Analysis of the Price Correlation between the International Natural Gas and Coal

Li, Hong; Chen, Long; Wang, Di; Zhang, Huize

doi:10.1016/j.egypro.2017.12.376

Cited by 22 publications

(12 citation statements)

References 1 publication

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“…Jordan et al (2018) declined natural gas prices and slower growth in electricity consumption reduced coal demand and mining profitability, raising closures. While Shafiee and Topal (2010) found a relationship between natural gas and coal prices to be weak, in line with (Li et al, 2017) finding the effect of coal prices on natural gas prices was very small, but the effect of natural gas prices on coal prices was very strong in North America and Germany, but in Japan, the effect of natural gas on coal is weaker compared to other regions. According to Bachmeier and Griffin (2006), for energy products that are included in the same integrated product and geographical market, usually, as opposed to different, a series of supply/demand factors determine the formation of prices and product flows.…”

Section: Crude Oil Price Gas Price Coal Demand and Coal Pricementioning

confidence: 58%

The International Gas and Crude Oil Price Variability Effect on Indonesian Coal Mining Companies Listed at IDX

Adi¹

2022

IJEEP

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This study investigates the influence of gas price, crude oil price and international coal demand on coal sales volume, coal selling price, coal sales revenue, financial performance, business risk and stock price Indonesia coal mining is listed on Indonesia Stock Exchange (IDX). The sample is Indonesia coal mining companies listed on IDX in the period 2014 – 2018. This study employs a structural equation model using GeSCA software to examine the relationship and effect between research variables. The empirical result shows that Crude Oil Price has a significant positive effect on Gas Price and International Coal Demand, bidirectionally. Gas Price has a significant negative effect on International Coal Demand, bidirectionally. International Coal Demand has no significant positive effect on Coal Selling Price and Sales Volume. Coal Selling Price has not a significant positive effect on Sales Volume. Production Cost has a significant positive effect on Coal Selling Price. Coal Selling Price and Sales Volume have a significant positive effect on Sales Revenue. Coal Sales Revenue has a significant negative effect on Enterprise Risk. The originality of this study investigates a relationship between International Coal Demand, Coal Selling Price and Coal Sales Volume which has never been done in previous research.

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Section: Crude Oil Price Gas Price Coal Demand and Coal Pricementioning

confidence: 58%

The International Gas and Crude Oil Price Variability Effect on Indonesian Coal Mining Companies Listed at IDX

Adi¹

2022

IJEEP

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“…A natural starting point is considering the prices of related energy products like oil, coal, and power. The literature review indicates that oil (Geng et al, 2017) and coal (Li et al, 2017) prices influence the natural gas price (Papież & Śmiech, 2011). This is intuitive since coal, oil, and natural gas can be used for power generation.…”

Section: Market Data and Stylized Factsmentioning

confidence: 99%

Distributional modeling and forecasting of natural gas prices

Berrisch

Ziel

2022

Journal of Forecasting

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We examine the problem of modeling and forecasting European day‐ahead and month‐ahead natural gas prices. For this, we propose two distinct probabilistic models that can be utilized in risk and portfolio management. We use daily pricing data ranging from 2011 to 2020. Extensive descriptive data analysis shows that both time series feature heavy tails and conditional heteroscedasticity and show asymmetric behavior in their differences. We propose state‐space time series models under skewed, heavy‐tailed distributions to capture all stylized facts of the data. They include the impact of autocorrelation, seasonality, risk premia, temperature, storage levels, the price of European Emission Allowances, and related fuel prices of oil, coal, and electricity. We provide rigorous model diagnostics and interpret all model components in detail. Additionally, we conduct a probabilistic forecasting study with significance tests and compare the predictive performance against literature benchmarks. The proposed day‐ahead (month‐ahead) model leads to a 13% (9%) reduction in out‐of‐sample continuous ranked probability score (CRPS) compared with the best performing benchmark model, mainly due to adequate modeling of the volatility and heavy tails.

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“…Since natural gas has fairly high transportation charges between continents, its price has been mostly set in a continental market (Brown, 2017). Globally, the natural gas price is under the influence of the market and the price of fuel (Li et al, 2017). It varies over time and across the international markets .…”

Section: Natural Gas Market and Pricingmentioning

confidence: 99%

An overview of the natural gas sector in Tanzania - Achievements and challenges

Bishoge

Zhang

Mushi³

et al. 2018

jaar

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In the recent years, Tanzania has discovered a lot of natural gas reserves which are expected to influence positively the socio-economic and political development of the nation. It provides the potential opportunities to government, domestic and foreign companies and thelocal community. However, the main objective of any natural resource management is to assist the country to realizethe actual economic growth of its people. This paper, therefore, is intended to provide the overview of the natural gas sector in Tanzania. It analyses natural gas history, reserves, extraction and supply; infrastructure; market and pricing; and it moreover, evaluates the achievements and challenges facing the natural gas industry development.

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Analysis of the Price Correlation between the International Natural Gas and Coal

Cited by 22 publications

References 1 publication

The International Gas and Crude Oil Price Variability Effect on Indonesian Coal Mining Companies Listed at IDX

The International Gas and Crude Oil Price Variability Effect on Indonesian Coal Mining Companies Listed at IDX

Distributional modeling and forecasting of natural gas prices

An overview of the natural gas sector in Tanzania - Achievements and challenges

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