European Union regulators have delivered on the promise of a new LNG benchmark for the region in the hopes of increasing price transparency and deflating similar price surges that rocked markets last year. The European Union Agency for the Cooperation of Energy Regulators (ACER) reported its first liquefied natural gas benchmark price Friday. ACER has…
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Abaxx Tests Future of Physical Contracts in Quest for LNG Benchmark
As global natural gas market volatility continues to raise questions about the effectiveness of established futures benchmarks, Abaxx Technologies Inc. is pursuing a solution through physically-settled LNG contracts. Through a unit based in Singapore, Abaxx is preparing to launch physically-settled contracts for the three major liquefied natural gas markets: Northwest Europe, North Asia Pacific and…
Alberta’s NatGas Royalties Take Big Plunge
Alberta natural gas royalties, a health benchmark of the Canadian supply industry, plunged to their lowest level in a generation in the government fiscal year that ended March 31.
Alberta’s NatGas Royalties Were Anemic Last Fiscal Year
Alberta natural gas royalties, a health benchmark of the Canadian supply industry, plunged to their lowest level in a generation in the government fiscal year that ended March 31.
Best Natural Gas, Oil Growth Belongs to U.S., Says BP
BP plc’s annual benchmark review of world energy published last week sees continued growth in global natural gas resources, particularly in the United States, while oil worldwide lost market share for the 13th year in a row.
U.S. Records Highest Global Natural Gas, Oil Growth, Says BP
BP plc’s annual benchmark review of world energy sees continued growth in global natural gas resources, particularly in the United States, while oil lost worldwide market share for the 13th year in a row.
Consultant Expects Eagle Ford Infrastructure to Keep Pace
The Eagle Ford Shale in South Texas is “primed for growth,” thanks to a substantial foundation of gathering, transmission, processing and fractionation infrastructure in place, Bentek Energy LLC said in a new report. And more projects are under way or in the works over the next few years.
Barclays Sees Moderate 2011 HH-NBP Basis Spread
The spread between the U.S. Henry Hub natural gas price and the United Kingdom’s (UK) benchmark NBP gas price marker has widened in 2010 compared to 2009 and the futures market forward prices show that spread could more than double in 2011. But Barclays Capital believes that the upward projections for the UK market are overblown and will correct. The investment bank is predicting a $1.52/MMBtu spread for 2011, not far off this year’s spread so far.
Barclays Sees Moderate 2011 HH-NBP Basis Spread
The spread between the U.S. Henry Hub natural gas price and the United Kingdom’s (UK) benchmark NBP gas price marker has widened in 2010 compared to 2009 and the futures market forward prices show that spread could more than double in 2011. But Barclays Capital believes that the upward projections for the UK market are overblown and will correct. The investment bank is predicting a $1.52/MMBtu spread for 2011, not far off this year’s spread.
Study: Reserves Grow Despite Economy
The unconventional gas boom continues, despite lower commodity prices, and it has contributed significantly to gas reserve growth, according to the latest U.S. exploration and production (E&P) benchmark study by Ernst & Young (E&Y).