buy custom Future LNG essay

buy custom Future LNG essay The present and future LNG trade is influenced by a number of factors. However, the structure of the global market of LNG impacts significantly on the present and future LNG trade (Yergin and Stoppard, 2003, pp. 103-114). The main issues are variations in the mechanisms of pricing and the history of LNG in the Pacific and the Atlantic basins. Other matters revolving around the nature of LNG market are basically recent changes in the market that have been found to propagate flexibility in LNG trading. The declining trend in the cost of LNG conneced with a value chain and emerging participants in the LNG market also have a hand in the dynamism of the current market (The Global Liquefied Natural Gas Market 2003, par. 1-4). LNG trading started from different perspectives and forms in the Pacific and Atlantic basins. This has affected the volume of LNG import, the systems of pricing and the terms of contracts in the market. Importing nations in the Pacific Basin are nearly absolutely reliant on LNG, whereas nations in the Atlantic Basin utilize pipeline imports and home-based supplies together with LNG to suffice the demand of natural gas. In fact, current changes that have been realized in the LNG market proved to be increasingly flexible. It is no doubt that the terms of contracts in the market have loosened based on both quantity and price. Thus, market negotiations will be shorter, before being signed and executed (Hallouche 2006, pp.15-23). These trends seem good, although there could be some uncertainties in determining the final retail prices of LNG. Liquefaction costs, shipping fees and degasification costs have been reduced greatly with time, hence, cutting down the cost of production. The market for LNG is basically facilitated through lasting contracts concerning mechanisms of pricing fixed for products of petroleum. However, this may not necessarily lead to less retail prices. Cheaper costs of operations may not benefit the final person in the supply chain. Therefore, sellers and buyers take reversed roles in the market. Those involved in purchasing have currently been investing entirely in the upstream. This even includes plants that liquefy gas. Both the Tokyo Electric Power and the Tokyo Gas Company have invested in the Darwin Gas Liquefaction Company located in Australia. On the other hand conventional sellers like Shell and BP have leased out their capacity terminals diversifying their role in trading. Among emerging buyers there are the Dominican Republic and Puerto Rico (Hughes 2011, pp. 11-21). There are notable differences between the Pacific and Atlantic Basins. Original supplies of natural gas towards the end of the 20th century were enormous for many nations in the Atlantic Basin. Pipeline gas was readily available. It was not easy for LNG to contend and, as a result, the import of LNG into the Atlantic Basin experienced a slow growth. LNG forms a small part of the scale of natural gas available in Europe and American markets. LNG competes with both pipeline imports and domestic supplies. However, the Pacific Basin LNG importers like South Korea, Taiwan and Japan have very little production of domestic gas and there are no pipeline import sources for natural gas. Current LNG importers around the Pacific Basin do not access natural gas through pipeline imports. However, LNG imports came into the region mainly in 1980s and up to early 1990s. This took place, because there was a need to supplement oil energy sources. The security of supply was a more significant considerat ion in this region than the price (The Global Liquefied Natural Gas Market 2003, par. 1-4). The above issues, taking place in the second half of the 20th century, are likely to be replicated in current and future trends in LNG market. Pricing around the world in LNG markets revolves around the same factors of availability and supply of supplementary fuels. LNG prices are normally expressed in American dollar per million Btu (MMBtu). Prices can be determined by the free on board (f.o.b.) or even calculated through delivered ex-ship. Most emerging contracts in the LNG market are based on f.o.b. The reason for this is that those making purchases regard this as getting more control over the already determined price and, thus, allowing buyers to trade excess LNG cargos. Gas hubs that involve both pipeline gas and LNG are emerging in the United Kingdom, America and Belgium offering opportunities for the arbitrage pricing and the ultimate convergence pricing (Eberhardt 2002, pp. 21-44). In the past, LNG prices were high in the Pacific basin reaching a maximum of US$4/MMBtu. Pricing is generally less in the Atlantic Basin as compared to the Pacific Basin by US$1/MMBtu for the last decade. The increasing growth of LNG supply in the Middle East could lead to the convergence of the Pacific and Atlantic prices. Currently, the volume of Middle East LNG in the Atlantic Basin is comparatively small. However, a number of Middle East projects take efforts to supply North American and Europeanmarkets. Moreover, when terminals of LNG import are constructed in the West Coast of North America, suppliers from the Pacific Basin may finally get enhanced access to the market in the United States. Therefore, accessibility