Download or read book Rising US LNG Exports and Global Natural Gas Price Convergence written by Robert Ialenti and published by . This book was released on 2021 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rising US LNG Exports and Global Natural Gas Price Convergence written by and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'We assess how rising exports of US liquefied natural gas (LNG) affect the convergence of natural gas prices worldwide. Using standard principal component analysis and cointegrating techniques, we show that the degree of co-movement between global benchmark prices for natural gas has strengthened since the United States began the large-scale export of LNG in 2016. At the same time, we find that global natural gas prices do not yet adhere to the relative law of one price. Our results also suggest that issues related to storage access in Alberta between 2017 and 2019 have limited price co-movements between major benchmarks for natural gas in the United States and Canada. In addition, we use vector error correction models to show that natural gas prices in Europe and Asia respond negatively to increased exports of US LNG. These results may have implications for the development of future LNG export capacity in Canada'--Abstract.

Download or read book U s Natural Gas Exports written by Congressional Research Service and published by CreateSpace. This book was released on 2015-01-28 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: As estimates for the amount of U.S. natural gas resources have grown, so have the prospects of rising U.S. natural gas exports. The United States is expected to go from a net importer of natural gas to a net exporter by 2016. With recent natural gas prices relatively low compared to global prices and historically low for the United States, producers are looking for new markets for their natural gas. Projects to export liquefied natural gas (LNG) by tanker ship have been proposed—cumulatively accounting for over 60% of current gross U.S. natural gas production. Pipeline exports, which accounted for 99% of all exports of U.S. natural gas in 2013, are also likely to continue rising. However, under the Natural Gas Act, the Department of Energy (DOE) and the Federal Energy Regulatory Commission (FERC) must authorize the export of the natural gas commodity and related facilities, respectively. This overarching federal role in the expansion of U.S. natural gas exports has been the subject of ongoing oversight and debate in Congress. What effect exporting natural gas will have on U.S. domestic prices is a central question in the debate over whether to export. A significant rise in U.S. natural gas exports would likely put upwards pressure on domestic prices, but the magnitude of any rise is uncertain. There are numerous factors that will affect prices: export volumes, economic growth, differences in local markets, and government regulations, among others. Producers contend that increased exports will not raise prices significantly as there is ample supply to meet domestic demand, and there will be the added benefits of increased revenues, trade, and jobs, and less flaring. Consumers of natural gas, who also benefit from the current low prices, fear prices will rise if natural gas is exported. The DOE's most recent price study concluded that greater LNG exports “result in higher levels of real gross domestic product (GDP), which more than offsets the adverse impact of somewhat higher energy prices.” Export opponents have been critical of DOE's conclusions. Environmental groups are split regarding natural gas use, with some favoring increased use to curb emissions of certain pollutants, while others oppose expanded use of natural gas because it is not as clean as renewable forms of energy, such as wind or solar. The use of hydraulic fracturing to produce shale gas for export markets has also raised concerns among environmental groups particularly concerned with its possible impacts on groundwater quality. The possibility of a significant increase in U.S. natural gas exports will factor into ongoing debates on the economy, energy independence, climate change, and energy security. Congressional interest has focused on the DOE's process and criteria for approving LNG commodity exports to non-free trade agreement (FTA) countries. Several bills in the 114th Congress would facilitate the approval of such permits. Both the House and Senate versions of the LNG Permitting Certainty and Transparency Act (H.R. 351 and S. 33), the Domestic Prosperity and Global Freedom Act (H.R. 89), and the Export American Natural Gas Act of 2015 (H.R. 428) would impose various deadlines on DOE export permit decisions. The American Job Creation and Strategic Alliances LNG Act (H.R. 287) would extend free trade treatment to World Trade Organization member nations with respect to LNG export permitting by DOE. The Crude Oil Export Act (H.R. 156) would repeal limitations on export of Outer Continental Shelf natural gas under the Outer Continental Shelf Lands Act (43 U.S.C. 1354). Other bills have been introduced that would affect natural gas production and infrastructure.

