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MZINE January 2005 The LNG Issue
INDUSTRY INSIGHTS FROM MJMENERGY

THE LNG ISSUE

JANUARY 2005

Welcome mWELCOME
Return of LNG mSTORY
Training mTRAIN
Prices mPRICES
Feature mFEATURE
Mphasis mPHASIS!
Mpathy mPATHY
Offers mOFFERS

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After an absence of over 20 years, LNG ships once again return to the shores of the UK .

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.   

more on this story


mjmenergy.com

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

Paul Cassar
Editor
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mTRAIN

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

January 25th EMISSIONS TRADING

OXFORD

January 26th An INTRODUCTION to the UK GAS MARKET OXFORD
February 8th PRINCIPLES of the GLOBAL OIL MARKET OXFORD
February 9th THE GLOBAL LNG MARKET OXFORD
February 10th BUYING INDUSTRIAL AND COMMERCIAL GAS OXFORD
March 7th EMISSIONS TRADING ABERDEEN
March 8th PRINCIPLES of the GLOBAL OIL MARKET ABERDEEN
March 9th UPSTREAM OIL & GAS ABERDEEN
March 10th An INTRODUCTION to the UK GAS MARKET ABERDEEN
March 11th An INTRODUCTION to the NETWORK CODE ABERDEEN
March 16th An INTRODUCTION to the UK ELECTRICITY MARKET OXFORD
March 17th UPSTREAM OIL & GAS OXFORD
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mjmenergy.commPRICES
January - gas prices

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.


For daily prices by email visit Heren Energy Ltd.

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mjmenergy.commPHASIS!
for the lighter side of life!


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energypublishing.commPATHY
thought of the month!

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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mjmenergy.commOFFERS
this month's exciting offers!

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.

YP visual.jpg (237617 bytes)For 2005 we have produced a high quality A2 year planner detailing all of our training courses as well as space for you to mark those other important events. There is also other useful information such as a conversion chart relevant to the energy industry and netconnections, a list of web addresses at your fingertips. To receive one, please send me an email with your postal address and I will send you one with our compliments.

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energypublishing.commFEATURE

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!


LNG Today: 2004 edition

Executive summary 

Chapter 1: An introduction to LNG

LNG (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.  

To read the rest of this summary click here

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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