Transport & Storage - Pricing more critical than ever
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Transport & StoragePricing more critical than ever
Rudolf Huber
Head of Business Development, EconGas GmbH
Barcelona, 30 January 2009
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Numbers???
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Long distance transport
Price a factor or not?
The un-flexibility factor
Netback – the big equalizer
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Regional Transport
More strategic than economic
Better price attracts business
Swaps better suited
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LNG
The flexibility factor
Advantage – or not so much?
Only real price competition
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Storage – original intentions
Transform baseload into structure
No money incentive
Necessity driven
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The uncertainty factor
Recent events point to need for more
World became much more uncertain
What cushion do you feel comfortable with?
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Taking a stance
Playing on price differential
Strategic gamble
Depends on situation of the player
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Depleted fields or caverns
Maybe not for everyone
Can you absorb the rates
Assumes solid physical portfolio
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LNG tanks
No real storage
Structuring tool
But paid asset
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Floating storage
Divertability
Limited attractions for commercial gambles
Option of very last ressort
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Strategic positioning
Long before operations commence
Preparing the playground
Flex and its price
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The human factor
Teams value more than contracts
Optimisation trumps
No real treshold for good or bad price
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► EconGas GmbH
ARES Tower, Donau-City-Strasse 11, 1220 Vienna, Austria
www.econgas.com