Download or read book U s Natural Gas Exports written by Michael Ratner and published by CreateSpace. This book was released on 2013-07 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: As estimates for the amount of U.S. natural gas resources have grown, so have the prospects of rising U.S. natural gas exports. The United States is expected to go from a net importer of natural gas to a net exporter by 2020. Projects to export liquefied natural gas (LNG) by tanker ship have been proposed—cumulatively accounting for about 12.5% of current U.S. natural gas production—and are at varying stages of regulatory approval. Projects require federal approval under Section 3 of the Natural Gas Act (15 U.S.C. §717b), with the U.S. Department of Energy's Office of Fossil Energy and the Federal Energy Regulatory Commission being the lead authorizing agencies. Pipeline exports, which accounted for 94% of all exports of U.S. produced natural gas in 2010, are also likely to rise. What effect exporting natural gas will have on U.S. prices is the central question in the debate over whether to export. A significant rise in U.S. natural gas exports would likely put upwards pressure on domestic prices, but the magnitude of any rise is currently unclear. There are numerous factors that will affect prices: export volumes, economic growth, differences in local markets, and government regulations, among others. With today's natural gas prices relatively low compared to global prices and historically low for the United States, producers are looking for new markets for their natural gas. Producers contend that increased exports will not raise prices significantly as there is ample supply to meet domestic demand, and there will be the added benefits of increased revenues, trade, and jobs, and less flaring. Consumers of natural gas, who are being helped by the low prices, fear prices will rise if natural gas is exported. Electric power generation represents potentially the greatest increase in natural gas consumption in the U.S. economy, primarily for environmental reasons. Natural gas emits much less carbon dioxide and other pollutants than coal when combusted. Other types of consumption are not likely to increase natural gas demand domestically for a long time. Use in the transportation sector to displace oil is likely to be small because expensive new infrastructure and technologies would be required. There is discussion of a possible revival of the U.S. petrochemicals sector, but the potential extent of a change is unclear. Getting natural gas to markets where it can be consumed, whether domestically or internationally, may be the industry's biggest challenge. Infrastructure constraints, environmental regulations, and other factors will influence how the market adjusts to balance supply and demand. Environmental groups are split regarding natural gas use, with some favoring increased use to curb emissions of certain pollutants, while others oppose expanded use of natural gas because it is not as clean as renewable forms of energy, such as wind or solar. The use of hydraulic fracturing to produce shale gas has also raised concerns among environmental groups particularly concerned with its possible impacts on water quality. The possibility of a significant increase in U.S. natural gas exports will factor into ongoing debates on the economy, energy independence, climate change, and energy security. As the proposed projects continue to develop, policymakers are likely to receive more inquiries about these projects. Proposals to expedite and expand LNG exports have already been raised in the 113th Congress, including in S. 192 and H.R. 580. Two other bills, H.R. 1189 and H.R. 1191, would reform the DOE's process for determining the public interest regarding LNG exports and prohibit exports of natural gas produced on federal lands.

Download or read book China s Gas Development Strategies written by Shell International B.V. and published by Springer. This book was released on 2017-11-23 with total page 515 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Global LNG written by Zoey Walden and published by . This book was released on 2013 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Gas Exports from the US Status Potential and Consequences written by Jonathan Gurtler and published by . This book was released on 2015-06-08 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Economics - International Economic Relations, grade: 1,0, Karlshochschule International University, language: English, abstract: The discussion whether the US is about to export more natural gas and if yes, to what extent, is more topical than ever. Due to the shale gas boom at the end of the last decade, the US has more access to natural gas resources than ever before. Furthermore, the current dispute between the Ukraine and Russia are revealing once again Europe's dependence on Russian gas and show the need for further diversification of Europe's natural gas supply. This paper evaluates the status, potential and consequences of US gas exports in the form of LNG from a general perspective. The author analyses the potential of LNG and the status quo of US LNG facilities and relevant key players. Additionally, he takes a closer look on US export bans as well as current prices and how growing US gas exports would affect the domestic and international gas markets. He finds that further permits to export natural gas are likely to be authorised, but due to higher prices and increasing demand, these exports will mainly go to the Asia-Pacific region. Nevertheless, the growing LNG market in the US will make the future gas markets more flexible and competitive.

Download or read book Impacts of US LNG Exports on the Supply Security of the EU Natural Gas Market written by Sinem Okumus and published by . This book was released on 2015 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in drilling technology and production strategies such as hydraulic fracturing and horizontal drilling have made shale gas more accessible and have boosted US natural gas production. The US Energy Information Administration (EIA) expects that indigenous production will exceed consumption and that the US could become a liquefied natural gas (LNG) exporter by 2016. While US natural gas production has boomed, the EU has been increasingly dependent on natural gas imports mainly from Russia. In addition to rising dependency on Russian natural gas, the dispute between Russia and Ukraine has disrupted delivery of Russian gas and has threatened the security of natural gas supply to the EU. This situation has compelled the EU to seek different suppliers to reduce Russian dominance of Russia. Considering 30 percent of EU natural gas imports come from Russia an increase in EU concerns about disruption of the Russian supply has fueled a discussion of US LNG exports. As an alternative to Russian supply, US LNG exports are considered as a solution to mitigate the effects of supply interruptions and overdependence on Russia. Currently the most important question is whether US LNG exports will or will not be a panacea for the EU natural gas market. This study uses US LNG export scenarios to investigate the effects of US LNG exports on the EU natural gas market. Although I primarily expected that US LNG exports would not impact the EU natural gas market, the main findings are surprisingly different from the anticipation. The consequences are: 1. Although US LNG exports are not an elixir for the EU natural gas market to improve its security supply, they will reduce the dominance of certain exporting countries. 2. US LNG exports will not decrease the EU's dependence on its suppliers due to the EU's preference to import US LNG. This situation prevents any improvement of the security of natural gas supply in the EU. 3. US LNG exports will result in a slump in natural gas prices and a rise in natural gas demand in the EU.

