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The reports offer insight and analysis on the global natural gas business, including forecasts and commentary on market prices, price sensitivity, demand, supply, LNG storage, and key drivers affecting the short-term market. Reports include regional specialization as well as a global perspective on trends and business strategy.
Gas Imports To Europe: Testing The Boundaries
The biggest market uncertainty facing the European gas industry is the level of future Russian imports. Sometimes portrayed as a substitute, but given global markets and world developments, LNG will ...
Publication Date: JUL 2007
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Russian Gas Consumption: Near- And Long-Term Outlooks
The question dominating the Russian energy sector today is how Russia will meet its rising domestic demand for gas as well as its export obligations. Amid uncertainties surrounding the next generatio ...
Publication Date: JUN 2007
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LNG Pressure: No Relief In Sight From Construction Cost And Innovation Needs
The dramatic growth of liquefied natural gas (LNG) has produced human resource and cost pressures akin to those experienced across the oil and gas industry. Arguably, LNG's transformation from a rela ...
Publication Date: JUN 2007
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Ferc Florida Gas Quality Ruling Frustrates Lng Suppliers, Power Generators
As North American gas market participants increasingly consider liquefied natural gas imports a major new source of gas supply, users and suppliers face the issue of gas quality and interchangeabilit ...
Publication Date: JUN 2007
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China Market Commentary: Strong First Quarter Sets Stage For Continued Strong Demand
CERA expects strong oil, gas, and power demand in second and third quarters on the back of strong economic growth in the first quarter of 2007. Power supply-demand moved into balance.
Publication Date: JUN 2007
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Russia's Emerging Business Models For Gas Exports To Europe
European gas market liberalization is driving gas suppliers to revise their model for sales into the European market. Russia's move through the gas value chain faces a mixed reception in Europe. ...
Publication Date: MAY 2007
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Uk Gas Market: How Low Will Prices Go?
Oversupply in the UK gas market has shifted the supply-demand balance. Whereas in the past few winters, market watchers focused on how high prices could go, now the attention is on how low they will ...
Publication Date: APR 2007
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Oil Industry Meeting The Challenge
This Special Report is based on remarks by CERA Vice President and Managing Director of Global Research David Hobbs at CERAWeek 2007 discussing whether the global oil and gas industry will meet the c ...
Publication Date: APR 2007
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The Changing Russian Associated Gas Equation: New Risk And Reward Dynamics For Oil Companies
As Russia confronts the possibility of a gas supply squeeze, Russian policymakers have a major incentive (in theory) to remove long-standing obstacles to the marketing of growing volumes of associate ...
Publication Date: APR 2007
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North American Pipeline Basis: What Are The Drivers?
While gas prices at the Henry Hub are generally understood to be a function of the push and pull of supply and demand in the gas market (or expectations thereof), the drivers of prices at other point ...
Publication Date: MAR 2007
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China Market Commentary: Third And Fourth Quarters, 2006
China's economy continued its strong growth in the third and fourth quarters of 2006 with commensurate energy demand.
Publication Date: MAR 2007
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A Shrinking Pond? The Influence of North America on European Gas Prices
The growth in liquefied natural gas, particularly in the Atlantic Basin, is increasing arbitrage trade between North America and Europe, leading many to posit price convergence between the two market ...
Publication Date: FEB 2007
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Ethanol-powered Brazil: The Land of Green Gold?
As the rest of the world awakens to the appeals of the renewable fuel ethanol, Brazil's long experience, high efficiency, and large domestic production and demand make it a potential role model. But ...
Publication Date: FEB 2007
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Natural Gas Spot Price Volatility in North America Is a Fundamental Thing
Volatility in natural gas spot prices is driven mainly by fundamentals rather than changes in trading liquidity or speculative trading. This Private Report examines the causes of daily volatility of ...
Publication Date: FEB 2007
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Accommodative Approach to Market-based Rates for Gas Storage
The Federal Energy Regulatory Commission is taking an accommodative approach to storage projects seeking market-based rates. This is intended to spur new projects that need this pricing structure. ...
Publication Date: JAN 2007
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Energy Independence
A cry for "energy independence" is being heard across the nation, and loudly so in Washington. In a Wall Street Journal Opinion Page essay, CERA Chairman Daniel Yergin argues that if independence is ...
Publication Date: JAN 2007
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The Ethanol Boom: Creating a New Market for Natural Gas
The use of natural gas to produce ethanol is expected to grow from over 400 million cubic feet (MMcf) per day in 2006 to a range of 700 to 1,000 MMcf per day by 2012. This will make it one of the lar ...
Publication Date: JAN 2007
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Warm Winter Could Trigger Supply Blues
Yet another warm winter could bring record natural gas storage inventories by end-March, with the increased possibility for a new period of low prices. This emerging trend increases the potential for ...
Publication Date: JAN 2007
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Gasoline and the American People 2007 - Printed Copy
As gasoline prices in the United States rise sharply, the composition of a gallon of gasoline undergoes changes for environmental, supply, tax, and cost reasons, and American drivers struggle to resp ...
Publication Date: JAN 2007
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Blowing Hot or Cold
For Europe's late-arriving winter 2006/07, price relief from last year's record-high levels seems in sight. Absent extreme weather, both spot and oil-linked gas prices are expected to slowly decline. ...
Publication Date: DEC 2006
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What Way Out? The Report of the Iraq Study Group and the New Urgency
Over a nearly nine-month period, the bipartisan Iraq Study Group analyzed the US role in Iraq and concluded that the escalating violence there puts a stark choice before the US government: Despite di ...
