Docstoc

2000 Energy Report.ppt

Document Sample
2000 Energy Report.ppt Powered By Docstoc
					Natural Gas
Prices



What’s that all about?
Natural Gas Prices
           Natural Gas Prices




Producer
           Natural Gas Prices


                         Local
                      Distribution
                       Company




Producer
           Natural Gas Prices


                         Local
                      Distribution
                       Company




                                     Storage


Producer
            Natural Gas Prices


                          Local
                       Distribution
           Storage
                        Company




                                      Storage


Producer
            Natural Gas Prices


                          Local
                       Distribution
           Storage
                        Company




                                      Storage


Producer
            Natural Gas Prices


                          Local
                       Distribution
           Storage
                        Company




                                      Storage


Producer
            Natural Gas Prices


                          Local
                       Distribution
           Storage
                        Company




                                      Storage


Producer
            Natural Gas Prices


                          Local
                       Distribution
           Storage
                        Company




                                      Storage


Producer
       Natural Gas Prices
       Components
• Five Components of the Natural Gas System
        Natural Gas Prices
        Components
• Five Components of the Natural Gas System
     • Production
        Natural Gas Prices
        Components
• Five Components of the Natural Gas System
     • Production
     • Transmission
        Natural Gas Prices
        Components
• Five Components of the Natural Gas System
     • Production
     • Transmission
     • Distribution
          Natural Gas Prices
          Components
• Five Components of the Natural Gas System
     •   Production
     •   Transmission
     •   Distribution
     •   Storage
          Natural Gas Prices
          Components
• Five Components of the Natural Gas System
     •   Production
     •   Transmission
     •   Distribution
     •   Storage
     •   Ancillary Services
          Natural Gas Prices
          Components
• Five Components of the Natural Gas System
     •   Production
     •   Transmission
     •   Distribution
     •   Storage
     •   Ancillary Services
              »   Metering/Billing
              »   Pressure Regulation
              »   Balancing
              »   Back-up Energy
        Natural Gas Prices
        Players
• Major Players in the Natural Gas System
        Natural Gas Prices
        Players
• Major Players in the Natural Gas System
     • Customers
        Natural Gas Prices
        Players
• Major Players in the Natural Gas System
     • Customers
     • Producers
        Natural Gas Prices
        Players
• Major Players in the Natural Gas System
     • Customers
     • Producers
     • Gas Transmission Pipelines
          Natural Gas Prices
          Players
• Major Players in the Natural Gas System
     •   Customers
     •   Producers
     •   Gas Transmission Pipelines
     •   Local Distribution Companies (LDC)
          Natural Gas Prices
          Players
• Major Players in the Natural Gas System
     •   Customers
     •   Producers
     •   Gas Transmission Pipelines
     •   Local Distribution Companies (LDC)
     •   Natural Gas Brokers
          Natural Gas Prices
          Players
• Major Players in the Natural Gas System
     •   Customers
     •   Producers
     •   Gas Transmission Pipelines
     •   Local Distribution Companies (LDC)
     •   Natural Gas Brokers
     •   Natural Gas Marketers
          Natural Gas Prices
          Players
• Major Players in the Natural Gas System
     •   Customers
     •   Producers
     •   Gas Transmission Pipelines
     •   Local Distribution Companies (LDC)
     •   Natural Gas Brokers
     •   Natural Gas Marketers
     •   Speculators
        Natural Gas Prices
        Regulated v. Un-Regulated
• Regulated
     • Gas Transmission Pipelines
     • Local Distribution Companies
        Natural Gas Prices
        Regulated v. Un-Regulated
• Regulated
     • Gas Transmission Pipelines
     • Local Distribution Companies
• Un-Regulated
     • Natural Gas Commodity
     • Tradeable Transmission Rights
     • Certain Ancillary Services
        Natural Gas Prices
        Markets
• Natural Gas is Traded:
     • In the form of Standard Contracts
        Natural Gas Prices
        Markets
• Natural Gas is Traded:
     • In the form of Standard Contracts
     • At a Commodity Exchange (NYMEX)
        Natural Gas Prices
        Markets
• Natural Gas is Traded:
     • In the form of Standard Contracts
     • At a Commodity Exchange (NYMEX)
     • For gas at Trading Hubs (Henry Hub)
          Natural Gas Prices
          Markets
• Natural Gas is Traded:
     •   In the form of Standard Contracts
     •   At a Commodity Exchange (NYMEX)
     •   For gas at Trading Hubs (Henry Hub)
     •   For both Future and Spot Markets
          Natural Gas Prices
          Markets
• Natural Gas is Traded:
     •   In the form of Standard Contracts
     •   At a Commodity Exchange (NYMEX)
     •   For gas at Trading Hubs (Henry Hub)
     •   For both Future and Spot Markets
• Gas is traded at different delivery points
  (Basis Differential)
          Natural Gas Prices
          Markets
• Natural Gas is Traded:
     •   In the form of Standard Contracts
     •   At a Commodity Exchange (NYMEX)
     •   For gas at Trading Hubs (Henry Hub)
     •   For both Future and Spot Markets
• Gas is traded at different delivery points
  (Basis Differential)
• More than 90% of all trades do not go to delivery
          Natural Gas Prices
          Markets
• Natural Gas is Traded:
     •   In the form of Standard Contracts
     •   At a Commodity Exchange (NYMEX)
     •   For gas at Trading Hubs (Henry Hub)
     •   For both Future and Spot Markets
• Gas is traded at different delivery points
  (Basis Differential)
• More than 90% of all trades do not go to delivery
• Traders do not care about the absolute price of a
  contract, only the relative price
        Natural Gas Prices
        Price Drivers
• Availability of Supply
        Natural Gas Prices
        Price Drivers
• Availability of Supply
• Weather
     • Summer
     • Winter
     • Hurricanes
        Natural Gas Prices
        Price Drivers
• Availability of Supply
• Weather
     • Summer
     • Winter
     • Hurricanes
• Alternative Fuel Prices
        Natural Gas Prices
        Price Drivers
• Availability of Supply
• Weather
     • Summer
     • Winter
     • Hurricanes
• Alternative Fuel Prices
• Storage Levels
        Natural Gas Prices
        Price Drivers
• Availability of Supply
• Weather
     • Summer
     • Winter
     • Hurricanes
• Alternative Fuel Prices
• Storage Levels
• New Consumptive Loads
Natural Gas Markets
             Natural Gas Markets
S = Seller

