From: Arief Anshory <anshory@bdg.centrin.net.id>
To: "Teaching Economics" <tch-econ@elon.edu>
Subject: info
Date: Thu, 13 Apr 2000 18:18:58 +0700
Organization: RCEDS
Reply-to: tch-econ@elon.edu
Arief,
I just noticed that you were seeking international gas prices. How
large a region does natural gas trade in? I would think that the
difficulty in transporting gas narrows the size of the region in
which natural gas trades, making arbitrage a little difficult. Or am
I mistaken about the transportation technology? I though that N. Gas
was easily transportable across a continent, say, but difficult to
transport across oceans, making the trading region narrower, giving
rise to separate, somewhat identifiable, geographic markets. I know
that in the US, most of the futures contracts in N. Gas are stated in
terms of the price at the Henry Hub, outside of Lafayette, Louisiana
(not all that far from where I am). But I really do not follow N. gas
prices all that closely.
Morris Coats
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