 |
||||||||||||||||
| Industry Insights From MJMENERGY |
EU Energy Review Issue |
February 2007 |
||||||||||||||
 |
||||||||||||||||
Download printable pdf |
||||||||||||||||
|
Following on from the drama of Russia and Belarus the European Commission announced on January 10th a major package of energy and climate policy proposals, that call for Europe to cut greenhouse gas emissions by 20% by 2020 as well as a big shake-up of EU electricity and gas markets.
Although the
primary focus is quite clearly to promote the shift to low-carbon
energy, other objectives also include limiting the EU’s dependence on
external gas and oil imports as well as stimulating technology by
encouraging jobs and growth. |
||||||||||||||||
|
||||||||||||||||
 mWELCOME
Our public course dates for 2007 have now been published and can be seen at http://www.energytrainingnetwork.com/public_courses.htm The first three months can be found at MTRAIN. If you are still debating whether or not to come on our Gas Storage course on the 21st February please don't leave it too long. The places are filling up fast! Our special offer this month comes from FLAME 2007. If you want a good saving and are planning to go take a look at MOFFERS first. Please feel free to contact me about this newsletter and let me have your thoughts, what you like and don't like, I am open to your suggestions. And if you have enjoyed reading this newsletter and think you know someone who might also enjoy it then feel free to forward it on. Kind regards. |
||||||||||||||||
|
||||||||||||||||
|
All of our training courses can now earn, participating solicitors, CPD points from the law society. Attendance at any of our events may also contribute to meeting accountancy CPD requirements under the terms of the ICAEW’s CPD policy. Please visit www.icaew.co.uk/cpd for the ICAEW's CPD policy details. Over
the next
few months the
following one-day
events are being held in
London, UK. For an at a glance view of our 2007 public training
dates please visit: More information about these courses can be found by clicking on the course title or visiting energytrainingnetwork.com and clicking on public courses. Alternatively you can contact me by email or phone +44 (0) 1235 553917, fax +44 (0) 1235 553917. Any of our public courses can be held at your location, for your company, or they can be tailor made to your requirements. If you want to find out more contact our Training Manager Nick White +44(0) 1235 211161 and get ahead of the rest.
|
||||||||||||||||
|
* New for 2007 * Gas storage overview As the UK and Europe as a whole become increasingly dependent on gas imports and as trading markets develop, gas storage is becoming an increasing important tool for players in the liberalising markets of the UK and Europe. This one-day course provides an overview of the key issues in gas storage, including the rationale for storage, technologies used, storage services and regulation, storage projects and the crucial question of how to value storage in the competitive market. Why store gas?
Gas storage technologies and facilities
How storage is sold
Discussion and questions and answers
Case
study – A storage project
The future of storage Priced at £500 + VAT per delegate, this course will run in London on 21st February 2007. To book your place click here. |
||||||||||||||||
|
||||||||||||||||
| THE FORWARD CURVE Warm winter weather, rising non-OPEC supplies and concerns about the global economy triggered a sharp fall in oil prices over the past month. The front end of the forward curve remains in contango as crude stocks are still high compared with historical averages, but nearby WTI prices are now close to $50/bbl. Refined product stocks are up sharply following a slump in demand, adding to the downward pressure on prompt prices.
Longer-term prices have collapsed, with the back end of the forward curve now below $60/bbl all the way out to 2012. Although the market expects OPEC to cut output, weaker demand growth and growing supply competition make it more difficult to defend high prices. The balance of Calendar 2007 WTI is under $55/bbl – 10 cents above Brent or $51/bbl for the new OPEC basket of crudes.
CGES Monthly Oil Report, 22 January 2007 www.cges.co.uk |
||||||||||||||||
|
||||||||||||||||
|
mPHASIS!
|
||||||||||||||||
|
||||||||||||||||
|
I recommend that you take care of the minutes, for the hours will take care of themselves. Philip Chesterfield Letter to his son, 6th Nov |
||||||||||||||||
|
||||||||||||||||
|
mOFFERS RE: FLAME 2007 – £750 Discount! - http://www.icbi-uk.com/KN2140MZINEEM1 750+ Senior Attendees already confirmed 120+ Expert Speakers We are delighted to inform you that MZINE is a media partner for ICBI’s FLAME 2007 conference, taking place from 12th – 16th March 2007 at the Hotel Okura in Amsterdam. You can download the agenda on http://www.icbi-uk.com/KN2140MZINEEM1 or if you would like me to email it to you, please send me a quick email on hcoetzee@icbi.co.uk with your request. Book Now & Save up to £750This consists of a £600 early booking discount, plus an extra £150 off for all MZINE Subscribers! (offer ends 09.02.07) To claim this discount quote VIP CODE: KN2140MZINEEM1 when you book your place. You can book by: Tel: +44 20 7017 7200 OR Fax: +44 207 915 5101 OR E-Mail: info@icbi.co.uk OR Web: http://www.icbi-uk.com/KN2140MZINEEM1 Highlights for FLAME 2007
Jean-François Cirelli, Chairman and Chief Executive Officer, GAZ DE FRANCE Alexander Medvedev ,Deputy Chairman Management Committee, GAZPROM & Director General, GAZEXPORTPhilip Lowe, Director General, Competition, EUROPEAN COMMISSION Gertjan Lankhorst, CEO, GASTERRADieter Pfaff, Vice-President, Gas Supply Policy Division, E.ON RUHRGASTore Torvund, Executive Vice President, NORSK HYDRODavid Wells, Vice President Global LNG Supply, SHELL GAS & POWER Ahmed Al Khulaifi, COO-Commercial & Shipping, QATARGAS Anders Eldrup, President/CEO, DONG Herbert Vogel, Managing Director, BP GAS, POWER & RENEWABLES A full list of speakers is available on http://www.icbi-uk.com/KN2140MZINEEM1
Full workshop programmes can be downloaded on http://www.icbi-uk.com/KN2140MZINEEM1 4. Plus: Touching The Void – survival of the fittest Special Guest Speaker: Joe Simpson, One of the world’s most successful and respected mountaineers & authors. 5. NEW: Global, Regulatory & Political Views From: Republican Party of Ukraine, UK Conservative Party, Dutch Ministry Of Economic Affairs, Ofgem, ERGEG, German Regulatory Authority For Energy, French Energy Regulatory Commission, CREG, FERC – U.S.View!, Mitsubishi Corporation – Asian View!, Qatargas & Qatar Petroleum – Middle Eastern View! 6. NEW: Networking Opportunities: NEW: SPOTME – Brand new electronic delegate identifier & communicator device: a revolution in networking at Flame 07. |
||||||||||||||||
|
||||||||||||||||
   |
||||||||||||||||
|
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. Whilst articles published in this newsletter often carry a particular point of view, publication of them does not imply that we necessarily agree with them. Anyone wishing to contact the editorial team with regards to any of the above articles should email: editor@mjmenergy.com, or phone +44 (0) 1235 553917 Copyright © 2007, MJMENERGY LTD. All rights reserved (but feel free to copy, post, quote, think about or forward on) |
||||||||||||||||
