iJust before update 477,215, mail magazine 965)
Daily by Hayao Adachi
080905
| Who am I| | Asian Power & Energy Front| | Photos | | Japanese Version |
Since 1998 October
iJust before update 477,215, mail magazine
965)
Daily Asia Power Energy, Septyember 5, 2008 - India's gas to Warring Period
"India's gas to Warring Period"
Recently, for Indonesian Tangghu LNG base,
LNG prices are to 20 dollars per million
Btu (mmBtu), which is, I commented, corresponding
to power rate of 17 cents. It may be a non-profitable
for power sectors in Asia except Japan, I
wrote. In response, I got a mail from a friend.
He was speaking following.
"LNG price is, being different from
crude oil trade in the market, not same among
producing countries and receiving countries,
and can be determined by the relative contract.
For Natural gas to the U.S. market, even
they have the Henry Hub in the U.S. alone,
generally ,there is no market like as WTI
trading in crude oil. For example, Qatari
LNG is not the same for India and Pakistan,
Japan, Korea and so on. The prices are totally
different. (Omitted) It is told that Japan's
current LNG has a general formula, 0.15 *
JCC (Japan Crude Cocktail Price) +1.0 RAM;
because, JCC is currently US $ 110 and that
the US $ 17.5/mmBtu. " (Adachi's tentative
translation)
Also on the Internet, Information Mizuho
Research Institute, environmental resources
and energy sector, Mr. Tetsuya Tomita, a
senior consultant said as in the following
description. "At this time, as imports
of equipment and inadequate storage facilities,
gas prices are rising very easily, and in
November last year, the spot trading price
of 20 dollars, which is corresponding to
oil prices of 100 dollars per barrel. The
situation also occurs in excess of the price,
and it is required to have stability of infrastructure.
" (Adachi's tentative translation)
These information is useful instructions
for reading the posts of today's India and
descriptive. In India, Indian State Oil and
Gas Corporation, ONGC, and private sectors
led by Reliance Industries (RIL) are in the
fierce competition at low-lying areas in
eastern India, KG basin. The government has
a standard price of 4.32 dollars per mmBtu
for natural gas, which is calculated from
60 dollars per barrel of crude oil, but the
reality of crude oil is now 110 dollars.
Reliance Industries (RIL) and private enterprises
have been respecting the governmental standard
and followed the price of about five to six
dollars, and supplying natural gas to the
fertilizer and power plants. ONGC is there,
in one swoop through the price 16 dollars,
and Maharashtra state government negotiated
with ONGC mobilizing chief minister Vilasrao
Deshmukh himself. In the end, 11 dollars
is agreed by both parties and ONGC is to
provide gas to the Uran-fired power plant,
which is located at the opposite bank of
the Mumbai.
This ONGC price gives a big impulse to the
gas sector in India, and Reliance Industries
(RIL) and other private companies are eyeing
to negotiate the gas price with their clients.
It may not be too much words that the India
gas is entering into the Warring period.
The ONGC price of 11 dollars is corresponding
to the power price of 9 cents per KWh.
Reference
September 5, 2008
Vietnam
080905A Vietnam, vietnamnews
MRC extends co-operation with China
http://vietnamnews.vnagency.com.vn/showarticle.php?num=03POL040908
Philippines
080905B Philippines, Manila Bulletin
ERC directs Meralco to open books to COA
http://www.mb.com.ph/BSNS20080905134316.html
India
080905C India, Economic Times
Power woes make state pay through nose for
ONGC gas
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/Power_woes_make_state_pay_through_nose_for_ONGC_gas/articleshow/3446205.cms
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