23.01.2010

Shows how much an investor has to pay for company growth

Ship capable of carrying different types of cargo, thereby achieving a more uniform flow of shipments. Typically termed OBO, an abbreviation for oil, bulk, ore, which means that the vessel is designed for cargoes of these and other bulk products.

Certificate required by the US Coast Guard for tonnage transporting oil products in the US economic zone to confirm the owner’s financial responsibility up to a specified amount for pollution caused in US waters.

Electricity Strategies are sets of policies under the control of a government and other decision makers involved in making decisions about the supply of electricity or energy policy in general. These include decisions about the capacity of new generating plants and the types of fuel to be consumed; decisions about investments in supporting energy infrastructure, such as pipelines and LNG terminals; levels of mandated reserve generating capacity; rules setting minimum or maximum shares of generating capacity by fuel used; dispatch order of electricity generation; administrative controls on land use; policies to control GHG emission levels; policies regarding electricity pricing by segments; policies regarding subsidies offered; policies regarding desired offsets or trade-offs between security of supply, price and emission levels. The important issue is for decision makers to understand what the trade-offs are and what drives the differences between strategies, so that in the final analysis policy course will result from political processes and discourses and political trade-offs. A decision about priorities among different criteria, such as cost versus the depletion of indigenous natural gas supplies (namely where domestic depletion or cost is less of a concern. If cost is less of a concern then Israel can focus more on LNG)

22.01.2010

A Joint initiative undertaken by 12 companies, most of them German, to build solar-power systems in the Middle East and North Africa, and to transmit the resulting electricity to Europe via undersea cables. By 2050 the project is supposed to supply 15% of the Continent’s electricity as well as most of that in the Middle Easter and North African countries where the solar sites will be based, such as Morocco, Tunisia and Algeria. The aim of Desertec is to create an industrial and economic infrastructure to exploit – in a commercially profitable yet ecologically clean way – the potential energy of desert sunshine. The project’s economic viability has been boosted by improvements in high-voltage direct current technology, which makes it possible to transmit electricity across great distances with an energy loss of only 3$ per 1,000 km, substantially less than the loss incurred in alternating current transmission. The idea emerged with the publication of the book “The Limits of Growth” by a group of intellectuals which predicted that the finitude of natural resources, especially oil, would effectively curb the world’s ability to sustain economic growth over time, a scenario realized in the oil crisis of 1973. The scope of the investment in Desertec is expected to reach about $600 billion

The volume of demand from firm customers in a period of 24 hours which would not be expected to be exceeded in more than one year in 20. The volume of winter demand for natural gas from firm customers that would not be expected to be exceeded in more than one year in 50.

The US Oil Pollution Act of 1990. Federal law imposing regulations on shipowners trading in US waters.

Short term loan that is expected to be repaid back quickly

Algeria sells two thirds of its gas to Europe via either the Trans-Mediterranean (Transmed) pipeline which was completed in 1983 and has a capacity of 24 bcm/y through which Algeria supplies Italy or through the 8.5 bcm/y Maghreb-Europe Gas Pipeline (MEG) which was completed in 1996 and through which Algeria supplies Spain. A third pipeline, the Medgaz pipeline with a initial capacity of 4 bcm/y to be increased to 16 bcm/y to link Algeria to Spain and France is under construction. Most of the gas that is sold from Algeria to Europe is linked to crude oil prices