Natural Gas Trading in North America


Book Description

Natural Gas Trading in North America presents the core knowledge required to work on a natural gas trading desk in North America. The material surveyed spans historical market context, fundamental drivers and the mechanics and instruments used to trade and risk manage a natural gas portfolio. This book is intended to be accessible to a broad array of readers, from those trading markets directly, to origination, structuring and control groups, as well as those working in investment banking and project development for whom an understanding of how the markets are traded is essential in their daily activities.




The Extraction State


Book Description

The history of the United States of America is also the history of the energy sector. Natural gas provides the fuel that allows us to heat our homes in winter and cool them in summer with the touch of a button or turn of a dial—when the industry runs smoothly. From the oil crisis of the 1970s to the fall of Enron and the California electricity crisis at the turn of the century to contemporary issues of hydraulic fracking, poorly conceived government policies have sometimes left us shivering, stranded, or with significantly lighter wallets. In this expansive narrative, Charles Blanchard traces the rise of natural gas and the regulatory missteps that nearly ruined the market. Beginning in the 1880s, The Extraction State explains how the New Deal regulatory compact came together in the 1920s, even before the Great Depression, and how it fell apart in the 1970s. From there, the book dissects the policies that affect us today, and explores where we might be headed in the near future.




Trading Natural Gas


Book Description

This how to book covers the various mechanics of natural gas trading, including the physical (cash) market for natural gas production, transportation, distribution, and consumption. It has been 23 years since Trading Natural Gas: A Nontechnical Guide was released, and many things have changed: electronic trading, power market deregulation, fracking and the shale revolution, pipelines reversing flow patterns, and LNG exports from the United States. In this second edition, the author addresses these changes, beginning with a deeper dive into the natural gas market fundamentals of supply, demand, storage, and transportation, maintaining a focus on the relationship to market pricing. Following discussion of the mechanics of trading physical natural gas, the heart of the text remains a study of financial derivative products specific to natural gas trading, presented through definitions and trading examples. Many of these products and concepts are still current and have been refreshed and kept intact. New material on the role of natural gas in the power market as it relates to fuel- switching and economic dispatch, as well as a survey of the global LNG market and US exports, is included in this second edition to bring in two of the biggest factors influencing prices in today's market. Additional statistics, tables, graphs and suggested spreadsheet templates have been provided throughout the book to help visualize many of the discussions on data. Features and Benefits Supply / Demand Fundamentals Market overviews (financial and physical) Contracts Derivatives Technical Analysis Risk Controls Audience Field level personnel Management Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, energy markets Students




Global Energy Fundamentals


Book Description

This book provides a rigorous, concise guide to the current status and future prospects of the global energy system. As we move away from fossil fuels and toward clean energy solutions, the complexity of the global energy system has increased. Tagliapietra cuts through this complexity with a multidisciplinary perspective of the system, which encompasses economics, geopolitics, and basic technology. He goes on to explore the main components of the global energy system - oil, natural gas, coal, nuclear energy, bioenergy, hydropower, geothermal energy, wind energy, solar energy, marine energy - as well as energy consumption and energy efficiency. It then provides an in-depth analysis of the pivotal issues of climate change and of energy access in Africa.




Natural Gas Processing


Book Description

Natural gas is considered the dominant worldwide bridge between fossil fuels of today and future resources of tomorrow. Thanks to the recent shale boom in North America, natural gas is in a surplus and quickly becoming a major international commodity. Stay current with conventional and now unconventional gas standards and procedures with Natural Gas Processing: Technology and Engineering Design. Covering the entire natural gas process, Bahadori's must-have handbook provides everything you need to know about natural gas, including: - Fundamental background on natural gas properties and single/multiphase flow factors - How to pinpoint equipment selection criteria, such as US and international standards, codes, and critical design considerations - A step-by-step simplification of the major gas processing procedures, like sweetening, dehydration, and sulfur recovery - Detailed explanation on plant engineering and design steps for natural gas projects, helping managers and contractors understand how to schedule, plan, and manage a safe and efficient processing plant - Covers both conventional and unconventional gas resources such as coal bed methane and shale gas - Bridges natural gas processing with basic and advanced engineering design of natural gas projects including real world case studies - Digs deeper with practical equipment sizing calculations for flare systems, safety relief valves, and control valves







Natural Gas in Nontechnical Language


Book Description

An overview of the natural gas process from wellhead to burnertip, from exploration to futures trading, and the latest issues of co-generation and other product use.




