And in Scandinavia -- Estonia, Finland, Latvia, Lithuania, Norway and Sweden -- the share of gas-on-gas pricing soared to 46% in 2016 from just 15% the year before. 

But oil indexation is still the main pricing mechanism across the Mediterranean region, and actually registered a slight increase in Europe as a whole to 29.9% of the total consumption due to shifts in gas pricing strategy in Turkey, the IGU said. 

That compares with 29.6% in 2015. 

"Oil indexation increased at the expense of bilateral monopoly pricing in LNG price formation in Turkey," it said. "Oil dominates still in Mediterranean -- Spain and Turkey -- and has a 32% share in Southeast Europe." 

GLOBAL PRICING 

Oil indexation continues to hold firm elsewhere in the world. 

According to the IGU survey, oil indexed gas demand accounted for 20% of the total, 1.5 percentage points higher than in 2015. 

"[This] reflected a small rise in Europe at the expense of bilateral monopoly in Turkey, but principally in Asia and Asia Pacific, as the share in LNG imports increased," it said. 

The increase also reflected a rise in domestic production in China, as the full-year effect of the change in city-gate pricing came through. 

Regulated pricing formation still dominates elsewhere, including in the former Soviet Union, Africa and the Middle East. 

Gas-on-gas pricing has the largest share of global demand at 44%, totalling around 1,614 Bcm, dominated by North America at 963 Bcm, followed by Europe at some 344 Bcm and the former Soviet Union at 155 Bcm, the IGU said. 

"In all gas-on-gas pricing can now be found in some 52 countries, in one form or another, and in all regions," it said. 

The oil indexed share at 20% totals around 726 Bcm and is predominantly Asia Pacific (250 Bcm), Asia (229 Bcm) and Europe (157 Bcm). 

"It is widespread being found in some 61 countries, including virtually every country in Europe, and in all regions except North America." 

----- 

Earlier: 

EU GAS PRICES DOWN 

MODEST OIL GAS PRICES 

GAS PRICE: $3.020 

GAS PRICES FORECAST UP $0.15 

GAS PRICES: ABOVE $3.2 

GAS PRICES: ABOVE $2.9 

GAS PRICES: ABOVE $3.1/MMBTU

 

 

Tags: GAS, PRICE

Chronicle:

GAS PRICES DOWN
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

GAS PRICES DOWN
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

GAS PRICES DOWN
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

GAS PRICES DOWN
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

All Publications »