Charles Dickens* is more closely linked to Liquefied Natural Gas (LNG) than you think. He is attributed with the origins of the phrase ‘it’s a gas’ (= fact no.1), as it is derived from his quote ‘everything is gas and goiters’. (A goiter is the swelling of the thyroid gland. Let’s move on, swiftly…). Here are nine other facts about LNG you can drop into conversation at a cocktail party: » read more
Archive for the ‘UK natural gas’ Category
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Apr 28 2011 @ 9:53am by Matt Smith in Global Energy, Natural Gas, UK natural gas
LNG: It’s a gas! (…and 9 other facts)
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Mar 14 2011 @ 7:51am by Matt Smith in Crude Oil, Global Energy, UK natural gas
Earthquakes, Tsunamis, and Caterwauls: Update on Global Events
As there appeared no let up in developments over the weekend (or their impact on energy markets), it made sense to collect info, links, and stats here (clients can find further analysis in today’s weekly doc) to get you up to speed on this Monday morning: » read more
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Jan 19 2011 @ 10:09am by Matt Smith in Global Energy, Natural Gas, UK natural gas
Bringing It All Back Home (to Energy) – Bob Dylan And Current Markets
I know this is going to sound weird, but the other day I had a craving for some harmonica. It was like the craving I get for a decent curry or (the very occasional, ahem) glass of red wine. So the first place I turned to quench my harmonica thirst was Robert Allen Zimmerman (aka Bob Dylan). And it was while looking through a bunch of his songs that I inevitably saw a path back to energy… » read more
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Jan 7 2011 @ 10:55am by Matt Smith in Crude Oil, Global Energy, Natural Gas, risk management, UK natural gas
Burrito Bites
Well, it has certainly been an eventful first few days to kick off 2011, with natural gas all over the shop, as cooler weather outlooks rally prices, while bearish fundamentals hang out in the background, heckling the bulls. Crude is baffled by a stronger dollar despite rising equities and moderately decent data; hence it has been bashed back below $90, as European default worries pummel the euro, making the US look relatively spry in comparison. Meanwhile, the monkeys are the smart ones and have sought out the radiators in this most frigid of months. Let’s forget about frostbite for these bites instead: » read more
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Dec 22 2010 @ 10:21am by Matt Smith in Natural Gas, risk management, UK natural gas
Now Panic And Freak Out
Earlier in the year, I wrote a post about the sideways movement in US natural gas and crude oil prices, called ‘Keep Calm And Carry On’. Well, now seems an opportune time to flip the coin, as we are seeing UK natural gas prices panic and freak out.
NBP (National Balancing Point – aka UK natural gas) prompt month prices have rallied as much as 36% since early November, as a cold start to winter has caught the market off-guard and depleted storage levels at a rapid clip. After last year’s coldest winter in over thirty years, there was the expectation that the UK was owed a mild winter; but this seems not to be. The entire UK has spent much of December under a blanket of snow (a rare occasion in itself), while temperatures are registering record lows. Given this backdrop, it is not wholly unsurprising that prices are both panicking and freaking out to reach twenty-two month highs, as gas demand reaches record levels. » read more
