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.
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
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
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.
"Transboundary Policy Challenges" responds to a growing interest in borderlands environmental policy by highlighting significant transboundary research and practices being undertaken within and across the Pacific border regions of North America. Growing concern about the seriousness of environmental problems, particularly in high-growth border areas, coupled with the rising awareness of the complexities entailed in wise development decisions, has spurred recognition that new realities require new responses. Critical for effective environmental protection, restoration, and education is a sharing of understanding and effort across borders. "Transboundary Policy Challenges" advances transborder environmental research and discusses sensible policy directions with particular focus on critical areas of international concern and engagement: land and water use planning; regional growth management; trade and transportation corridors; environmental education; and travel and tourism. Contributors to the volume represent a range of disciplines, as well as institutions in Canada, the United States, and Mexico.
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.
