Natural gas markets and lessons learned / / E. K. Cho, editor

• Pubblicazione: New York, : Nova Science Publishers, c2010
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (154 p.)
• Soggetto topico: Gas industry - United States; Gas industry - Prices - United States; Energy consumption - United States; Gas industry - Government policy - United States
• Altri autori: ChoE. K
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- NATURAL GAS MARKETS AND LESSONS LEARNED -- NATURAL GAS MARKETS AND LESSONS LEARNED -- CONTENTS -- PREFACE -- Chapter 1 2008 STATE OF THE MARKETS REPORT -- EXECUTIVE SUMMARY AND OVERVIEW -- SUMMARY OF MARKET OUTCOMES -- Physical Fundamentals Alone Cannot Explain Unprecedented Summer Natural Gas Prices -- Supply -- Demand -- U.S. Gas Balance -- Storage Inventories -- Natural Gas Market Dynamics -- Production -- Infrastructure -- Liquefied Natural Gas -- Financial market turmoil started to affect energy markets as early as July -- Financial Products and Financial Institutions as Energy Market Participants -- Prominence of Financial Energy Products -- Change in Financial Volumes -- Role of Financial Entities -- COST AND ACCESS TO CAPITAL AND CAPITAL EXPENDITURES -- Access to and Cost of Capital -- Reduction in Capital Expenditures -- Economic Activity and Energy Consumption -- ELECTRICITY MARKET OUTCOMES DRIVEN LARGELY BY EXTERNAL MARKET FORCES -- Price Outcomes and Dispatch Order -- FTR Valuations -- Wind Generation -- Generation Additions and Cost of New Generation -- EMERGENCE OF ALTERNATIVE ENERGY -- Effects of Credit Crisis and Economic Downturn on Wind Generation -- Ancillary Services and Demand Response -- Renewable Portfolio Standards -- TRANSPARENCY EFFORTS BEAR FRUIT -- ORGANIZATION OF THIS REPORT -- SECTION 1. NATURAL GAS MARKETS IN 2008 -- Introduction -- Physical Fundamentals -- Prices -- U.S. Supply-Demand Balance -- Supply -- Demand -- Supply-Demand Balance -- Storage Remained Close to Five-Year Average for Most of 2008 -- Financial Fundamentals -- Connection Between Physical and Financial Natural Gas Prices -- Key Financial Fundamentals -- Conclusion -- SECTION 2. UNCONVENTIONAL NATURAL GAS SUPPLY -- The Expanding Natural Gas Resource Base -- Costs -- Issues Affecting Development. ; SECTION 3. COST OF NEW GENERATION IN 2008 -- Introduction -- Physical Construction Costs in 2008 -- Credit Crisis -- Energy Efficiency -- Conclusion -- SECTION 4. PHYSICAL AND FINANCIAL BILATERAL ELECTRICITY TRADING -- Bilateral Trading 2008 Highlights -- Bilateral Trading Mechanics and Reporting -- Continued Wholesale Power Declines -- Exit of Financial Institutions, Marketers Drives EQR Volumes Down -- Regional Characteristics of Wholesale Power Trading -- Eastern RTOs -- Western States -- Southeast States -- Growing Prominence of Financial Electricity Products -- The Rise -- The Fall -- Changes in the Term Structure for Financial and Physical Power -- Financial Products -- Physical Products -- SECTION 5. RTO/ISO CAPACITY MARKETS -- Introduction -- Capacity Markets in Action in 2008 -- ISO-NE's Forward Capacity Market -- Use of New Demand Response and Energy Efficiency to Meet Load Forecast -- PJM's Reliability Pricing Model -- Increase in Supply Commitments and Lower Forecast Load Due to the Exclusion of Duquesne Load -- NYISO's Installed Capacity Market -- NYISO ICAP Market Prices Fell in 2008 Following New Mitigation Measures and Adjusted Load Capacity Requirements -- SECTION 6. NATURAL GAS CAPACITY RELEASE AND ELECTRICITY TRANSMISSION REASSIGNMENT -- Introduction -- Summary of Pipeline Capacity Release Postings -- Volume -- Term -- Geographic Concentration -- Releasing Shippers -- Summary of EQR Capacity Reassignment Filings -- Capacity Reassignment Sales -- Duration of Transmission Capacity Reassignment Transactions -- Geographic Dispersion of Transmission Capacity Reassignment Transactions -- Price of Transmission Capacity Reassignments Relative to Tariff Rates -- SECTION 7. INFRASTRUCTURE ADDITIONS EASE GAS GRID CONGESTION AND ALTER TRANSPORTATION DIFFERENTIALS -- Introduction -- Regional Analysis -- Gulf - Ohio Valley Corridor. ; Rockies - Midwest Corridor -- East Texas - Southeast Corridor -- ACKNOWLEDGMENTS -- End Notes -- Chapter 2 NATURAL GAS MARKETS: AN OVERVIEW OF 2008 -- SUMMARY -- INTRODUCTION -- BACKGROUND -- MARKET CONDITIONS -- Prices -- An Anomalous Price Pattern -- Consumption -- SUPPLY -- MARKET TRENDS -- Strong Production -- Seasonality -- Gas-for-Power Use -- Industrial Gas Use -- Global LNG Trade -- Infrastructure Progress -- FORECASTS -- UNCERTAINTIES -- Weather -- Oil Prices -- Economy -- CONCLUSION -- APPENDIX A. SELECTED STATISTICS -- APPENDIX B. ACRONYMS -- ACKNOWLEDGMENTS -- End Notes -- INDEX -- Blank Page.
• Titolo autorizzato: Natural gas markets and lessons learned
• ISBN: 1-61122-455-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910824211803321
• Lo trovi qui: Univ. Federico II
• Serie: Energy Policies, Politics and Prices