OXFORDINSTITUTEFORENERGYSTUDIESNaturalGasResearch
Programme
Oil and Money
14th November 2012
Howard V Rogers
Director of N...
OXFORDINSTITUTEFORENERGYSTUDIESNaturalGasResearchProgramme
0
5
10
15
20
25 Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-1...
NaturalGasResearch
Programme
European Price Spreads
3
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
€/MWh
German Contract NBP...
NaturalGasResearch
Programme
Japanese Power Company Financial FY 2011
4
http://www.oxfordenergy.org/2012/06/a-realistic-pe...
NaturalGasResearch
Programme Lord Browne’s (CEO BP) view of
gas price negotiations in 1994
“I cannot wait to move our gas ...
NaturalGasResearch
Programme
THANK YOU
6
howard.rogers@oxfordenergy.org
Upcoming SlideShare
Loading in …5
×

Howard Rogers talks about the Natural Gas Outlook at last year's Oil & Money Conference

332 views

Published on

Howard Rogers, Director of the Natural Gas Research Programme at Oxford Institute for Energy Studies, shared his ideas on the natural gas outlook at the 2012 Oil & Money Conference. In this presentation he reviews and comments on the gas prices from 2007 to 2012, as well as the European prices spreads.

Join us at Oil & Money Conference 2013 to hear from and interact with the CEO's of global energy companies, oil ministers and expert analysts as they share their view of the 'revolution' which is taking place in the global energy industry. If you are particularly interested in natural gas you will particularly enjoy our sessions: 'Will Regional Natural Gas Markets Ever Converge?' and 'The New World of Oil and Natural Gas Trading.'

Please join us at Oil & Money Conference 2013 this October at the InterContinental London Park Lane for high-level discussions and debates on the crucial issues facing the international energy sector, then join us. Visit www.oilandmoney.com for more information.

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
332
On SlideShare
0
From Embeds
0
Number of Embeds
17
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Howard Rogers talks about the Natural Gas Outlook at last year's Oil & Money Conference

  1. 1. OXFORDINSTITUTEFORENERGYSTUDIESNaturalGasResearch Programme Oil and Money 14th November 2012 Howard V Rogers Director of Natural Gas Research Oxford Institute for Energy Studies
  2. 2. OXFORDINSTITUTEFORENERGYSTUDIESNaturalGasResearchProgramme 0 5 10 15 20 25 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 $/mmbtu Gas Prices 2007 – September 2012 Henry Hub NBP Europe Oil Indexed Contract est. Asian LNG Spot Average Japan LNG Price Brent
  3. 3. NaturalGasResearch Programme European Price Spreads 3 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 €/MWh German Contract NBP Indicative Uncertainty Range Given Contract Concessions
  4. 4. NaturalGasResearch Programme Japanese Power Company Financial FY 2011 4 http://www.oxfordenergy.org/2012/06/a-realistic-perspective-on-japan%E2%80%99s-lng-demand-after-fukushima/
  5. 5. NaturalGasResearch Programme Lord Browne’s (CEO BP) view of gas price negotiations in 1994 “I cannot wait to move our gas sales contracts onto a gas market index. At the moment what happens when we want to develop a new gas field is this: our people sit down with the buyers and have a leisurely series of lunches that goes on for 2 years, at the end of that period they come up with a price that any two moderately intelligent people could agree on in 10 minutes. Then they index it to something completely irrelevant. I can guarantee that by the time the gas is flowing, the price we get for it bears no relation to its value” 5
  6. 6. NaturalGasResearch Programme THANK YOU 6 howard.rogers@oxfordenergy.org

×