The vaporisation of liquefied natural gas (LNG) after transport to its destination, in order to directly deliver natural gas to downstream markets. Regasification has traditionally been done by the LNG ships offloading their cargo as liquid into tanks at on-shore terminals, which then convert it to natural gas. However, technology now exists for regasification on board specially designed vessels, such as Energy Bridge LNG ships, to deliver natural gas directly into the pipelines. Similarly, dockside regasification can be done at specially equipped seaports such as at the GasPort now operational in the UK.
Commodity trading and risk management is a subject that is necessarily complicated, and is becoming more so. The Energy Risk Glossary seeks to disentangle and clarify the jargon by providing definitions of commonly used energy and commodity market terms.
These include definitions related to a variety of underlying energy products, as well as technical terms about the many instruments and benchmarks used by energy market participants.
Many of the most recent terms to have been added to our glossary stem from the actions of regulators since the 2008 global financial crisis. The onset of rules, such as the US Dodd-Frank Act and European Market Infrastructure Regulation, has markedly increased the cost and complexity associated with commodity trading. Perhaps they have also increased the need for a handy reference guide such as this.
The glossary is extensively cross-referenced, making for easy and thorough searches. We hope you find the latest edition of the Energy Risk Glossary to be a useful resource.
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