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National Balancing Point (UK)
The National Balancing Point, commonly referred to as the NBP, is a virtual trading location for the sale and purchase and exchange of natural gas in the United Kingdom. It is the pricing and delivery point for the ICE Futures Europe ( IntercontinentalExchange) natural gas futures contract. It is the second most liquid Liquid is a state of matter with a definite volume but no fixed shape. Liquids adapt to the shape of their container and are nearly incompressible, maintaining their volume even under pressure. The density of a liquid is usually close to th ... gas trading point in Europe and has a major influence on the price that domestic consumers pay for their gas. Gas at the NBP trades in pence per therm. It is similar in concept to the Henry Hub in the United States but differs in that it is not an actual physical location. Operation Unlike continental European trading hubs such as Zeebrugge and TTF, trades made at the NBP are not required to be balanced, and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Prices Europe And US
Nature is an inherent character or constitution, particularly of the ecosphere or the universe as a whole. In this general sense nature refers to the laws, elements and phenomena of the physical world, including life. Although humans are part of nature, human activity or humans as a whole are often described as at times at odds, or outright separate and even superior to nature. During the advent of modern scientific method in the last several centuries, nature became the passive reality, organized and moved by divine laws. With the Industrial Revolution, nature increasingly became seen as the part of reality deprived from intentional intervention: it was hence considered as sacred by some traditions (Rousseau, American transcendentalism) or a mere decorum for divine providence or human history (Hegel, Marx). However, a vitalist vision of nature, closer to the pre-Socratic one, got reborn at the same time, especially after Charles Darwin. Within the various uses of the word t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium. Methane is a colorless and odorless gas, and, after carbon dioxide, is the second-greatest greenhouse gas that contributes to global climate change. Because natural gas is odorless, a commercial odorizer, such as Methanethiol (mercaptan brand), that smells of hydrogen sulfide (rotten eggs) is added to the gas for the ready detection of gas leaks. Natural gas is a fossil fuel that is formed when layers of organic matter (primarily marine microorganisms) are thermally decomposed under oxygen-free conditions, subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IntercontinentalExchange
Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the ''Fortune'' 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada, and Europe; the Liffe futures exchanges in Europe; the New York Stock Exchange, the world's largest stock exchange in terms of total market capitalization of its listed companies; equity options exchanges; and OTC energy, credit, and equity markets. ICE also owns and operates six central clearing houses: ICE Clear U.S., ICE Clear Europe, ICE Clear Singapore, ICE Clear Credit, ICE Clear Netherlands, and ICE NGX. ICE has offices in Atlanta; New York; London; Chicago; Bedford; Houston; Winnipeg; Amsterdam; Calga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Futures Contract
In finance, a futures contract (sometimes called futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The item transacted is usually a commodity or financial instrument. The predetermined price of the contract is known as the ''forward price'' or ''delivery price''. The specified time in the future when delivery and payment occur is known as the ''delivery date''. Because it derives its value from the value of the underlying asset, a futures contract is a Derivative (finance), derivative. Contracts are traded at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be the Long (finance), long position holder and the selling party is said to be the Short (finance), short position holder. As both parties risk their counter-party reneging if the price goes against them, the contract may involve both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Liquidity
In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity involves the trade-off between the price at which an asset can be sold, and how quickly it can be sold. In a liquid market, the trade-off is mild: one can sell quickly without having to accept a significantly lower price. In a relatively illiquid market, an asset must be discounted in order to sell quickly. A liquid asset is an asset which can be converted into cash within a relatively short period of time, or cash itself, which can be considered the most liquid asset because it can be exchanged for goods and services instantly at face value. Overview A liquid asset has some or all of the following features: it can be sold rapidly, with minimal loss of value, anytime within market hours. The essential characteristic of a liquid market is that there are always ready and wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pence
