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| Since
the early 1990s the UK has been self-sufficient in natural gas due to the increasing production
from the North Sea fields. This enabled the UK to become an net exporter of gas over the last few years as supply has
exceeded demand. But this has not always been the case.
In October 1964 the world’s first commercial shipment of LNG (Liquefied Natural Gas) was delivered to Canvey Island, UK.This continued for fifteen years, as one million tonnes per annum (mtpa) of LNG arrived from Algeria. In 1979 the first international LNG contract expired and the shipments ended in 1980. The facilities at Canvey Island were later dismantled as the UK enjoyed the benefits of having its own supply of pipeline gas from UK and Norwegian field that met the demand needs at the time. |
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mWELCOME
MJMENERGY would like to welcome you to the first issue of MZINE, our free monthly newsletter. This issue is titled The LNG ISSUE, and looks at the impact of LNG once again being sold to theUK gas market as well as the effects on the EU gas market. See the MSTORY for more information. Dedicated to current issues within the energy industry our aim is to serve you with useful prices, see MPRICES, as well as a feature on current reports that may be of interest to you. This month’s MFEATURE looks at LNG Today: 2004 edition and includes the full text from the executive summary. Make sure you visit MPHASIS! to lighten up your day, along with MPATHY, our thought of the month. Don’t forget to check out MOFFERS for this month’s amazing offers and our section MTRAIN will keep you up to date on our training courses over the next three months. If you have any thoughts, comments, suggestions or criticisms, please let us have them, we will always be happy to hear from you. You never know, you might even get a mention! The first mention goes to Rachael Dunne of Polimeri Europa UK Ltd who is the winner of our Apple i Pod competition! Kind regards |
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The table below shows the training courses coming up over the next three months. All are in Oxford, England, apart from the 7th -11th March, where we will be making a return visit to Aberdeen, Scotland. For more information and/or to book your place, please click on the course title or contact me by email or phone +44 (0) 1865 395826, fax +44 (0) 1865 395959
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January's Within-day and Day-ahead prices are currently sitting happily around the 28-30p/th mark, with plenty of gas stored away for a snowy day, which is a far cry away from the 50p/th or more that it was forward selling for in Summer 04. But it was anyone's guess what the winter temperatures would be like and how much gas would be available. Q1 06 is projecting quite high at the moment as buyers have an expectation that gas supplies will be short, but with Grain LNG expecting to come on-line in April bringing in a fresh supply from a new source, the market's response may well drive that down over time.
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It is not the critic who counts, not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man in the arena, whose face is marred by dust and sweat and blood, who strives valiantly - who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who at best knows in the end the triumph of high achievement, and who at worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who have never known neither victory nor defeat. – Teddy Roosevelt |
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LNG TODAY: 2004 edition normal price £500. If you purchase a copy during January 2005 we will give you a 20% discount. So you only pay £400.
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This month's MFEATURE gives us a glance at the treasures to be found in the newly up-dated and expanded edition of LNG TODAY: 2004 edition. Written by LNG expert Andy Flower and published by the Energy Publishing Network in co-operation with Gas Strategies. Hard copies of the full report can be found purchased from The Energy Publishing Network for £500. But check out this MONTHS OFFERS first! |
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Chapter 1: An introduction to LNGLNG
(Liquefied Natural Gas) is gas cooled to below –161°C, where it
liquefies and can be stored as a boiling liquid in insulated tanks. LNG
carried by specially built ships offers an alternative means of
transportation to pipelines, and may be more economic than pipelines
particularly over long distances. Around 6% of world gas production is
transported as LNG. The
LNG industry developed from experiments in the USA
in 1950s, with the first delivery of LNG to the UK
in 1959 and commercial deliveries of LNG from Algeria
to the UK
and France in 1964 and 1965. The industry then saw major growth with new markets in
Japan
from 1969, supplied from Alaska
and Brunei, and later Indonesia, Malaysia
and Australia. The oil price shock in 1973 encouraged the further development of LNG
as it improved the competitive position of LNG and led to the
development of oil price indexation in LNG supply contracts. |
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| MJMENERGY LTD have provided all
the information in this newsletter free of charge to anyone who wishes to
read it. We cannot be held responsible for any inaccuracies although all
information is believed to be correct at time of publication. Anyone
wishing to contact the editorial team with regards to any of the above
articles should email: editor@mjmenergy.com
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