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Have you ever
wondered why fences around animals on small holdings always
look untidy? Today I found out why they look that way. I
keep chickens. They’re great and their eggs are the tastiest
ever!
Last week we introduced a new chicken to the pen and this
has brought trouble to the general pecking order, so the new
little chick gets beaten from time to time as this new order
gets established, and of course she doesn’t like it. So she
has found ways out of the pen.
She managed to get through the gate, so I patched that up.
She managed to jump over the fence (with the aid of her
wings) so I have made it higher.
The overall effect is things look untidy now, but she is
constrained in the pen.
The Network Code can look a bit like my chicken pen.
When new players come along they may find ways out of the
fence and so changes need to be made to accommodate them. To
other players a lot of the new rules or extra bits of wire
(if you’re a chicken) are unnecessary, and they can prevent
you from seeing the real reason that the fence is there.
(Keeps them safe)
To assist you with the Network Code and the bits that are
only relevant to you we introduce 'TECCS’ (The Energy Codes
Changes Service). If you want to check it out
click here and try a free
two month trial and see if helps things look to you a little
clearer and not quite so untidy as it was before. |
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Training Dates
Global LNG
LNG Spot
Market
Derek's Toon
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Training Dates:
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All of our training courses can
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. |
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Global
LNG Markets
A ONE-DAY SEMINAR
Understanding the physical and commercial realities of LNG
The LNG
business is expanding at an unprecedented rate as buyers
seek alternative sources of supply to meet increasing
natural gas demand and replace declining domestic
production. A record number of new liquefaction and
regasification terminals are under construction or being
planned. Rapidly rising construction costs are creating new
challenges for liquefaction projects and developers of
regasification terminals are finding it difficult to secure
long-term supplies.
Presented by LNG experts Andy Flower and David Ledesma, this
one-day course is an ideal opportunity for delegates to
learn about the realities and challenges of this rapidly
changing business.
Programme:
-
Introduction to LNG
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The LNG
Chain
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LNG
Markets
-
LNG Supply
-
Pricing
-
Short-term
Trading
To find out
more and book your place
click here. |
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Overview of LNG Spot Market
Although there
is currently a lot of gas around the world, one of the major
challenges is transporting it to market efficiently and in a
cost-effective manner, particularly in the light of the
growing distance between many of the major sources of
production and consumption as reserves are depleted in
Europe and North America. A key technology for meeting this
challenge is the use of liquefied natural gas (LNG). It is a
product that allows large quantities of gas to be
transported efficiently over long distances to isolated
markets (e.g. Japan). In practice this requires the gas to
be transported via pipelines from the upstream gas-fields to
liquefaction plants, then shipped in LNG tankers to the
re-gasification plants for onward transmission and
distribution to local markets. Commercially LNG is currently
traded under two main types of contracts, long term
contracts, and short term contracts. The purpose of this
article is to examine the development of the short-term LNG
market sometimes referred to as the LNG spot market.
Read more |
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