A penny is a coin (: pennies) or a unit of currency (: pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. At present, it is the formal name of the British penny ( p) and the '' de facto'' name of the American one-cent coin (abbr. ยข). ''Penny'' is also the informal name of the cent unit of account in Canada, although the production of one-cent coins was ended in 2012. The name ''penny'' is also used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remained the principal currency in Europe over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Therm
The therm (symbol, thm) is a non- SI unit of heat energy equal to 100,000 British thermal units (BTU), and approximately megajoules, kilowatt-hours, 25,200 kilocalories and thermies. One therm is the energy content of approximately of natural gas at standard temperature and pressure. However, the BTU is not standardised worldwide, with slightly different values in the EU, UK, and United States, meaning that the energy content of the therm also varies by territory. Natural gas meters measure volume and not energy content, and given that the energy density varies with the mix of hydrocarbons in the natural gas, a "therm factor" is used by natural gas companies to convert the volume of gas used to its heat equivalent, usually being expressed in units of "therms per CCF" (CCF is an abbreviation for 100 standard cubic feet). Higher than average concentration of ethane, propane or butane will increase the therm factor and the inclusion of non-flammable impurities, such as carbon di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Hub
The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. Due to its importance, it lends its name to the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX) and the OTC swaps traded on Intercontinental Exchange (ICE). It interconnects with nine interstate and four intrastate pipelines: Acadian, Columbia Gulf Transmission, Gulf South Pipeline, Bridgeline, NGPL, Sea Robin, Southern Natural Pipeline, Texas Gas Transmission, Transcontinental Pipeline, Trunkline Pipeline, Jefferson Island, and Sabine. The two compressor stations can compress 520,000 decatherm/d (6.3 GW). The transportation capacity is 1.8 billion ft3/d (bcf) (590 m3/s) (20.4 GW). Spot and future natural gas prices set at Henry Hub are denominated in US$ per millions of Brit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Title Transfer Facility
The Title Transfer Facility, more commonly known as TTF, is a virtual trading point for natural gas in the Netherlands. This trading point provides facility for a number of traders in Netherlands to trade futures, physical and exchange trades. Set up by Gasunie in 2003, it is almost identical to the National Balancing Point (NBP) in the United Kingdom and allows gas to be traded within the Dutch Gas network. The TTF is operated by an independent subsidiary of Gasunie, Gasunie Transport Services B.V., which is the Gas Transmission System Operator in the Netherlands. Wholesale gas trading at the TTF is predominantly conducted over-the-counter via interdealer brokers. Physical short-term gas and gas futures contracts are also traded and handled by the ICE-Endex Exchange (Amsterdam) and via the PEGAS exchange. Gas at TTF trades in euros per megawatt hour. In the two decades since its inception trades at the TTF have grown exponentially and exceeded domestic volumes in the Nethe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interconnector (North Sea)
Interconnector operates the physical, bi-directional gas pipeline between the UK and Belgium, providing 20 bcm/yr of UK export capacity and 25.5 bcm/year of UK import capacity. The operation is located over three sites - commercially in London, and physically from gas terminals at Bacton in the UK, and Zeebrugge in Belgium. Construction of the pipeline was completed in 1998. The pipeline provides bi-directional transport capability to facilitate energy trading in both the UK and continental European gas markets. The Interconnector pipeline is an important part of the energy supply chain providing economic benefits and promoting security of supply. Interconnector have demonstrated reliability and historically met 99.8% of nominations over a 20 year period. Economic impact The pipeline provides not only the physical capability to move gas from one end of the pipe to the other, it has been a key factor in the liberation of energy markets across Europe - enabling energy trading and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Trading Hubs
Nature is an inherent character or constitution, particularly of the ecosphere or the universe as a whole. In this general sense nature refers to the laws, elements and phenomena of the physical world, including life. Although humans are part of nature, human activity or humans as a whole are often described as at times at odds, or outright separate and even superior to nature. During the advent of modern scientific method in the last several centuries, nature became the passive reality, organized and moved by divine laws. With the Industrial Revolution, nature increasingly became seen as the part of reality deprived from intentional intervention: it was hence considered as sacred by some traditions (Rousseau, American transcendentalism) or a mere decorum for divine providence or human history (Hegel, Marx). However, a vitalist vision of nature, closer to the pre-Socratic one, got reborn at the same time, especially after Charles Darwin. Within the various uses of the word t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
