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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.
A Texas-size Disconnect: Will Basis Remain Wide?
In the past three years the value of natural gas at the Texas Gulf Coast has declined compared with nearby Henry Hub in Louisiana. These developments have increased Katy region gas supply available f ...
Publication Date: FEB 2006
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A New Era for Regional Gas Pricing for the Former Soviet Union: Gazprom Moves Toward Europeanization
Gazprom has hiked prices to its former Soviet customers, signaling a dramatic change in the regional gas pricing dynamics that have been in effect since the end of the Soviet period. Not surprisingly ...
Publication Date: JAN 2006
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LNG Shipping: The Anatomy of a Bubble
The LNG industry faces an acute dilemma with respect to shipping: whereas there is a robust demand for LNG carriers in the long run, currently the market is oversupplied. This CERA Decision Brief exa ...
Publication Date: JAN 2006
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Russia and Ukraine's New Gas Agreement: What Does It Mean and How Long Will It Last?
On January 4, 2006, a settlement was reached to end the recent gas feud between Russia and Ukraine. Months of tense negotiations had culminated in a supply cut to Ukraine on January 1, which quickly ...
Publication Date: JAN 2006
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Price Relief in Sight, but New Price Floor Ahead: North American Natural Gas Outlook Through 2015
Participants in the North American natural gas market have had to recalibrate their expectations about prices over the past few years, owing to a chronic inability to increase indigenous supply and t ...
Publication Date: DEC 2005
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Provincial Profile - Shandong, September 2005
This CERA China Energy Provincial Profile provides unique insight and analysis on the key issues concerning the oil, natural gas, coal, and power industries in Shandong Province, China.
Publication Date: SEP 2005
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Provincial Profile - Guangdong, September 2005
This CERA China Energy Provincial Profile provides unique insight and analysis on the key issues concerning the oil, natural gas, coal, and power industries in Guangdong Province, China.
Publication Date: SEP 2005
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Special Report: No Turning Back: The 2005 Update of CERA's LNG Scenarios
The high growth rates for LNG foreseen in the 2004 report Forty in Eight have moved from a hypothesis to a predetermined element--huge investments in LNG are under way and irreversible. LNG trade cou ...
Publication Date: SEP 2005
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Long-term Outlook for European Gas--Special Report
Strong European gas demand growth has spurred the European gas industry to embark on a major investment phase, which could lead to either a new market structure or a viable "hybrid" of the old market ...
Publication Date: JUL 2005
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In Search of Reasonable Certainty: Oil and Gas Reserve Disclosure
CERA has been reflecting on the growing focus on oil and gas reserve reporting and the resulting confusion, controversy and implications across the industry.

In response, we have released o ...
Publication Date: FEB 2005
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On Course: North American LNG Surge Reaches the Shore
Development of North American liquefied natural gas (LNG) receiving terminals continued in 2004 at a pace that could be described as both exhilarating and frustrating, depending on the observer's per ...
Publication Date: FEB 2005
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CFE LNG Strategy Signals Change for Mexico's Energy Sector
Mexican national utility Comision Federal de Electricidad's (CFE) entry into liquefied natural gas (LNG) supply contracts signals a seismic shift in Mexico's energy market, with potentially far-reach ...
Publication Date: FEB 2005
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Russia's Next Oil and Gas Frontier? Projects in Arctic Northwest Claim Growing Share of Company Budgets
Several Russian majors, together with Western partners in various cases, have committed a growing share of investment budgets to projects in Russia's Arctic northwest lately. To date, production is s ...
Publication Date: JAN 2005
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The Pacific Tide: West Coast LNG
Depending on the magnitude of regasification capacity development on the West Coast, LNG volumes could displace indigenous gas supplies, reduce western gas prices relative to the East, and reshuffle ...
Publication Date: OCT 2004
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Costs Are Up for North American Natural Gas
CERA's update of finding, development, and production costs for the major US and Canadian gas supply regions shows costs up an average 15 percent for 2003 compared with 2002, with further inflation i ...
