Natural gas
Gas storage: rolling intrinsic valuation
John Breslin, Les Clewlow, Tobias Elbert, Calvin Kwok, Chris Strickland and Daniel van der Zee describe a simple to execute and risk-limiting trading strategy, the rolling intrinsic method
Trading places
Canada’s energy landscape is being reshaped. The NGX has changed handsand looks set to expand. Meanwhile, an Ontario government report warns more workneeds to be done to secure future power supplies. By Paul Lyon
Tech for gas turmoil
An adaptable straight-through processing system is crucial if natural gas marketparticipants are to stay profitable despite continuing price volatility, saysOpenLink International’s Jean-Claude Riss
Gas prices hit fertiliser industry
North American fertiliser producers are struggling for survival, thanks to the high cost of natural gas. Some have turned to hedging and pre-purchasing their gas, but such measures may not be sufficient. Paul Lyon reports
Power to the European gas markets
Interesting developments in theEuropean gas markets mean that 2003proving to be a good year.Luca Baccarini, managing director ofGaselys and market expert, looksforward to profitable times
From a gas crunch to a crisis
In this month’s Market Focus, GlobalView Software takes a look at the factors contributing to the current US natural gas crunch, which is drawing the attention of major political and financial figures
Seeking an end to manipulation
Renewed allegations of manipulation of natural gas pipeline capacity in the US have been partly blamed on regulatory complacency. How can regulators put an end to the problems dogging the gas markets? Catherine Lacoursière reports
Applying modern portfolio theory to optimal gas purchasing
Yijun Du and Xiaorui Hu present a general framework for applying modern portfolio theory to optimal natural gas procurements. They show that successful natural gas procurement involves determining the optimal allocation between fixed-price and floating…
US energy prices: in line for a fall?
A combination of concerns in the second half of January 2003 has boosted US oil and natural gas prices to levels not seen since the winter of 2000/2001. Will the higher prices stick? Logical Information Machines examines cause and effect
US gas market challenges
A new report from the investigative office of the Federal Energy Regulatory Commission finds that competitive natural gas markets in the US are robust, but warns of challenges ahead. Kevin Foster reports
A decision model for selling park and loan services
The park and loan model is useful for gas storages and pipelines. The concept can be applied to many ‘when to sell’-type decisions. Here, Huagang ‘Hugh’ Li considers selling park and loan services as a financial and statistical decision on revenue and…
In search of transparency
The open secret of index price manipulation in the natural gas sector is officially out, and the industry is scrambling to reform the system. Kevin Foster reports
Let’s get physical
Credit Lyonnais Rouse Derivatives is a commodity trader moving into natural gas trading. And not just on the financial side, as Joel Hanley discovers