The geographic region that can be considered as comprising all land masses (including islands) that lie adjacent to or within the Atlantic Ocean and adjacent waters, including the Baltic Sea, North Sea, Black Sea, Davis Strait, Denmark Strait, part of the Drake Passage, Labrador Sea, Mediterranean Sea, Norwegian Sea, most of the Scotia Sea, Baffin Bay, Hudson Bay, Gulf of St Lawrence, the Gulf of Mexico, Caribbean Sea and the Weddell Sea. As applied to the energy market, the Atlantic Basin liquefied natural gas (LNG) market encompasses LNG producers and consumers in or adjacent to the Atlantic Basin geographic area.
The Atlantic Basin LNG markets can be considered to specifically include the LNG producers (current and projected): Abu Dhabi, Algeria, Angola, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Norway, Oman, Qatar, Russia, Trinidad & Tobago, Venezuela and Yemen. The current and likely future LNG-consuming countries: Argentina, Belgium, Brazil, Canada, Cyprus, Dominican Republic, France, Germany, Greece, Italy, Mexico, the Netherlands, Poland, Portugal, Puerto Rico, South Africa, Spain, Turkey, the UK, the US and possibly the Bahamas and Jamaica.
Note that an Atlantic Basin LNG producer might not be physically located in the Atlantic Basin itself.
*see also Pacific Basin
The Energy Risk Glossary, now in its eighth edition, provides an at-a-glance explanation of the myriad specialised terms and acronyms used in energy trading and risk management.
This year, the guide has been updated by Aviv Handler of ETR Advisory. Energy Risk would like to thank him for his input into this edition, which benefits greatly from his valuable experience and insight into energy markets.
The fast-changing nature of these markets means much has changed since our last edition – almost 200 new entries and revisions have been made this year. Reflecting the increasing importance of regulation, definitions of the Markets in Financial Instruments Directive (MiFid) and the Ljubljana-based Agency for the Cooperation of Energy Regulators (Acer) make it into the glossary for the first time. A focus on improving back-office infrastructure and mitigating counterparty risk is also apparent from the inclusion of terms such as ‘portfolio reconciliation’ and ‘portfolio compression’.
The glossary is extensively cross-referenced, making for easy and thorough searches. We hope you find it useful.
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