is a very important aspect in the LNG market. Prices can easily be controlled by means of the accessibility and availability of LNG supplies in various markets of the world (Eberhardt 2002, pp. 21-44). It is very clear that LNG prices are benchmarked to supplementary competing fuels. There are different and autonomous markets of LNG each having its specific pricing structure. The risk of price is inherent in the particular structure of pricing, even though the level of risk varies for different markets. In America, competing fuel in the market is pipelined natural gas and the target price may be either in a particular market in lasting contracts or the Henry Hub value for short-term LNG sales. Exporters and importers, taking part in LNG transactions in the United States, are faced with a very big risk, because of the high price volatility degree. In Europe, LNG prices are connected with competing fuel prices (Hughes 2011, pp. 11-21). Low-sulfur residual oil refers to this competing fuel. At the same time, LNG is currently connected with a natural gas spot and market prices in the future. In Asia, prices are influenced by the import of crude oil. The formula of pricing basically inv olves a basic indicator of prices for crude oil. A constant is also taken into consideration and may be a mechanism of formula review. Prices in Asia are usually higher as compared to other prices in other parts of the world. There have been current changes in the LNG market based on pricing and contracts. Even though, long-term contracts in the LNG market will not disappear, companies taking part in importing must look for increased flexibility and at the same time seek good terms of contract. Contracts, that cover the sale of about thirty million tons annually to people in Asia, are likely to search for adjustment in the future. Conventional contracts of LNG emphasized the supply security of buyers. Contracts in the LNG market could last for a long time and were very rigid. It was not easy to adjust them. Take-or-pay clauses moved the risk of volume to buyers. LNG was normally delivered ex-ship. This means that LNG was transported in the selected tankers. Contracts also included destination clauses that hampered buyers from selling cargos they had bought from the third parties. Changes have been made in the process towards the end of the 20th century. Suppliers of LNG provided more encouraging condition s, like significantly lower prices to emerging importers in China and India (Sen 2002, pp. 1-10). This made conventional LNG buyers look for lower prices when negotiations concerning contracts required an adjustment. As LNG continues being a very important product in the market, more changes are likely to be realized. These include both changes in contracts and pricing procedures. The market is likely to experience some turbulence caused by the changing world economics. For instance, the Northwest Shelf Project of Australia decided to sell out LNG to China for a price that was said to be about $3 per million Btu. At this time, prices for crude oil were $20 per barrel. The actual price for LNG varied from the price realized in crude oil. Existing contracts with buyers from Japan are reportedly higher than contracts in China by about twenty percent (Yergin and Stoppard, 2003, pp. 103-114). Again, when the utilities of Japan entered into a 20-year, 360-Bcf-per-year contract expiring for LNG of Malaysia, reports indicated a 5% reduction in price and a two-tier management of contract, when 1.2 million tons were annually sold out for the period of 4 years and the remaining for the period of 15 years. The other consequence was an agreement that almost a quarter of quantities will be sold out f.o.b. This increased flexibility of shipping and, at the same time, reduced the costs of freight for buyers. The contract also included short-term buying (Sen 2002, pp. 1-10). In the United States market, the prices for LNG are connected with Henry Hub prices. These have been rising steadily in the market. Natural gas prices in America are expected to range from $3 to $4 MMBtu. This will remain so and will cut down the differential that exists between the Atlantic and Pacific markets on LNG prices. At the same time, the European Union holds the position that sellers of LNG must remove clauses of destination from contracts that they have been using. The dynamism of marketing enhances short-term sales of LNG. This accounted for 8% LNG trading in 2002. The short-term market of LNG was practically not there. It was only experienced several years ago, and few facilities of LNG were constructed until contracts of sales were signed for the whole capacity. In the recent past, some projects have gone ahead with unclaimed capacity. More flexible contracts and spare capacity will lead to increased sales within a short period (Drewry Shipping Consultants 2007, pp. 23- 34). One of the vital consequences of changing market environment is materialization of short-term LNG market. All cargos that have not traded in long-term contracts are described as short-term sales. This means any cargos that traded in contracts during less than one year together with individual LNG cargos purchased and sold out (Sen 2002, pp. 1-10). The short-term market will continue to be driven by the long-term