gillnumil ® 16-Sep-2019 11:40

Gas Trading Manual: A Comprehensive Guide to the Gas Markets


Year: 2003
Language: english
Author: David Long and Gay Wenban-Smith
Publisher: Woodhead Publishing Limited
Edition: 2nd
ISBN: 978-1-84569-456-2
Format: PDF
Quality: OCR without errors
Pages count: 641
Description: Much has changed in the gas market since the first edition of Gas Trading Manual was published. Some of these changes were to be expected, others came as a complete surprise. Progress has continued towards greater market liberalisation, but the balance of power has shifted. European gas and electricity markets are gradually being opened up to competition and EU energy ministers have finally agreed to speed up the process, setting a new target date of July 2007 by which all consumers must be able to choose their supplier. However, the nature and identity of the participants is changing. The collapse of Enron forced everybody to re-evaluate the role of trading in their business and many have scaled back their activities. At the same time, mergers and acquisitions are restructuring the corporate landscape, creating big new multinational utility companies with different priorities. Nevertheless, trading is here to stay - even if it no longer leads the way - and the opening up of the European gas and electricity markets continues to foster the development of new market structures wherever they are needed.

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