Cold, Hungry and in the Dark


Book Description

An energy industry insider delivers hard truths about the reality of fracking. Conventional wisdom has North America entering a new era of energy abundance thanks to shale gas. But has industry been honest? Cold, Hungry and in the Dark argues that declining productivity combined with increasing demand will trigger a crisis that will cause prices to skyrocket, damage the economy, and have a profound impact on the lives of nearly every North American. Relying on faulty science, bought-and-paid-for-white papers masquerading as independent research and “industry consultants,” the “shale promoters” have vastly overstated the viable supply of shale gas resources for their own financial gain. This startling exposé, written by an industry insider, suggests that the stakes involved in the Enron scandal might seem like lunch money in comparison to the bursting of the natural gas bubble. Exhaustively researched and rigorously documented, Cold, Hungry and in the Dark: · Puts supply-and-demand trends under a microscope · Provides overwhelming evidence of the absurdity of the one hundred-year supply myth · Suggests numerous ways to mitigate the upcoming natural gas price spike The mainstream media has told us that natural gas will be cheap and plentiful for decades, when nothing could be further from the truth. Forewarned is forearmed. Cold, Hungry and in the Dark is vital reading for anyone concerned about the inevitable economic impact of our uncertain energy future. “Powers’s step-by-step dismantling of the abundance myth ought to alarm policymakers, corporate managers, investors, business owners, and concerned citizens alike.”—Kurt Cobb, author of Prelude and contributor to The Christian Science Monitor




China’s Gas Development Strategies


Book Description

This book is open access under a CC BY 4.0 license. This book examines how China can increase the share of natural gas in its energy system. China’s energy strategy has global ramifications and impact, and central to this strategy is the country’s transition from coal to gas. The book presents the culmination of a two-year collaboration between the Development Research Center of the State Council (DRC) and Shell. With the Chinese government’s strategic aim to increase the share of gas in the energy mix from 5.8% in 2014 to 10% and 15% in 2020 and 2030 respectively, the book outlines how China can achieve its gas targets. Providing both quantifiable metrics and policy measures for the transition, it is a much needed addition to the literature on Chinese energy policy. The research and the resulting recommendations of this study have fed directly into the Chinese government’s 13th Five-Year Plan, and provide unique insights into the Chinese government and policy-making. Due to its global impact, the book is a valuable resource for policy makers in both China and the rest of the world.




Natural Gas


Book Description

Natural gas is the world’s cleanest fossil fuel; it generates less air pollution and releases less CO2 per unit of useful energy than liquid fuels or coals. With its vast supplies of conventional resources and nonconventional stores, the extension of long-distance gas pipelines and the recent expansion of liquefied natural gas trade, a truly global market has been created for this clean fuel. Natural Gas: Fuel for the 21st Century discusses the place and prospects of natural gas in modern high-energy societies. Vaclav Smil presents a systematic survey of the qualities, origins, extraction, processing and transportation of natural gas, followed by a detailed appraisal of its many preferred, traditional and potential uses, and the recent emergence of the fuel as a globally traded commodity. The unfolding diversification of sources, particularly hydraulic fracturing, and the role of natural gas in national and global energy transitions are described. The book concludes with a discussion on the advantages, risks, benefits and costs of natural gas as a leading, if not dominant, fuel of the 21st century. This interdisciplinary text will be of interest to a wide readership concerned with global energy affairs including professionals and academics in energy and environmental science, policy makers, consultants and advisors with an interest in the rapidly-changing global energy industry.