market. These include uncommitted capacity of production, since some emerging plants are increased without making commitment to full production quantities. The example of this is Malaysia. Among other factors there is an increasing demand of LNG and more importantly in the United States and Spain, where receiving terminals have surplus capacity, and Korea, which normally requires large quantities during winter. Moreover, the availability of ships, not making commitment to projects, also contributes to these short-term trends in the LNG market. Other contributing factor of the short-term scenario will definitely be realized, if there is a greater flexibility of contracts. Short-term trading is likely to continue growing, particularly in the Atlantic Basin. There could be a notable 15-20% increase in short-term trading in the Atlantic Basin in the near future. The subject of whether LNG will ever be a true product is still debatable (Sen 2002, pp. 1-10). Generally an emerging global energy business of natural gas trading has been gradually developing. It will have a very big impact on the international economy, exposing new risks and opportunities, geopolitical arrangements and interdependencies. Natural gas is internationally traded. This will definitely cause addressing many urgent needs. The United States is to beware a looming shortage in energy, while Europe is to rejuvenate industry. Developing countries need to accelerate growth. To realize this, a clean environment is of paramount importance. The change will be realized both in LNG and pipeline supplies. LNG has been experiencing an increase in application, and the market has been diversifying worldwide (Yergin and Stoppard, 2003, pp. 103-114). There is an emerging international market for this commodity. This is more particular for offering lighting services and its use in factories and in air conditioning in the United States (Drewry Shipping Consultants 2007, pp. 23-34). Well, one of the disturbing aspects of this emerging business of LNG trading is a recall of transformational years towards the end of 1960s that went on to cover during some part of early 1970s. This was a time when the United States integrated itself with the international market of oil. With a very little span of time, the United States became a major importer of petroleum. The surge in the total demand from the international market pulled through the engine of the United States economy. It helped to set the scene for the crises of oil in1970s and created reliance with which countries have wrestled internationally. Within a time exceeding half a century, America was largely self-sufficient in LNG, despite importing from Canada. In the near future, the United States are likely to be a big LNG importer. This could witness the United States overtake Japan and shift the market westward. The question is whether the United States will inadvertently amount new issues of security or whethe r emerging interdependencies will assist in reducing risks in the future (Parfomak 2003, pp. 9-23). As LNG has been experiencing a growing trend in the market, constant attention should be paid to ensure transparent and fair regulation. There is an increasing demand to educate all stakeholders in the industry and the entire public concerning growing importance of LNG as a part of sustainable and viable supply of energy portfolio leading to extenuating volatility and increasing pressure on prices of LNG and electricity (Hallouche 2006, pp.15-23). Moreover, both regulators and industry participants need to gain trust and confidence from local stakeholders on matters of the LNG delivery on the regular basis in large quantities within a lengthy period of time. Matters of environmental and outstanding safety form an important component in the supply and, therefore, are to be taken care of in trading procedures. With the increasing gas import in the United States, quality is also a determining factor. Varying heat content may affect the market in specific regions and, therefore, quality will influence importing in the future. Generally, LNG offers a way of connecting remote gas to markets. Notwithstanding a significant growth in the recent past, LNG has remained a small contributor to the international demand of gas (Parfomak 2003, pp. 9-23). Pipeline gas has dominated in the international market and, therefore, measures are to be taken to promote LNG trading. Unstable pricing and market conditions can be controlled by good foreign and fiscal policies. At the same time, the current LNG development is a growing trend towards the future of the market. The increasing demand has been growing and can ensure a fully developed market for LNG. Buy custom Future LNG essay

LinkedIn Changes Whats New on LinkedIn in December 2017

