11.11.2011
There are five basic capacity allocation methods for using natural gas storage capacity:
Capacity goes with customer (CGWC)
First come, firt served (FCFS)
Pro rata
Auctions
Open seasons
04.11.2011
The Japan Crude Cocktail price, or the average price for customs-cleared crude oil imports which is used as the benchmark for LNG prices for Japanese buyers.
Price of gas in Japan is not exactly linked to the price of Brent but rather to the JCC namely the Japan Crude Cocktail which is an average of crude oils imported into Japan, and can be the average of at least 20 different crude oils imported into Japan rather than just Brent. The data to calculate JCC is published usually each month by the Government of Japan, and includes also a dollar yen exchange rate. This price is formed more by reaching an average of dozens and dozens of JCC contracts, all of which with a different formula and linkages with crude oil prices and spot cargo deliveries, although one can see that there is a direct, lagged, relationship to Brent.
26.10.2011
21.10.2011
means for any Contract Year a quantity of Gas equal to the sum of Buyer’s Annual Deficiency Quantities in prior Contract Years less the sum of the Make-Up Quantities taken in prior Contract Years and expired Make-Up Aggregate
12.10.2011
A distance of 500 meters from the center of the air gun array.