Welcome to the March
issue of MZINE
our free monthly newsletter!
First of all apologies
for the lateness of this month's MZINE!
The
article this month looks at LNG Economic Modelling, see below, and
Derek, as usual has his own ideas on that, check out the cartoon.
The
Training dates take you up to June and we are offering some
three and four day events as well as our popular one day seminars.
We
also have some exciting news about our training courses, more on
that below.
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In This Issue
LNG Economic Modelling
Training Dates
Training News
Cartoon
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LNG Economic Modelling
To
find out more about this topic, please consider MJMEnergy’s LNG
Economic Modelling course running in Oxford from 12 – 15 May 2009.
http://www.mjmenergy.com/LEM.htm
LNG Supply Crunch!
Up until the summer of 2008, the world was expecting a large LNG
supply crunch in the coming few years. With rapid industrial
expansion in the Far East, along with a growing preference for LNG
over pipeline gas in many Western countries, demand was growing
rapidly. Meanwhile delays or cancellations to a number of proposed
liquefaction facilities led to concerns of a shortage of LNG supply
over the next few years. Prices for short-term LNG cargoes reached
as high as $18/MMBtu as Asian, European and US buyers scrabbled for
available cargoes. At the same time, some voices were raised
questioning the impact of the sellers’ market on future LNG demand.
Petroleum Economist commented after the Gastech conference in
Bangkok in May 2008 that “The growing shortages in LNG supply after
2010 could start to destroy demand, as potential buyers consider
alternative fuels.”
Read the rest of this article.
Training Dates
Below you will
find the list of training dates for our public courses over
the next couple of months.
Some of the one day courses will be held at Lord's Cricket
Ground, some in Oxford. Please check our website for
details.
The others will be held at Templeton College in Oxford. For more
information click the course title.
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1st April |
UK Gas Markets |
Gas
markets throughout Europe are undergoing
significant changes as liberalisation and
competition emerge. The UK has the most liberalised
gas market in the world, and has seen almost
continual change and development from 1990 to the
present day, with further changes expected due to
ongoing market evolution and the forecast UK gas
gap. |
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2nd April |
UK Electricity Markets |
The UK electricity
market introduction one-day seminar provides an
up-to-date overview of all the key factors and
trends in this fast-moving market. |
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29th April |
UK Gas & Power |
This one-day course provides a clear overview of
the UK gas and electricity industries and is an
ideal introduction for staff without a background in
the energy sector. The course addresses the basic
principles and key commercial realities of the UK
energy markets. |
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12th May |
LNG Economic Modelling |
This four-day course is designed to provide
delegates with an overview of the key issues in
modelling LNG economics. The course includes an
introduction to the LNG industry as a whole,
detailed analysis of each link in the LNG chain and
modelling strategies for these links, case studies
of real-life LNG projects, exercises in modelling to
reinforce the key commercial and strategic issues
covered. |
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1st
June |
21st Century Gas Regulation |
This three-day
course has been specifically developed by
MJMEnergy in order to explain both the background
and practice of gas market regulation as well as
providing suitable tools and intellectual and
practical frameworks for parties involved in 21st
Century gas regulation. |
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4th June |
Emissions |
This one-day
briefing on the evolving global carbon market
introduces you to carbon emissions trading,
explaining the "alphabet soup" of abbreviations,
rules and regulations that affect energy prices and
policy now and in the future. |
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10th June |
Buying I & C Gas |
This one-day course will equip
buyers, negotiators, users and those
representing the customer, with an up-to-date
understanding of today’s gas market to help optimise
their strategy. From the broader perspectives of
contract structures and the future of gas purchasing
to the specifics of understanding the effect of the
spot market and tendering and supplier selection,
the course will complement the understanding of
those already working within the arena and provide
an excellent foundation for those needing a full
understanding of gas purchasing for commercial and
industrial customers, small and large. |
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22nd
June |
UK Gas Trading & Risk
Management |
The UK gas trading market is
the most liquid in Europe, and is known for its high
volatility and sometimes extreme prices. The UK gas
– trading and risk management one-day seminar
provides a practical overview of the UK gas trading
market and explores risk management strategies for
gas market players. |
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.
Training News
MJMEnergy have
recently acquired approval from The Institution of Gas Engineers and
Managers to award CPD credit for attendance on all our training
courses. This is in addition to our accreditation under The
Solicitor’s Regulation Authority and potential ICAEW approval for
accountants.
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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. 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) 845 299 7072.
Copyright © 2008, MJMENERGY LTD. All rights reserved (but feel free
to copy, post, quote, think about or forward on) |