LinkedIn Changes Whats New on LinkedIn in December 2017 I haven’t provided an update on what’s new on LinkedIn for about six months. The time has come! As you may remember, Microsoft purchased LinkedIn in at this time in 2016, and there was much speculation as to the LinkedIn changes that would come. We’re starting to find out! I believe (pure speculation on my part) that a lot of the LinkedIn changes that happened through May were already in the works prior to the Microsoft acquisition. Here’s an end-of-year round-up on what’s happened since then. You’ll notice a lot of these items are unequivocally a result of the Microsoft + LinkedIn marriage. Others are in the job search and messaging realm, and then there’s one upgrade to LinkedIn’s video capabilities. I’m curious to know what you think of these changes. Do you think they are improvements to the LinkedIn platform? Microsoft and LinkedIn Integration Features 1. LinkedIn’s Profile Card on Office 365 This feature only works if you use Office 365. Personally, I don’t think it’s valuable enough to convince people to get Office 365, but maybe that’s the idea? Here’s how it works: You can now connect your LinkedIn account to your Microsoft account. This move gives you access to information about your contacts that’s sourced from their LinkedIn profile. By hovering over a contact’s name, you’ll be able to see where they work, what they do, and where they went to school. This might seem disturbing, except you do have them in your contacts list already, so theoretically it’s not too creepy that you can easily find out more about them. Use this Office 365 integration to better understand colleagues, customers or partners. Youll get a good foundation to collaborate efficiently, whether they are within or outside your organization. According to LinkedIn (as of September 25, 2017), integration  with  the Profile Card  in Office 365  was to roll out in  October on  Outlook  on the web, SharePoint and OneDrive for Business. The LinkedIn integration was then to roll out to  Outlook.com customers, with  Outlook  for Windows, Outlook  for  iOS,  and other Office products  following. To set up the 365/LinkedIn integration, just open a person’s Profile Card in Outlook and click on the LinkedIn match. You’ll say â€Å"Yes, let’s go† when prompted and â€Å"accept† in order to view information about your contact. 2.  Desktop App for Windows 10 For those of you using Windows 10, LinkedIn has created a new LinkedIn desktop app  so that you access LinkedIn without having to open your browser. You’ll get real-time professional updates, including new messages, insights on whos viewed your profile, trending news in your industry and other timely highlights on your professional network.† You’ll also be able to manage the types of updates you receive. 3.  Find Resume Keywords with Microsoft and LinkedIn After you select your desired role and industry on LinkedIn, Resume Assistant will use the LinkedIn database to identify the skills listed by other similar professionals. You can then add those skills if applicable. (Need a new skill? Maybe you can pick it up with LinkedIn Learning.) Youll also see relevant job listings, along with details of what the job requires, which can be extremely helpful as you tailor your resume to a specific role. Remember, there’s no â€Å"one size fits all† resume – so use this tool to create a resume that matches a specific job opening! LinkedIn’s Job Search and Networking Tools 4.  Open Candidates Open Candidates is not new, but I thought it was worth including. LinkedIn announced improvements to the feature in October, with the special reminder that Open Candidates is NOT a public status but a private indication to recruiters that you are open for opportunities. Find it in the Career Interests section within  Your Dashboard. Once you turn on Open Candidates, LinkedIn will ask questions about your job requirements that are meant to ensure you’re contacted for positions that fit your interests. On the horizon are â€Å"personalized suggestions to help you improve your profile, as well as unique insights on how much attention you’re getting from recruiters.† If you’re is using these LinkedIn changes, I’d love to hear what results you’re getting! 5.  Who You Know Can Help You Get the Job Networking has been proven again and again to be the #1 way to get a job. Between 70 and 85 percent of people ended up in the current position due to networking. That’s why LinkedIn has made it easy to find out who you know at a company who might be able to help you get your next job. When you look at a job opening or a Company Page on LinkedIn, you’ll automatically see your mutual connections  in the  messaging conversation window. Reach out to the people you know at a company to learn more about the culture, make an introduction, or maybe even learn about a job opening. Taking these steps is absolutely essential for your job search success! 6.  Profile Access: Hover to Learn More On a related note, LinkedIn had eliminated the ability to hover over people and companies to see more without having to click their profile. Now they’ve brought it back! Enjoy. 7. LinkedIn Career Advice Want to be a mentor or a mentee? Career Advice helps connect LinkedIn members for mentorship opportunities. To get started, go to the dashboard on your  LinkedIn Profile  and find the Career Advice hub. From there, enter your preferences for the type of advice you’re looking to give or receive and LinkedIn will recommend appropriate connections. This could be a great way to advance your own career, or to contribute to another professional’s success. LinkedIn Changes to Messaging Features 8.  