Download or read book The Pricing of Internationally Traded Gas written by Jonathan Stern and published by Oxford Institute for Energy Studies. This book was released on 2012-11-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A volume on the pricing of gas in international trade. Gas accounts for around 25% of global energy demand and international gas trade is growing rapidly. The book covers the development of international gas pricing in all regions of the world where gas is traded, and considers whether gas could become a global market.

Download or read book The New Geopolitics of Natural Gas written by Agnia Grigas and published by Harvard University Press. This book was released on 2017-04-24 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the United States aggressively expands its exports of liquefied natural gas, it stands poised to become an energy superpower. This unanticipated reality is rewriting the conventional rules of intercontinental gas trade and realigning strategic relations among the United States, the European Union, Russia, China and beyond, as Agnia Grigas shows.

Download or read book Annual Energy Outlook written by and published by . This book was released on 2013 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Energy Governance written by Andreas Goldthau and published by Rowman & Littlefield. This book was released on 2010-03-01 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Global Public Policy Institute publication The global market for oil and gas resources is rapidly changing. Three major trends—the rise of new consumers, the increasing influence of state players, and concerns about climate change—are combining to challenge existing regulatory structures, many of which have been in place for a half-century. Global Energy Governance analyzes the energy market from an institutionalist perspective and offers practical policy recommendations to deal with these new challenges. Much of the existing discourse on energy governance deals with hard security issues but neglects the challenges to global governance. Global Energy Governance fills this gap with perspectives on how regulatory institutions can ensure reliable sources of energy, evaluate financial risk, and provide emergency response mechanisms to deal with interruptions in supply. The authors bring together decisionmakers from industry, government, and civil society in order to address two central questions: •What are the current practices of existing institutions governing global oil and gas on financial markets? •How do these institutions need to adapt in order to meet the challenges of the twenty-first century? The resulting governance-oriented analysis of the three interlocking trends also provides the basis for policy recommendations to improve global regulation. Contributors include Thorsten Benner, Global Public Policy Institute, Berlin; William Blyth, Chatham House, Royal Institute for International Affairs, London; Albert Bressand, School of International and Public Affairs, Columbia University; Dick de Jong, Clingendael International Energy Programme; Ralf Dickel, Energy Charter Secretariat; Andreas Goldthau, Central European University, Budapest, and Global Public Policy Institute, Berlin; Enno Harks, Global Public Policy Institute, Berlin; Wade Hoxtell, Global Public Policy Institute, Berlin; Hillard Huntington, Energy Modeling Forum, Stanford University; Christine Jojarth, Center on Democracy, Development, and the Rule of Law, Stanford University; Frederic Kalinke, Department of Politics and International Relations, Oxford University; Wilfrid L. Kohl, School of Advanced International Studies, Johns Hopkins University; Jamie Manzer, Global Public Policy Institute, Berlin; Amy Myers Jaffe, James A. Baker Institute for Public Policy, Rice University; Yulia Selivanova, Energy Charter Secretariat; Tom Smeenk, Clingendael International Energy Programme; Ricardo Soares de Oliveira, Department of Politics and International Relations, Oxford University; Ronald Soligo, Rice University; Joseph A. Stanislaw, Deloitte LLP and The JAStanislaw Group, LLC; Coby van der Linde, Clingendael International Energy Programme; Jan Martin Witte, Global Public Policy Institute, Berlin; Simonetta Zarrilli, Division on International Trade and Commodities, United Nations Conference on Trade and Development.

Download or read book Annual Energy Outlook 2014 with Projections to 2040 written by and published by Government Printing Office. This book was released on 2014-07 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The projections in the U.S. Energy Information Administration's (EIA's) Annual Energy Outlook 2013 (AEO2013) focus on the factors that shape the U.S. energy system over the long term. Under the assumption that current laws and regulations remain unchanged throughout the projections, the AEO2013 Reference case provides the basis for examination and discussion of energy production, consumption, technology, and market trends and the direction they may take in the future. It also serves as a starting point for analysis of potential changes in energy policies.

Download or read book The Future of Natural Gas written by and published by . This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Report Qatar 2009 written by and published by Oxford Business Group. This book was released on 2004 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Geopolitics of the Global Energy Transition written by Manfred Hafner and published by Springer Nature. This book was released on 2020-06-09 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world’s main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.

Download or read book Importing Energy Exporting Jobs written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2014 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: