Monday, 25 June 2007 14:43
Didier Holleaux, Vice-president LNG, Gaz de France in the second of a three-part series looks at the historical value of arbitrage in relation to future value
Although the UK’s National Balancing Point represents only a small part of the European market - around 18 .5 percent - Transatlantic arbitrage is considered for the purposes of my analysis under the NBP-New York Mercantile Exchange futures spread.
One cargo per month (around 3.16*106 million British thermal units) originally dedicated to the NBP-indexed market will be considered for a potential arbitrage diversion to the NYMEX-indexed market on the other side of the Atlantic.
Although the UK’s National Balancing Point represents only a small part of the European market - around 18 .5 percent - Transatlantic arbitrage is considered for the purposes of my analysis under the NBP-New York Mercantile Exchange futures spread.
One cargo per month (around 3.16*106 million British thermal units) originally dedicated to the NBP-indexed market will be considered for a potential arbitrage diversion to the NYMEX-indexed market on the other side of the Atlantic.
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Published in
June 2007
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