Active Status on LinkedIn Messaging LinkedIn changes are making it more and more like Facebook every day. Now you can see whether your connections are logged into LinkedIn. Just look for the green dot next to their profile photo, which indicates they’re currently online. Maybe they’ll respond faster if you message them. Maybe not. But it’s always nice to feel like we know what someone’s doing at any moment, right? 9.  Smart Reply Messages When you receive a message in the LinkedIn messaging app, you’ll be given suggestions on how to reply. Some options are a thumbs up icon, smiley face emoji, and phrases like â€Å"Thanks,† â€Å"You’re welcome,† â€Å"Good luck,† â€Å"Sure,† â€Å"Not sure,† â€Å"Hi [first name],â€Å" and many other surprisingly responsive canned messages. Warning: If you click on any of those messages, the message gets sent exactly as is, without space for you to add to it. So I almost always forgo the smart replies and write my own message, unless my response is a simple thumbs up. Use these as you see fit. It’s kind of fun just to see how appropriate (or not) the suggested messages are! LinkedIn Video 10.  LinkedIn Video Sharing videos on LinkedIn has become easier than ever. If you’re on the LinkedIn mobile app, look for the share box at the top of the feed (iOS) or the post button (Android) and tap on the video icon. You can record a video in the app, or upload something you recorded earlier. After you post a video, you can see who’s viewing it and how many views, likes, and comments it’s receiving. These audience insights are in the dashboard section of your LinkedIn profile on both mobile and desktop. Please comment on your experience of these new (and improved?) LinkedIn changes. And hang on to your hats as we discover what’s in store for 2018! For more help with your LinkedIn profile, check out my LinkedIn writing services or my bestselling book, How to Write a KILLER LinkedIn Profile.

Do you believe that we should all aim to be better global citizens Essay

Do you believe that we should all aim to be better global citizens - Essay Example By extension, one needs to examine how feasible the arguments for or against world citizenship are. Perhaps there is no better way of defining global citizenship than to adopt the viewpoint expressed by Thomas Paine when he said â€Å"My country is the world, and my religion is to do good† (Chumbley & Zonneveld 61). The world has advanced in more ways than one. It is for this same reason that the concept of global citizenship has become rampant; as widely acceptable as it is widely rejected. The same reason applies to the belief people have about globalization. The world, overtime, has been divided into countries. Although some of these countries and their people have certain features in common, they are not totally the same. These differences that mark them apart are many other peoples of the world. For instance, countries in the world are commonly classified into developed, developing and under-developed. This is just one of the main divisions. The basis upon which countries of the world are sub-divided is their social and economic standing, among others. However, the essence of being world citizens is to share responsibilities. Since some parts of the world seem to be experiencing little or no progress, while others are progressing rapidly. The advanced countries of the world find it imperative to unite under a number of organizations to ensure that the under-developed and developing nations of the world measure up to what they are supposed to be in the comity of nations. All these happen because in the long run or in the short run, the advancement or backwardness of one nation would affect other nations of the world (Jacobson 27). Nonetheless, one must not fail to mention that not only the developed nation have a responsibility to bear, the people from advancing and under-developed economies of the world also have roles to play. In spite of the different points of view people have about global citizenship, there are certain beliefs that are true. One of such beliefs is that it is not legal for anyone to state that they are global citizens because there is no document that formally stipulates such. This is in spite of the existence of such a body as the United Nations. Yet facts that accrue reveal that there are basis upon which one can safely assume that many of the peoples of the world are indeed global in their citizenship, automatically. One of facts is represented by the internet. Virtually everyone in the world is connected via the internet. This connectivity is so potent that when an incident happens in one part of the world, everyone knows about and is affected in one way or the other. Yet despite the advancement of global citizenry via the internet, there is still a whole lot to be done. For instance, some people in the world know little or nothing about the internet. So, if the condition for being a global citizen is having a presence on the internet, it can only mean that some people in the world will, by design, be d isqualified. Nonetheless, this does not cancel out the benefits of being a citizen of the global community. There are obviously many ways of being a global citizen. Some persons would even believe that once anyone is born into any family in any country on planet earth, such a person automatically becomes a global citizen. This is based on the assumption that since the family is a smaller constituent of a