                      S
         Natural Gas Markets
S = Seller
P = Purchaser
                  S




                  P
         Natural Gas Markets   Ask   $ 5.00



S = Seller
P = Purchaser
                  S




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00

S = Seller
P = Purchaser
                  S




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller
P = Purchaser
                  S




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
P = Purchaser
                  S




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
                               Ask   $ 4.50
P = Purchaser
                  S




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
                               Ask   $ 4.50
P = Purchaser                  Ask   $ 4.75
                  S




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
                               Ask   $ 4.50
P = Purchaser                  Ask   $ 4.75
                  S            Ask   $ 4.60




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
                               Ask   $ 4.50
P = Purchaser                  Ask   $ 4.75
                  S            Ask   $ 4.60
                               Bid   $ 4.60




                  P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
                               Ask   $ 4.50
P = Purchaser                  Ask   $ 4.75
M = Marketer        S          Ask   $ 4.60
                               Bid   $ 4.60

                M        M



                    P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
                               Ask   $ 4.50
P = Purchaser                  Ask   $ 4.75
M = Marketer        S          Ask   $ 4.60
                               Bid   $ 4.60

                M        M



                    P
         Natural Gas Markets   Ask
                               Bid
                                     $ 5.00
                                     $ 4.00
                               Ask   $ 5.00
S = Seller                     Bid   $ 4.50
                               Ask   $ 4.50
P = Purchaser                  Ask   $ 4.75
M = Marketer        S          Ask   $ 4.60
                               Bid   $ 4.60

                M        M



                    P
         Natural Gas Markets     Ask
                                 Bid
                                       $ 5.00
                                       $ 4.00
                                 Ask   $ 5.00
S = Seller                       Bid   $ 4.50
                                 Ask   $ 4.50
P = Purchaser                    Ask   $ 4.75
M = Marketer         S           Ask   $ 4.60
S = Speculator                   Bid   $ 4.60

                 M       M
          S                  S

                     P
         Natural Gas Markets     Ask
                                 Bid
                                       $ 5.00
                                       $ 4.00
                                 Ask   $ 5.00
S = Seller                       Bid   $ 4.50
                                 Ask   $ 4.50
P = Purchaser                    Ask   $ 4.75
M = Marketer         S           Ask   $ 4.60
S = Speculator                   Bid   $ 4.60

                 M       M
          S                  S

                     P

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:5
posted:10/11/2011
language:English
pages:55
yanyan yan yanyan yan
About