Gas Trading Manual - 2nd Edition - ISBN: 9781855734463, 9781855738515

Gas Trading Manual

2nd Edition

A Comprehensive Guide to the Gas Markets

Editors: David Long Geoff Moore Gay Wenban-Smith
eBook ISBN: 9781855738515
Paperback ISBN: 9781855734463
Imprint: Woodhead Publishing
Published Date: 20th July 2001
Page Count: 600
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Since its launch in 2001, Gas Trading Manual (GTM) has established itself as the leading information source on the international gas market. Compiled from the contributions of some of the most senior and widely respected figures in the trade, this edition provides detailed and accurate analysis on all aspects of this complex business from the geography of gas through to the markets, trading instruments, contracts, gas pricing, accounting and taxation. This edition further enhances its reputation as the indispensable practical companion for all those involved in the trading of gas.


All those involved in or new to the industry and the financial advisory, analytical, and investment community internationally

Table of Contents

Part 1 Introduction to gas trading: Changing nature of the gas trade; Fundamentals of the gas market; The geography of gas; The different markets for gas; Gas trading instruments. Part 2 European gas markets: UK traded gas market; Prospects for competition in Continental Europe; IPE natural gas futures; UK gas trading contracts; OCM and the Network Code; Take-or-pay contracts; Gas pricing arrangements. Part 3 Administration: Running a gas trading business; Accounting; Taxation of gas trading. Part 4 Gas and electricity: Gas in power generation; Convergence of gas and electricity markets.


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© Woodhead Publishing 2003
Woodhead Publishing
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About the Editor

David Long

David Long, MS, CEng, is a Clinical Engineer registered as a Clinical Scientist with the Health and Care Professions Council. He has over 20 years multi-disciplinary NHS experience in the field. Being a Chartered Engineer (CEng) as well as a qualified clinician, Dave is particularly able to apply biomechanical principles to the assessment process, and to advise and assist with the more technical aspects of the required equipment.

Affiliations and Expertise

Oxford Centre for Enablement, Oxford University Hospitals NHS Trust, Oxford, UK

Geoff Moore

Geoff Moore Before his untimely death in July 2001, Geoff Moore was a Senior Associate Consultant at Gas Strategies, working on gas trading operations and the progress of liberalisation in Europe. He worked in the UK gas industry for most of his employed life, always at the 'sharp end', dealing with UK gas supply contracts, foreign trade and major political issues. He spent many years in a senior role at British Gas analysing and negotiating gas purchase agreements. In recent years he was closely involved with the UK-Continent Interconnector pipeline and developments in the competitive gas market in both the UK and North America. He spent a year with Natural Gas Clearinghouse (NGCH) in Houston before joining Accord Energy Ltd (a major market maker in spot gas) in the UK.

Gay Wenban-Smith

Gay Wenban-Smith Gay Wenban-Smith is an independent economic consultant and Senior Associate at Gas Strategies (where she was Managing Consultant for five years). She advises on gas purchasing and commercial issues, and strategic assessments of changing market conditions. She is also a trainer on Alphatania gas business training courses. Before joining Gas Strategies, Gay spend twlve years at British Gas Headquarters, first as economist and corporate planner and then in gas marketing (sales of natural gas to the first combined cycle gas turbine power generator in Britain) and gas purchasing, and was active in the policy decisions on the Interconnector. Before joining the gas industry, she was a member of the London Business School econometric forecasting team, moving on to the Government Economic Service in H.M. Treasury and the National Institute of Economic and Social Research.


With a host of distinguished contributors, the publication, a companion volume to the Oil Trading Manual, is the definitive study of the complex and, to most, baffling minutiae of the rapidly changing natural gas market., EP Global Energy

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