Publication Date: SEP 2004
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Power and Gas Markets in Europe: Liberalization at Risk amid Conflicting Interests
Ten new member states are joining the European Union, a new Parliament has been elected, and a new Commission has been formed. However, these developments will not alter the course of slow but profou ...
Publication Date: SEP 2004
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Bottom Line: A New Long-term Floor for North American Gas Prices
New market fundamentals suggest that a long-term price floor of about $3.50 per million British thermal units (MMBtu) at the Henry Hub has emerged. Excursions below this level are likely to be quickl ...
Publication Date: SEP 2004
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Waking Giant: The Russian Domestic Gas Market
Fundamental changes are taking shape in the Russian gas industry, driven by a turnaround in the country's enormous domestic gas market. The effects are likely to reverberate far beyond Russia' s bord ...
Publication Date: JUL 2004
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The Continental Divide: Pricing Dynamics Between Western and Eastern Natural Gas Markets
Last year's expansion of Kern River pipeline has fundamentally altered the western gas market. This structural change has contributed to a new pricing dynamic-the "Continental Divide." Continental Di ...
Publication Date: JUN 2004
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Special Report: Energy Competition or Cooperation?--Shifting the Paradigm
While energy markets around the world are more open now to trade, competition, and foreign investment than at any time in history, questions regarding market liberalization, transparency, and securit ...
Publication Date: MAY 2004
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Upstream Gas Costs and North American E&P Strategy: Avoiding the Edge
Upstream (finding, development, and production) costs are a key component of the exploration and production (E&P) investment decision. CERA's latest analysis of upstream costs for the major US an ...
Publication Date: MAY 2004
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Special Report: Forty in Eight: The 2004 Update of CERA's LNG Scenarios
Two years have passed since CERA issued its pioneering liquefied natural gas (LNG) study The New Wave: Global LNG in the 21st Century. In this Special Report, CERA has revisited and updated the origi ...
Publication Date: APR 2004
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Legal Unbundling: Disassembling the European Gas Puzzle
The second EU gas directive specifies that vertically integrated gas companies must legally divide their business activities into transmission operators and supply and marketing companies by July 200 ...
Publication Date: APR 2004
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Potential versus Reality: West African Oil and Gas to 2020
The upstream oil and gas industry in West Africa is at a crossroads. West Africa could become an increasingly important engine of production growth for oil companies, but political and market factors ...
Publication Date: APR 2004
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Private Equity in the Utility Sector: The Return of the LBO
The recent announcements of utility acquisitions by private equity funds join a short, but apparently growing, list of utilities owned completely or partially by private investors. Questions are now ...
Publication Date: MAR 2004
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Will M&A Fuel the Utility Growth Engine?
In the aftermath of the energy crises of the past three years, US utility companies have quietly stepped back from their forays in the unregulated world of competitive power and gas, and have turned ...
Publication Date: MAR 2004
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Mexico's Baja California Norte LNG: Difficult Times Ahead?
On Monday, March 1, Mexico's Baja California Norte state government expropriated Marathon's proposed site for a liquefied natural gas (LNG) regasification complex. The Marathon project and other prop ...
Publication Date: MAR 2004
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Facing the Music: US Industrial Gas Demand in an Era of High Gas Prices
Industrial end users of natural gas are facing a sustained period of high natural gas prices unlike in any period since the late 1970s and early 1980s. Has the natural gas industry already experience ...
Publication Date: MAR 2004
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Decreasing Reliance on Natural Gas: Nexen and Opti Approve C$3.4 Billion Oil Sands Project
The approval of the Long Lake steam-assisted gravity drainage (SAGD) project in the Alberta's Athabasca region is a key signal that high natural gas prices may decrease reliance on natural gas as the ...
Publication Date: FEB 2004
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Kazakhstan's Gas Dilemma
Kazakhstan is pursuing a strategy to increase utilization of associated gas in order to reduce its reliance on imported gas from Russia and Uzbekistan. But two key questions arise for the investors t ...
Publication Date: JAN 2004
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