Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

PIRA Energy Group's Weekly Natural Gas, Power and Coal Market Recap for the Week Ending September 28th, 2014
  • USA - English


News provided by

PIRA Energy Group

Oct 01, 2014, 12:45 ET

Share this article

Share toX

Share this article

Share toX


New York, NY (PRWEB) October 01, 2014 -- NYC-based PIRA Energy Group believes that the Ukraine hedge: high global gas stocks emerge outside U.S. In the U.S., stock build was a hair above consensus, while NYMEX gains. In Europe, final Details and credit grabbing hold up Russia/Ukraine deal for winter. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following:

The Ukraine Hedge: High Global Gas Stocks Emerge Outside U.S.

An almost completed deal among Ukraine, Russia, and the E.U. over gas deliveries this winter appears to be taking on an actual shape.

Post this

The key short term issue overshadowing LNG markets for winter, both in Europe and in Asia is this question of whether or not high gas storage levels, witnessed across the board, are indicative of weak demand, the weather (Spain, Japan), supply insecurities vis a vis Russia (all Europe) or a supply push from Asia due to the faster and stronger than expected start-up of two trains in Papua New Guinea, which put some 9-bcm/yr. of new supply into the region during its seasonal demand lull.

Stock Build a Hair Above Consensus, While NYMEX Gains

The EIA’s reported 97 BCF stock build was a hair above consensus amidst a tight range of estimates. Comparisons to both the five-year average and last year also narrowed considerably from last week to ~18 BCF and ~15 BCF, respectively. Despite the slightly above-consensus build, NYMEX futures jumped strongly on the news, with the prompt contract initially posting a ~8¢ gain before closing at ~$3.97/MMBtu.

Final Details and Credit Grabbing Hold Up Russia/Ukraine Deal for Winter

An almost completed deal among Ukraine, Russia, and the E.U. over gas deliveries this winter appears to be taking on an actual shape. Ukraine is saying “no, no, no” up until the end and Russia is haggling over a final detail or two, but it appears that the current terms for winter supplies will be going through and all that is left is for both sides to take credit for creating the deal and for not being put in the position of accepting a deal offered to them. PIRA continues to emphasize that while a deal between Ukraine and Russia would probably be good for all parties involved, Ukraine’s gas balances are not exactly dire. The country has a sizable amount of gas in storage and is in a good position to replace direct Russian gas imports with indirect Russian gas imports via Slovakia.

Henry Hub Pricing Already Having Appreciable Impact on Future Summer NBP Prices
In the not-too-distant future, Henry Hub plus X prices will be regularly quoted in Europe and Asia. The influence – if not the outright usage – of the North American benchmark will begin to emerge in late 2015, but a look at the forward curve for Europe and Asia is already instructive.

NYC-based PIRA Energy Group reports that Sales of electric vehicles in Europe lagging behind, with the exception of Norway. Thermal coal prices continue to fall amidst high supply, weak demand. Specifically, PIRA’s analysis of electricity and coal market fundamentals has revealed the following:

Sales of EV in Europe Lagging Behind, with the Exception of Norway

While electricity demand across Europe continues to be undermined by anemic macroeconomic growth, enhanced efficiency, and relocation of industries abroad, sales of electric vehicles also appear to be lagging behind, with only Norway and, in part Netherlands, showing some more interesting developments. The impact of the electric vehicles on grid-connected load is also starting to be clearer.

Thermal Coal Prices Continue to Fall amidst High Supply, Weak Demand

Coal prices continued to decline last week, as there have been few bullish developments in the past several weeks. Prompt API#2 (Northwest Europe) and API#4 (South Africa) lost the most ground, while FOB Newcastle (Australia) prices fell to a lesser extent but remained at a considerable discount relative to API#2 and API#4. As Chinese buying will be sluggish over the peak winter period, the seasonal tightening in balances in 4Q14/1Q15 will likely be lighter than prior years. High stockpiles in Europe (as well as other markets) compound this issue.

Short-Term Outlook for Cape Freight Rates Appears Gloomy

The week ending Sept. 19 saw a marked downward correction in Cape freight rates with the four-route Cape average falling from around $17,500/day at the end of the previous week to close at just over $13,800/day. The FFA market also turned bearish, particularly with regards to market prospects in 4Q14. The paper rate for Q4 has shed $6,000/day since late-August. As a result of the decline in pricing, Cape freight rates are expected to track closely in line with paper rates, however our outlook for 2Q15 Cape rates shifts lower than FFA rates before rebounding strongly in 2H15.

The information above is part of PIRA Energy Group's weekly Energy Market Recap - which alerts readers to PIRA’s current analysis of energy markets around the world as well as the key economic and political factors driving those markets.

Click here for additional information on PIRA’s global energy commodity market research services.

PIRA Energy Group
3 Park Avenue, 26th Floor
New York, NY 10016
212-686-6808
sales(at)pira(dot)com

Follow us on LinkedIn

Media Relations, PIRA Energy Group, +1 (646) 448-6395, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.