Publication Date: DEC 2006
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Alternative to Russian Motor Fuels: Prospects for Compressed Natural Gas and Liquefied Petroleum Gas in the Russian Transportation Sector
Over the past seven years domestic refined product prices have tripled, inspiring interest in alternative motor fuels. This Decision Brief analyzes the viability of two natural gas-based fuels, lique ...
Publication Date: DEC 2006
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Brazil Eighth Round: Campos Excluded for the First Time
Brazil Eighth Round: Campos, Casualty of Energy Security StrategyFor the eighth Brazilian round on November 28-29, 2006, the government has surprised the market by its unexpected decision to significantly reduce the area offered compar
Publication Date: NOV 2006
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North American Dual-Fuel Steam Generation Continues to Be a Source of Natural Gas Demand Flexibility
Dual-fuel Steam Generation: Alive and WellIn 2007 dual-fuel steam generation plants that can burn either natural gas or residual fuel oil will remain a viable, albeit limited, source of natural gas demand flexibility. In the US Lower 4
Publication Date: NOV 2006
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European Energy Industry Restructuring
Separate Development: Energy Policy for European NetworksFundamental restructuring of the power and gas industries continues to appear as a central element in the European Commission's policies for building a single European market. In
Publication Date: NOV 2006
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Why the "Peak Oil" Theory Falls Down -- Myths, Legends, and the Future of Oil Resources
The peak oil debate continues to rage without any obvious progress. But, upon examination, the peak oil theory falls down because of serious flaws in logic and application. CERA's view, based on two ...
Publication Date: NOV 2006
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North American Gas: Winter Weather Sensitivities
What If It Isn't Normal? Winter Weather SensitivitiesTo complement CERA's normal weather outlook for winter 2006/07, we estimate the impact of a colder-than-normal and a warmer-than-normal winter on natural gas demand, storage, and pri
Publication Date: OCT 2006
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Venezuela Facing New Taxes
Venezuela's Amended Hydrocarbon Fiscal Framework: A Straitjacket on Heavy Oil Developments?Recent amendments to Venezuela's hydrocarbon and income tax laws have taken three additional steps toward consolidating government control and v
Publication Date: OCT 2006
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Moscow's Shtokman Policy Shift Signals Changing Global, Russian, and Gazprom Corporate Dynamics
Russian U-turns at Shtokman: Drivers and ConsequencesOn October 9, Gazprom announced that gas supplies from its giant Shtokman gas field in the Barents Sea will be channeled primarily to Europe via the planned North European Gas Pipeli
Publication Date: OCT 2006
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Volatility Calmed in China's Energy Markets
Quarterly Market Commentary: Return to Stable FootingPersistently rapid economic growth during the first half of 2006 has allowed little relief for China's energy markets. A long-anticipated "soft landing" has yet to play out, compromi
Publication Date: OCT 2006
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Ecuador's Correa a Challenge to Development Path?
Ecuador's Presidential Elections: A Reformist Illusion?The rise of Rafael Correa, a radical national-populist candidate, in Ecuador's presidential race has caused international concern at many levels. Ecuador's voters are turning to Ra
Publication Date: OCT 2006
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Asian LNG Faces Robust Pricing
A 25-year consensus over how Asian liquefied natural gas is priced has disintegrated as the Asia Pacific Basin first transformed to a buyers' market and, over the past 12 months, switched to a seller ...
Publication Date: OCT 2006
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New Oil and Gas Frontier Challenges: Mitigating the Risks
Growth in global energy demand has pushed oil and gas companies to the frontier in search of oil and natural gas reserves to feed hungry economies and this has increased aboveground risk for companie ...
Publication Date: OCT 2006
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Energy in Ukraine: Ongoing Opportunities and Challenges
Energy and the Ukrainian Economy: Obstacles and Opportunities AheadThe gas standoff in January 2006 between Russia and Ukraine resulted in a price increase for imported gas that has raised fundamental questions about the future of Ukra
Publication Date: OCT 2006
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Bolivia's Gas Deliverability: Problems Ahead
Bolivia's political instability since 2002 has culminated in the election of President Evo Morales and the nationalization of Bolivia's hydrocarbon sector. As a result, energy investment has ground t ...
Publication Date: OCT 2006
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Vaguely Worded New Russian Gas Export Law Creates More Problems Than It Solves
Is it a Gas? Conflicting Interpretations of New Russian Export Law Signal Clash of Powerful Commercial and Political InterestsThe Russian Law on Gas Exports enacted on August 1 was intended to solidify and extend Russia's "unified expo
Publication Date: OCT 2006
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Mexico Election Results Final, But Still Challenged
Mexico's Elections Officially Reach the Grand Finale: A Political Juggling ActMore than two months after Election Day, Mexico's Federal Electoral Tribunal declared Felipe Calderón Hinojosa the elected president. The decision offic
Publication Date: OCT 2006
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Brazil's Presidential Election: Pragmatism and Energy Challenges
Brazil's Presidential Election: Pragmatism on the Eve of Energy Supply ChallengesOn October 1, 2006, Brazil will elect its next president for a four-year term. The race has narrowed to two candidates: the current president, Luiz Inacio
Publication Date: SEP 2006
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IT Standards Success and Failure: Revealing the Differences
Predicting the Success and Value of E&P Data StandardsLack of standardization of information technology systems has long been recognized as a cost carried by the industry. One estimate places the total value of such nonstandardizat
Publication Date: SEP 2006
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European Gas Country Profile - France, September 2006
This CERA European Gas Country Profile provides unique insight and analysis on the key issues concerning the natural gas industry in France.
Publication Date: SEP 2006
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